The popular author of the very popular book Rich Dad Poor Dad, Robert Kiyosaki, has actually alerted that the Federal Reserve’s continued rate hikes will crash stocks, bonds, realty, along with the U.S. dollar. He anticipates the next crash to be the “$1 quadrillion derivatives market.”
Robert Kiyosaki on Interest Rate Hikes, Market Crashes
The author of Rich Dad Poor Dad, Robert Kiyosaki, restated his cautions of market crashes and the risk of the Federal Reserve raising rate of interest today. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has actually been on the New York Times Best Seller List for over 6 years. More than 32 million copies of the book have actually been offered in over 51 languages throughout more than 109 nations.
Kiyosaki tweeted Thursday:
Raising rate of interest will crash stocks, bonds, realty, & $ U.S. dollar. Next crash: $1 quadrillion derivatives market. $1 quadrillion is $1 thousand trillion.
The Federal Reserve raised rate of interest by 25 basis points (bps) on Wednesday. While a variety of individuals anticipate the Fed to begin cutting rates quickly, Fed Chair Jerome Powell stated that rate cuts are not in the Fed’s base case.
This was not the very first time Kiyosaki has actually alerted about stocks, bonds, realty, and the U.S. dollar crashing. Last week, the popular author talked about a “crash landing ahead” as bank bailouts started following the collapse of significant banks, consisting of Silicon Valley Bank and Signature Bank. He also anticipated completion of the U.S. dollar, calling the USD “fake money.”
The popular author also just recently anticipated that the world economy is on the edge of collapse, anticipating bank runs, frozen cost savings, and bail-ins. In February, he stated that whatever will crash. Earlier this year, he stated we remain in an international economic crisis, caution of skyrocketing insolvencies, joblessness, and homelessness.
What do you consider Rich Dad Poor Dad author Robert Kiyosaki’s crash cautions? Let us understand in the comments area below.
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