by Jing Pan
MoneyWise
Since peaking at a 40-year high of 9.1% in June 2022, headline inflation in the U.S. has eased. But according to “Rich Dad Poor Dad” author Robert Kiyosaki, the worst may be yet to come.
“The end is here: what if you threw a party and no one showed up? That is what happened yesterday,” he wrote in a May 21 post on X. “The Fed held an auction for U.S. bonds and no one showed up. So the Fed quietly bought $50 billion of its own fake money with fake money.”
He added, “The party is over. Hyperinflation is here. Millions, young and old to be wiped out financially.”
Kiyosaki is no stranger to predictions of economic collapse, and the claims in his recent post couldn’t be independently verified. He didn’t cite a source for the $50 billion “fake money” purchase or the fact that “no one showed up.”