Robert Kiyosaki, the author of “Rich Dad Poor Dad,” expressed new worries about the American economy on Wednesday. Kiyosaki and Sharon Lechter co-authored the 1997 book “Rich Dad Poor Dad.” It has spent more than six years as a best seller in the New York Times. The book has sold more than 32 million copies worldwide in more than 51 different languages.
“Warning: Inflation may lead to Greater Depression,” he tweeted. The well-known author also mentioned that foreclosures had increased by 700% from the previous year and that layoffs were beginning.
This was not the first time Kiyosaki had issued a Great Depression-related cautionary statement. “There is a giant stock market crash followed by a depression every 90 years. The Great Depression, which lasted 25 years and ended in 1954, began 90 years ago in 1929, he tweeted in August 2020, adding: “Will history repeat? I believe so.”
In April, Kiyosaki issued a warning about depression and hyperinflation while speculating that the US dollar was likely to collapse. In May, he repeated, “Bad News. Depression coming.” He warned that equities and bonds are collapsing in another tweet and emphasized that depression and civil upheaval are on the way.
The “Rich Dad Poor Dad” blogger stated last week that he is waiting to buy real estate and bitcoin with cash because asset prices are collapsing. Before purchasing more, he was waiting for BTC to reach its lowest point. He disclosed last month that he is holding off on purchasing more until the price of the biggest cryptocurrency reaches $1,100.