© Reuters
Robert Kiyosaki, the famous author of the best-selling personal finance book “Rich Dad Poor Dad”, has warned that the current inflation situation in the United States is likely to get worse.
In a tweet posted on Wednesday, Kiyosaki urged investors to take action and put money into investment products such as gold, silver and luxury brands before they become too expensive in the event of ” systemic inflation”.
Kiyosaki also suggested that capitalism was threatened with extinction in the face of rising interest rates. Interestingly, the investor previously sounded the alarm, saying the interest rate situation would likely lead to a stock market crash.
“Shop till you drop. Falling retail prices. Rising interest rates are killing capitalism. Big brands are going on sale. Buy before systemic inflation is brought under control. Inflation is systemic and not transitory. Buy Prada, Panerai, Polo, gold, silver, CB before brands get expensive,” he said.
In another tweet posted on the same day, Kiyosaki also made a point of clarifying the intended audience of his tweets. The author, who has repeatedly warned of an impending global economic crash, said his messages were not aimed “at the poor or the middle class”.
“FOR YOUR INFORMATION. You can see that my tweets are not aimed at poor or middle class mindsets. It’s just mindsets.” If you think it is better to be poor and money is evil, then be poor. If you think middle class is best for you, stay in school. If you want to be rich, Rich Dad, enrich your mentality,” he said.