Robert Kiyosaki, best known as the author of the bestseller “Rich Dad, Poor Dad,” predicts the U.S. dollar will crash by next January after the Fed pivots. He cited bitcoin as one investment to buy as the Fed continues to raise interest rates.
Robert Kiyosaki predicts an imminent USD crash
Robert Kiyosaki, author of “Rich Dad, Poor Dad,” has issued a dire warning about the U.S. dollar, predicting that it will crash in the coming months.
“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; more than 32 million copies have been sold in more than 109 countries and 51 languages.
After the British pound plunged against other currencies and the Bank of England took the emergency step of a bond-buying program to calm the market, Kiyosaki tweeted on Saturday, “The British pound is dead this week.”
The famed writer shared his prediction in another tweet.” Will the U.S. dollar follow the British pound? I believe it will.” He further
thinks the USD will crash by January 2023 after the Fed pivots.
In a follow-up tweet on Sunday, Kiyosaki emphasized that there are buying opportunities in gold, silver, and bitcoin as the Fed continues to raise rates. Noting that the crash is a great time to get rich, the famed author wrote:
Buying opportunity: if the Fed continues to raise interest rates, the US dollar will strengthen and gold, silver, and bitcoin prices will fall. Buy more.
“When the Fed pivots and lowers rates … you will smile while others cry.”
This is not the first time Kiyosaki has predicted the demise of the US dollar. He said earlier this year that the U.S. dollar is about to collapse, noting that the Fed and the Treasury are destroying the dollar. Last month he said the end of counterfeit money has come.
In addition, Kiyosaki warned that Fed rate hikes will destroy the U.S. economy and advised investors to invest in “real money,” citing bitcoin as one of his investments. He also encouraged investors to get into crypto now, before the biggest economic crash in world history.
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