The celebrated writer of the best-selling publication Rich Dad Poor Dad, Robert Kiyosaki, says that we are successful a planetary recession. Warning of soaring bankruptcies, unemployment, and homelessness, helium noted that determination is bully quality for investors looking for “bargains.”
Robert Kiyosaki’s Latest Warnings
The writer of Rich Dad Poor Dad, Robert Kiyosaki, is backmost with much warnings astir the U.S. system and planetary recession. Rich Dad Poor Dad is simply a 1997 publication co-authored by Kiyosaki and Sharon Lechter. It has been connected the New York Times Best Seller List for implicit six years. More than 32 cardinal copies of the publication person been sold successful implicit 51 languages crossed much than 109 countries.
Kiyosaki tweeted Saturday: “Q: What is worse than a large depression? A: a planetary recession.” He added:
Unfortunately, we are successful planetary recession. Hang on. Rough landing for world. Bad news. Bankruptcy, unemployment, homelessness soar. Retirements toast.
However, the famed writer pointed retired determination is bully quality for investors, elaborating: “Bargains [are] everywhere. Gold, silver, bitcoin priceless.”
In July past year, Kiyosaki cautioned that ostentation whitethorn pb to greater depression, noting that existent property is crashing and layoffs are starting. He besides warned astir hyperinflation and depression successful April, predicting that the U.S. dollar is about to implode. In May, helium reiterated: “Bad news. Depression coming.”
The Rich Dad Poor Dad writer is not the lone 1 acrophobic astir a planetary recession. In September past year, the World Bank said the hazard of a planetary recession successful 2023 is rising arsenic cardinal banks worldwide simultaneously hike involvement rates successful effect to inflation. In addition, the International Monetary Fund (IMF) has warned of a tough year up for the satellite economy.
Kiyosaki has regularly warned astir the authorities of the U.S. system portion recommending investors bargain gold, silver, and bitcoin. He often said that helium does not spot the Biden Administration, the Treasury, the Federal Reserve, and Wall Street. He stressed that the Fed and the Treasury are destroying the U.S. dollar.
He tweeted connected Jan. 14 that bitcoin, gold, silver, and lipid are moving up successful price, noting: “Good quality for those that cognize ostentation is imperishable … present systemic … not transitory. Bad quality for the uninformed, poor, mediate people … anyone who believes Biden cares astir them and their families.”
The celebrated writer said successful December that bitcoin investors volition get richer erstwhile the Federal Reserve pivots and prints trillions of dollars. He explained successful November that helium is simply a bitcoin investor, not a trader, truthful helium gets excited erstwhile the terms of BTC plunges. In September, helium urged investors to get into crypto now earlier the biggest economical clang successful the satellite happens.
What bash you deliberation astir the latest warnings by Rich Dad Poor Dad writer Robert Kiyosaki? Let america cognize successful the comments conception below.
Kevin Helms
A pupil of Austrian Economics, Kevin recovered Bitcoin successful 2011 and has been an evangelist ever since. His interests prevarication successful Bitcoin security, open-source systems, web effects and the intersection betwixt economics and cryptography.
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