The well-known writer of the best-selling e book Wealthy Dad Poor Dad, Robert Kiyosaki, has warned that the Federal Reserve’s continued price hikes will crash shares, bonds, actual property, in addition to the U.S. greenback. He expects the following crash to be the “$1 quadrillion derivatives market.”
Robert Kiyosaki on Curiosity Price Hikes, Market Crashes
The writer of Wealthy Dad Poor Dad, Robert Kiyosaki, reiterated his warnings of market crashes and the hazard of the Federal Reserve elevating rates of interest this week. Wealthy Dad Poor Dad is a 1997 e book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Instances Finest Vendor Record for over six years. Greater than 32 million copies of the e book have been bought in over 51 languages throughout greater than 109 international locations.
Kiyosaki tweeted Thursday:
Elevating rates of interest will crash shares, bonds, actual property, & $ U.S. greenback. Subsequent crash: $1 quadrillion derivatives market. $1 quadrillion is $1 thousand trillion.
The Federal Reserve raised rates of interest by 25 foundation factors (bps) on Wednesday. Whereas a variety of folks count on the Fed to begin reducing charges quickly, Fed Chair Jerome Powell stated that price cuts usually are not within the Fed’s base case.
This was not the primary time Kiyosaki has warned about shares, bonds, actual property, and the U.S. greenback crashing. Final week, the well-known writer mentioned a “crash touchdown forward” as financial institution bailouts started following the collapse of main banks, together with Silicon Valley Financial institution and Signature Financial institution. He additionally predicted the tip of the U.S. greenback, calling the USD “faux cash.”
The famend writer additionally lately predicted that the world economic system is on the breaking point, anticipating financial institution runs, frozen financial savings, and bail-ins. In February, he stated that every part will crash. Earlier this 12 months, he stated we’re in a worldwide recession, warning of hovering bankruptcies, unemployment, and homelessness.
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