Key Points:
Based on the Stansberry Research report, the author of the best-selling book “Rich Dad, Poor Dad” predicts that the financial markets will experience a real massacre on Tuesday, February 14. The title of the book alludes to the infamous mafia action carried out by the Al Capone gang in the late 1920s.
Similar to Valentine’s Day 94 years ago, inflation data will serve as this year’s actors. Thus, the most recent U.S. consumer price index will be made public on February 14. The index, which serves as a barometer for inflation, will show the future course of the U.S. Federal Reserve’s monetary policy and have a significant impact on the prices of financial assets, particularly the riskiest ones, such as cryptocurrencies.
Despite expecting all asset values to decline, including his favorites gold, silver, and Bitcoin (BTC), Kiyosaki advises investors not to lose their cool. Fortunately, the markets’ collapse will present opportunities to purchase more of the appropriate financial instruments in return for “false” dollars, according to the author.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.
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