Robert Kiyosaki is the famous author of Rich Dad Poor Dad. He claims that the Federal Reserve will bring down the U.S. economic recovery with its interest rate increases. He advises people to invest in “real money,” naming bitcoin as an example.
Robert Kiyosaki, Fed Rate Hikes and U.S. Economy.
Robert Kiyosaki is the author of Rich Dad Poor Dad. He has more to say about America’s economy, and where investors should place their money.
Rich Dad Poor Dad, a book by Sharon Lechter (1997). For six consecutive years, it has been a New York Times Best Seller List. The book has been translated into more than 51 languages in more than 109 different countries.
On Friday, Kiyosaki tweeted that “savers are losers,” elaborating:
Today the U.S. is in debt to 100s of Trillions. REAL INFLATION is 16% and not 7%. U.S. economy will be destroyed if Fed raises interest rates. The biggest loser will be the savers. Real money is what you should be investing in. Gold, silver & bitcoin.
A number of economists, such as those at brokerage firm Nomura Securities, are predicting a 100 bps increase in the Fed’s benchmark short-term rate next week. Investment strategist Ed Yardeni told CNBC Friday that he believes the Fed is “going to come around and conclude that maybe just get it over with, maybe 100 basis points instead of 75 basis points. And then maybe one more hike after that.”
Ark Invest CEO Cathie White and Elon Musk CEO, Tesla, both warned of the dangers associated with a Fed rate rise.
Kiyosaki warned repeatedly that the worst crash in history will occur. Kiyosaki stated in April that all market sectors are at risk. Before, he has suggested gold, silver and bitcoin. Recently, he stated that silver is the best and most cost-effective investment option today, while gold has been criticized.
He urged subscribers of his mailing list to invest in cryptocurrency before the worst crash in history.
Famous author, John Doe, has advised bitcoin investors for a while. For many months, he stated that he waits for crypto’s price to drop before buying. In July, the author revealed that he was waiting on BTC to test $1100. He stated that he is now in cash and ready to buy bitcoin. As of this writing bitcoin trades at $20.103. That’s 6% lower than the seven-day average and 14% less over the 30-day period.
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