Rich Dad Poor Dad Author Warns of Stocks and Bonds Crashing, Depression, Civil Unrest

Rich Dad Poor Dad's author Robert Kiyosaki has predicted that the United States is headed for depression and civil unrest. He said that stock and bond markets will crash too.

In a series of tweets sent last week, Kiyosaki has once again issued more warnings about the U.S. economy. The author claimed that liberals and environmentalists are to blame for a reduction in oil production, which he said caused inflation, while stimulus checks paid workers not to work.

The author also noted that inflation is killing retailers, even giant corporations like Target and Walmart, noting that shoppers are out of money.

The Rich Dad Poor Dad author has warned against depression time and again. In April, he cautioned that depression and hyperinflation are here, advising investors to buy gold, silver, and bitcoin.

Earlier this month, Kiyosaki said he remained bullish on Bitcoin and is planning to buy more BTC when the bottom is in. He said that he expects that it could be as low as $17K.

In a tweet on May 11, Kiyosaki said, “Bitcoin will win because America is led by the 3 stooges. Stooge #1 President Biden. Stooge #2 Secretary of Treasury Yellen. Stooge #3 Fed Chairman Powell. I trust BITCOIN not the 3 Stooges."

Kiyosaki has expressed his distrust toward the Biden administration, Wall Street, and the Fed. The author who endorsed Donald Trump has also been recommending that investors buy Bitcoin.

Last month, Kiyosaki called the government, Wall Street, and the Federal Reserve “thieves.”

In March, Kiyosaki said the U.S. dollar was about to implode and recommended buying gold, silver, BTC, ETH, and SOL as investments at the time.