Businessman and author of the popular finance book “Rich Dad Poor Dad” Robert KiyosakiHe stated that there may be a great depression on the horizon for the USA. Kiyosaki also gave information about his investments.
As we reported on Koinfinans.com, Kiyosaki, rising debt globally and geopolitical tensions between Russia and Ukraine could precipitate a major economic downturn.
“Everything turns into a bubble, a “crisis of everything”. Could this be the beginning of the greatest depression ever? I’m worried.”
In a new interview with Cambridge House International CEO and chairman Jay Martin, Kiyosaki said that inflation is making things worse for the poor and middle class.
“I think people are opening their eyes that inflation is here and that inflation may be permanent. The problem with inflation is that my personal point is it makes the rich richer but it makes the poor poorer, literally poorer. So the middle class is most affected, and that’s what interests me…”
He added that he invested heavily in oil to hedge against inflation.
“I am an oil person. I have a lot of oil… I don’t know if you know this, but oil provides fertilizer and fertilizer is what makes crops grow. So you’re going to see food prices go up and the cost of getting food to supermarkets and all that worse.”
Finally, Kiyosaki stated that while the US dollar is losing its purchasing power, gold, silver and Bitcoin (BTC) are also in an uptrend.
“I am very optimistic about gold. I’m in control of tons of gold, not just ounces. Because to me, gold is money since God came, gold and silver are God’s money, Bitcoin is people’s money.”
You can check the price movements here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.