The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says that we are in a global recession. Warning of rising bankruptcies, unemployment and homelessness, he said there is good news for investors looking for “bargains.”
Robert Kiyosaki’s Last Warnings
Rich Dad Poor Dad author Robert Kiyosaki returns with more warnings about the US economy and the global recession. 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 more than 51 languages in more than 109 countries.
Kiyosaki tweeted on Saturday: “Q: What’s worse than a great depression? A: a global recession”. He added:
Unfortunately, we are in a global recession. hold on. Hard landing for the world. Bad news. Bankruptcy, unemployment, homelessness skyrocket. Retirement toast.
However, the famous author pointed out that there is good news for investors, explaining: “Bargains (are) everywhere. Gold, silver, bitcoin are priceless.
In July of last year, Kiyosaki warned that inflation could lead to further depression, noting that the real estate sector is collapsing and layoffs are beginning. He also warned of hyperinflation and depression in April, predicting that the US dollar is about to implode. In May, he reiterated: “Bad news. Depression is coming.”
The author of Rich Dad Poor Dad isn’t the only one worried about a global recession. In September of last year, the World Bank saying The risk of a global recession in 2023 is increasing as central banks around the world simultaneously raise interest rates in response to inflation. In addition, the International Monetary Fund (IMF) has warned of a difficult year for the world economy.
Kiyosaki has regularly warned about the state of the US economy and has recommended investors buy gold, silver and bitcoin. He often said that he doesn’t trust the Biden Administration, the Treasury, the Federal Reserve and Wall Street. He stressed that the Fed and the Treasury are destroying the US dollar.
He tweeted on Jan. 14 that Bitcoin, gold, silver, and oil are rising in price, noting, “Good news for those who know inflation is permanent…now systemic…not transitory. Bad news for the uninformed, the poor, the middle class…anyone who believes that Biden cares about them and their families.”
The famous author said in December that bitcoin investors will get rich when the Federal Reserve spins up 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 BTC Dips In September, he urged investors to get into crypto now before the world’s biggest economic crisis hits.
What do you think of the latest warnings from Rich Dad, Poor Dad author Robert Kiyosaki? Let us know in the comments section.
image credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or a solicitation of an offer to buy or sell, or a recommendation or endorsement of any product, service or company. bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
