The well-known creator of the best-selling e-book Wealthy Dad Poor Dad, Robert Kiyosaki, has warned of the “largest bond crash since 1788.” He careworn that the “actual downside” is within the bond market, which is “40 instances bigger” than the inventory market. He’s ready for the value of bitcoin to fall additional to purchase some.
Robert Kiyosaki Warns Bond Market Is Crashing
The creator of Wealthy Dad Poor Dad, Robert Kiyosaki, has made a number of contemporary predictions concerning the inventory and bond markets. Wealthy Dad Poor Dad is a 1997 e-book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Instances Finest Vendor Record for over six years. Greater than 32 million copies of the e-book have been bought in over 51 languages throughout greater than 109 international locations.
The well-known creator tweeted Friday:
U.S. bond market crashes. Greatest bond crash since 1788 … Bond markets greater than inventory market. I’m shopping for extra gold, silver now, and ready for bitcoin to go decrease.
He additionally careworn that China’s actual property market is crashing, noting that there are “Over 90 million empty condos in China.”
In a follow-up tweet, the Wealthy Dad Poor Dad creator defined:
Losers watching inventory market. Actual downside is in bond market. Bond market 40 instances bigger than inventory market. Please take note of bonds, not shares. Main crash to return.
He tweeted in April that bonds are the riskiest funding in a worldwide meltdown. “Tragically rookie traders observe rookie recommendation of 60 (shares) 40 (bonds) combine,” he opined, recommending traders purchase gold, silver, and bitcoin “as insurance coverage in opposition to morons operating the world.”
Kiyosaki has repeatedly warned about market crashes and the state of the U.S. financial system. This week, he warned that inflation could result in a “Larger Despair,” noting that actual property is crashing and foreclosures are up 700% from final yr.
In April, he cautioned about hyperinflation and depression. He additionally stated repeatedly that we’re within the biggest bubble in world historical past. In March, he predicted that the U.S. greenback was about to implode, advising traders to purchase bitcoin (BTC), ethereum (ETH), and solana (SOL).
Kiyosaki has stated a number of instances that he’s ready for bitcoin to backside out to purchase some extra. Final month, he revealed that he’s ready for the value of BTC to test $1,100 earlier than shopping for. Earlier this month, he stated he’s in money place waiting to pick up bargains, together with BTC, as asset costs are crashing.
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