Rich Dad Poor Dad author Robert Kiyosaki says the U.S. economy is not strong and America is broke. Noting that the stock market is going up because President Joe Biden raised the debt ceiling, he emphasized that he still prefers gold, silver, and bitcoin.
Robert Kiyosaki’s Latest Economic Warnings
The author of Rich Dad Poor Dad, Robert Kiyosaki, is back with more warnings about the U.S. economy. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.
Kiyosaki slammed the Wall Street Journal in a tweet on Sunday for claiming that the U.S. economy is strong. He explained that the stock market is up because President Joe Biden signed into law the agreement to raise the debt ceiling. Emphasizing that “America is broke,” he emphasized that he still prefers gold, silver, and bitcoin.
On July 14, Kiyosaki similarly explained that the stock market is “taking off” because the U.S. government has “removed” the debt ceiling. He cautioned that it means the national debt will rise with the stock market.
The renowned author has repeatedly conveyed his belief that the Biden administration and the Federal Reserve are destroying the U.S. economy and the value of the U.S. dollar.
Moreover, Kiyosaki predicted in June that more banks are about to fail. He stated that regional banks in the U.S. are being wiped out because of Fed policies.
This year has witnessed a series of bank failures in the U.S. Last week, Heartland Tri-State Bank collapsed. Prior to that, on March 10, Silicon Valley Bank was closed by the California Department of Financial Protection and Innovation, followed by the closure of Signature Bank by the New York State Department of Financial Services on March 12. Additionally, on May 1, First Republic Bank met a similar fate and was closed by the California Department of Financial Protection and Innovation. Furthermore, Silvergate Bank made an announcement of voluntary liquidation.
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