Robert Kiyosaki Warns of Imminent Crash, Fed Rate Hikes to Blame – Economics Bitcoin News

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Robert Kiyosaki, well-known author of the best-selling book Rich Dad Poor Dad, has warned of a looming danger. The Federal Reserve’s continued rate hikes could trigger a crash in stocks, bonds, real estate, and the US dollar, while the $1 quadrillion derivatives market would be next in line.

Robert Kiyosaki On Interest Rate Hikes, Market Crashes

The co-author of Rich Dad Poor Dad, Robert Kiyosaki, echoed his warnings regarding market crashes and Federal Reserve rate hikes this week. The 1997 book, which he wrote together with Sharon Lechter, has held a spot on The New York Times Best Seller list for over six years and has been translated into 51 languages across 109 countries. 32 million copies of the book have been sold globally.

On Thursday, Kiyosaki tweeted:

Raising interest rates will crash stocks, bonds, real estate, & $ U.S. dollar. Next crash: $1 quadrillion derivatives market. $1 quadrillion = $1 thousand trillion

In line with his prediction, the Federal Reserve raised interest rates by 25 basis points on Wednesday. While some people anticipate the Fed to reduce rates as soon as possible, Fed Chair Jerome Powell has stated that rate cuts are not possible according to the Fed’s base case.

This is not the first time Kiyosaki has warned of an impending collapse in stocks, bonds and real estate. Last week, he discussed a “crash landing ahead” following the collapses of Silicon Valley Bank and Signature Bank. Moreover, the famous author predicted the demise of the US currency, calling it “fake money.”

Kiyosaki recently predicted a world economy collapse. He expects bank runs, savings freezes, bail-ins, and more. In February, he said that everything would crash, and in the same month he warned of rising bankruptcies, high unemployment and homelessness this year.

What do you think of Robert Kiyosaki’s crash warnings? Please let us know by commenting below.

Kevin Helms

A student of Austrian Economics, Kevin Found Bitcoin In 2011, he became an evangelist. His interests lie in Bitcoin Security, open-source software, network effects, and the intersection of economics and cryptography.

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