Robert Kiyosaki, author of the personal finance book “Rich Dad, Poor Dad,” believes that the Federal Reserve’s current policy of curbing inflation is acting as a catalyst for economic collapse.
He said rising interest rates are hurting the economy, with stocks, bonds and real estate taking the brunt of the losses, he wrote in an Oct. 29 tweet. However, bitcoin (BTC) and precious metals can provide investors with a safety cushion.
Gold and silver prices are falling as the Fed continues to raise interest rates. Silver is out of stock, so I’m buying physical gold coins. Higher interest rates will kill the economy.
Stocks, bonds and real estate will collapse. The Fed will change its mind. Buy gold, silver and bitcoin before the Fed turns around,” Kiyosaki wrote.
It’s worth noting that Kiyosaki has long accused the Federal Reserve of triggering an economic collapse with anti-inflationary means. He emphasizes that this agency is responsible for the rapid growth of inflation.
➤ Link to Getsomecoins’s Telegram Channel is here.