Robert Kiyosaki on Profiting From Inflation
The author of Rich Dad Poor Dad, Robert Kiyosaki, has advised his 1.8 million Twitter followers how to profit from inflation.
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 Friday:
How to profit from inflation. Biden wants inflation. I counter his criminal actions by investing in Texas and N. Dakota oil. Just bought a gold mine in Utah. Investing in Texas apartments, houses. Saving gold, silver, bitcoin … Invest like a capitalist.
Kiyosaki has previously warned about inflation on several occasions. He blames President Joe Biden, his administration, and the Fed for destroying the dollar. Last year, he also warned about an imminent depression.
In November, he similarly said he was buying more gold, silver, bitcoin, ethereum, rental real estate, and oil as concerns about inflation escalated.
Kiyosaki on the Russia-Ukraine War
The famous author has also spoken up a few times recently about the Russia-Ukraine war.
He tweeted last week: “Putin in trouble. Ukraine’s President Zelensky … is fighting back against Putin. He’s not running. He is inspiring people to fight back.” In a follow-up tweet, he wrote:
Bitcoin defies Putin. Let’s go bitcoin. Let’s go crypto. Stand up to tyrants. Stand up to tyranny. Fight back.
The Ukrainian government began asking for cryptocurrency donations on Feb. 26.
According to blockchain analytics platform Elliptic, the Ukrainian government and a nonprofit organization providing support to the Ukrainian military have raised almost $60 million in crypto donations since Russia began its invasion of Ukraine.