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Rich Dad Poor Dad Author Warns of U.S. Economic Depression

Robert Kiyosaki, the celebrated author of Rich Dad Poor Dad, has recently declared that the U.S. economy is in a depression. His book’s long-standing success lends credibility to his warning.

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Joe G & Money Talks
April 28, 2024 • Estimated Reading Time: 4 minutes

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What we will talk about today...

🚨 Rich Dad Poor Dad Author Warns of U.S. Economic Depression

⚠️ FBI Cautions on Unregistered Crypto Services

🚀 Bitcoin’s Next Leap: $100,000 Target Post-Halving

Rich Dad Poor Dad Author Warns of U.S. Economic Depression

Robert Kiyosaki, the celebrated author of Rich Dad Poor Dad, has recently declared that the U.S. economy is in a depression. His book’s long-standing success lends credibility to his warning.

  • Economic Growth: Kiyosaki points to the low economic growth rates, 3.4% in Q4 2023 and 1.6% in Q1 2024, as indicators of the depression.

  • Previous Alerts: He has consistently warned about economic downturns and criticized the current administration’s policies.

  • Global Impact: Kiyosaki also highlights the potential for a global economic crash and the risks in financial markets.

  • National Debt: The increasing national debt is a major concern for the U.S. economy’s stability.

Kiyosaki’s insights underscore the need for strategic economic planning and caution in financial sectors.

FBI Cautions on Unregistered Crypto Services

The FBI warns against using unregistered cryptocurrency services that don’t comply with U.S. anti-money laundering laws. They emphasize the need for services to have proper Know Your Customer (KYC) protocols.

  • FBI’s Stance: Use only registered Money Services Businesses (MSBs) that follow U.S. federal law.

  • Preventive Steps: Check if a service is registered with FinCEN and ensure they perform KYC checks.

  • Recent Actions: The DOJ’s indictment of Samourai Wallet operators for running an unlicensed service highlights the crackdown on illegal crypto activities.

The FBI’s guidance is a response to the growing concern over the use of cryptocurrencies in unlawful transactions and the importance of regulatory compliance.

Bitcoin’s Next Leap: $100,000 Target Post-Halving

Bitcoin’s fourth halving could propel its value to $100,000. This event cuts miner rewards, reducing new Bitcoin supply and potentially driving up its price.

  • Halving Effect: Reduces new Bitcoin creation, which may increase its value.

  • Past Trends: Historically, Bitcoin’s value has risen 127% after halvings.

  • Supply and Demand: Fewer Bitcoins on exchanges and more institutional interest could spike prices.

  • Long-Term View: If trends continue, Bitcoin could reach $500,000 after 2025.

The introduction of spot Bitcoin ETFs and the halving’s supply cut suggest a bullish future for Bitcoin’s price.

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