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Celebrity bestseller Robert Kiyosaki, poor dad, says we're in a global recession. Warning of the spike in bankruptcies, unemployment and homelessness, he said there is good news for investors looking for "bargains".
The final warnings from Robert Kiyosaki.
Rich Dad Poor Dad's author, Robert Kiyosaki, returns with new cautions about the U.S. economy and the global recession. Papa Rich Papa Poverty is a book co-written in 1997 by kiyosaki and sharon lechter. He's been on the best-selling list of the New York Times for more than six years. More than 32 million copies were sold in over 51 languages in more than 109 countries around the world.
Kiyosaki tweeted on Saturday: "q: what's worse than a serious depression? A: A worldwide recession." He added:
Unfortunately, we are in global recession. Hang on. Hard landing for the globe. Bad news. Bankruptcy, joblessness, the homeless. Retirements toast.
However, the well-known author emphasized that there is good news for investors, elaborating: "good deals [are] everywhere. Gold, money, invaluable bitcoin."
In July last year, Kiyosaki cautioned that inflation may lead to greater depression, noting that real estate is crashing and layoffs are starting. He also warned about hyperinflation and depression in April, predicting that the U.S. dollar is about to implode. Last May, he said, "Bad news. Depression coming.”
Rich Dad's author Poor Dad is not alone in his preoccupation with a global recession. In September of last year, the risk of a worldwide recession in 2023 increases as central banks around the world raise interest rates in response to inflation. In addition, the International Monetary Fund (IMF) has warned of a tough year ahead for the world economy.
Kiyosaki has consistently warned against the state of the United States economy while recommending that investors buy gold, silver and bitcoin. He has often said that he does not trust the Biden government, the Treasury, the Federal Reserve and Wall Street. According to him, the Fed and the Treasury have destroyed the American dollar.
He tweeted on Jan. 14 that bitcoin, gold, silver and oil are rising in price, noting: "good news for those who know that inflation is ongoing ... now systemic ... not transient. Bad news for the poor, the poor, the middle class... anyone who thinks that Biden cares for them and their families."
The famous author said in December that bitcoin investors will get richer when the Federal Reserve pivots and prints trillions of dollars. He explained in November that he is a bitcoin investor, not a trader, so he gets excited when the price of plunges. In September, he urged investors to get into crypto now before the biggest economic crash in the world happens.
What do you think of the last warnings of papa rich poor papa writer robert kiyosaki? Please let us know in the comments below.
