Speaking with American businessman and author of the personal finance book “Rich Dad Poor Dad,” Robert Kiyosaki, Trends Research Institute’s founder and director Gerald Celente, discussed the trends to look out for in 2022, giving their views on gold, silver, and Bitcoin as well as the US economic front. Kiyosaki revealed that he’d “never seen it this bad”; likewise, giving his thoughts on the interest rate hike in the US, Celente questioned how the markets could continue to go up. He said:
Negative interest rates in the making
While this is going on, Celente pointed out that stock buybacks are at an all-time high since companies are receiving money for more or less nothing and buying back their shares to make it seem as if there are less of them available, so artificially inflating the price of their stock. In particular, he cited the record level of merger and acquisition activity. When looking at the actual interest rate at 6.8% and The Fed rate, which Celente stated is around zero, he remarked, “you’ve got negative interest rates, so this is a whole scam.” As a result, the founder of Trends Research gave his advice for 2022 and the trends to hedge against inflation. He added:
A real estate crash?
On the topic of real estate, Celente does not believe that there will be a real estate crash because this real estate boom was different from the others in that people had the money to purchase what they wanted, as opposed to the previous boom, which was characterized by subprime mortgages and the inflation that was occurring at the time. However, the director observes a fall in commercial real estate as the year draws to a close; office occupancy rates in the United States are at 40%, he noted, which indicates that 60% of those who have left are not returning. Instead, people are heading toward the Metaverse trend whether they like it or not. He declared: Commercial real estate was described as overbuilt in the past and now in the majority of cities; consequently, he views the Metaverse as the next trend. Watch the video: R. Kiyosaki and G. Celente slam interest rates ‘a whole scam‘
