Rich Dad Poor Dad’s Robert Kiyosaki Warns of Stocks and Bonds Crashing — Depression, Civil Unrest Coming

Rich Dad Poor Dad's Robert Kiyosaki Warns of Stocks and Bonds Crashing — Depression, Civil Unrest Coming

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has predicted that a depression and civil unrest are coming. He also warned of the stock and bond markets crashing.

Robert Kiyosaki on Markets Crashing, Depression, and Civil Unrest

The author of Rich Dad Poor Dad, Robert Kiyosaki, has issued more warnings about the U.S. economy. Rich Dad Poor Dad is a 1997 book co-authored 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 51 languages across more than 109 countries.

Kiyosaki claims that liberals and environmentalists are to blame for a reduction in oil production, which he said caused inflation, while stimulus checks paid workers not to work. Besides predicting that the stock and bond markets are crashing, he warned that a depression and civil unrest are coming.

Rich Dad Poor Dad's Robert Kiyosaki Warns of Stocks and Bonds Crashing — Depression, Civil Unrest Coming

The famous author also noted that inflation is killing retailers, even giant corporations like Target and Walmart, noting that shoppers are out of money. “Retailers are starting to reveal the impact of eroding consumer purchasing power,” Paul Christopher, head of global market strategy at Wells Fargo Investment Institute, described earlier this month.

The Rich Dad Poor Dad author has been warning about an imminent depression for quite some time. In April, he cautioned that a depression and hyperinflation are here, advising investors to buy gold, silver, and bitcoin. On Friday, he tweeted:

Bad news. Depression coming.

In April, he explained that bonds are the riskiest investment in a global meltdown. “Tragically rookie investors follow rookie advice of 60 (stocks) 40 (bonds) mix,” he opined.

Earlier this month, he said he remained bullish on bitcoin and is planning to buy more BTC when the bottom is in. He expects it could be as low as $9K. The famous author wrote, “Bitcoin is the future of money.”

Kiyosaki also predicted earlier this year that the U.S. dollar is about to implode, stressing that the end of the dollar is coming. In March, he said we are in the biggest bubble in world history.

What do you think about Robert Kiyosaki’s warnings? Let us know in the comments section below.



from Bitcoin News https://ift.tt/nrCxz9w

Comments

Post a Comment

Popular posts from this blog

L2 Crypto Project Blast Achieves $660M TVL Amid Mockery for Key Developer Recruitment

Image
Recent data reveals that Blast, the new layer two (L2) blockchain platform, has amassed a significant $660 million in value within its decentralized finance (defi) protocol. Concurrently, while accumulating a variety of crypto assets, the initiative has commenced a search for experienced senior blockchain developers. While Amassing $660M, L2 Blast Project Searches for Developers In recent times, Blast has emerged as a focal point of interest. This project, conceptualized by Pacman , the mind behind the non-fungible token (NFT) marketplace Blur, has rapidly gained traction. Within a span of less than a week, the platform’s total value locked (TVL) soared to approximately $400 million. Concurrently, Blast faced allegations of resembling a Ponzi scheme. During this period, Paradigm, a principal investor in the project, admitted that the team had overstepped in certain aspects of communication and implementation. Pacman has also countered the Ponzi scheme allegations and further cl
Read more

Harsh Laws Make Bitcoin Holders Consider Renunciation or Dual Citizenship

Image
As digital currencies become a mainstay in society, a great number of governments have enforced strict tax guidelines, severe money transmission rules, and tough regulations. Because of a few nation-states’ harsh rules against cryptos, there are individuals who plan to renounce their citizenship in order to become stateless. Some people will also attempt to get double-citizenship, as both of these acts may help sovereign individuals avoid government intrusion and theft. Also Read: As FATF Regulations Galvanize, Crypto Mixing Applications Are Targeted A Cryptocurrency Advocate’s Quest for Financial Sovereignty May Involve Hard Choices It’s been close to 11 years since the inception of Bitcoin and during the last few years government agencies and law enforcement have been cracking down on digital currency holders. In certain areas around the world, a few countries have extremely difficult crypto laws and stringent capital gains taxes. Countries like the U.S. have imposed strict regul
Read more

2021 Bitcoin Price Predictions: Analysts Forecast BTC Values Will Range Between Zero to $600K

Image
As bitcoin has touched new price highs on Thursday nearing the $50k handle, people have been curious as to where the price will go in the future. Meanwhile, despite the gains so far, a number of luminaries, analysts, executives, and proponents from the crypto space believe the leading crypto asset will reach between $60k to six-digits this year. Mike Novogratz Predicts $100K Bitcoin: ‘Other CFOs and CEOs Are Saying, What Should We Be Doing?’ Satoshi Nakamoto’s invention has gained mass appeal in recent times as the leading digital asset bitcoin ( BTC ) has reached its highest value ever in 2021. On Thursday morning (EST), BTC spiked to an all-time high (ATH) at $48,697 per unit. Earlier in the morning at around 2 a.m., bitcoin was exchanging hands for $44,485 and saw an 8.98% increase since then. At the time of publication, at 6:30 p.m. (EST) on February 11, 2021, bitcoin (BTC) is swapping for $47,821 per coin. With BTC so close to the $50k mark, people have been forecasting
Read more