The best-selling author of Rich Dad, Poor Dad, Robert Kiyosaki, has warned that the United States is “falling into despair.” He claims that a massive crash is on the way, followed by “a new depression.” Bitcoin is one of his wise investment recommendations.
Robert Kiyosaki Predicts a Massive Crash, Then a New Depression
Robert Kiyosaki, a well-known author and investor, has predicted a new downturn in the United States as a result of a “great crash.” Kiyosaki and Sharon Lechter co-authored Rich Dad Poor Dad in 1997. For nearly six years, it has been on the New York Times Best Seller List. The book has been sold in more than 109 countries and has been translated into 51 languages.
The United States is “falling into sadness,” according to the famed novelist, who tweeted on Friday. He claimed that President Joe Biden and the Federal Reserve are “robbing people,” adding that they “need inflation to avoid a new depression.” “Inflation tears off the poor,” Kiyosaki said. Inflation increases the wealth of the wealthy. Biden and the Fed are both corrupt.” He went on to say:
“Prepare: Giant crash then new depression. Be smart: Buy, gold, silver, bitcoin”
Inflation has been a source of anxiety for a number of people. Senator Rick Scott (R-Fla.) remarked on Fox News Sunday that Americans should be outraged at how Democrats handle their money, and that President Joe Biden’s Build Back Better agenda will simply exacerbate the country’s “ridiculous” inflation.
“If you look at what they’re talking about with this — whatever bill they’re talking about — it’s only going to produce more inflation… Consider the impact on poor families in this country, where petrol costs have increased by 55 percent. Go to the supermarket; food prices have risen. He opined, “It’s all because of government expenditures.”
This is not the first time Kiyosaki has warned that a major accident is about to happen. In September, he said: “A massive stock market crash next October. Why? The Treasury and the Fed ran out of Treasury bills. He noted at the time that “gold, silver, bitcoin could also crash,” adding that silver was “the best way to get good business after the crash.” The famous author points out that he does not sell gold, silver or bitcoin. Kiyosaki has been recommending BTC to investors for a while. Earlier this month, he said, “I love bitcoin because I don’t trust the Fed, the Treasury, or Wall Street.” As BTC price exceeded $60,000, Kiyosaki tweeted, “The future is very bright. Celebrate but be careful. I’m waiting for a step back before investing more. In August, he said bitcoin is the investment that offers “the greatest return.”
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