“THE EVERYTHING BUBBLE I wrote about in my last two tweets has caused millions of Millennials, Gen X and Gen Zs… even a few Baby Boomers[…] to claim they cannot afford a house, or have kids, or live at the same standard of living as their parents.”
Kiyosaki expressed empathy for younger generations, noting that he grew up with similar doubts. Yet, with “real estate and the cost of living so high in Hawaii,” he also wonders how “young people today… survive.”
The cost of living crisis isn’t limited to Hawaii. Across the U.S., inflation continues to bite. Since the beginning of 2020, the consumer price index has increased by 22%.
‘The everything crash’
Kiyosaki’s concerns about inflation go beyond just rising consumer prices — he’s also warning of a major market downturn.
He describes how “The Everything Bubble” formed in the past.
“In 2008 was the GFC the Great Financial Crisis. The criminals at the Fed and Treasury began printing trillions of fake dollars in an attempt to stop a GFD a.k.a….a Global ‘F-ing’ Depression,” he wrote on X. “The 2008 GFC blew up into ‘The Everything Bubble.’ All markets began to rise… floating on a sea of fake money.”
In short, Kiyosaki believes that excessive money printing fueled the bubble by inflating asset prices across the board.
Now, he predicts even more serious consequences.
“What I am attempting to say is ‘The Everything Bubble’ is going to turn into ‘The Everything Crash,’” he predicts, vividly comparing the impending collapse to “Mt. Vesuvius blowing up.”