Hot Inflation Will Wipe Out Most

With price levels continuing to spike, the Fed is no longer using the word ‘transitory’ to describe inflation.

U.S. consumer prices jumped 7.7% in October from a year ago, still hovering near the the highest levels since the early 1980s. Food and energy are still spiking at a historic pace, which could give the Fed more reason to keep raising interest rates.

It’s a vicious cycle criticized by many investing veterans. And Rich Dad, Poor Dad author Robert Kiyosaki is one of the latest experts to sound the alarm.

“When inflation goes up, we’re going to wipe out 50% of the U.S. population,” he told Stansberry Research earlier this month.

Let’s take a closer look at what Kiyosaki means by that.  READ MORE...