Robert Kiyosaki is the author of the personal financial book “Rich Dad, Poor Dad”. He believes that ongoing Federal Reserve policies to limit inflation are a catalyst for an economic collapse.
Kiyosaki claims that interest rate increases are bad for the economy. He also stated that stocks and bonds will be the biggest casualties. This was he tweeted on October 29.
Kiyosaki said that Bitcoin ( BTC) as well as precious metals could provide a security measure for investors.
“Gold and silver prices fall as the Fed raises interest rates. Since silver is no longer in stock, I’m buying physical gold coins. The economy will die if interest rates are raised. Stocks, bonds, and real property will all crash. Fed will pivot. Before FED pivots, buy Gold, Silver and Bitcoin. He said, “Take care.”
Adapting to an economic crash
Kiyosaki noted that people will need to adapt if the economy crashes. He compared the situation to his experiences with the Vietnam War. According to Kiyosaki
“I didn’t have to travel to Vietnam. Because I worked in the oil industry, I was exempted from draft. But I was able to volunteer for the US Marines, and flew helicopter gunships. It was a great decision as I needed to grow up. Many people will rise up in the coming crash, while many others will be exterminated. Take care.
Kiyosaki, who has long accused the Federal Reserve (Federal Reserve) of causing an economic crash by manipulating inflation, is something that should be noted. The author claims that the Federal Reserve is responsible for the explosion in inflation.
Bitcoin can be used to protect wealth
Kiyosaki said that investors can store their wealth in Bitcoin. He also noted that the flagship cryptocurrency can help protect wealth. According to Finbold, Kiyosaki said that Bitcoin would not protect income in the event of an economic crash. Therefore, he suggested side hustles.
In spite of the rising inflation, Kiyosaki believes that traditional finance products could crash. He , for example, suggested the dollar would crash in 2023. However, he advocated silver.
