Robert Kiyosaki, best known as the author of the bestseller “Rich Dad, Poor Dad,” warned that all markets are crashing, specifically naming real estate, stocks, gold, silver and bitcoin. Referring to earlier predictions of a crash bigger than that of the 2008 financial crisis, Kiyosaki said: “That crash is here. That crash is here. Millions will be wiped out.”
Robert Kiyosaki predicts a market crash
Robert Kiyosaki, author of “Rich Dad, Poor Dad,” has issued a dire warning about a market crash. Rich Dad, Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Rector. It has been on the New York Times bestseller list for more than six years. More than 32 million copies of the book have been sold in more than 109 countries and in over 51 languages.
Kiyosaki said in a tweet on Friday that all markets will crash and the middle class will be wiped out by “high oil inflation.” He wrote:
All markets are crashing: real estate, stocks, gold, silver, bitcoin. The middle class is wiped out by rising oil inflation.
On Sunday, he followed up with a tweet introducing his October 2013 book titled “Rich Dad’s Prophecy. Why the biggest stock market crash in history is yet to come … And how you can prepare yourself and profit from it!” See the book, published in October 2013, titled “The Greatest Stock Market Crash in History.
He recounted that 2008 was a great time to get rich because everything was “for sale.” The famous author also noted the predictions of a larger crash described in his book, saying, “That crash is here. Millions will be wiped out.”
Kiyosaki urged his 2 million Twitter followers not to be among those who will be wiped out, adding that it is time to “get rich.” Last week, he said, “It’s not what’s in your wallet … It’s in your head,” he explained, adding, “Change your head first… Then get rich,” he stressed.
This famous writer has warned about the market crash many times. He recently predicted the biggest bond crash since 1788, stating that stocks and bonds are crashing. He claims that a depression and civil unrest are coming, and further warns that inflation may lead to a Great Depression.
Last week he revealed that he changed his mind about government bonds after listening to economist Harry Dent. The author of “Rich Dad, Poor Dad” has been urging investors to buy gold, silver, and bitcoin for quite some time, stressing that the U.S. dollar is dying; in July, he said silver is the best investment value today.
Kiyosaki is also waiting to buy bitcoin at lower prices; in June, he said he was waiting for the cryptocurrency to test $1100 before buying; in July, he noted he was in a cash position waiting to buy BTC. This week,BTCfell below $20K. As of this writing, Bitcoin was trading at $19,629, down more than 9% over the past seven days. The overall cryptocurrency market stands at about $944 billion, based on Coinmarketcap data.
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