‘Rich dad’ Kiyosaki disputes WSJ’s economic narrative, favors bitcoin
Renowned author and investor Robert Kiyosaki has rebutted the Wall Street Journal’s portrayal of a thriving US economy, underlining his skepticism on Twitter. Kiyosaki stressed that the recent upswing in the stock market was primarily driven by President Joe Biden’s decision to lift the debt ceiling, exacerbating the nation’s financial burden. Simultaneously, he extolled Bitcoin as a potential safe haven. WTF. WSJ claims economy is strong. Don’t they know the stock market is up because Biden raised debt ceiling. Americas debt is going up…so stock market going up. Numb nuts. America is broke. Still prefer gold silver Bitcoin. — Robert Kiyosaki (@theRealKiyosaki) July 31, 2023 WSJ’s optimistic predictions The WSJ article, titled “U.S. Economic Growth Accelerates, Defying Slowdown Expectations”, published on July 27, 2023, emphasized a 2.4% economic surge in the US for the Q2 2023. It interpreted this as a signal of recession avoidance. WS...