Rich Dad Poor Dad’s Robert Kiyosaki Changes His Mind About National Debt – Says ‘It’s Time To Open My Closed Mind’ – Bitcoin News

Robert Kiyosaki, famous author of the best-selling book “Rich Dad Poor Dad,” says that after listening to economist Harry Dent, it’s time to open up his closed minds. Although he has repeatedly said he does not invest in anything printed by the Fed or Wall Street, he is still buying 2-year Treasury bonds.

Robert Kiyosaki, influenced by Harry Dent, buys US Treasuries

“Rich Dad Poor Dad” author Robert Kiyosaki is opening his “closed mind” and buying 2-year U.S. Treasuries after listening to economic forecaster Harry Dent.

Rich Dad Poor Dad is a 1997 book by Kiyosaki and Sharon Lechter. It has been on the New York Times bestseller list for over six years. The book has sold over 32 million copies in over 51 languages ​​in over 109 countries.

Kiyosaki tweeted on Tuesday:

Open my closed mind. I don’t invest in print from the Fed or Wall Street. It’s time to open up. After listening to Harry Dent’s talk, I’m buying US 2-year Treasury bonds.

His tweet drew a lot of criticism. It was pointed out that Harry Dent has been saying the same thing for years. Another reminded famous author Dent that he does not recommend 2-year bonds, noting that economic forecasters say he prefers longer-term bonds, such as 20 or 30 years.

Some have questioned Kiyosaki’s decision to invest in low-yield bonds. “Why buy Treasuries yielding 3% when real inflation is still over 17%? Also, like all paper assets, U.S. Treasuries are pegged to the dollar, and the ongoing paradigm shift is the end of dollar hegemony. IMO, Stick to your original and ongoing advice on physical gold and silver.”

Kiyosaki’s Wednesday tweet also referenced a prediction by Jim Rickards, author of the national bestseller “Currency Wars: The Making of the Next Global Crisis.” Rich Dad Poor Dad author writes:

Jim Rickards calls for the biggest crash in history on September 21, 2022.

Some people on Twitter commented on Rickards’ prediction. “Jim Rickards has been calling for the biggest crash in history every week for years,” one of them replied to Kiyosaki. Another stressed: “Announcing a crash ahead of an accurate forecast date is purely hype-driven entertainment designed to capitalize on the sentiment of influential novice investors.”

A third person commented that the Federal Open Market Committee (FOMC) will meet on September 21 and Fed Chairman Jerome Powell may raise interest rates again. The Twitter user noted that Powell could raise rates “beyond market expectations” and suggested Sept. 22 is “more likely to be a crash day.”

Kiyosaki has said for years that he does not trust the Federal Reserve, the U.S. Treasury Department and the Biden administration. He said in May that the U.S. was led by three puppets: Biden, Treasury Secretary Janet Yellen and Federal Reserve Chair Jerome Powell.

The famous writer recently mocked President Joe Biden’s claim to zero inflation, saying: “I think Joe is talking about his financial IQ.” Kiyosaki had previously warned that inflation could lead to the Great Depression.

He warned in February that the Fed and the Treasury were “destroying the dollar and sending billions of dollar savers into financial hell” and advised investors to buy gold, silver and bitcoin. The Rich Dad Poor Dad author has also been saying that he is waiting for BTC to bottom out to buy some. He revealed last month that he was in a cash position waiting to buy cryptocurrencies.

In July, he said silver was the best investment value, noting that gold costs over $1,700, but you can buy a silver coin for $25. “Silver is an industrial precious metal. Gold is not,” he stressed. Kiyosaki also warned of the biggest bond crash since 1788, adding that he is “buying more gold, silver now and waiting for bitcoin to go lower.”

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How do you feel about Robert Kiyosaki changing his mind about investing in Treasuries after hearing from economist Harry Dent? Let us know in the comments section below.

Kevin Helms

As an Austrian economics student, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects, and the intersection between economics and cryptography.

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