Robert Kiyosaki, the famous author of the best-selling book Rich Dad Poor Dad, warns that all markets are going to crash, naming in particular real estate, stocks, gold, silver and bitcoin. Referring to his earlier prediction of a bigger crash than the 2008 financial crisis, Kiyosaki said: “That crash is here. Millions will be wiped out.”
Robert Kiyosaki Predicts Market Crash
Robert Kiyosaki, author of Rich Dad Poor Dad, is back with a dire warning about a market downturn. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Letcher. It has been on the New York Times best seller list for more than six years. The book has sold over 32 million copies in more than 109 countries in more than 51 languages.
Kiyosaki described in a tweet on Friday that every market is crashing and the middle class will be wiped out by “high oil inflation.” He wrote:
All markets crash: real estate, stocks, gold, silver, bitcoin. High oil inflation wiped out the middle class.
On Sunday, he made a tweet referring to a book published in October 2013, titled “Rich Dad’s Prophecy: Why the Biggest Stock Market Crash in History Is Still Coming… and How You Can Prepare Yourself and Profit From It”. !”
He elaborated that 2008 was a great time to get rich because everything “went on sale”. In keeping with the prediction of a major accident mentioned in his book, the famous author wrote: “That accident is here. Millions will be wiped out.”
Kiyosaki urged his 2 million Twitter followers not to join those who have been wiped out, saying it is time for him to “get rich”. Last week, he explained that “it’s not in your wallet… it’s in your mind,” emphasizing: “First change what’s on your mind… then get rich.”
The famous author has on several occasions warned about the downtrend in the market. He recently predicted the biggest bond crash since 1788, saying that stocks and bonds were going to crash. Stating that a depression and civil unrest were coming, he further cautioned that inflation could lead to the Greater Depression.
Last week, he revealed he changed his mind about Treasury bonds after listening to economist Harry Dent. The Rich Dad Poor Dad author has been advising investors to buy gold, silver and bitcoin for quite some time, emphasizing that the US dollar is dying. In July, he said silver was the best investment value today.
Kiyosaki is also waiting to buy bitcoin at a lower price. In June, he said he was waiting for the cryptocurrency to test $1,100 before buying it. In July, he reported that he was in a cash position waiting to buy BTC. This week, BTC fell below $20K. At the time of writing, bitcoin is trading at $19,629, down more than 9% over the past seven days. The total cryptocurrency market is estimated to be around $944 billion based on data from Coinmarketcap.
What do you think of Rich Dad Poor Dad author Robert Kiyosaki’s warnings? Let us know in the comments section below.
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