The well-known creator of the best-selling ebook Wealthy Dad Poor Dad, Robert Kiyosaki, has reiterated his bitcoin, gold, and silver advice. Emphasizing that authorities bailouts have begun following the collapses of Silicon Valley Financial institution and Signature Financial institution, Kiyosaki warned that the Fed will inject extra “pretend cash” into the “sick financial system.”
Robert Kiyosaki’s ‘Crash Touchdown’ Warning
Wealthy Dad Poor Dad creator Robert Kiyosaki warned about an incoming financial “crash touchdown” Monday after two main banks have been shut down by regulators within the U.S. Wealthy Dad Poor Dad is a 1997 ebook co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Instances Finest Vendor Listing for over six years. Greater than 32 million copies of the ebook have been bought in over 51 languages throughout greater than 109 international locations.
Kiyosaki tweeted:
Bail outs start. Extra pretend cash to invade sick financial system. Nonetheless suggest similar response. Purchase extra gold, silver, bitcoin. Take care. Crash touchdown forward.
On Sunday, the U.S. Treasury Division, the Federal Reserve Board, and Federal Deposit Insurance coverage Company (FDIC) issued a joint assertion stating that depositors of Silicon Valley Financial institution and Signature Financial institution could have entry to all of their cash, and no associated losses shall be borne by taxpayers. The Federal Reserve Board additionally introduced that it’s going to make further funding out there to eligible depository establishments.
Kiyosaki calls the U.S. greenback “pretend cash” as a result of it’s backed by the total religion and credit score of the U.S. authorities, as a substitute of being tied to “actual cash,” reminiscent of gold, he beforehand defined.
The famend creator has lengthy suggested investing in gold, silver, and bitcoin, which he not too long ago touted because the “finest for unstable occasions.” In a latest warning, he predicted that “every little thing will crash.” In December of final yr, he instructed that investing in gold, silver, and bitcoin would result in riches when the Fed pivots and prints trillions of {dollars}.
Earlier this month, he cautioned that the world financial system is on the breaking point, warning of financial institution runs, frozen financial savings, and bail-ins. Previous to the shutdown of Signature Financial institution, he predicted that one other financial institution was set to crash. In January, he stated we’re in a world recession, warning of hovering bankruptcies, unemployment, and homelessness.
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