Reserve

Cryptocurrency

Jerome Powell

<div class="finbold"> 
 <p class="paragraph">Reiterating his 2012 warnings of a major financial <a rel="dofollow" title="crash" href="https://thebittimes.com/tag/crash.html">crash</a>, the renowned investor and author of the best-selling personal finance book <em>‘Rich Dad Poor Dad’</em> Robert Kiyosaki has shared his view that the “soft landing” earlier announced by the United States Federal Reserve chair Jerome Powell was not very likely.</p> 
 <div></div>
 <p class="paragraph">Specifically, Kiyosaki referred to his expectation as a “fantasy,” alerting of the strong potential for a “<a rel="dofollow" title="crash" href="https://thebittimes.com/tag/crash.html">crash</a> landing” instead, adding that this <a rel="dofollow" title="crash" href="https://thebittimes.com/tag/crash.html">crash</a> could turn into a depression and urging his followers to vote conservative, according to the X post he published on December 7.</p> 
 <figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper"> 
   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">Soft landing is a fantasy. Crash landing more likely. I warned of this giant <a rel="dofollow" title="crash" href="https://thebittimes.com/tag/crash.html">crash</a> in my book Rich Dads Prophecy pub 2012. This next <a rel="dofollow" title="crash" href="https://thebittimes.com/tag/crash.html">crash</a> may turn into a Depression. 2024 is an election year. Please vote conservative not for liberal woke greenie Marxists like Biden. If Liberals…</p>— Robert Kiyosaki (@theRealKiyosaki) December 7, 2023
   </blockquote> 
  </div>
 </figure> 
 <h2 class="wp-block-heading" id="h-fighting-against-woke-greenies">Fighting against ‘woke greenies’</h2> 
 <p class="paragraph">As it happens, the finance educator’s recent statement echoes his previous sentiment of the necessity to fight against “woke greenie Marxists,” which is how he refers to the current US government headed by President Joe Biden. Indeed, he believes that electing liberals again would turn the US into a Marxist state.</p> 
 <p class="paragraph">Earlier, Kiyosaki explained that one of the ways to fight against these “woke greenies” who, in his view, prefer higher gas prices induced by the war in the Middle East as they want to “make the poor poorer,” is to buy Bitcoin (BTC), silver, and gold, i.e., alternatives to fiat money, particularly the “fake” US dollar.</p> 
 <div class="not-prose relative overflow-auto scrollbar-hide mb-8 mt-8"> 
  <div class="relative w-full flex gap-6 snap-x snap-mandatory overflow-x-auto"> 
   <div class="max-w-[300px]"> 
    <div class="py-0 first:pt-0 last:pb-0"> 
     <div class="flex gap-x-4"> 
      <div class="shrink-0  w-24"> 
       <img data-src="https://cdn.thebittimes.com/images/2023/12/07/fcc31aa80223408b7cfc2726da4d67ca.webp" alt class=" w-full rounded-md lazy"> 
      </div> 
      <div>
        Cryptocurrency 
       <h3 class="font-bold leading-6 " id="bitcoin-privacy-wallet-says-jack-dorsey-s-mining-pool-censored-their-transactions"> Bitcoin privacy wallet says Jack Dorsey’s mining pool censored their transactions </h3> 
       <div class="sm:flex gap-x-3 mt-2"> 
       </div> 
      </div> 
     </div> 
    </div> 
   </div> 
   <div class="max-w-[300px]"> 
    <div class="py-0 first:pt-0 last:pb-0"> 
     <div class="flex gap-x-4"> 
      <div class="shrink-0  w-24"> 
       <img data-src="https://cdn.thebittimes.com/images/2023/12/07/13010f77f4c0b870702d1023deff41ff.webp" alt class=" w-full rounded-md lazy"> 
      </div> 
      <div>
        Cryptocurrency 
       <h3 class="font-bold leading-6 " id="sec-filings-mentioning-bitcoin-soar-to-record-highs"> SEC filings mentioning Bitcoin soar to record highs </h3> 
       <div class="sm:flex gap-x-3 mt-2"> 
       </div> 
      </div> 
     </div> 
    </div> 
   </div> 
   <div class="max-w-[300px]"> 
    <div class="py-0 first:pt-0 last:pb-0"> 
     <div class="flex gap-x-4"> 
      <div class="shrink-0  w-24"> 
       <img data-src="https://cdn.thebittimes.com/images/2023/12/07/db68d6c42164e5f2bec48527d2ccdb58.webp" alt class=" w-full rounded-md lazy"> 
      </div> 
      <div>
        Cryptocurrency 
       <h3 class="font-bold leading-6 " id="here-s-how-much-bitcoin-is-up-since-jim-cramer-said-sell-9-months-ago"> Here’s how much Bitcoin is up since Jim Cramer said sell 9 months ago </h3> 
       <div class="sm:flex gap-x-3 mt-2"> 
       </div> 
      </div> 
     </div> 
    </div> 
   </div> 
   <div class="max-w-[300px]"> 
    <div class="py-0 first:pt-0 last:pb-0"> 
     <div class="flex gap-x-4"> 
      <div class="shrink-0  w-24"> 
       <img data-src="https://cdn.thebittimes.com/images/2023/12/07/37ad43f73e83c77d2b28a1bc0daef495.webp" alt class=" w-full rounded-md lazy"> 
      </div> 
      <div>
        Cryptocurrency 
       <h3 class="font-bold leading-6 " id="grayscale-ceo-fires-back-at-jamie-dimon-s-desire-to-close-down-crypto"> Grayscale CEO fires back at Jamie Dimon's desire to 'close down' crypto </h3> 
       <div class="sm:flex gap-x-3 mt-2"> 
       </div> 
      </div> 
     </div> 
    </div> 
   </div> 
   <div class="max-w-[300px]"> 
    <div class="py-0 first:pt-0 last:pb-0"> 
     <div class="flex gap-x-4"> 
      <div class="shrink-0  w-24"> 
       <img data-src="https://cdn.thebittimes.com/images/2023/12/07/fdecc81a949bc889288e74cb6c59e086.webp" alt class=" w-full rounded-md lazy"> 
      </div> 
      <div>
        Cryptocurrency 
       <h3 class="font-bold leading-6 " id="a-bitcoin-transaction-fee-now-costs-the-average-global-daily-income"> A Bitcoin transaction fee now costs the average global daily income </h3> 
       <div class="sm:flex gap-x-3 mt-2"> 
       </div> 
      </div> 
     </div> 
    </div> 
   </div> 
  </div> 
 </div> 
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment"> 
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;"> 
  </div> 
 </div> 
 <p class="paragraph">Indeed, as he recently warned of an imminent market collapse and the possibility of the next Great Depression because of the “three stooges” running the White House, the US Treasury, and the Federal Reserve, the author advised buying silver, gold, and Bitcoin to prepare for and survive the “really hard times ahead.”</p> 
 <p class="paragraph">Meanwhile, the Fed Chair recently made an optimistic statement regarding the US economy, arguing that the wider outlines of the anticipated “soft landing” seemed to have taken shape, with the job market still going strong amid spending and output slowdowns and easing price pressures.</p> 
 <p class="paragraph"> </p>
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/rich-dad-kiyosaki-warns-next-crash-may-turn-into-a-depression-tbt72932.html">https://thebittimes.com/rich-dad-kiyosaki-warns-next-crash-may-turn-into-a-depression-tbt72932.html</a></p>

‘Rich Dad’ Kiyosaki warns next crash ‘may turn into a Depression’

Table of Contents

TheBitTimes

Other articles published on Dec 7, 2023

SEC Inching Closer to Approving Bitcoin ETFs

ChainGPT Integrates Chainlink CCIP to Help Unlock Cross-Chain Crypto AI Hub

Republicans debate cryptocurrency and regulation

Robinhood introduces commission-free crypto trading app

Shiba Inu Burn Rate Surges 800% As Whale Moves 4 Tln SHIB, Rally To Continue?

Bitcoin’s market triumph: InQubeta and Injective poised for gains

Join our free newsletter for daily crypto updates!