Robert Kiyosaki, famous author of the bestselling Rich Dad Poor Dad, says a depression and civil unrest are imminent. It also warns that stock and bond markets will collapse. The investment expert says he will buy gold and Bitcoin in this crisis.
On market crashes, depression and civil unrest
Robert Kiyosaki, author of Rich Dad Poor Dad, continues to warn about the US economy. Rich Dad Poor Dad is a 1997 book co-written by Kiyosaki and Sharon Lechter. It has been on the New York Times bestseller list for over six years. More than 32 million copies of the book have been sold in over 109 countries in over 51 languages.
Kiyosaki claimed that liberals and environmentalists were responsible for the drop in oil production, which he said was causing inflation, while incentive controls kept wage workers out of work. He warned of a depression and civil unrest, as well as predicting that the stock and bond markets are collapsing.
The famous writer noted that inflation is killing individuals, even giant companies like Target and Walmart, and shoppers are running out of money. Paul Christopher, head of global market strategy at the Wells Fargo Investment Institute, wrote earlier this month:
Individuals are beginning to reveal the impact of eroding consumer purchasing power.
The Rich Dad Poor Dad author has been warning about imminent depression for some time now. In April, he warned that a depression and hyperinflation was here and advised investors to buy gold, silver and Bitcoin. He tweeted on Friday:
Bad news. Depression is coming.
The investor says he will buy gold and Bitcoin
As we quoted Cryptokoin.com earlier this month, Robert Kiyosaki did not expect a rise in Bitcoin and said He announced that he plans to buy more BTC when there is a new bottom. The famous investor hopes that Bitcoin can fall as low as $ 9,000. “Bitcoin is the future of money,” he wrote in a recent tweet.
Why CRAHES are GOOD: Rich dad taught his son and me “Your profit is made when you buy…not when you sell.” Bitcoin is the future of money. That is why I will back up the truck when the bottom is in. It may be $17k or even lower $11k. Time to get richer is coming. Take care.
— therealkiyosaki (@theRealKiyosaki) May 13, 2022
Kiyosaki also predicted that the US dollar was about to explode earlier this year, predicting that the dollar is about to explode. He stressed that the end had come. “We are in the biggest bubble in world history in March,” he said.
