Fun

Robert Kiyosaki Says ‘We Are in Global Recession’ — Warns of Soaring Bankruptcies, Unemployment, Homelessness

News Feed - 2023-01-29 10:01:52

Robert Kiyosaki Says "We Are in Global Recession" — Warns of Soaring Bankruptcies, Unemployment, Homelessness


The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says that we are in a global recession. Warning of soaring bankruptcies, unemployment, and homelessness, he noted that there is good news for investors looking for “bargains.” Robert Kiyosaki’s Latest Warnings


The author of Rich Dad Poor Dad, Robert Kiyosaki, is back with more warnings about the U.S. economy and global recession. 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 tweeted Saturday: “Q: What is worse than a great depression? A: a global recession.” He added: Unfortunately, we are in global recession. Hang on. Rough landing for world. Bad news. Bankruptcy, unemployment, homelessness soar. Retirements toast.


However, the famed author pointed out there is good news for investors, elaborating: “Bargains [are] everywhere. Gold, silver, bitcoin priceless.”


In July last year, Kiyosaki cautioned that inflation may lead to greater depression, noting that real estate is crashing and layoffs are starting. He also warned about hyperinflation and depression in April, predicting that the U.S. dollar is about to implode. In May, he reiterated: “Bad news. Depression coming.”


The Rich Dad Poor Dad author is not the only one concerned about a global recession. In September last year, the World Bank said the risk of a global recession in 2023 is rising as central banks worldwide simultaneously hike interest rates in response to inflation. In addition, the International Monetary Fund (IMF) has warned of a tough year ahead for the world economy.


Kiyosaki has regularly warned about the state of the U.S. economy while recommending investors buy gold, silver, and bitcoin. He often said that he does not trust the Biden Administration, the Treasury, the Federal Reserve, and Wall Street. He stressed that the Fed and the Treasury are destroying the U.S. dollar.


He tweeted on Jan. 14 that bitcoin, gold, silver, and oil are moving up in price, noting: “Good news for those that know inflation is permanent … now systemic … not transitory. Bad news for the uninformed, poor, middle class … anyone who believes Biden cares about them and their families.”


The famous author said in December that bitcoin investors will get richer when the Federal Reserve pivots and prints trillions of dollars. He explained in November that he is a bitcoin investor, not a trader, so he gets excited when the price of BTC plunges. In September, he urged investors to get into crypto now before the biggest economic crash in the world happens. Tags in this story Rich Dad Poor Dad, robert kiyosaki, robert kiyosaki bitcoin, robert kiyosaki crypto, Robert Kiyosaki global recession, robert kiyosaki gold, Robert Kiyosaki recession, robert kiyosaki silver


What do you think about the latest warnings by Rich Dad Poor Dad author Robert Kiyosaki? Let us know in the comments section below. Kevin Helms


A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. Gold to Lose Its Shine as Harry Dent Predicts Massive Crash; Bitcoin to Follow Suit With Low of $3,250 ECONOMICS | 3 days ago Latam Common Currency to Focus on Settlements Among Mercosur and BRICS Countries ECONOMICS | 4 days ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleWhite House Publishes ‘Roadmap’ to Mitigate Cryptocurrency Risks Next articleElon Musk Reaffirms Offer to Eat Happy Meal on TV if McDonald’s Accepts Dogecoin Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItRipple CEO: SEC Lawsuit Over XRP "Has Gone Exceedingly Well"


The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.NFT Sales Volume Saw a Small Uptick This Week — Moonbirds, Mutant Apes Take Top Sales Australia to List Bitcoin ETF After 4 Clearinghouse Participants Commit to Meet Stringent Margin Terms Fed"s Bullard Wants to Raise Bank Rate to 3.5% by Year"s End, Hints at 75 Basis Point Rate Hike FBI Issues Alert Concerning Malicious State-Sponsored North Korean Hackers Targeting Crypto Firms

News Feed

Soros-Backed Argentine Neobank Uala Launches Cryptocurrency Trading Services
Soros-Backed Argentine Neobank Uala Launches Cryptocurrency Trading Services Uala, an Argentine neobank backed by George Soros, has launched cryptocurrency trading services for its
Savannah Fortis13 hours agoFriend.tech look-alike ‘Alpha’ emerges on Bitcoin networkA new social token network called Alpha has emerged, rivaling the popular Friend.tech platform but built on top of the Bitcoin block
Bitcoin miners record lowest daily revenue of 2024
Arijit Sarkar14 hours agoBitcoin miners record lowest daily revenue of 2024Bitcoin miners’ daily revenue hit a new yearly low of $2.5 million, but strategic overhauls keep some companies profitable amid industry challe
Tom Mitchelhill3 hours agoCrypto exchange CoinSpot reportedly suffers $2M hot wallet hackBlockchain security firm CertiK believes the $2.4 million draining of a CoinSpot hot wallet is likely the result of a “private ke
Judge Dismisses $200M Damages Claim in SIM-Swap Crypto Lawsuit Against AT&T
Judge Dismisses $200M Damages Claim in SIM-Swap Crypto Lawsuit Against AT&TA California judge has dismissed the $200 million in damages claim against the telecom giant AT&T for alle
Bitcoin Websites Asked to Remove White Paper After Craig Wright Claims Copyright Infringement
Bitcoin Websites Asked to Remove White Paper After Craig Wright Claims Copyright Infringement During the last few days, the cryptocurrency community has been dis
Bitcoin, Ethereum Technical Analysis: ETH Falls Below $2,000 as Crypto Bearish Pressure Intensifies 
Bitcoin, Ethereum Technical Analysis: ETH Falls Below $2,000 as Crypto Bearish Pressure Intensifies  Following several sessions of consolidation, ETH has finally caved in, droppin
UniLend V2 Launched: Becomes 1st True Permissionless Lending and Borrowing Protocol
UniLend V2 Launched: Becomes 1st True Permissionless Lending and Borrowing Protocol press release PRESS RELEASE.Launching its much awaited V2 testnet on the Goerli chain today, UniL
FTX US Partners With Monumental Sports Entertainment, Gets Exposure to 4 New Sports Teams
FTX US Partners With Monumental Sports Entertainment, Gets Exposure to 4 New Sports Teams FTX continues its path toward the sports world as it signed a partnership with Monumental
Senator Elizabeth Warren Demands Answers From Fidelity for Allowing Bitcoin in Retirement Plans
Senator Elizabeth Warren Demands Answers From Fidelity for Allowing Bitcoin in Retirement Plans Two U.S. senators, including Elizabeth Warren, have sent a letter to Fidelity Invest
Dragon Age Lead Producer Out as EA's BioWare Keeps Bleeding
TwitterFacebookLinkedInBioWare suffered another blow with the departure of its next big title"s lead producer, Fernando Melo. Maybe they should part ways with EA. | Photo by Matt Sayles/Invision for Microsoft/AP Images
Judge nods Robinhood’s $9M ‘refer-a-friend’ lawsuit settlement
Martin Young6 hours agoJudge nods Robinhood’s $9M ‘refer-a-friend’ lawsuit settlementRobinhood has settled a long-running class-action lawsuit in Washington that involved unsolicited text spamming via its ‘refer-