- Kiyosaki says the Fed will destroy the US economy by raising interest rates.
- The Federal Reserve is widely expected to raise interest rates by 75 basis points.
American businessman and author Robert Toru Kiyosaki has once again supported cryptocurrencies. In a recent tweet, he claimed that the US central banking system, the Federal Reserve, would destroy the US economy by raising interest rates. He also suggested that investors put their money into “real money,” referring to bitcoin.
through tweetRobert Kiyosaki put forth his most famous book, Rich Dad Poor Dad, in which he said that “savers are losers,” and reminded his audience of this again.
Today, the US debt is in the 100s of trillions. Real inflation is 16%, not 7%. The Fed raising interest rates will destroy the US economy. The savers will be the biggest losers. Invest in real money. Gold, Silver and Bitcoin.
Kiyosaki Cryptocurrency Support
Kiyosaki regularly issued warnings about the market crash. He has previously claimed that the biggest crash in history is imminent and that all markets will collapse in April. Recently, he urged people to invest in cryptocurrency immediately, by specifying “Now is the time you need to get into crypto.”
Moreover, the US Federal Reserve is widely expected to raise interest rates by 75 basis points at the next meeting of the Federal Open Market Committee (FOMC) scheduled for September 20-21, despite the massive rate increase of 2 100 basis points, or 1 percentage point, is a possibility as well. The Fed has made clear that it is focused on taming scorching US inflation, even if that means sacrificing demand-destroying economic growth. As a result, the majority of economists expect a significant rise in interest rates.
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