Famed author of the best-selling book Rich Dad Poor Dad Robert Kiyosaki has reiterated his recommendation for Bitcoin, gold and silver. Kiyosaki emphasized that government bailouts had begun following the collapse of Silicon Valley Bank and Signature Bank, and warned that the Fed would inject more “fake money” into a “sick economy.”
Robert Kiyosaki’s “Crash Landing” Warning
Rich Dad Poor Dad author Robert Kiyosaki warned on Monday of a “crash landing” on the economy after U.S. regulators shut down two major banks. Rich Dad Poor Dad is a book co-authored by Kiyosaki and Sharon Leichter in 1997. It has been on the New York Times bestseller list for more than six years. The book has sold more than 32 million copies in more than 109 countries in more than 51 languages.
The bailout begins. More counterfeit currency invades sick economy. Still recommending the same response. Buy more gold, silver and bitcoin. careful. Forced landing ahead.
On Sunday, the U.S. Treasury, the Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) issued a joint statement saying that depositors of Silicon Valley Bank and Signature Bank will have access to all their money, and there will be no related losses to taxpayers. The Fed also announced that it will provide additional funding to eligible depository institutions.
Kiyosaki called the U.S. dollar a “fake currency” because it is backed by the full trust and credit of the U.S. government and not pegged to “real money” such as gold, he previously explained.
The famous author has long recommended investing in gold, silver and bitcoin, which he recently touted as “the best bets for uncertain times.” In a recent warning, he predicted “everything is going to crash”. In December, he said investing in gold, silver and bitcoin will get rich when the Fed turns around and prints trillions of dollars.
Earlier this month, he warned that the world economy was on the brink of collapse, warning of bank runs, savings freezes and bail-ins. Before Signature Bank closed, he predicted another bank’s imminent failure. In January, he said we were in a global recession and warned of a surge in bankruptcies, unemployment and homelessness.
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