Bitcoin News and Finance Rich Dad Poor Dad’s Robert Kiyosaki Changes His Mind About Treasury Bonds — Says ‘Time to Open My Closed Mind’ Skip to main content

Rich Dad Poor Dad’s Robert Kiyosaki Changes His Mind About Treasury Bonds — Says ‘Time to Open My Closed Mind’

Rich Dad Poor Dad's Robert Kiyosaki Changes His Mind About Treasury Bonds — Says 'Time to Open My Closed Mind'

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says it’s time to open his closed mind after listening to economist Harry Dent. He is now buying 2-year U.S. Treasury bonds despite repeatedly saying he does not invest in anything printed by the Federal Reserve or Wall Street.

Robert Kiyosaki Influenced by Harry Dent, Buys Treasury Bonds

The author of Rich Dad Poor Dad, Robert Kiyosaki, is opening his “closed mind” and buying 2-year U.S. Treasury bonds after listening to economic forecaster Harry Dent.

Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.

Kiyosaki tweeted Tuesday:

Opening my closed mind. I don’t invest in things Fed or Wall Street print. Time to open my mind. After listening to Harry Dent, I am buying U.S. Treasury 2-year bonds.

His tweet drew much criticism. Some people noted that Harry Dent has been saying the same thing for years. Another reminded the famous author that Dent does not recommend 2-year Treasury bonds, pointing out that the economic forecaster said he prefers longer-term bonds, such as 20 or 30 years.

Some people questioned Kiyosaki’s decision to invest in low-yield bonds. “Why would one buy a 3% yield Treasury when real inflation is still over 17%? Additionally, Treasuries, like all paper assets, are tied to the dollar, and the ongoing paradigm shift is the END of dollar hegemony. IMO, stick to your original and ongoing advice of physical gold and silver.”

Kiyosaki’s Wednesday tweet also mentioned a prediction by Jim Rickards, the author of the national bestseller titled “Currency Wars: The Making of the Next Global Crisis.” The Rich Dad Poor Dad author wrote:

Jim Rickards is calling for the biggest crash in history to occur Sept. 21, 2022.

A number of people on Twitter commented on Rickards’ predictions. “Jim Rickards has been calling for the biggest crash in history every week for years,” one replied to Kiyosaki. Another stressed: “To call out a crash by an exact forecasted date is exclusively hype-driven entertainment aimed to play on the emotions of novice influential investors.”

A third person commented that the Federal Open Market Committee (FOMC) is meeting on Sept. 21 and Federal Reserve Chairman Jerome Powell will likely raise interest rates again. Noting that Powell will probably raise rates “more than the market expects,” the Twitter user suggested that Sept. 22 “has a better chance as crash day.”

Kiyosaki has been saying for years that he does not trust the Federal Reserve, the U.S. Treasury, and the Biden administration. He said in May that the U.S. is led by The Three Stooges: Biden, Treasury Secretary Janet Yellen, and Fed Chair Powell.

The famous author recently mocked President Joe Biden over his zero inflation claim, stating: “I think Joe is talking about his financial IQ.” Kiyosaki previously cautioned that inflation may lead to Greater Depression.

He warned in February that the Federal Reserve and the Treasury are “destroying the dollar, sending billions of dollar savers and uninformed to financial hell,” advising investors to buy gold, silver, and bitcoin. The Rich Dad Poor Dad author has also been saying that he is waiting for BTC to bottom out to buy some. He revealed last month that he is in cash position waiting to buy the cryptocurrency.

In July, he said silver is the best investment value, noting that gold’s price is over $1,700 but for $25 you can buy a silver coin. “Silver is an industrial precious metal. Gold is not,” he emphasized. Kiyosaki also warned of the biggest bond crash since 1788, adding that he is “buying more gold, silver now, and waiting for bitcoin to go lower.”

What do you think about Robert Kiyosaki changing his mind about investing in Treasury bonds after listening to economist Harry Dent? Let us know in the comments section below.

Comments

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl...

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju...

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and...

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r...
Blogarama - Blog Directory