Persistently high inflation and slowing economic growth have worried investors as the Federal Reserve has signaled more rate hikes may be on the way.
Author of Rich Dad, Poor Dad. Robert Kiyosaki took to Twitter on Sunday to warn of what’s in store for the economy and investors.
The best-selling author highlighted the huge mountain of debt in the United States. He expressed the same concern in a tweet on Friday. “Today, the US debt is in the hundreds of trillions,” he said.
On Sunday, Kiyosaki said the US had kept interest rates low, and those low interest rates forced the country to borrow more dollars to buy more US bonds. This caused inflation to rise, which in turn forced the Fed to raise interest rates, ultimately causing the debt to become too expensive, he said.
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Kiyosaki flashed the dollar warning again. “The US dollar is dying,” he said.
His recommendation for investors is to buy gold, silver and more Bitcoin BTC/USD.
Last Monday, Kiyosaki said silver would stay at $20 for three to four years and then go parabolic and climb to $100 to $500. He explained that everyone could now afford silver, including the poor, and recommended buying silver now.
Photo: Created with an image provided by Gage Skidmore via Wikipedia
