Robert Kiyosaki, the famous author of “Rich Dad Poor Dad”, one of the best-selling books, shared his latest market comment. He warned that entire markets, especially real estate, equities, gold, silver and Bitcoin, were collapsing. Kiyosaki spoke about his earlier prediction of a crash greater than the 2008 financial crisis. He said that the collapse is coming and that “millions of them will perish”. Here are the details…
Robert Kiyosaki predicted market crashes
Robert Kiyosaki, author of Rich Dad Poor Dad, is back with dire warnings about market crashes. Rich Dad Poor Dad is a 1997 book co-written 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 over 109 countries in over 51 languages. Kiyosaki announced in a tweet on Friday that every market is collapsing and the middle class will be destroyed by “high oil inflation.” Kiyosaki used the following statements:
All markets are crashing: real estate, stocks, gold, silver, Bitcoin. The middle class was destroyed by high oil inflation.
He detailed that 2008 was a great time to get rich as everything was “on sale”. He pointed to the prediction of a larger collapse outlined in his book. “That collapse is here. Millions will perish,” he said. Kiyosaki urged his 2 million Twitter followers not to be among the “destroyed”. He added that it’s time for followers to “get rich”. “It’s not what’s in your wallet… what’s in your head matters,” she explained last week. “First change your mind…then get rich,” he added.
Author recommends gold, silver and Bitcoin
The famous writer warned of market crashes several times. Recently, he noted that stocks and bonds were collapsing. He predicted the biggest bond crash since 1788. He claimed that a depression and civil unrest was coming. Therefore, he also warned that inflation could lead to a new Great Depression. He announced that he had changed his mind on treasury bills after hearing economist Harry Dent last week. Rich Dad Poor Dad author emphasized that the US dollar is dying.
As we have reported as Kriptokoin.com, it has been recommending investors to buy gold, silver and Bitcoin for a while. He said in July that silver is the best investment value today. Also, Kiyosaki is waiting to buy Bitcoin at a lower price. In June, he said he expects the cryptocurrency to test $1,100 before buying it. He noted that he was in a pending cash position to buy BTC in July. This week, BTC fell below $20,000. Currently, Bitcoin is trading at $19,629, down over 9 percent in the past seven days.
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