Latest Posts

Rich Dad Poor Dad’s Robert Kiyosaki Warns Inflation May Lead to Greater Depression

- Advertisement -


Noted best-selling author of Rich Dad Poor Dad, Robert Kiyosaki, has warned that the current inflation could lead to a “Great Depression.” he added that real estate is failing and foreclosures are up 700% from last year.

Robert Kiyosaki’s Depression Warnings

- Advertisement -

Rich Dad Poor Dad author Robert Kiyosaki on Wednesday raised new concerns about the state of the US economy. Rich Dad Poor Dad is a 1997 book co-written by Kiyosaki and Sharon Lecter. It was on the New York Times bestseller list for over six years. The book has sold over 32 million copies in over 51 languages ​​in over 109 countries.

- Advertisement -

He tweeted: “Warning: inflation could lead to a Great Depression.” The well-known writer added that real estate is failing, foreclosures are up 700% from last year, and layoffs are starting.

- Advertisement -

Robert Kiyosaki of Rich Dad Poor Dad warns that inflation could lead to more depression

This was not the first time Kiyosaki had warned of the coming Great Depression. “Every 90 years there is a giant stock market crash followed by a depression. 90 years ago was 1929, followed by [the] The Great Depression lasted 25 years until 1954,” he tweeted in August 2020, adding:

Will history repeat itself? I think so.

Kiyosaki warned of hyperinflation and depression in April, predicting that the US dollar was about to collapse. In May, he repeated: “Bad news. Depression is coming.” In another tweet, he warned that stocks and bonds were falling, stressing that depression and civil unrest were coming.

Last week, the author of Rich Dad Poor Dad said he had money waiting to buy real estate and bitcoin, stressing that asset prices are falling. He was waiting BTC to the bottom before buying more. Last month, he revealed that he was waiting for the price of the largest cryptocurrency to test $1,100 in order to buy more.

What do you think of Robert Kiyosaki’s warnings? Let us know in the comments below.

Denial of responsibilityA: This article is for informational purposes only. This is not a direct offer or solicitation to buy or sell, nor is it a recommendation or endorsement of any products, services or companies. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is directly or indirectly liable for any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods or services mentioned in this article.



Credit : news.bitcoin.com

- Advertisement -

Latest Posts

Don't Miss