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ProCap CEO and VC investor Anthony Pompliano (also known within the X financial community as Pomp) has taken to his X account to comment on the just-released inflation report — the Consumer Price Index (CPI).
CPI comes in low, Kiyosaki's gloomy forecast opposed
The CPI has come out slightly below analysts' expectations — 2.7% versus 2.8%. This may indicate that in September, the Federal Reserve will finally agree to reduce the interest rate, something many financial experts, traders and even U.S. President Trump have been longing for recently.
Based on this development, Anthony Pompliano addressed the pessimists who “promised us a Great Depression and empty shelves.” Instead of that, Pomp said, “we got all-time highs and an economic boom.”
One of the most vocal advocates of a new Great Depression coming soon is the author of the “Rich Dad Poor Dad” book, investor and financial guru Robert Kiyosaki. Notably, just like Pompliano, he is a vocal Bitcoin advocate. However, their takes on the state of the American economy and predictions regarding its near future are totally different.
Kiyosaki predicts Great Depression to return
Last week, Kiyosaki published yet another X post, where he predicted a new Great Depression coming soon to the U.S. He stated that the bond and stock markets will be the first to collapse in a market crash that is looming, also reminding readers that the Moody’s agency has downgraded U.S. bonds.
The “Rich Dad Poor Dad” author revealed that Asian traders are buying gold, and he himself has always considered stocks and bonds to be unreliable, preferring Bitcoin, physical gold, silver, oil and cattle. He even owns silver and gold mines. All of these assets, particularly, gold, silver and BTC, are going to make him rich when a new Great Depression arrives, Kiyosaki anticipates.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team