Rich Dad Poor Dad author Robert Kiyosaki believes the US may be spiraling toward another crash and a great depression.
According to Kiyosaki, the world’s mounting debts and the geopolitical tension between Russia and Ukraine could jumpstart a major economic downturn.
“EVERYTHING BUBBLE turning into EVERYTHING BUST. Could this be start of biggest depression ever? I am concerned.”
In a new interview with Cambridge House International CEO and president, Jay Martin, Kiyosaki says countries of all shapes and sizes are beginning to recognize the detrimental impact of inflation.
“I think people are kind of waking up that inflation is here and inflation might be here to stay and the problem with inflation is, my personal thing about it, it makes the rich richer but it makes the poor poorer, I mean literally poorer. Then the middle class is hit the hardest.”
He says that to hedge against inflation he is investing heavily in oil.
“I’m an oil guy. I own lots of oil… I don’t know if you know this, but oil provides fertilizer and fertilizer is what keeps the crops growing, so you’re going to see food prices climb and the cost of getting the food to the supermarkets and all this, it’s going to get worse.”
Kiyosaki says there are few options for investors in the current economic climate. His dour outlook on the dollar has him bullish on gold, silver and Bitcoin (BTC).
“I’m very bullish on gold. I have control of tons of gold, not just ounces and because to me, gold has been money since God came around, gold and silver are God’s money, Bitcoin is people’s money.”
IDon't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/DM7