Robert Kiyosaki Warns Fed Rate Hikes Will Destroy US Economy — Says Invest in ‘Real Money’ Naming Bitcoin – Economics Bitcoin News

The well-known creator of the best-selling e-book Wealthy Dad Poor Dad, Robert Kiyosaki, says the Federal Reserve will destroy the U.S. economic system with rate of interest hikes. He advises individuals to put money into “real money,” naming bitcoin for example.

Robert Kiyosaki on Fed Rate Hikes, U.S. Economy, Bitcoin

The creator of Wealthy Dad Poor Dad, Robert Kiyosaki, is again with extra warnings concerning the U.S. economic system and recommendation on the place buyers ought to put their cash.

Wealthy Dad Poor Dad is a 1997 e-book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Occasions Finest Vendor Checklist for over six years. Greater than 32 million copies of the e-book have been bought in over 51 languages throughout greater than 109 nations.

On Friday, Kiyosaki tweeted that “savers are losers,” elaborating:

Right this moment, U.S. debt in 100s of trillions. REAL INFLATION is 16% not 7%. Fed elevating rates of interest will destroy U.S. economic system. Savers can be greatest losers. Invest in REAL MONEY. Gold, silver & bitcoin.

Numerous economists, equivalent to these at brokerage agency Nomura Securities, are predicting a 100 bps enhance within the Fed’s benchmark short-term charge subsequent week. Investment strategist Ed Yardeni informed CNBC Friday that he believes the Fed is “going to come around and conclude that maybe just get it over with, maybe 100 basis points instead of 75 basis points. And then maybe one more hike after that.”

Some individuals, equivalent to Tesla CEO Elon Musk and Ark Invest CEO Cathie Wooden, have warned {that a} main Fed charge hike dangers deflation within the U.S. economic system.

Kiyosaki has repeatedly warned that the largest crash in world historical past is coming. In April, he stated all markets are crashing. He has advisable gold, silver, and bitcoin earlier than. Nonetheless, lately he stated gold is pricey, calling silver one of the best funding worth at present.

Final week, he urged his mailing checklist subscribers to get into cryptocurrency now, forward of the largest crash in world historical past.

The well-known creator has been advising buyers to purchase bitcoin for fairly a while, stating for a number of months that he’s ready for the value of the crypto to backside out earlier than getting in. After revealing that he was ready for BTC to check $1,100, he stated in July that he was in a money place prepared to purchase the cryptocurrency. On the time of writing, bitcoin is buying and selling at $20,103, down 6% over the previous seven days and 14% over the past 30 days.

What do you concentrate on the feedback and recommendation by Wealthy Dad Poor Dad creator Robert Kiyosaki? Tell us within the feedback part beneath.

Kevin Helms

A pupil of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source techniques, community results and the intersection between economics and cryptography.

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