Rich Dad Poor Dad’s Robert Kiyosaki Warns Inflation May Lead to Greater Depression – Economics Bitcoin News

The popular writer of the top rated book Rich Dad Poor Dad, Robert Kiyosaki, has cautioned that the ongoing expansion might prompt a “Greater Depression.” He added that land is crashing and dispossessions are up 700% from last year.

Robert Kiyosaki’s Depression Warnings

The writer of Rich Dad Poor Dad, Robert Kiyosaki, voiced new worries about the U.S. economy Wednesday. Rich Dad Poor Dad is a 1997 book co-wrote by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for north of six years. In excess of 32 million duplicates of the book have been sold in north of 51 dialects across in excess of 109 countries.

He tweeted: “Warning: Inflation may lead to Greater Depression.” The well known writer added that land is crashing, dispossessions are up 700% from last year, and cutbacks are starting.

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

This was not whenever Kiyosaki first has cautioned about a forthcoming Great Depression. “Every 90 years, there is a giant stock market crash followed by depression. 90 years ago was 1929 followed by [the] Great Depression lasting 25 years to 1954,” he tweeted in August 2020, adding:

Will history rehash? I accept so.

Kiyosaki cautioned about excessive inflation and wretchedness in April, foreseeing that the U.S. dollar is going to collapse. He repeated in May: “Bad News. Depression coming.” In another tweet, he advised that stocks and bonds are crashing, focusing on that downturn and common agitation are coming.

Last week, the Rich Dad Poor Dad creator said he is in real money position standing by to purchase land and bitcoin, accentuating that resource costs are crashing. He has been hanging tight for BTC to reach as far down as possible prior to purchasing more. Last month, he uncovered that he is sitting tight at the cost of the biggest digital money to test $1,100 to purchase more.

What do you ponder Robert Kiyosaki’s alerts? Tell us in the remarks segment below.

Kevin Helms

An understudy of Austrian Economics, Kevin tracked down Bitcoin in 2011 and has been an evangelist from that point forward. His inclinations lie in Bitcoin security, open-source frameworks, network impacts and the convergence among financial matters and cryptography.

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