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Robert Kiyosaki Warns of 1929-Like Market Crash as Moody’s Downgrades U.S. Credit
Robert Kiyosaki Warns of 1929-Like Market Crash as Moody’s Downgrades U.S. Credit
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Wall Street faced a sharp pullback on Monday as Moody’s downgraded the U.S. government’s credit rating by one notch, citing concerns over the nation’s mounting $36 trillion debt. The MOVE triggered a broad market sell-off, with Nasdaq-100 futures plunging 1.6% and the S&P 500 dropping 1.2%.
Financial author Robert Kiyosaki reiterated his warnings of a deeper economic crisis, drawing parallels to the 1929 market crash. Moody’s, the last major rating agency to act, cut the U.S. credit rating from Aaa to Aa1, highlighting ballooning deficits and rising interest costs as critical risks to fiscal stability.
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