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[hfe_template id='11223'] [ad_1] Robert Kiyosaki, author of the bestselling personal finance book Rich Dad Poor Dad, warned on Tuesday that Moody’s downgrade of the U.S. government’s credit rating signals a looming economic crisis, potentially as severe as the Great Depression. In a post on microblogging site X (formerly Twitter), Kiyosaki said the downgrade means “the US is like a dead-beat dad who is spending borrowed money, without a job, and not taking care of his family.” He warned that a Moody’s downgrade “will probably mean higher interest rates which means a US in recession, which means the economy will slow, unemployment will climb, bond market, housing market, and weak banks may fail…which may mean 1929 Depression.” Kiyosaki urged individuals to prepare by adopting an entrepreneurial mindset, advising: “I have always recommended people become entrepreneurs, at least a side hustle, and not need job security.” He also recommended investing in “income producing re...

[hfe_template id='11223'] [ad_1] Robert Kiyosaki, author of the bestselling personal finance book Rich Dad Poor Dad, warned on Tuesday that Moody’s downgrade of the U.S. government’s credit rating signals a looming economic crisis, potentially as severe as the Great Depression. In a post on microblogging site X (formerly Twitter), Kiyosaki said the downgrade means “the US is like a dead-beat dad who is spending borrowed money, without a job, and not taking care of his family.” He warned that a Moody’s downgrade “will probably mean higher interest rates which means a US in recession, which means the economy will slow, unemployment will climb, bond market, housing market, and weak banks may fail…which may mean 1929 Depression.” Kiyosaki urged individuals to prepare by adopting an entrepreneurial mindset, advising: “I have always recommended people become entrepreneurs, at least a side hustle, and not need job security.” He also recommended investing in “income producing re...