Robert Kiyosaki Says Fed Rate Hikes Will Crash Stocks, Bonds, Real Estate, and US Dollar

The well-known creator of the best-selling e-book Rich Dad Poor Dad, Robert Kiyosaki, has warned that the Federal Reserve’s continued fee hikes will crash shares, bonds, actual property, in addition to the U.S. greenback. He expects the following crash to be the “$1 quadrillion derivatives market.”

Robert Kiyosaki on Interest Rate Hikes, Market Crashes

The creator of Rich Dad Poor Dad, Robert Kiyosaki, reiterated his warnings of market crashes and the hazard of the Federal Reserve elevating rates of interest this week. Rich Dad Poor Dad is a 1997 e-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 e-book have been offered in over 51 languages throughout greater than 109 international locations.

Kiyosaki tweeted Thursday:

Raising rates of interest will crash shares, bonds, actual property, & $ U.S. greenback. Next crash: $1 quadrillion derivatives market. $1 quadrillion is $1 thousand trillion.

The Federal Reserve raised rates of interest by 25 basis points (bps) on Wednesday. While numerous individuals count on the Fed to start cutting rates quickly, Fed Chair Jerome Powell stated that rate cuts will not be within the Fed’s base case.

This was not the primary time Kiyosaki has warned about shares, bonds, actual property, and the U.S. greenback crashing. Last week, the well-known creator mentioned a “crash landing ahead” as financial institution bailouts started following the collapse of main banks, together with Silicon Valley Bank and Signature Bank. He additionally predicted the end of the U.S. dollar, calling the USD “fake money.”

The famend creator additionally just lately predicted that the world economic system is on the verge of collapse, anticipating financial institution runs, frozen financial savings, and bail-ins. In February, he stated that everything will crash. Earlier this 12 months, he stated we’re in a global recession, warning of hovering bankruptcies, unemployment, and homelessness.

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