Robert Kiyosaki (the famous author Rich Dad Poor Dad), says hyperinflation is real and that depression is a possibility. Investors should also consider buying gold, silver and bitcoin to avoid the largest bubble burst.
Robert Kiyosaki’s Latest Warnings
Robert Kiyosaki (author of Rich Dad Poor Dad) gave several warnings about the U.S. economic system on Friday.
Rich Dad Poor Dad was co-authored in 1997 by Sharon Lechter and Kiyosaki. For six consecutive years, it has been a New York Times Best Seller List. It has been sold more than 32,000,000 copies in 51 languages and in 109 different countries.
Kiyosaki said that there would be an E. Coyote moment, and that the greatest bubble burst is 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 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. It’s time to make it big again. Time to get smart, not greedy.” Emphasizing that weak businesses and greedy investors will fail, the famous author wrote:
Be careful. Receding recession and crash are coming.
As the Federal Reserve fights the most severe inflation since more than 40-years, a growing number of forecasters and economists are saying that the U.S. is in danger of a recession.
Jamie Dimon of JPMorgan Chase, the CEO, stated this week that there is a rising risk that the Federal Reserve will tip the U.S. into recession. Former Treasury Secretary Larry Summers also said a recession is “the most likely” outcome for the U.S. economy, not a soft landing.
Jack Dorsey (CEO of Block Inc.) and former CEO at Twitter Inc. predicted in October that there would soon be hyperinflation. Recently, Mexico’s third-richest billionaire, Ricardo Salinas Pliego, also warned about severe dollar inflation. He suggested buying bitcoin.
Kiyosaki warned many times about the possibility of a huge crash. Predicting a “giant stock market crash” in October, he noted that after the crash, the U.S. will slide into a new depression. The biggest bubble in history is now, he warned.
Rich Dad Poor Dad, an author, said that the U.S. Dollar is in danger of collapsing and recommended investors invest more in gold, silver bitcoin, ethereum and solana. He stressed that the U.S. is facing serious financial problems and its national debt is at an all-time high.
Kiyosaki, in the same month warned that the government would seize all crypto currencies. 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.”
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