Robert Kiyosaki says real estate, stocks, gold, silver and bitcoin markets are collapsing

Referring to his earlier prediction of a crash larger than the 2008 financial crisis, Kiyosaki said, “This crash has happened. Millions of people will be wiped out“.

Robert Kiyosaki predicts crashes in the markets.

The author of Rich Dad Poor DadRobert Kiyosaki, returns with dire warnings about stock market crashes. Rich Dad Poor Dad is a book published in 1997 and co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times bestseller list for more than six years. More than 32 million copies of the book have been sold in over 51 languages and in more than 109 countries.

Robert Kiyosaki described in a tweet Friday that all markets are collapsing and the middle class will be wiped out by “higher oil inflation“. He wrote:

All markets collapse: real estate, stocks, gold, silver, bitcoin. The middle class is wiped out by oil inflation.

On Sunday, he followed up with a tweet referring to a book he published in October 2013 titled “Rich Dad’s Prophecy: Why the biggest stock market crash in history is yet to come… And how you can prepare for and profit from it!“.

He detailed that 2008 was a great time to get rich since everything was “on sale“. Referring to his prediction of a larger crash described in his book, the renowned author wrote: “That crash has come. Millions of people will be wiped out“.

2008 was great time to get rich. Everything went on sale. Borrowed millions of dollars buying real estate bargains. 2013 I published Rich Dads Prophecy predicting BIGGER crash coming. THAT CRASH is HERE. Millions will be wiped out. Pls do not be one of them. Time you get richer.

– therealkiyosaki (@theRealKiyosaki) August 28, 2022

Robert Kiyosaki urged his 2 million followers on Twitter not to be among the victims, adding that it was time for them to “get rich“. Last week, he explained that “it’s not what’s in your wallet…it’s what’s in your head“, emphasizing, “First change what’s in your head…then get richer.“

The famous author has warned of stock market crashes on several occasions. He recently predicted the biggest bond crash since 1788, stating that stocks and bonds will collapse. Stating that a depression and civil unrest are coming, he also warned that inflation could lead to the Great Depression.

Last week he revealed that he had changed his mind about Treasuries after listening to economist Harry Dent. The Rich Dad Poor Dad author has long recommended that investors buy gold, silver and bitcoin, pointing out that the U.S. dollar is dying. In July, he said silver is the best investment value today.

Kiyosaki has also been waiting to buy bitcoin at a lower price. In June, he said he was waiting for the crypto-currency to test $1,100 before buying. In July, he noted that he was in a cash position waiting to buy BTC. This week, BTC fell below $20,000. Bitcoin is trading at $19,629, down more than 9 percent in the past seven days. The global crypto-currency market is worth about $944 billion, according to data from Coinmarketcap.