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The well-known creator of the best-selling ebook Wealthy Dad Poor Dad, Robert Kiyosaki, has warned that the Federal Reserve’s continued charge hikes will crash shares, bonds, actual property, in addition to the U.S. greenback. He expects the subsequent crash to be the “$1 quadrillion derivatives market.”
Robert Kiyosaki on Curiosity Charge Hikes, Market Crashes
The creator 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 ebook co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Instances Greatest Vendor Listing for over six years. Greater than 32 million copies of the ebook have been offered 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 basis points (bps) on Wednesday. Whereas numerous folks count on the Fed to start cutting rates quickly, Fed Chair Jerome Powell stated that rate cuts will not be 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 creator mentioned a “crash landing ahead” 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 end of the U.S. dollar, calling the USD “fake money.”
The famend creator additionally not too long ago predicted that the world economic system is on the verge of collapse, anticipating financial institution runs, frozen financial savings, and bail-ins. In February, he stated that everything will crash. Earlier this yr, he stated we’re in a global recession, warning of hovering bankruptcies, unemployment, and homelessness.
What do you concentrate on Wealthy Dad Poor Dad creator Robert Kiyosaki’s crash warnings? Tell us within the feedback part beneath.
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