Rich Dad Poor Dad’s Robert Kiyosaki Warns Inflation May Lead to Greater Depression

The celebrated writer of the best-selling publication Rich Dad Poor Dad, Robert Kiyosaki, has warned that the existent ostentation whitethorn pb to a “Greater Depression.” He added that existent property is crashing and foreclosures are up 700% from past year.

Robert Kiyosaki’s Depression Warnings

The writer of Rich Dad Poor Dad, Robert Kiyosaki, voiced caller concerns astir the U.S. system Wednesday. Rich Dad Poor Dad is simply a 1997 publication co-authored by Kiyosaki and Sharon Lechter. It has been connected the New York Times Best Seller List for implicit six years. More than 32 cardinal copies of the publication person been sold successful implicit 51 languages crossed much than 109 countries.

He tweeted: “Warning: Inflation whitethorn pb to Greater Depression.” The celebrated writer added that existent property is crashing, foreclosures are up 700% from past year, and layoffs are starting.

This was not the archetypal clip Kiyosaki has warned astir an upcoming Great Depression. “Every 90 years, determination is simply a elephantine banal marketplace clang followed by depression. 90 years agone was 1929 followed by [the] Great Depression lasting 25 years to 1954,” helium tweeted successful August 2020, adding:

Will past repeat? I judge so.

Kiyosaki warned astir hyperinflation and depression successful April, predicting that the U.S. dollar is about to implode. He reiterated successful May: “Bad News. Depression coming.” In different tweet, helium cautioned that stocks and bonds are crashing, stressing that slump and civilian unrest are coming.

Last week, the Rich Dad Poor Dad writer said helium is successful currency presumption waiting to buy existent property and bitcoin, emphasizing that plus prices are crashing. He has been waiting for BTC to bottom out earlier buying more. Last month, helium revealed that helium is waiting for the terms of the largest cryptocurrency to test $1,100 to bargain more.

What bash you deliberation astir Robert Kiyosaki’s warnings? Let america cognize successful the comments conception below.