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Robert Kiyosaki Warns Fed Rate Hikes Will Destroy US Economy — Says Invest in ‘Real Money’ Naming Bitcoin

Robert Kiyosaki Warns Fed Rate Hikes Will Destroy US Economy — Says Invest in ‘Real Money’ Naming Bitcoin

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Robert Kiyosaki, the famous bestselling author of Rich Dad Poor Dad, says the Federal Reserve is destroying the US economy by raising interest rates. He advises people to invest in “real money”, citing bitcoin as an example.

Robert Kiyosaki on Fed rate hikes, US economy, Bitcoin

Rich Dad Poor Dad author Robert Kiyosaki is back with more warnings about the US economy and advice on where investors should put their money.

Rich Dad Poor Dad is a 1997 book written by Kiyosaki and Sharon Lechter. It has been on the New York Times bestseller list for over six years. The book has sold more than 32 million copies in more than 51 languages ​​in more than 109 countries.

On Friday, Kiyosaki tweeted that “thrifters are losers” and elaborated:

Today the US debt is 100 trillion. REAL INFLATION is 16% not 7%. Fed raising interest rates will destroy the US economy. Savers are the biggest losers. Invest in REAL MONEY. Gold, silver and bitcoin.

Several economists, such as experts at the banking firm Nomura Securities, predict that the Fed’s short-term benchmark interest rate will rise by 100 basis points next week. Investment strategist Ed Yardeni told CNBC Friday that he thinks the Fed will “come in and decide that maybe we’ll just get out, maybe 100 basis points instead of 75 basis points. And then maybe another hike after that.”

Some people, such as Tesla CEO Elon Musk and Ark Invest CEO Cathie Wood, have warned that a major rate hike by the Fed threatens deflation in the US economy.

Kiyosaki has repeatedly warned that the biggest crash in world history is coming. In April, he said that all markets are about to collapse. He has recommended gold, silver and bitcoin in the past. However, recently he said that gold is expensive and called silver the best investment today.

Last week, he urged subscribers to his mailing list to switch to cryptocurrency now, before the biggest crash in world history.

The famous author has been advising investors to buy bitcoins for some time and stated that for several months he would wait for the price of the crypto to bottom out before entering. After revealing that he expects BTC to test $1100, he said. in July that he was in a cash position ready to buy cryptocurrency. At the time of writing, bitcoin is trading at $20,103, down 6% over the past seven days and down 14% over the past 30 days.

What do you think of Rich Dad Poor Dad author Robert Kiyosaki’s comments and advice? Let us know in the comments section below.

Source: Bitcoin.com



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