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![Robert Kiyosaki Warns Stock, Bond, Real Estate Will Crash as Fed Continues Rate Hikes — Advises Buy Bitcoin Before Fed Pivot](https://static.news.bitcoin.com/wp-content/uploads/2022/10/kiyosaki-fed.jpg)
The well-known creator of the best-selling e book Wealthy Dad Poor Dad, Robert Kiyosaki, has warned that inventory, bond, and actual property markets will crash because the Federal Reserve continues to lift rates of interest. Noting that the Fed will pivot, he advises traders to purchase bitcoin.
Robert Kiyosaki Recommends Shopping for Bitcoin Earlier than Fed Pivot
The creator of Wealthy Dad Poor Dad, Robert Kiyosaki, has suggested traders to purchase bitcoin earlier than the Fed pivots, reiterating that the Federal Reserve’s rate of interest hikes will destroy the U.S. economic system. Wealthy Dad Poor Dad is a 1997 e book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Occasions Finest Vendor Listing for over six years. Greater than 32 million copies of the e book have been bought in over 51 languages throughout greater than 109 nations.
Kiyosaki tweeted early Saturday morning that the costs of gold and silver are plunging because the Federal Reserve continues to lift rates of interest. He warned that price hikes will kill the U.S. economic system, cautioning that inventory, bond, and actual property markets will crash. He confused that the Fed will pivot, advising traders to purchase gold, silver, and bitcoin earlier than the Fed pivot happens.
Many economists and strategists have predicted that the Fed is not going to pivot anytime quickly. Strategists and fund managers instructed Reuters’ International Market Discussion board Friday {that a} Fed pivot just isn’t on the horizon at the same time as over-tightening dangers loom. They consider that there’s a better probability of the Federal Reserve elevating rates of interest too far and tipping the U.S. economic system right into a recession.
Financial institution of America’s strategists, led by Michael Hartnett, wrote in a be aware Friday that it’s too early for a Fed coverage pivot “absent sudden collapse in inflation & payrolls.” JPMorgan strategist Julia Wang mentioned Thursday {that a} Fed pivot is unlikely within the close to future given persistent inflation. She instructed Bloomberg: “For us to get to a degree the place labor market circumstances are extra basically in line with the Fed’s inflation goal, we expect will most likely take us to finish of subsequent yr. So therefore, that’s why we count on a pivot actually solely in This fall 2023.”
This was not the primary time that the famend creator mentioned Fed price hikes will destroy the U.S. economy. He gave the same warning in September.
Final week, Kiyosaki mentioned the U.S. dollar is toast citing Saudi Arabia’s request to affix the BRICS nations. Furthermore, he predicted that the U.S. dollar will crash by January and warned about World War III.
The Wealthy Dad Poor Dad creator has been pushing bitcoin for fairly a while. Earlier this month, he defined the explanation he buys BTC. He has distinguished the most important crypto from faux cash on a number of events, emphasizing that the end of fake money is right here. Kiyosaki additionally lately urged traders to get into crypto now earlier than the largest financial crash occurs.
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