Robert Kiyosaki Warns of ‘Crash Landing Ahead’ as Bailouts Begin — Advises Buying More Bitcoin

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has reiterated his bitcoin, gold, and silver recommendation. Emphasizing that government bailouts have begun following the collapses 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

Rich Dad Poor Dad author Robert Kiyosaki warned about an incoming economic “crash landing” Monday after two major banks were shut down by regulators in the U.S. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.

Kiyosaki tweeted:

Bail outs begin. More fake money to invade sick economy. Still recommend same response. Buy more gold, silver, bitcoin. Take care. Crash landing ahead.

On Sunday, the U.S. Treasury Department, the Federal Reserve Board, and Federal Deposit Insurance Corporation (FDIC) issued a joint statement stating that depositors of Silicon Valley Bank and Signature Bank will have access to all of their money, and no related losses will be borne by taxpayers. The Federal Reserve Board also announced that it will make additional funding available to eligible depository institutions.

Kiyosaki calls the U.S. dollar “fake money” because it is backed by the full faith and credit of the U.S. government, instead of being tied to “real money,” such as gold, he previously explained.

The renowned author has long advised investing in gold, silver, and bitcoin, which he recently touted as the “best for unstable times.” In a recent warning, he predicted that “everything will crash.” In December of last year, he suggested that investing in gold, silver, and bitcoin would lead to riches when the Fed pivots and prints trillions of dollars.

Earlier this month, he cautioned that the world economy is on the verge of collapse, warning of bank runs, frozen savings, and bail-ins. Prior to the shutdown of Signature Bank, he predicted that another bank was set to crash. In January, he said we are in a global recession, warning of soaring bankruptcies, unemployment, and homelessness.

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

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 between economics and cryptography.

Image Credits: 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 a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Read

disclaimer