Robert Kiyosaki, the best-known author of Rich Dad Poor Dad, has warned that all markets are crashing, naming real estate, stocks, gold, silver and bitcoin. “That crash is here,” said Kiasaki, referring to what he foretold was a bigger disaster than the 2008 financial crisis. Millions will perish.”
Robert Kiyosaki predicts market crashes
Rich Dad Poor Dad author Robert Kiyosaki is back with a dire warning about market crashes. 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 over six years. More than 32 million copies of the book have been sold in more than 109 countries in more than 51 languages.
Kiyosaki tweeted on Friday that every market is collapsing and the middle class will be wiped out by “high oil price inflation.” wrote:
All markets crashed: real estate, stocks, gold, silver, bitcoin. The middle class was destroyed by high oil inflation.
On Sunday, he published his October 2013 “Rich Dad Prophecy: Why the Greatest Stock Market Crash in History Is Still Coming…and How to Prepare Yourself and Profit from It!” He followed up on his Twitter page, referring to the book he published with the title.
Since everything is “up for sale” in He detailed that 2008 was a good time to get rich. Referring to the great disaster described in the book, the famous author said: “This disaster has arrived. Millions will perish.”
Kiasaki urged his 2 million Twitter followers not to be among those lost, saying, “It’s time to get rich.” Last week, he explained, “It’s not what’s in your wallet… it’s what’s in your head.” “Change what’s in your head first… then get richer.”
The famous author has warned about market failures several times. He recently predicted the biggest bond crash since 1788, saying that stocks and bonds were collapsing. He warned that inflation and inflation could lead to the Great Depression, stating that depression and civil unrest were coming.
Last week, he revealed that he had changed his mind about Treasury bonds after listening to economist Harry Dent. The author of Rich Dad Poor Dad has repeatedly advised investors to buy gold, silver and bitcoin, stressing that the US dollar is dying. He said that the investment value of silver in July is very good today.
Kiasaki has been waiting to buy bitcoin at a lower price. In June, he said he was waiting for the cryptocurrency to test $1,100 before buying. He stated that he was in a cash position to buy BTC in July. This week, BTC dropped below $20k. At the time of writing, bitcoin is at $19,629, down more than 9% in the past seven days. Based on Coinmarketcap data, the total cryptocurrency market is around $944 billion.
What do you think about Rich Dad Poor Dad author Robert Kiyosaki’s warning? Let us know in the comments section below.
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