Robert Kiyosaki, the famous author of the bestseller “Rich Dad, Poor Dad,” has once again recommended bitcoin, gold and silver. Highlighting the government bailouts following the collapse of Silicon Valley Bank and Signature Bank, Kiyosaki warned that the Fed will inject more “fake money” into the “sick economy.”
Robert Kiyosaki’s “Crash Landing” Warning
Robert Kiyosaki, author of “Rich Dad, Poor Dad,” warned of a looming economic “crash landing” on Monday after two major banks were shut down by regulators in the United States. Rich Dad, Poor Dad was co-authored by Kiyosaki and Sharon Lechter and published in 1997. It has been on the New York Times bestseller list for more than six years and has sold more than 32 million copies in over 109 countries and more than 51 languages.
The bailout begins. More counterfeit money invading a sick economy. Still, I recommend the same response. Buy more gold, silver, and bitcoins. Be careful. A crash landing awaits.
, the U.S. Treasury Department, the Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) issued a joint statement stating that depositors of Silicon Valley Bank and Signature Bank will have access to all funds and that no taxpayer will be responsible for any associated losses. The Federal Reserve also announced that it would provide additional funds to eligible depository institutions.
Kiyosaki previously explained that he calls the U.S. dollar “fake money” because it is not tied to “real money” such as gold, but is backed by the full faith and credit of the U.S. government.
Prominent writers have long recommended investing in gold, silver, and bitcoin, recently touting them as “perfect for unstable times.” In a recent warning, he predicted that “everything will crash.” Last December, he suggested that investing in gold, silver, and bitcoin would lead to wealth when the Fed pivoted and printed trillions of dollars.
Earlier this month, he warned that the global economy was on the verge of collapse and warned of bank runs, savings freezes, and bailouts. Prior to the closing of Signature Bank, he predicted that another bank would fail; in January, he said the world was in a global recession and warned about soaring bankruptcies, unemployment, and homelessness.
Image Credits: Shutterstock, Pixabay, Wiki Commons