Rich Dad Poor Dad author Robert Kiyosaki believes that the U.S. economy is headed for a crash landing. “I hope I am wrong yet that is what I believe,” he opined. The famous author also said a financial pandemic has started and corruption is high, reiterating his recommendation to buy gold, silver, and bitcoin.
Robert Kiyosaki Believes a Crash Landing Is Coming
The author of Rich Dad Poor Dad, Robert Kiyosaki, is back with more warnings about the U.S. economy. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries. Kiyosaki tweeted Thursday:
Soft landing? Hard landing? Or Crash landing? I say crash landing. I hope I am wrong yet that is what I believe.
“Corruption is high & leaders corrupt. Buy gold, silver, bitcoin. Still best insurance against corruption & incompetence,” his tweet continues. Kiyosaki has voiced his concerns many times regarding the corruption and incompetency within the U.S. government and the Federal Reserve, repeatedly emphasizing his lack of trust in them.
The renowned author issued a similar warning on March 13 about where he thinks the U.S. economy is headed. “Crash landing ahead,” he wrote on Twitter. “Bailouts begin. More fake money to invade sick economy. Still recommend same response. Buy more gold, silver, bitcoin.” His tweet followed the U.S. government bailing out collapsed banks. In a follow-up tweet, he stressed that regional banks are being wiped out, calling the Federal Reserve “criminal.”
Last week, Kiyosaki also cautioned that a crash is here, tweeting:
Financial pandemic started. Crash is now.
Multiple people have similarly stated that the U.S. economy is at risk of a crash landing, including Allianz’s analysts and economist David Rosenberg.
Moreover, Kiyosaki previously warned about hyperinflation and the death of the U.S. dollar. He believes that Fed rate hikes will crash the USD as well as stock, bond, and real estate markets. He also made predictions about the global economy, tweeting in March that the world economy is on the verge of collapse.
The acclaimed author has consistently advocated for gold, silver, and bitcoin. In February, he expressed his belief that these three investments are best for unstable times. He predicts that by 2025, the price of BTC will reach $500,000, while gold and silver will reach $5,000 and $500 respectively.
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