According to Robert Kiyosaki, the best-selling author of Rich Dad Poor Dad, we are in a worldwide recession. He observed that, despite rising bankruptcies, unemployment, and homelessness, there is good news for investors seeking for “bargains.”
The Most Recent Warnings from Robert Kiyosaki
Robert Kiyosaki, the author of Rich Dad Poor Dad, has issued new warnings about the US economy and the global recession. Kiyosaki and Sharon Lechter co-wrote Rich Dad Poor Dad in 1997. It has spent over six years on the New York Times Best Seller List. More than 32 million copies of the book have been sold in more than 51 languages and 109 countries.
Kiyosaki tweeted on Saturday :
Unfortunately, we are in global recession. Hang on. Rough landing for world. Bad news. Bankruptcy, unemployment, homelessness soar. Retirements toast.
However, the renowned author stated that there is good news for investors, elaborating: “Bargains [are] everywhere. Gold, silver, and bitcoin are all priceless.”
Kiyosaki warned in July of last year that inflation could lead to a deeper depression, noting that real estate is collapsing and layoffs are beginning. In April, he also warned of hyperinflation and depression, predicting that the US dollar was about to implode. “Bad news,” he said again in May. “There will be a depression.”
The author of Rich Dad, Poor Dad is not the only one concerned about a global recession. The World Bank warned in September last year that the risk of a global recession in 2023 is increasing as central banks around the world raise interest rates in response to inflation. Furthermore, the International Monetary Fund (IMF) has forecast a difficult year for the global economy.
Kiyosaki has frequently warned about the state of the US economy while advising investors to purchase gold, silver, and bitcoin. He frequently stated his distrust of the Biden Administration, the Treasury, the Federal Reserve, and Wall Street. He emphasized that the Federal Reserve and the Treasury are destroying the US dollar.
He tweeted on Jan. 14 that bitcoin, gold, silver, and oil are moving up in price, noting: “Good news for those that know inflation is permanent … now systemic … not transitory. “This is bad news for the uninformed, the poor, the middle class, and anyone who believes Biden cares about them and their families.”
In December, the famous author predicted that when the Federal Reserve pivots and prints trillions of dollars, bitcoin investors will benefit. He explained in November that he is a bitcoin investor, not a trader, and that when the price of BTC falls, he gets excited. In September, he urged investors to invest in cryptocurrency now, before the world’s largest economic crash occurs.
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