Robert Kiyosaki, the bestselling author of Rich Dad Poor Dad, has warned that the United States is “sliding into depression.” He said that a giant crash is coming, after which “a new depression” will follow. Bitcoin is among his recommendations for smart investing.
Robert Kiyosaki sees a giant crash coming, followed by a new depression
Renowned author and investor Robert Kiyosaki has warned of yet another depression in the United States following a “giant crash”. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in more than 51 languages in more than 109 countries.
The famous author tweeted Friday that the U.S. is “sliding into depression.” He said President Joe Biden and the Fed are “scamming people”, noting that they “need inflation to avoid another depression.” Kiyosaki stressed, “Inflation is ripping the poor away. Inflation makes [the] richer richer. Biden and Fed corrupt.” He continued:
Prepare yourself: Giant crash then new depression. Be smart: buy gold, silver, bitcoin.
A number of people have expressed similar concerns about inflation. Sen. Rick Scott (R-Fla) told Fox News on Sunday that Americans should be furious with the way Democrats manage their money, adding that President Joe Biden’s Build Back Better program will only make inflation worse. “ridiculous” of the country.
“If you look at what they’re talking about with this — name whatever the bill is — all it’s going to do is cause more inflation …Look what it does to poor families in this country, with prices of gasoline up 55%. Go to the grocery store, food prices are on the rise. Everything is caused by government spending, ”he said.
This is not the first time Kiyosaki has warned that a major crash is coming. In September, he said: “Giant stock market crash coming October. Why? The Treasury and the Fed run out of Treasuries. He noted at the time that “gold, silver, bitcoin can also collapse”, adding that silver is “the best for good business after [the] crash. ”The famous author pointed out that he does not sell gold, silver or bitcoin.
Kiyosaki has been recommending BTC to investors for quite some time. Earlier this month, he said: “I love bitcoin because I do not trust Fed, Treasury, or Wall Street.”
When the price of BTC exceeded $ 60,000, Kiyosaki tweeted, “A very bright future. Celebrate but be careful. I am waiting for a pullback before investing more.” In August, he said bitcoin was the investment with “the greatest upside.”
