- The Rich Dad, Poor Dad author urges to invest in ‘Real Money’ following a dollar crash.
- “Savers will be the biggest losers. Invest in silver, gold, and bitcoin,” says Robert Kiyosaki.
- Kiyosaki believes that the U.S dollar will follow the British Pound soon enough.
Robert Kiyosaki, the author of the famous best-selling book “Rich Dad, Poor Dad,” urges to invest in ‘Real Money’ following an imminent dollar crash.
In a Twitter thread, Kiyosaki claims that “Savers are losers.” Furthermore, he states that the US debt is about 100s of trillions and the Federal Reserve System (FED) raising interest rates will destroy the US economy; therefore, investing in real money, such as gold, silver and Bitcoin, is the key.
Following the British Pound crash and the Bank of England announcing that it would buy up as much government debt to calm markets, Kiyosaki shared his opinions on the U.S dollar following the British Pound.
Will US dollar follow English Pound Sterling? I believe it will. I believe US dollar will crash by January 2023 after Fed pivots. To profit from crash of US [dollar] I bought many more US silver Buffalo rounds. Silver is a bargain. I will not be a victim of the F*CKed FED. Take care
In a recent tweet, Kiyosaki noted that gold, silver, and bitcoin would be great opportunities as the FED keeps raising interest rates.
“Buying opportunity: if FED continues raising interest rates, the US dollar will get stronger, causing gold, silver, and bitcoin prices to go lower. When the FED pivots and drops interest rates as England just did, you will smile while others cry.”
Furthermore, the FED raised the federal funds rate by 75bps to the 3%-3.25% range during September, according to statistics by Trading Economics. Moreover, per Jerome Powell’s press conference transcript, Powell commented:
“We have got to get inflation behind us. I wish there were a painless way to do that, but there isn’t. So, we need to get rates up to the point where we’re putting meaningful downward pressure on inflation.”
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