The bestselling author of Rich Dad, Poor Dad, Robert Kiyosaki, has warned that the US is “sliding into depression.” According to him, a massive crash is on the way, followed by “a new depression.” Bitcoin is one of his wise investment recommendations.
Following a “giant crash,” renowned author and investor Robert Kiyosaki has warned of yet another downturn in the United States.
Kiyosaki and Sharon Lechter co-authored Rich Dad Poor Dad in 1997. For nearly six years, it has been on the New York Times bestselling list.
The book has been sold in more than 109 countries and has been translated into more than 51 languages.
KIYOSAKI SEES POTENTIAL ECONOMIC CRASH IN NEAR FUTURE
The United States is “sliding into depression,” according to the famed novelist, who tweeted on Friday.
He accused President Joe Biden and the Federal Reserve of “scamming people,” claiming that “inflation is needed to avoid another depression.” “Inflation is ripping the poor away,” Kiyosaki said. Inflation enriches the wealthy.
Inflation has been a source of anxiety for a number of people. Senator Rick Scott (R-Fla.) said on Fox News on Sunday that Americans should be outraged at how Democrats manage their money, and that President Joe Biden’s Build Back Better initiative will only worsen inflation. The country is “ridiculous.”
Further Kiyosaki put some stats about how inflation going to affect people and warns investors to use their “Financial IQ” on Twitter.
For a long time, Kiyosaki has been advocating BTC to investors. “I love bitcoin because I don’t trust the Fed, the Treasury, or Wall Street,” he remarked earlier this month.
“A very bright future,” Kiyosaki tweeted after the price of Bitcoin surpassed $ 60,000. Enjoy yourself, but be cautious. Before I invest more, I’m waiting for a drop. In August, he declared bitcoin to be the “most beneficial” investment.
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