Kevin Helms
A student of Austrian economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects and the intersection of finance and cryptography.
Robert Kiyosaki Warns of ‘Crash Landing Ahead’ As Bailouts Begin – Recommends Buying More Bitcoin – Bitcoin News
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has reiterated his bitcoin, gold and silver recommendation. Kiyosaki stressed that government bailouts have begun after the collapses of Silicon Valley Bank and Signature Bank, and warned that the Fed will inject more “fake money” into the “sick economy.”
Robert Kiyosaki’s ‘Crash Landing’ warning
Rich Dad Poor Dad author Robert Kiyosaki warned of an incoming economic “crash landing” on Monday after two major banks were shut down by US regulators. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times bestseller list for over six years. More than 32 million copies of the book have been sold in over 51 languages in more than 109 countries.
Kiyosaki tweeted:
Bail outs begin. More fake money to invade sick economy. Still recommending the same answer. Buy more gold, silver, bitcoin. Have a good time. Front crash landing.
On Sunday, the US Treasury Department, the Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) issued a joint statement that depositors in Silicon Valley Bank and Signature Bank will have access to all their money, and no related losses will be borne by taxpayers. The Federal Reserve Board also announced that it will make additional financing available to eligible depository institutions.
Kiyosaki calls the US dollar “fake money” because it is backed by the full faith and credit of the US government, rather than being tied to “real money”, like gold, he previously explained.
The acclaimed author has long advised investing in gold, silver and bitcoin, which he recently labeled as the “best for volatile 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 swings and prints trillions of dollars.
Earlier this month he warned that the world economy is on the brink of collapse, warning of bank runs, frozen savings and bailouts. Before the closure of Signature Bank, he predicted that another bank would crash. In January he said we are in a global recession and warned of soaring bankruptcies, unemployment and homelessness.
What do you think of author Robert Kiyosaki’s Rich Dad Poor Dad predictions and advice? Let us know in the comments section below.
Image credit: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or an endorsement or recommendation of products, services or companies. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is directly or indirectly responsible for damages or losses caused or alleged to be caused by or in connection with the use of or reliance on content, goods or services mentioned in this article.
