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Robert Kiyosaki, investor and author of the 1997 New York Times Best Seller “Rich Dad Poor Dad” has warned of the possibility of the U.S. “sliding into depression” following a “giant crash.”
Kiyosaki sent out the warning on Twitter this Friday, accusing U.S. President Joe Biden of leading the country into inflation and “ripping off the people.”
The best-selling author that sold over 32 million copies of his ”Rich Dad Poor Dad” is not the only one who has recently expressed his concerns over the economy. On Sunday, Republican Senator of Florida, Rick Scott said on Fox News Sunday that Americans should be outraged with the Democrats’ handling of their money. He added that Joe Biden’s Build Back Better agenda will only enlarge the country’s “ridiculous” inflation. He said:
“If you look at what they’re talking about with this — name whatever the bill is — all it’s going to do is cause more inflation … Look at what it’s doing to poor families in this country, with gas prices up 55%. Go to the grocery store, food prices are up. It’s all caused by government spending.”
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A week ago, Twitter and Square CEO, Jack Dorsey, forecasted hyperinflation to be looming, not just in the U.S. but across the globe.
Kiyosaki has already multiple times that a major crash is coming. It seems inevitable according to the author. In September, he warned of a stock crash that would include assets like gold and Bitcoin.
Kiyosaki is a fan of Bitcoin. After Bitcoin broke the $60,000 barrier once again two weeks ago, he confirmed this by noting his motivation for Bitcoin: