Famous writer Robert Kiyosaki warns that current inflation will lead to the “great depression”. He adds that the real estate market is collapsing and foreclosures have increased by 700% compared to last year. Kiyosaki, who is also a finance expert, says that he will buy gold and these in this environment…
Robert Kiyosaki’s depression warnings
Robert Kiyosaki, author of Rich Dad Poor Dad, on Wednesday voiced his new concerns about the US economy. The book “Rich Dad Poor Dad” is a 1997 book co-written by Kiyosaki and Sharon Lechter. It has been on the New York Times bestseller list for over six years. More than 32 million copies of the book have been sold in over 109 countries in over 51 languages.
The financial expert has been warning for some time that the current inflation will lead to the “great depression”. He made this warning very clearly in a tweet dated July 20:
Warning: Inflation can lead to Greater Depression.
The famous writer adds that real estate has collapsed, foreclosures have increased by 700% compared to last year and layoffs have begun.
Recent statements aren’t Robert Kiyosaki’s first warnings of the impending depression
Warnings made by the famous writer in August 2020:
Every 90 years, a major stock market crash followed by a depression. We saw the great depression 90 years ago, 1929, then 25 years to 1954. Will history repeat itself? I believe it will.
Kiyosaki predicted that the US dollar was about to explode in April, warning of hyperinflation and depression. In May, he reiterated their call:
Bad news. Depression is coming.
In another tweet, he warned that stocks and bonds were collapsing. He also stressed that came depression and civil unrest.
Robert Kiyosaki says he will buy gold and silver
The famous writer said last week that he is in a pending cash position to buy real estate and Bitcoin, emphasizing that asset prices have fallen. Waiting for BTC to bottom before buying more. He even announced last month that he expects Bitcoin to test $1,100 to buy more. Kiyosaki says he will buy gold and silver under these conditions.
cryptocoin.comAs you follow, Robert Kiyosaki says he expects Bitcoin price to test $1,100. Specifically, in his June 27 tweets, he said he expects BTC to test $1,100. He also stated that he would buy more if the price improves again.
Meanwhile, many on Twitter disagreed with Kiyosaki that Bitcoin would see $1100. Some thought the expert had made a typo. The community actually thought he meant $11,000. However, Kiyosaki was already saying that he expected a long decline in Bitcoin.
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