Referencing his earlier prediction of a bigger crash than in the 2008 financial crisis, Kiyosaki said: “This crash happened. Millions of people will be wiped out“.
Robert Kiyosaki predicts market crashes.
The author of rich dad poor dad, Robert Kiyosaki, returns with dire warnings about stock market crashes. Rich Dad Poor Dad is a book published in 1997 and co-authored by Kiyosaki and Sharon Lechter. It was on the New York Times Best Seller List for over six years. Over 32 million copies of the book have been sold in over 51 languages and in over 109 countries.
Robert Kiyosaki described in a tweet on Friday that all markets are collapsing and the middle class will be wiped out by “higher oil inflation“. He wrote :
All markets are collapsing: real estate, stocks, gold, silver, bitcoin. The middle class is being wiped out by 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 Yet to Come…And How You Can Prepare and Benefit!“.
He explained in detail that 2008 was a perfect time to get rich since everything was “on sale“. Referencing his prediction of a bigger crash described in his book, the renowned author wrote: “This crash happened. Millions of people will be wiped out“.
2008 was great time to get rich. Everything went on sale. Borrowed millions of dollars buying real estate bargains. 2013 I published Rich Dads Prophecy predicting BIGGER crash coming. THAT CRASH is HERE. Millions will be wiped out. Pls do not be one of them. Time you get richer.
— therealkiyosaki (@theRealKiyosaki) August 28, 2022
Robert Kiyosaki urged his 2 million Twitter followers not to be among the victims, adding that it was time for them to “get rich“. Last week he explained that “it’s not what’s in your wallet…it’s what’s in your head“, emphasizing: “Change what’s in your head first…then get richer.”
The famous author has warned of stock market crashes on several occasions. He recently predicted the biggest bond crash since 1788, saying stocks and bonds are collapsing. Stating that a depression and civil unrest are coming, he also warned that inflation could lead to the Great Depression.
Last week he revealed he had changed his mind about Treasuries after listening to economist Harry Dent. The author of Rich Dad Poor Dad has long recommended investors buy gold, silver and bitcoin, pointing out that the US dollar is dying. In July, he said silver was the best investment value today.
Kiyosaki also waited to buy bitcoins at a lower price. In June, he said he was waiting for the cryptocurrency to test $1,100 before buying. In July, he noted that he was in a cash position waiting to buy BTC. This week, BTC fell below the $20,000 mark. Bitcoin is trading at $19,629, down more than 9% in the past seven days. The overall cryptocurrency market is worth around $944 billion, according to data from Coinmarketcap.