The famous author of the bestseller Rich Dad Poor Dad, Robert Kiyosaki, has predicted that the US dollar will crash in January next year after the Federal Reserve flips. He cited bitcoin as one of the investments to buy as the Fed continues to raise interest rates.
Robert Kiyosaki predicts impending US dollar crash
Rich Dad Poor Dad author Robert Kiyosaki is back with a dire warning about the US dollar, predicting that the USD will crash in a few months.
Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times bestseller list for over six years. More than 32 million copies of the book have been sold in more than 51 languages in more than 109 countries.
After the British pound plunged against other currencies and the Bank of England took emergency measures with a bond-buying program to calm markets, Kiyosaki tweeted on Saturday: “The pound sterling died this week.”
The famous author shared his expectation in another tweet: “Will the US dollar follow the English pound? I believe it will happen.” He added:
I think the US dollar will crash by January 2023, after the Fed adjusts its rate.
In a follow-up tweet on Sunday, Kiyosaki emphasized that if the Federal Reserve continues to raise interest rates, there will be buying opportunities in gold, silver and bitcoin. Noting that crashes are great times to get rich, the famous author wrote:
Buying Opportunity: If the Fed continues to raise interest rates, US$ will strengthen causing gold, silver and bitcoin prices to fall. Buy more.
“If the Fed changes rates and cuts rates, you will smile while others cry,” he noted.
This was not the first time Kiyosaki predicted the demise of the US dollar. He said earlier this year that the USD was about to implode and noted that the Fed and Treasury are destroying the dollar. Last month he said the end of fake money is here.
In addition, Kiyosaki has warned that raising interest rates by the Fed will destroy the US economy, advising investors to invest in “real money”, citing bitcoin as one of the investments. He also encouraged investors to get into crypto now, before the biggest economic crash in world history happens.
What do you think of Robert Kiyosaki’s predictions about the US economy and the US dollar crash? Let us know in the comments below.
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