Famous finance writer, known for his book “Rich Dad Poor Dad” Robert KiyosakiHe is also known for sharing his views on the global economy. Kiyosaki, who came to the fore with his controversial comments from time to time, once again drew attention with his new comments.
At the center of Kiyosaki’s comments are the warning of a potential economic collapse and advice on how investors can protect themselves.
Inflation is a Systemic Thing
First of all, Kiyosaki warned about the inflation situation in the USA and drew attention by describing it as “systemic” rather than a temporary situation as claimed by the Federal Reserve.
In this situation, Kiyosaki urged citizens to prepare themselves for the ever-increasing prices in the coming years. Kiyosaki also criticized Fed Chairman Jerome Powell, stating that he lied while reassuring the public that inflation was temporary.
Writer; “Inflation is now systemic. Next year you will pay much more than we paid. Powell, who is the Fed Chairman today, was lying when he said that inflation is temporary.
The Interest Rate and the Collapse of the Dollar
Kiyosaki also cites rising inflation as a possible trigger of economic collapse and Fedaccuses of worsening the situation through continued interest rate hikes and increased money printing as a catalyst.
Criticizing the Fed’s decision to raise interest rates, the author predicts that it will result in the collapse of stocks, bonds, real estate and the US dollar. Seeing that the next financial crash will also result from the derivatives market, the author even made comments so far as to argue that US financial sector leaders might not be acting in the best interests of Americans.
In this context, Kiyosaki talks about the currency as ‘fake money’ while arguing that the dollar is doomed to fall to zero.
The Fed is a Marxist Organization
Aside from his interesting and extreme comments, Kiyosaki’s comments describing the Fed as Marxist became one of the most talked about comments in the industry. Writer, bitcoinIt prioritizes the ‘i as a body that oversees the Fed.
He believes that the blockchain technology underlying Bitcoin can provide the necessary transparency and accountability to tackle central banks. The investor suggests that Bitcoin’s “revolution will be bigger than the gunpowder revolution.”
Overall, Kiyosaki argues that investors should expect an imminent economic collapse, while urging investing in safe assets for protection. This is why Kiyosaki advocates investing in Bitcoin, gold and silver.
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