“We’re sinking into despair,” according to best-selling author Robert Kiyosaki of Rich Dad, Poor Dad. Then there would be “a new slump,” he said following the next big collapse. He recommends bitcoin as an investment because it’s a sensible one.
Robert Kiyosaki, a well-known author, and investor have predicted a new American downturn after a “great collapse.” Kiyosaki and Sharon Lechter collaborated on the book Rich Dad, Poor Dad in 1997. This book has spent over six years as a New York Times bestseller. A total of 32 million copies in 51 different languages and 109 different countries have been sold.
As the well-known author said on Friday, the United States is “disintegrating into despair.” They “need inflation to avert fresh depression,” according to the vice president and the Federal Reserve Board. According to Kiyosaki, inflation hurts the poor the most. Inflation increases the wealth of the already wealthy. “Biden and the Federal Reserve are both crooked.” He went on to say:
Inflation has been a source of anxiety for a lot of individuals. Democratic money management, Senator Rick Scott (R-Fla.) stated on Fox News Sunday, should make people angry. He also suggested Joe Biden’s Build Back Better plan will simply aggravate the country’s “ridiculous” inflation.
What they’re talking about — whatever the law is — will only lead to further inflation, according to economists. Gas costs have risen by 55 percent, which has a significant impact on low-income people in the United States. Shop at the supermarket; food costs have risen. Everything is due to government expenditure, he said.
Kiyosaki has previously warned of a severe market meltdown. He predicted a “giant stock market meltdown” for October in September. Why? T-bills are scarce in the Treasury and Federal Reserve systems.” Gold, silver and bitcoin might all drop at the same moment, he said, therefore cash is better for scooping up bargains after a crash. According to the renowned author, he does not deal in precious metals like gold, silver, or bitcoin.
For quite some time, Kiyosaki has been suggesting BTC to potential investors. I adore bitcoin because I don’t trust the Federal Reserve, the Treasury, or Wall Street.”
The future looks extremely bright, as Kiyosaki tweeted after Bitcoin’s price surpassed $60,000. While it’s fun to celebrate, proceed with caution. Before making any more investments, I want to see whether there is a decrease in the market price.” According to him, bitcoin was the investment with “the highest upside,” as he said in August of this year.
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