A well-known author known for predicting several major financial events has issued a prediction on the 2024 presidential election.
What Happened: Former president Donald Trump has indicated that he could be arrested Tuesday over hush money payments made to porn star Stormy Daniels.
The rumor of the arrest comes as investigators have worked on making a case that Trump’s lawyer Michael Cohen paid Daniels $130,000 prior to the 2016 presidential election.
While Trump has not been arrested or charged with any crimes at the time of writing, many experts are chiming in with what the potential arrest could mean for Trump’s chances to win the presidency in the 2024 election, which he is officially running for.
“Rich Dad, Poor Dad” author Robert Kiyosaki was among those making a public prediction on what an arrest of the former president could mean.
“LOVE HIM or hate him, Trump plays the FAKE Woke MEDIA like a cheap ukulele. He announces he will be arrested tomorrow. If arrested, the Fake Woke Media will get him elected. Please, please, please, arrest my friend Donald Trump,” Kiyosaki tweeted.
Kiyosaki was a supporter of Trump for the 2016 presidential election, publicly endorsing him. Kiyosaki also co-authored two books with Trump titled “Midas Touch” and “Why We Want You To Be Rich.”
Related Link: Desantis Defends Trump Against Soros-Funded Prosecutor But Takes A Swipe With 'Hush Money To A Porn Star'
Why It’s Important: The “Rich Dad, Poor Dad” author has been vocal about the “woke media” in recent posts.
“If you believe in fantasy the Woke of Hollywood pump out in their movies, TV or commercials; You should become a college professor teaching fantasy rather than real life. Go Woke & Go Broke,” Kiyosaki tweeted.
Kiyosaki previously showed support for Tesla CEO Elon Musk and questioned why Silicon Valley’s “Woke” feared Musk acquiring social media platform Twitter.
In additional support for Trump, Kiyosaki also previously referred to former vice president Mike Pence as “Judas” and a “Goody Two Shoes” after classified documents were found at Pence’s home.
Kiyosaki has often used Twitter to share political takes.
The author is best known for his commentary on the financial markets and in recent years for recommending investments like gold, silver and Bitcoin BTC/USD in an era of high inflation.
Kiyosaki famously predicted the collapse of the investment banking company Lehman Brothers in 2008 and was recently correct on another banking prediction.
“The biggest problem is the bond market,” Kiyosaki said. “The bond market is much bigger than the stock market is as we know.”
Kiyosaki said banks could be in trouble due to the bond crisis.
“The problem is the bond market, and my prediction, I called Lehman Brothers years ago, and I think the next bank to go is Credit Suisse.”
Shortly after Kiyosaki’s prediction, shares of Credit Suisse Group CS fell significantly and faced concerns going forward. Over the weekend, it was announced that Swiss banking peer UBS Group UBS is buying Credit Suisse at a discount.
Not every prediction made by Kiyosaki will end up being correct, but with a track record of making some bold predictions that ultimately came true, the commentary on the 2024 election could be worth monitoring.
Photos: Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
