Robert Kiyosaki, the author of ‘Rich Dad, Poor Dad’ (a bestseller finance book), expects that the present policies implemented by the Federal Reserve to deal with inflation are playing a significant role in an economic collapse. As per Kiyosaki, the interest rate is increasing to a great extent and it is harmful to the finance.
‘Rich Dad, Poor Dad’ Author Anticipates Dollar’s Decline and Recommends Gold and BTC
He pointed out in a Twitter post shared on the 29th of October that the things like real estate, bonds, and stocks will be the chief casualties, as a result. Nonetheless, for the sake of safety, he mentioned that precious metals and Bitcoin (BTC) can provide a beneficial destination for investors in this scenario. He noted that the rates of silver and gold have dropped as the Federal Reserve is continuously increasing the interest rates. As per him, he is purchasing physical coins of gold.
It is noteworthy that Kiyosaki anticipated that the majority of the people will require moving an extra distance before adapting to the situation. As an example of this, he cited the situation of the Vietnam war. In his words, several people will have the opportunity to grow up in the upcoming collapse while several others will vanish. Most importantly, Kiyosaki has alleged the FED of having an involvement in an economic collapse via its means to tackle inflation.
In this respect, the author asserts that the organization is to be credited for the elevated inflation. In line with this, he emphasized that Bitcoin is the finest option for investors to reserve their funds. He added that the primary crypto asset has the potential to offer protection to the wealth of people. As reported earlier, the author recommended that – in the case of an economic decline – BTC will not shield income. Thus, he suggested pursuing some side pathways.
In an overall setting, amid the surging inflation, it has been maintained by Kiyosaki that the products in conventional finance are at risk of collapsing. For example, he recommended that the fall of the dollar would likely take place in the coming year. Nonetheless, the author promoted the use of silver in this regard. The famous author has been advocating for financial assets for a considerable period. Formerly in October 2022, he proposed the utilization of Bitcoin, silver, and gold, as this would be an opportunity amid the resilient USD if the FED keeps on heightening the interest rates.
Robert Kiyosaki Is No Longer a Promoter of Real Estate
The respective standpoint has been repeated by him for another time to have safety in a dollar crash. Approximately fifteen days back, the well-known writer declared that he does not favor real estate any longer. He added that in his latest writing “Capitalist Manifesto,” he elaborated that the US had been taken over by Marxists in the elections of 2020. According to him, they will increase the property taxes and enforce rent controls because the value of the property is decreased due to the increase in the interest rates.