The famous author of the best-selling Rich Dad Poor Dad Robert Kiyosaki says hyperinflation and depression are here. He also warned that the biggest bubble burst is coming, advising investors to buy gold, silver and bitcoin.
Robert Kiyosaki’s latest warning
Robert Kiyosaki, author of “Rich Dad Poor Dad,” issued a series of warnings about the U.S. economy on Friday.
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 that the Wile E. Coyote moment and the biggest bubble burst is coming. Claiming that hyperinflation and depression are here, the renowned author recommends buying gold, silver and bitcoin “before the coyote wakes up.”
The author of “Rich Dad Poor Dad” believes that baby boomers’ pensions will be “stolen” and that $10 trillion in fake money spending is coming to an end. He called the U.S. government, Wall Street and the Federal Reserve thieves.
In addition, Kiyosaki tweeted earlier this month: “The repo market reversed. The last time this happened was in 2008… In 2008 I borrowed $300 million to buy quality real estate cheaply. The time has come again. It’s time to be smart, not greedy.” Emphasizing that weak businesses and greedy investors will fail, the famous author wrote:
Beware. Recession and collapse are coming.
A growing number of economists and forecasters now say the U.S. economy is on the verge of a recession as the Federal Reserve continues to battle the highest inflation in more than 40 years.
For example, JPMorgan Chase CEO Jamie Dimon said this week that the risk of the Fed pushing the U.S. economy into a recession is rising. Former Treasury Secretary Larry Summers also said a recession was the “most likely” outcome for the U.S. economy, not a soft landing.
Last October, Jack Dorsey, CEO of Block Inc. and former CEO of Twitter Inc., predicted that hyperinflation would soon occur in the United States and around the world. Recently, Ricardo Salinas Priego, Mexico’s third-richest billionaire, also warned about severe dollar inflation. He recommends buying Bitcoin.
In addition, Kiyosaki has repeatedly warned of massive crashes. He predicted a “huge stock market crash” in October, noting that the U.S. would be plunged into a new depression after the crash. He further warned that we are in the biggest bubble in the history of the world.
Last month, the author of “Rich Dad Poor Dad” said the dollar was about to implode, advising investors to buy more gold, silver, bitcoin, ethereum and solana. He emphasized that the world is in trouble and the U.S. national debt is soaring.
That same month, Kiyosaki warned that the government would confiscate all cryptocurrencies. Still, he predicted the end of the dollar, noting that the Russia-Ukraine war is making cryptocurrencies a safer haven than the government’s “fake fiat currency.”
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