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Robert Kiyosaki, renowned author of the best-selling “Rich Dad Poor Dad,” warns that all markets are crashing, specifically naming real estate, stocks, gold, silver and bitcoin. . Referring to his earlier predictions of a bigger crash than during the 2008 financial crisis, Kiyosaki said: Millions will be wiped out.
Rich Dad Poor Dad author Robert Kiyosaki is back with dire warnings about market crashes. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lecter. He has been on the New York Times bestseller list for over six years. The book has sold over 32 million copies in over 109 countries and in over 51 languages.
In a tweet on Friday, Kiyosaki said all markets were crashing and the middle class would be wiped out by “rising oil inflation.” he wrote:
All markets are crashing: real estate, stocks, gold, silver, bitcoin. The middle class was wiped out by rising oil inflation.
On Sunday, he followed up with a tweet referencing a book he published in October 2013.
He detailed that 2008 was a great time to get rich because everything was “for sale.” Noting the larger crash prediction outlined in his book, the famous author writes: Millions will be wiped out.
Kiyosaki has urged his two million Twitter followers not to be wiped out, adding that it’s time to “get richer.” Last week, he explained, “It’s not what’s in your wallet, it’s what’s in your head.” emphasized.
Famous authors have warned of market crashes several times. he recently Biggest bond crash Since 1788, Stocks and bonds crashArguing that recession and social unrest were coming, he further warned that inflation could lead to the Great Depression.
Last week he revealed that he had changed his mind government bond After listening to economist Harry Dent.Rich Dad Poor Dad Author Has Encouraged Investors To Buy gold, silver, bitcoin For quite some time, I have emphasized that the US dollar is dying. in July, he said. Silver It was the best investment value today.
Kiyosaki was also waiting buy bitcoin at a low price. In June, he said he would wait for the cryptocurrency to test $1,100 before buying. In July he cash position waiting buy bitcoin. this week, Bitcoin Dropped $200,000. Bitcoin is trading at his $19,629 at the time of writing, down more than 9% over the past seven days. According to Coinmarketcap data, the overall cryptocurrency market is around $944 billion.
What do you think of Rich Dad Poor Dad author Robert Kiyosaki’s warning? Let us know in the comments section below.
image credit: Shutterstock, Pixabay, Wiki Commons, Lev Radin
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