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Robert Kiyosaki warns of imminent ‘crash landing’ as bailouts begin – advises buying more Bitcoin –

Famous best-selling author, Rich Dad Poor Dad, Robert Kiyosaki has his recommendation for Bitcoin, gold and silver repeated. Kiyosaki stressed that government bailouts began after the collapse of Silicon Valley Bank and Signature Bank, warning that the Fed will pump more “fake money” into the “sick economy.”

Robert Kiyosaki’s “Crash Landing” warning

Rich Dad Poor Dad author Robert Kiyosaki on Monday warned of an impending economic “crash landing” 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:

rescue operations begin. More counterfeit money to break into the ailing economy. Recommend still the same answer. Buy more gold, silver, bitcoin. Watch after. crash landing ahead.

On Sunday, the U.S. Treasury Department, the Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) issued a joint statement explaining that Silicon Valley Bank and Signature Bank depositors have access to all of their money and none Associated losses incurred are borne by taxpayers. The Federal Reserve Board also announced that it will make additional funds available to eligible deposit-taking institutions.

Kiyosaki calls the US dollar “fake money” because it is backed by the full trust and credit of the US government, rather than being tied to “real money” like gold, he previously explained.

The renowned author has long advocated investing in gold, silver and bitcoin, which he recently described as “best for unstable times”. In a recent warning, he predicted that “everything is going to collapse.” In December of last year, he suggested that investing in gold, silver and bitcoin would lead to riches as the Fed turns around and prints trillions of dollars.

Earlier this month he warned that the global economy was on the brink of collapse, warning of bank runs, frozen savings and bail-ins. Before Signature Bank closed, he predicted another bank would fail. In January he said we were in a global recession and warned of rising bankruptcies, unemployment and homelessness.

What do you think of Rich Dad Poor Dad author Robert Kiyosaki’s predictions and advice? Let us know in the comment section below.

Robert Kiyosaki warns of imminent ‘crash landing’ as bailouts begin – advises buying more Bitcoin –, Crypto Trading News

Kevin Helms

As an Austrian economics student, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects and the interface between economics and cryptography.

photo credit: Shutterstock, Pixabay, WikiCommons

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Source: Crypto News Deutsch

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