Rich Dad Poor Dad"s Robert Kiyosaki Warns Hyperinflation, Depression Are Here
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says that hyperinflation and depression are here. He also warned that the biggest bubble burst is coming, advising investors to buy gold, silver, and bitcoin. Robert Kiyosaki’s Latest Warnings
The author of Rich Dad Poor Dad, Robert Kiyosaki, gave a series of warnings regarding the U.S. economy Friday.
Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.
Kiyosaki tweeted that a Wile E. Coyote moment and the biggest bubble burst are coming. Claiming that hyperinflation and depression are here, the famous author recommends buying gold, silver, and bitcoin “before the coyote wakes up.”
The author of Rich Dad Poor Dad opined that baby boomers’ retirements will be “stolen” and that the $10 trillion in fake money spending is ending. He called the U.S. government, Wall Street, and the Federal Reserve thieves.
Moreover, Kiyosaki tweeted early this month: “Repo market inversion. Last time this happened was 2008 … In 2008 I borrowed $300 million to buy great real estate, at bargain prices. Time to get rich coming again. Time to get smart, not greedy.” Emphasizing that weak businesses and greedy investors will fail, the famous author wrote: Be careful. Recession and crash coming.
A growing number of economists and forecasters are now saying that a recession is on the horizon for the U.S. economy as the Federal Reserve continues to fight the highest inflation in more than 40 years.
JPMorgan Chase CEO Jamie Dimon, for example, said this week that the risk of the Federal Reserve tipping the U.S. economy into recession is rising. Former Treasury Secretary Larry Summers also said a recession is “the most likely” outcome for the U.S. economy, not a soft landing.
In October last year, Jack Dorsey, the CEO of Block Inc. and former CEO of Twitter Inc., predicted that hyperinflation will soon happen in the U.S. and the world. Recently, Mexico’s third-richest billionaire, Ricardo Salinas Pliego, also warned about severe dollar inflation. He recommended buying bitcoin.
In addition, Kiyosaki has warned about a massive crash many times. Predicting a “giant stock market crash” in October, he noted that after the crash, the U.S. will slide into a new depression. He further warned that we are in the biggest bubble in world history.
Last month, the Rich Dad Poor Dad author said the U.S. dollar is about to implode, recommending investors buy more gold, silver, bitcoin, ethereum, and solana. He emphasized that the world is in trouble and the U.S. national debt is going through the roof.
In the same month, Kiyosaki warned that the government will seize all cryptocurrencies. Nonetheless, he predicted the end of the U.S. dollar, noting that the Russia-Ukraine war is giving rise to crypto as a safer haven than the government’s “fake fiat money.” Tags in this story Buy Bitcoin, Depression, gold, Hyperinflation, inflation, robert kiyosaki, robert kiyosaki bitcoin, robert kiyosaki crypto, robert kiyosaki cryptocurrency, Robert kiyosaki production, Robert Kiyosaki Solana, silver
What do you think about Robert Kiyosaki’s warnings? Let us know in the comments section below. Kevin Helms
A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. Research Shows More Than 1 Million Australians Own Cryptocurrency FEATURED | 2 days ago Amazon CEO: Crypto Will Become Bigger, NFTs Will Grow "Very Significantly" FEATURED | 2 days ago
Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleAlleged Hydra Administrator Dmitry Pavlov Reportedly Arrested In Russia Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItNFT Marketplace Opensea to Add Credit Card, Apple Pay Support via Moonpay
According to the firm Moonpay, the non-fungible token (NFT) marketplace Opensea plans to accept credit card payments using the company’s payment infrastructure. The move follows Opensea gathering $23.5 billion in all-time sales volume, and the company’s recent Solana support announcement. ... read more.Kenya Central Bank Governor: Low Smartphone Penetration Working Against Plan to Launch CBDC Bandai Namco Announces Gundam Themed Metaverse Study: 10% Growth in Crypto Market Cap Reduces Value of African Firms by 0.76% With Over 90% of BTC"s Supply Issued, Bitcoin"s Mining Difficulty Reaches a Lifetime High