As a long-term crypto investor with a background in finance and economics, I’ve kept a close eye on Robert Kiyosaki and his predictions for quite some time. His latest video with Ken McElroy piqued my interest, especially when he brought up the topic of Artificial Intelligence (AI) and its potential impact on employment and the economy.
Robert Kiyosaki, a renowned finance expert and author of “Rich Dad, Poor Dad,” has been active in the industry for an extended period. He frequently shares insights with his audience regarding emerging opportunities and risks. Lately, he warned about a significant Bitcoin price drop, which could potentially affect other assets as well. Although the precise timing remains undisclosed, recent market fluctuations may serve as a precursor to this event.
As a financial analyst, I’ve noticed that Robert Kiyosaki has once more shared an intriguing forecast. However, it’s essential to emphasize that his views do not equate to financial advice. This time, he’s discussing the potential risks of artificial intelligence.
Robert Kiyosaki Claims AI Will Eat Millions of Job
On July 17th, Robert Kiyosaki shared a video on X with Ken McElroy, the CEO of McElroy Investment Real Estate Services. Throughout the video, Kiyosaki discussed various aspects of financial success. Towards the end of the conversation, he made a prediction: Artificial Intelligence is poised to impact millions of jobs in the near future.
In this video, my dear friend and business collaborator, Ken McErloy and I engage in thoughtful discussions on various subjects. I recount my transformation from being a Vietnam pilot to securing funds for numerous enterprises. The merits of gaining practical experience over traditional education are also highlighted by me. Continue watching and listen to Ken’s insights as well.
— Robert Kiyosaki (@theRealKiyosaki) July 17, 2024
The video offered a wealth of counsel drawn from the experiences of these two individuals. It touched upon the notion that jobs requiring little to no skill, such as driving and construction, will persist in the labor market. However, jobs lacking talent or practical experience may not endure, as artificial intelligence is poised to assume those roles, potentially leaving millions without employment. He issued a cautionary note to academic high achievers and those relying solely on college degrees, urging them not to overlook the value of hands-on experience.
“AI, or artificial intelligence, is something I’m closely following. In my opinion, it has the potential to disrupt employment for millions.”
AI Dominance Will Bring The Bitcoin Price Up
As a crypto investor, I recently watched Robert Kiyosaki’s video where he discussed the financial predicament of America, and it was quite alarming. He brought up concerns about the US government’s response to economic issues by printing more money to meet demands, which is unsustainable in the long term and could potentially lead our country down a destructive path, similar to what happened in Zimbabwe. Furthermore, Kiyosaki linked this situation with the widespread use of AI that has caused massive job losses, making the government’s preferred solution of printing more money even more problematic as it may exacerbate inflation and further erode people’s purchasing power.
As a concerned crypto investor, I ponder over the potential implications of widespread unemployment brought about by technological advancements such as artificial intelligence. I believe that in response to this challenge, governments around the world may resort to printing more money in an attempt to stimulate economic activity and provide relief to those affected.
According to Robert Kiyosaki’s perspective, although it’s worrying, he anticipates that the price of hard assets such as Bitcoin, Gold, and Silver will go up. His forecast suggests that these assets will become more valuable during an economic downturn.
Despite their absence from the provided list, it’s important to note that Exchange Traded Funds (ETFs) have been labeled as “paper gold” by Ken McElroy. Instead of relying on these ETFs, he recommends considering actual gold as a better alternative.
Final Thoughts
As a researcher studying the impact of Artificial Intelligence on the job market, I’ve long anticipated the potential for massive job displacement due to AI’s rapid growth. This prediction is not new in the industry, and Robert Kiyosaki has added his voice to the conversation. Interestingly, he also suggests that during such economic turmoil, the prices of assets like Bitcoin, Gold, and Silver could rise as they have historically held value in challenging times.
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2024-07-18 16:13