- According to the well-known author, we have entered the largest bubble in global history
- Kiyosaki often blamed President Biden, his administration and Federal Reserve.
Robert Kiyosaki, the author of Rich Dad, Poor Dad, has issued several doomsday prophecies and dire warnings in recent days. Rich Dad, Poor Dad was co-written by Kiyosaki and Sharon Lechter in 1997. Thirty-two million copies have been distributed worldwide in 51 different languages and 109 different countries.
According to the well-known author, we have entered the largest bubble in global history, listing stock market, real estate, commodity, and oil bubbles as examples of such a bubble. He was pessimistic about the future, predicting hyperinflation and a severe slump.
Kiyosaki’s tweet read:
“DO YOU HAVE a PLAN “B”? We are in BIGGEST BUBBLE in world history. Bubbles in stocks, real estate, commodities & oil. FUTURE? Possible DEPRESSION with HYPER-INFLATION. My PLAN B: be an entrepreneur, stay out of stock market, create own assets, use debt as $, save G,S, BC, guns.”
Excessive Inflation and Devaluation
This isn’t surprising, given Robert’s frequent references to the Great Depression. Similar statements were made in November 2021, when he again spoke about inflation. When it came to excessive inflation and the devaluation of the US currency in his tweets, Kiyosaki often blamed President Biden, his administration, and the Federal Reserve System.
BYE-BYE BITCOIN: Prediction. Biden to sign EXECUTIVE ORDER regulating Cryptos. NEXT: Fed Crypto. NEXT: all crypto currencies seized & folded into GOVERNMENT crypto. “Let’s Go Brandon” you criminal. You commie.
— therealkiyosaki (@theRealKiyosaki) March 8, 2022
Kiyosaki was optimistic about bitcoin until Tuesday. He often advocated investing in gold, silver, and bitcoin as inflation protection. As he tweeted Tuesday morning, it’s not certain if the US government would take all cryptocurrencies, but it’s possible. According to him, a “Fed crypto” will be launched after President Biden signed an executive order on cryptocurrency. That will be followed by the seizure and incorporation of every cryptocurrency into the government’s cryptocurrency.
