2 years ago
The celebrated writer of the best-selling publication Rich Dad Poor Dad, Robert Kiyosaki, says the Federal Reserve volition destruct the U.S. system with involvement complaint hikes. He advises radical to put successful “real money,” naming bitcoin arsenic an example.
Robert Kiyosaki connected Fed Rate Hikes, U.S. Economy, Bitcoin
The writer of Rich Dad Poor Dad, Robert Kiyosaki, is backmost with much warnings astir the U.S. system and proposal connected wherever investors should enactment their money.
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.
On Friday, Kiyosaki tweeted that “savers are losers,” elaborating:
Today, U.S. indebtedness successful 100s of trillions. REAL INFLATION is 16% not 7%. Fed raising involvement rates volition destruct U.S. economy. Savers volition beryllium biggest losers. Invest successful REAL MONEY. Gold, metallic & bitcoin.
A fig of economists, specified arsenic those astatine brokerage steadfast Nomura Securities, are predicting a 100 bps summation successful the Fed’s benchmark short-term complaint adjacent week. Investment strategist Ed Yardeni told CNBC Friday that helium believes the Fed is “going to travel astir and reason that possibly conscionable get it implicit with, possibly 100 ground points alternatively of 75 ground points. And past possibly 1 much hike aft that.”
Some people, specified arsenic Tesla CEO Elon Musk and Ark Invest CEO Cathie Wood, person warned that a large Fed complaint hike risks deflation successful the U.S. economy.
Kiyosaki has repeatedly warned that the biggest clang successful satellite past is coming. In April, helium said all markets are crashing. He has recommended gold, silver, and bitcoin before. However, precocious helium said golden is expensive, calling silver the champion concern worth today.
Last week, helium urged his mailing database subscribers to get into cryptocurrency now, up of the biggest clang successful satellite history.
The celebrated writer has been advising investors to bargain bitcoin for rather immoderate time, stating for respective months that helium is waiting for the terms of the crypto to bottommost retired earlier getting in. After revealing that helium was waiting for BTC to test $1,100, helium said successful July that helium was successful a cash position acceptable to bargain the cryptocurrency. At the clip of writing, bitcoin is trading astatine $20,103, down 6% implicit the past 7 days and 14% implicit the past 30 days.
What bash you deliberation astir the comments and proposal by Rich Dad Poor Dad writer Robert Kiyosaki? Let america cognize successful the comments conception below.
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