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Renowned author of the best-selling Rich Dad, Poor Dad, Robert Kiyosaki says the Federal Reserve will destroy the U.S. economy by raising interest rates. He uses Bitcoin as an example to advise people to invest in “real money”.
Rich Dad Poor Dad author Robert Kiyosaki is back with more warnings about the US economy and advice on where investors should invest their money.
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 of his in over 109 countries and in over 51 languages.
On Friday, Kiyosaki elaborated by tweeting that “savers are losers.”
Today, America’s debt is in the hundreds of trillions. Real inflation is 16% instead of 7%. A rate hike by the Fed will destroy the US economy. Savers become the biggest losers. Invest with real money. gold, silver, bitcoin.
Many economists, including broker Nomura Securities, expect the Fed’s benchmark short-term interest rate to rise by 100bps next week. Investment strategist Ed Yardeni told CNBC on Friday that he believes the Fed will “conclude that maybe 100 basis points, not 75 basis points, will do the trick.” Then maybe another hike.
Some people like Tesla CEO Elon Musk Ark Invest Chief Executive Cathy Wood warned that a significant rate hike by the US Federal Reserve would pose a deflationary risk to the US economy.
Kiyosaki has repeatedly warned that the biggest crash in world history is coming. all markets are collapsingHe has previously recommended gold, silver and bitcoin. But recently he said that money is expensive, Silver Today’s best investment value.
last week he urged Subscribers to his mailing list are being urged to get into cryptocurrency now, ahead of the world’s biggest crash in history.
A well-known author has been advising investors to buy bitcoin for quite some time, saying wait for the price of the cryptocurrency to bottom out for a few months before entering. Bitcoin To test $1,100he in July, he cash position Ready to buy cryptocurrency. At the time of writing, Bitcoin is trading at $20,103, down 6% in the last 7 days and 14% in the last 30 days.
What do you think of Rich Dad Poor Dad author Robert Kiyosaki’s comments and advice? Let us know in the comments section below.
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