Interest rate increases will destroy the US economy

Robert Kiyosaki advises investing in "real money" as US economy is threatened

Famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, warns that the Federal Reserve will destroy the US economy with interest rate hikes. As such, he advises people all over the world to invest in "real money" and gives the example of Bitcoin first. The BTC / USD exchange rate drops slightly in the last session of this week, hovering around the level of USD 20,000 per coin.

Robert Kiyosaki on Fed interest rate hikes, US economy and Bitcoin

Kiyosaki returns with more warnings about the US economy as well as advice on where investors should put their money. Rich Dad Poor Dad is a book that was written in 1997 and co-authored by Kiyosaki and Sharon Lechter. This author's brilliant work has been on the New York Times bestseller list for six years. 32 million copies of this work have been sold in over 51 languages ​​in 109 countries.

On Friday, Kiyosaki tweeted that "savers are the biggest losers," explaining:

- Today the US debt is in the hundreds of trillions of dollars. REAL INFLATION is 16%, not 7%. The interest rate hike that the Fed will carry out will destroy the US economy. Savers will be the biggest losers. Invest in REAL MONEY. Gold, Silver and Bitcoins.

Many economists, for example from the investment firm Nomura Securities, forecast an increase of up to 100 basis points in the Fed reference rate next week.

Some experts, such as Tesla CEO Elon Musk and Ark Invest CEO Cathie Wood, are currently warning that a severe Fed rate hike threatens to deflation and massacre the entire US economy.

Kiyosaki has repeatedly warned that one of the greatest disasters in human history is coming. In April, he predicted all markets would collapse. Previously, he recommended investing in gold, silver and Bitcoin. However, he recently came to the conclusion that gold today is expensive and it is smarter to bet on silver.

Bitcoin (BTC) is struggling to stay at $ 20,000

The famous author of the best-selling book has been advising investors and speculators to buy Bitcoin for a long time. He states that he has been waiting for several months for the oldest cryptocurrency to drop before he personally decides to enter the market. After disclosing that he was waiting for BTC to plunge to $ 1,100, the writer then said in July that he was finally ready to buy the king of cryptocurrencies. At the time of writing this article, the value of BTC is less than $ 20,000, which means a drop by 7.5% in the last seven days and by as much as 14% in the last month.

Daily BTCUSD rate, tradingview