Robert Kiyosaki, best known as the author of the bestseller “Rich Dad, Poor Dad,” says it is time to open his closed mind after hearing economist Harry Dent speak. He is currently buying 2-year U.S. Treasuries, even though he has said many times that he will not invest in anything printed by the Federal Reserve or Wall Street.
Influenced by Robert Kiyosaki and Harry Dent, he buys government bonds
Robert Kiyosaki, author of “Rich Dad, Poor Dad,” has opened his “closed mind” after listening to economic commentator Harry Dent and is buying 2-year US Treasury bonds.
“Rich Dad, Poor Dad” was co-authored by Kiyosaki and Sharon Rector in 1997. It has been on the New York Times bestseller list for more than six years; it has sold more than 32 million copies in more than 109 countries and 51 languages.
Kiyosaki tweeted Tuesday.
Open my closed mind. I will not invest in anything printed by the Fed or Wall Street. Time to open my heart. I listen to Harry Dent and buy 2-year US Treasuries.
His tweet drew a lot of criticism. One noted that Harry Dent has been saying the same thing for years. Others reminded well-known writers that Dent does not recommend 2-year Treasuries, and noted that economic forecasters have said they prefer longer-term bonds, such as 20- or 30-years.
Some questioned Kiyosaki’s decision to invest in low-yield bonds.” Why buy government bonds yielding 3% when real inflation is still over 17%? Furthermore, government bonds, like all paper assets, are tied to the dollar, and the ongoing paradigm shift is the END of dollar hegemony.IMO, stick to the initial and ongoing advice of physical gold and silver.
Kiyosaki’s tweet on Wednesday also referenced the predictions of Jim Rickards, author of the national bestseller “Currency Wars: The Making of the Next Global Crisis.” The author of “Rich Dad, Poor Dad” writes:
Jim Rickards is calling for the biggest crash in history on September 21, 2022.
Many people on Twitter have commented on Rickards’ prediction. One person replied to Kiyosaki: “Jim Rickards has been calling for the biggest crash in history every week for years.” Another emphasized.” Calling a crash with precisely predicted dates is solely a pastime for hype, aimed at exploiting the emotions of novice leading investors.”
The third person commented that Federal Reserve Chairman Jerome Powell is likely to raise interest rates again when the Federal Open Market Committee (FOMC) meets on September 21. Noting that Powell will probably raise rates “more than the market expects,” this Twitter user suggested that September 22 “has a better chance as a crash date.”
Kiyosaki has said for years that he does not trust the Federal Reserve, the US Treasury, or the Biden administration. He said in May that the U.S. is led by a “triumvirate.” Biden, Treasury Secretary Yellen, and Fed Chairman Jerome Powell.
This well-known writer recently scoffed at President Joe Biden’s claim of zero inflation, saying, ” I think Joe is talking about his financial IQ.” Kiyosaki had previously warned that inflation could lead to a Great Depression.
He warned in February that the Federal Reserve and Treasury “are destroying the dollar and sending billions of dollar savers and the ignorant to financial hell,” and advised investors to buy gold, silver, and bitcoin. The author of Rich Dad, Poor Dad has also stated that he is waiting forBTCto bottom out and buy some. He revealed last month that he is waiting in cash positions to buy cryptocurrencies.
In July, he said silver was the best investment value, noting that he could buy a silver coin for $25, while gold is over $1,700.” Silver is an industrial precious metal. Gold is not, he stressed.” Kiyosaki also warned of the biggest bond crash since 1788, adding, “Now I’m buying more gold, silver, and waiting for bitcoin to go down.”
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