- Kiyosaki blames President Joe Biden, his administration, and the Federal Reserve.
- In the past, Kiyosaki has warned about inflation several times.
Robert Kiyosaki, the author of Rich Dad, Poor Dad, has offered advice to his 1.8 million Twitter followers on how to benefit from inflation. Robert Kiyosaki. Kiyosaki and Sharon Lechter penned Rich Dad, Poor Dad in 1997. It is New York Times bestseller list for six years running now. In over 51 languages, the book has sold more than 32 million copies in over 109 countries.
On Friday, Kiyosaki tweeted:
“How to profit from inflation. Biden wants inflation. I counter his criminal actions by investing in Texas and N. Dakota oil. Just bought a gold mine in Utah. Investing in Texas apartments houses. Saving gold, silver, bitcoin … Invest like a capitalist.”
Foresaw Downturn Coming
In the past, Kiyosaki has warned about inflation several times. He blames President Joe Biden, his administration, and the Federal Reserve for the demise of the American currency. He also foresaw a downturn coming last year. On top of that, he indicated in November that rising inflation fears prompted him to acquire additional precious metals and commodities like oil and Bitcoin and Ethereum.
A few times lately, the acclaimed novelist has spoken out regarding the conflict between Russia and Ukraine. On the 26th of February, the Ukrainian government started soliciting contributions in cryptocurrencies. Blockchain analytics platform Elliptic reports that since Russia launched its invasion of Ukraine, the Ukrainian government and a charity group supporting the Ukrainian military have generated about $60 million in crypto contributions. Moreover, the price surge of major coins came to a brief halt after having a rally over the last week.