Robert Kiyosaki, who has long warned about an approaching economic depression and said to ‘buy gold and Bitcoin’, shared the markets that he expects to collapse this time.
“Buy gold and Bitcoin, they will collapse”
Robert Kiyosaki, author of Rich Dad Poor Dad, warned that stocks, bonds, real estate and the US dollar would collapse as the Fed raises interest rates. Kiyosaki predicts that the next crisis will be the “$1 quadrillion derivatives market.” He tweeted the following on Thursday:
Raising interest rates will crash stocks, bonds, real estate and the US dollar. Next crash: $1 quadrillion derivatives market. $1 quadrillion, $1 billion.
cryptocoin.comAs you follow, the Fed increased interest rates by 25 basis points on Wednesday. While some experts expect the Fed to start cutting interest rates soon, Fed Chairman Jerome Powell said rate cuts are not in the Fed’s baseline scenario.
Robert Kiyosaki warns of impending economic depression
Kiyosaki warned that a “collapse is imminent” and the end of the U.S. dollar is coming, describing the U.S. dollar as “fake money”, with the start of bank bailouts after the collapse of banks in recent weeks.
The famous author predicted that the world economy is on the verge of collapse, waiting for bank runs, frozen savings and bank bailouts. In February, he said everything would collapse and warned earlier this year that we are in a global recession and that bankruptcies, unemployment and homelessness will increase.
Gold and buy them
Robert Kiyosaki thinks that in times of economic crisis, people should buy Bitcoin, physical gold and silver to hedge their risks. Kiyosaki has long emphasized the resilience of these three assets during periods of collapse. In his latest tweet, he reiterated his call by encouraging people to invest in these assets:
SILICON Valley Bank –SILVERGATE Bank- SIGNATURE Bank. They went bankrupt. Collapse and Crisis is just beginning. Pensions, IRAs, 401k Woke up in bankruptcy. Get more Bitcoin, physical gold and silver.
Robert Kiyosaki is a writer and speaker who makes many financial predictions and is often quite accurate. His predictions, especially before and during the 2008 financial crisis, have mostly come true and have given many people ideas to prepare for the crisis. Kiyosaki is the author of Rich Dad Poor Dad and co-author of the 1997 New York Times bestseller. The book has sold over 32 million copies in 51 different languages and 109 countries.
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