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

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

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by Kevin Helms
The well-known writer of the best-selling e book Wealthy Dad Poor Dad, Robert Kiyosaki, says the Federal Reserve will destroy the U.S. financial system with rate of interest hikes. He advises folks to put money into “actual cash,” naming bitcoin for instance.
The writer of Wealthy Dad Poor Dad, Robert Kiyosaki, is again with extra warnings concerning the U.S. financial 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 Greatest Vendor Listing 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:
At the moment, U.S. debt in 100s of trillions. REAL INFLATION is 16% not 7%. Fed elevating rates of interest will destroy U.S. financial system. Savers might be largest losers. Spend money on REAL MONEY. Gold, silver & bitcoin.
A lot of economists, akin to these at brokerage agency Nomura Securities, are predicting a 100 bps enhance within the Fed’s benchmark short-term price subsequent week. Funding strategist Ed Yardeni advised CNBC Friday that he believes the Fed is “going to come back round and conclude that possibly simply get it over with, possibly 100 foundation factors as an alternative of 75 foundation factors. After which possibly yet one more hike after that.”
Some folks, akin to Tesla CEO Elon Musk and Ark Make investments CEO Cathie Wooden, have warned {that a} main Fed price hike dangers deflation within the U.S. financial system.
Kiyosaki has repeatedly warned that the largest crash in world historical past is coming. In April, he mentioned all markets are crashing. He has advisable gold, silver, and bitcoin earlier than. Nonetheless, not too long ago he mentioned gold is pricey, calling silver the very best funding worth right this moment.
Final week, he urged his mailing record subscribers to get into cryptocurrency now, forward of the largest crash in world historical past.
The well-known writer has been advising buyers to purchase bitcoin for fairly a while, stating for a number of months that he’s ready for the worth of the crypto to backside out earlier than getting in. After revealing that he was ready for BTC to test $1,100, he mentioned in July that he was in a cash position 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 writer Robert Kiyosaki? Tell us within the feedback part under.
A scholar 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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