All markets are collapsing, according to renowned author Robert Kiyosaki of the best-selling book Rich Dad Poor Dad, who specifically mentions real estate, stocks, gold, silver, and bitcoin in his warning. That crash is here, Kiyosaki said, alluding to his earlier forecast of a more severe crash than that experienced during the 2008 financial crisis. Millions of people will perish.
Robert Kiyosaki Predicts Market Crashes
The author of Rich Dad Poor Dad, Robert Kiyosaki, is back with dire warnings about market crashes. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.
Kiyosaki described in a tweet Friday that every market is crashing and the middle class will be wiped out by “higher oil inflation.” He wrote:
All markets crashing: real estate, stocks, gold, silver, bitcoin. Middle class wiped out by higher oil inflation.
On Sunday, he followed up with a tweet referencing a book he published in October 2013 titled “Rich Dad’s Prophecy: Why the Biggest Stock Market Crash in History Is Still Coming … And How You Can Prepare Yourself and Profit From It!”
He detailed that 2008 was a great time to get rich since everything “went on sale.” Noting his prediction of a bigger crash outlined in his book, the renowned author wrote: “That crash is here. Millions will be wiped out.”
Kiyosaki urged his 2 million Twitter followers to “get richer,” saying they should not be among the unlucky ones who perish. He said last week that “It’s not what’s in your wallet… “Change what’s in your head first… then get richer,” the speaker emphasized, adding, “It’s what’s in your head.”
The renowned author has previously issued several market crash alerts. He recently stated that stocks and bonds are collapsing and predicted the biggest bond crash since 1788. He further warned that inflation might trigger the Greater Depression while asserting that depression and civil unrest are on the horizon.
He admitted last week that listening to economist Harry Dent caused him to change his mind about treasury bonds. The author of Rich Dad Poor Dad has long advocated for investors to purchase gold, silver, and bitcoin while highlighting the U.S. dollar’s impending demise. He declared silver to be the best investment option at the time in July.
Kiyosaki has also been waiting for bitcoin to drop in price before purchasing. He stated in June that he would wait to purchase until the cryptocurrency tested $1,100. He noted that he had cash on hand and was ready to purchase bitcoin in July. BTC dropped below $20K this week. At the time of writing, the price of one bitcoin is $19,629, a decrease of more than 9% over the previous week. The current state of the cryptocurrency market is