Robert Kiyosaki from rich father, poor father, warns of stock and bond collapse – depression is coming, civil unrest – Bitcoin news

Robert Kiyosaki from rich father, poor father, warns of stock and bond collapse – depression is coming, civil unrest – Bitcoin news

Well-known author of the best-selling book Rich Dad, Poor Father, Robert Kiyosaki, predicted that depression and civil unrest were coming. He also warned of the collapse of the stock and bond markets.

Robert Kiyosaki on market crash, depression and civil unrest

The author of Rich Dad, Poor Father, Robert Kiyosaki, has issued several warnings about the U.S. economy. Rich Dad, Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times bestseller list for more than six years. More than 32 million copies of the book have been sold in over 51 languages ​​in more than 109 countries.

Kiyosaki claims that liberals and environmentalists are to blame for the reduction in oil production, which he said has caused inflation, while incentive checks paid workers are not working. In addition to predicting the collapse of the stock and bond markets, he warned of depression and civil unrest.

Robert Kiyosaki from rich father, poor father, warns of stock and bond collapse – depression is coming, civil unrest – Bitcoin news

The famous author also noted that inflation is killing retailers, even giant corporations such as Target and Walmart, noting that buyers have run out of money. “Retailers are beginning to see the impact of declining consumer purchasing power,” Paul Christopher, head of global marketing strategy at the Wells Fargo Investment Institute, described earlier this month.

Author Rich Dad, Poor Dad has been warning of imminent depression for some time. It’s April warned that there is depression and hyperinflation here, advising investors to buy gold, silver and bitcoin. He tweeted on Friday:

Bad news. Depression is coming.

In April, he explained that bonds are the most risky investment in a global crash. “Tragically, novice investors follow beginners’ advice on a mix of 60 (stocks) 40 (bonds),” he said.

Earlier this month, he said he was still optimistic about bitcoin and planned to buy more BTC when the bottom is inside. He expects it can be as much as $ 9,000. The famous author wrote: “Bitcoin is the future of money.”

Kiyosaki also predicted earlier this year that the U.S. dollar was preparing implodeemphasizing that it is the end of the dollar is coming. In March he said we were in the biggest balloon in world history.

What do you think of Robert Kiyosaki’s warnings? Let us know in the comments section below.

Robert Kiyosaki from rich father, poor father, warns of stock and bond collapse – depression is coming, civil unrest – Bitcoin news

Kevin Helms

A student of Austrian economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests lie in the security of Bitcoin, open source systems, network effects and the crossroads between economics and cryptography.




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