@DaveHcontrarian@GabrielSSJE@chancho59849585 Then wouldn’t it be better to hedge the decline of the dollar’s value with the yen-hedged ETF 2621? Japan could also raise interest rates.
FEAR of UNPLOYMENT spreads like a virus across the world.
Obviously, this fear is not good for the global economy.
As warned in an earlier book, Rich Dads Prophecy, the biggest market crash, a crash that is leading to the recession we are in…. and possible New Great Depression….may….be upon our world today.
I hope my book and I are wrong.
If I was prescient…. and the global economy crashes…. Just remember crashes….for those who are prepared….not panicked….can be the opportunity of a life time.
The 2008 GFC was that lifetime opportunity for me and many of my friends.
Always remember, market crashes mean “real assets go on sale.”
If…. for example…. Bitcoin were to crash back to $300 a coin….would you cry or celebrate?
IMPORTANT QUOTES on being prepared….vs…. panicking.
“Luck happens when preparation meets opportunity.”
Oprah Winfrey
“Give me six hours to chop down a tree…and will spend the first four hours…. Sharpening my axe.”
Abraham Lincoln
“By failing to prepare… you are preparing to fail.”
Benjamin Franklin
“The will to win is important… but the will to prepare is vital.”
George Paterno
Warren Buffet just sold billions in stocks….and now has $325 billions in cash.
What do you think Buffet is prepared for?
That’s why I wrote Rich Dad’s Prophecy in 2004.
I wanted you to be prepared for the global panic….that is beginning…. now.
Take care.
More banks about to fail. Rumor is Mortgage giant Loan Depot is on the ropes. Regional banks and mortgage companies are falling. Please be careful. I would not believe anything Pres Biden, Fed Chairman Powell or Sec Treasury Yellin say. Think for yourself.