Robert Kiyosaki is the famous author of Rich Dad Poor Dad. He predicted that civil unrest and depression would soon follow. He also predicted the collapse of bond and stock markets.
Robert Kiyosaki: Markets Crashing and Civil Unrest
Robert Kiyosaki (author of Rich Dad Poor Dad) has warned more about the U.S. economic situation. Rich Dad Poor Dad was co-authored in 1997 by Kiyosaki, Sharon Lechter and others. For six years, it has been on The New York Times Best Sellers List. The book has been translated into more than 51 languages in over 109 countries.
Kiyosaki believes that environmentalists and liberals are responsible for the decline in oil production. He also claims that this has caused inflation. However, stimulus checks have paid workers to stop working. He predicted that the stock and bond market would crash and warned of civil unrest and depression.
Famous author, Paul Christopher, also pointed out that inflation is killing retailers, including giant corporations like Target or Walmart. He said that consumers are running out of money. Paul Christopher, global market strategy head at Wells Fargo Investment Institute, stated earlier this month that retailers are beginning to see the effects of consumer buying power eroding.
Since April, the Rich Dad Poor Dad author has warned of a possible depression. He warned in April that depression and hyperinflation were here and advised investors to invest in gold, silver and bitcoin. He tweeted Friday:
This is bad news. Coming Depression
He explained in April that bonds were the most risky investment during a global meltdown. He stated that “Tragically, rookie investors follow rookie advice 60 (stocks), 40 (bonds), mix.”
He stated earlier this month that he remains bullish on bitcoin, and plans to buy more BTC once the bottom is in. It could drop to $9K, he believes. According to a famous author, Bitcoin is the future of money.
Kiyosaki predicted that the U.S. Dollar would implode earlier in the year, and that the end to the dollar was coming. He stated that we are currently in the largest bubble in global history in March.
