Rich Dad Poor Dad’s Robert Kiyosaki Warns of Stocks and Bonds Crashing — Depression, Civil Unrest Coming – Bitcoin News

Robert Kiyosaki is the famous author of Rich Dad Poor Dad. He predicted that civil unrest and depression would soon follow. Robert Kiyosaki also predicted the collapse of bond and stock markets.

Robert Kiyosaki: Markets Crashing and Civil Unrest

Robert Kiyosaki (author of Rich Dad Poor Dad) has warned more about the U.S. economic situation. Rich Dad Poor Dad was co-authored in 1997 by Kiyosaki, Sharon Lechter and others. The New York Times Best Seller List has had it for six years. It has been sold more than 32,000,000 copies in 51 languages and in 109 other countries.

Kiyosaki believes that environmentalists and liberals are responsible for the decline in oil production. He also claims this has caused inflation. However, stimulus checks have paid workers to stop working. Kiyosaki predicted the crash of stock and bond markets and also warned about civil unrest.

This famous author noted that inflation is threatening retailers and even large corporations such as Target or Walmart. Also, he said that the money shortage has caused shoppers to run out of money. “Retailers are starting to reveal the impact of eroding consumer purchasing power,” Paul Christopher, head of global market strategy at Wells Fargo Investment Institute, described earlier this month.

For a long time, Rich Dad Poor Dad has been warning of imminent depression. In April, he warned that depression and hyperinflation were here and advised investors to purchase gold, silver, or bitcoin. Twitter account of the tweeter:

This is bad news. There is a new depression.

He explained in April that bonds were the most risky investment during a global financial meltdown. “Tragically rookie investors follow rookie advice of 60 (stocks) 40 (bonds) mix,” he opined.

An earlier month, he stated that bitcoin is still his favorite cryptocurrency and that he plans to continue buying it when prices drop. It could drop to $9K, he believes. The famous author wrote, “Bitcoin is the future of money.”

Kiyosaki predicted that the U.S. Dollar would collapse earlier in the year, and emphasized that it is nearing its end. His March prediction was that the world is in its biggest bubble ever recorded.

What do you think about Robert Kiyosaki’s warnings? Please comment below.

Kevin Helms

Kevin is a graduate of Austrian Economics. He discovered Bitcoin in 2011, and has been an advocate ever since. He is interested in Bitcoin security and open-source software, network effects, and the intersection of cryptography and economics.