Robert Kiyosaki, famous author of the bestselling Rich Dad Poor Dad, says a depression and civil unrest are imminent. It also warns that stock and bond markets will collapse. The investment expert says he will buy gold and Bitcoin in this crisis.
Robert Kiyosaki, author of
Rich Dad Poor Dad, on market crashes, depression and civil unrest continues to warn about the US economy. Rich Dad Poor Dad is a 1997 book co-written by Kiyosaki and Sharon Lechter. It has been on the New York Times bestseller list for over six years. More than 32 million copies of the book have been sold in over 109 countries in more than 51 languages.
Kiyosaki claims that liberals and environmentalists are responsible for the drop in oil production, which he says caused inflation, while incentive controls kept wage workers out of work. He warned that there was a depression and civil unrest, as well as predicting that the stock and bond markets were collapsing.
The famous writer noted that inflation is killing individuals, even giant companies like Target and Walmart, and shoppers are running out of money. Paul Christopher, head of global market strategy at the Wells Fargo Investment Institute, wrote earlier this month:
Individuals are beginning to reveal the impact of eroding consumer purchasing power.
The Rich Dad Poor Dad author has been warning about imminent depression for some time now. In April, he warned that a depression and hyperinflation was here and advised investors to buy gold, silver and Bitcoin. He tweeted on Friday:
Bad news. Depression is coming.
Investment expert says he will buy gold and Bitcoin
As we quoted by Kriptokoin.com, Robert Kiyosaki announced earlier this month that he does not expect a rise in Bitcoin and plans to buy more BTC when there is a new bottom. The famous investor hopes that Bitcoin can drop to $ 9,000. “Bitcoin is the future of money,” he wrote in a recent tweet.
Kiyosaki also predicted that the US dollar was about to explode earlier this year, predicting that the dollar is about to explode. He stressed that the end had come. “We are in the biggest bubble in world history in March,” he said.
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