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Robert Kiyosaki, a famous investor and financial education advocate also known for his popular book “Rich Dad Poor Dad,” has addressed the cryptocurrency community with a new Bitcoin message in light of the recent events that threaten to give both the U.S. and Japanese economies a hard blow.
Japanese car giants adjusting their U.S. plans
In his tweet, Kiyosaki claims that Japanese automobile brands Toyota, Honda and Nissan “have decided to stop selling cars in US,” claiming that this was caused by the high tariffs imposed by the new U.S. president Donald Trump. However, what really happened is that Nissan paused new orders for the QX50 and QX55 SUVs produced in Mexico.
It also revised plans to reduce production in the U.S., including halting production of the Rogue SUV in Japan for a period. Nissan is also canceling its plans to build two electric sedans in the U.S. According to Reuters, Toyota cancelled production at two U.S. plants for two weeks due to anticipated sales drops.
Besides, Honda and Nissan have officially ended negotiations about merging.
Kiyosaki's economic turmoil message: "Bitcoin is still your defense"
Based on the news about Japanese car companies and their adjusted plans for producing and selling cars in the U.S., perhaps slightly exaggerated by Kyiosaki for dramatic effect, the finance writer believes that this would mean a hard blow against the U.S. economy.
Namely, he expects massive unemployment and crash of many towns dependent upon Japanese cars” coming to the US. He says that local US car-makers, such as Ford, GM, etc., “may boom…. If they can gear up fast enough.”
He is warning the U.S. population: “As pilots say, strap in tight and prepare for crash.” Kiyosaki believes that the current trade wars ignited by Donald Trump are dangerous and may lead to actual military conflicts in the future, mentioning that he himself took part in the Vietnam war twice and cursing any war as “human insanity at its worse.”
In any case, he believes that when it comes to the economic side of the current or any future market turmoil “caused by greed, insanity, and fear,” “gold, silver, and Bitcoin still your defense.”
Vladislav Sopov