Rich Dad Poor Dad’s Robert Kiyosaki Changes His Mind About Treasury Bonds — Says ‘Time to Open My Closed Mind’ – Economics Bitcoin News

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says it’s time to open his closed mind after listening to economist Harry Dent. Although he has repeatedly stated that he doesn’t invest in Wall Street or the Federal Reserve, a 2-year U.S. Treasury bond is what he now owns.

Robert Kiyosaki is Influenced By Harry Dent. He Buys Treasury Bonds

The author of Rich Dad Poor Dad, Robert Kiyosaki, is opening his “closed mind” and buying 2-year U.S. Treasury bonds after listening to economic forecaster Harry Dent.

Rich Dad Poor Dad, a book by Sharon Lechter (1997). The New York Times Best Seller List has had it for six years. The book has been translated into more than 51 languages in more than 109 different countries.

Kiyosaki Tweeted Tuesday

My closed mind. I don’t invest in things Fed or Wall Street print. It’s time to expand my mind. I have listened to Harry Dent and am now buying U.S. Treasury 2 year bonds.

Much was written about his tweet. Many people pointed out that Harry Dent had been repeating the exact same things for many years. An additional person pointed out to Dent the fact that Treasury bonds are not recommended for 2 years. He also noted that Dent was an economist who preferred bonds with a longer term, such as bonds of 20-30 years.

Some people questioned Kiyosaki’s decision to invest in low-yield bonds. “Why would one buy a 3% yield Treasury when real inflation is still over 17%? Treasuries are, as all paper assets, tied to the US dollar. The ongoing paradigm shift in the direction of the END dollar hegemony is also affecting Treasuries. IMO, stick to your original and ongoing advice of physical gold and silver.”

Kiyosaki’s Wednesday tweet also mentioned a prediction by Jim Rickards, the author of the national bestseller titled “Currency Wars: The Making of the Next Global Crisis.” The Rich Dad Poor Dad author wrote:

Jim Rickards wants the greatest crash in human history to be on September 21, 2022.

A number of people on Twitter commented on Rickards’ predictions. “Jim Rickards has been calling for the biggest crash in history every week for years,” one replied to Kiyosaki. Another stressed: “To call out a crash by an exact forecasted date is exclusively hype-driven entertainment aimed to play on the emotions of novice influential investors.”

A third individual commented that Federal Open Market Committee (FOMC), which meets on Sept. 21, and Federal Reserve Chairman Jerome Powell is likely to raise interest rates again. Noting that Powell will probably raise rates “more than the market expects,” the Twitter user suggested that Sept. 22 “has a better chance as crash day.”

Kiyosaki says that the Federal Reserve, U.S. Treasury and the Biden administration are all he trusts. In May, he said that the U.S. was led by three Stooges: Treasury Secretary Janet Yellen (Biden), and Fed Chair Powell.

The famous author recently mocked President Joe Biden over his zero inflation claim, stating: “I think Joe is talking about his financial IQ.” Kiyosaki previously cautioned that inflation may lead to Greater Depression.

He warned in February that the Federal Reserve and the Treasury are “destroying the dollar, sending billions of dollar savers and uninformed to financial hell,” advising investors to buy gold, silver, and bitcoin. Rich Dad Poor Dad also stated that he was waiting for BTC’s bottom to purchase some. Last month, he stated that he was in cash and waiting for the crypto to bottom out.

In July, he said silver is the best investment value, noting that gold’s price is over $1,700 but for $25 you can buy a silver coin. “Silver is an industrial precious metal. Gold is not,” he emphasized. Kiyosaki also warned of the biggest bond crash since 1788, adding that he is “buying more gold, silver now, and waiting for bitcoin to go lower.”

Do you agree with Robert Kiyosaki suddenly changing his mind on Treasury bonds investing after listening to Harry Dent, an economist? Leave your comments below.

Kevin Helms

Kevin is a graduate of Austrian Economics. He discovered Bitcoin in 2011, and has been an advocate ever since. His main interests are in Bitcoin security, open source systems, network effects, cryptography, and intersections between economics, cryptography, and Cryptography.