The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says that we are in a global recession. Warning of soaring bankruptcies, unemployment, and homelessness, he noted that there is good news for investors looking for “bargains.”
Robert Kiyosaki’s Latest Warnings
The author of Rich Dad Poor Dad, Robert Kiyosaki, is back with more warnings about the U.S. economy and 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 over 51 languages across more than 109 countries.
Kiyosaki tweeted Saturday: “Q: What is worse than a great depression? A: a global recession.” He added:
Unfortunately, we are in global recession. Hang on. Rough landing for world. Bad news. Bankruptcy, unemployment, homelessness soar. Retirements toast.
However, the famed author pointed out there is good news for investors, elaborating: “Bargains [are] everywhere. Gold, silver, bitcoin priceless.”
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. In May, he reiterated: “Bad news. Depression coming.”
The Rich Dad Poor Dad author is not the only one concerned about a global recession. In September last year, the World Bank said the risk of a global recession in 2023 is rising as central banks worldwide simultaneously hike 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 regularly warned about the state of the U.S. economy while recommending investors buy gold, silver, and bitcoin. He often said that he does not trust the Biden Administration, the Treasury, the Federal Reserve, and Wall Street. He stressed that the Fed and the Treasury are destroying the U.S. dollar.
He tweeted on Jan. 14 that bitcoin, gold, silver, and oil are moving up in price, noting: “Good news for those that know inflation is permanent … now systemic … not transitory. Bad news for the uninformed, poor, middle class … anyone who believes Biden cares about 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 BTC plunges. In September, he urged investors to get into crypto now before the biggest economic crash in the world happens.
What do you think about the latest warnings by Rich Dad Poor Dad author Robert Kiyosaki? Let us know in the comments section below.
A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.
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