Robert Kiyosaki, the renowned author of the bestselling book Rich Dad Poor Dad, has emphasized his concern about an impending crash of the U.S. economy after a prominent American credit rating agency downgraded the U.S. rating. “Brace for crash landing. Sorry for the bad news,” Kiyosaki said.
Robert Kiyosaki’s Crash Landing Warning
The author of Rich Dad Poor Dad, Robert Kiyosaki, has reiterated his warning about the U.S. economy heading for a “crash landing.” His cautionary message followed the decision by Fitch Ratings, one of the top three credit rating agencies in the U.S., to downgrade the U.S. debt rating from AAA to AA+.
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 tweeted Wednesday:
First shoe to drop. Fitch rating services downgrades U.S. credit rating from AAA to AA+. Brace for crash landing. Sorry for the bad news yet I have been warning for over a year the Fed, Treasury, big corp CEOs have smoking fantasy weed. Take care.
The famous author has been warning about an impending economic crash for quite some time. In May, he stated that he believes the U.S. economy is headed for a crash landing, rather than a soft landing or a hard landing as some economists have suggested. Last month, he said that a giant crash is coming and the end of the U.S. dollar is approaching. He emphasized that he still recommends gold, silver, and bitcoin, noting that these three investments are the best for unstable times.
This week, Kiyosaki said the U.S. economy is not strong and America is broke. He further predicts an increase in bank failures, attributing blame to the Biden administration and the Federal Reserve for destroying regional banks. Kiyosaki warned that regional banks are being wiped out due to Fed policies. Moreover, he anticipates that the BRICS nations (Brazil, Russia, India, China, and South Africa) will introduce a common currency that will kill the U.S. dollar.
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