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Robert Kiyosaki, a popular financial expert and author, is best known for his best-selling book “Rich Dad Poor Dad” and has issued a new warning about the “biggest crash in history coming soon.”
Kiyosaki believes it is the perfect time to start saving Bitcoin to protect your wealth.
The Federal Reserve continues printing "fake" dollars, per Kiyosaki
Kiyosaki started his X message with a quote of a “Rich Dad’s rule” (Rich Dad is a fictional character in Kiyosaki’s books to illustrate financial literacy to readers) – “Savers are losers.”
His post is about the Federal Reserve and the crisis, which, as Kiyosaki reckons, it continues to push America into. The financial guru then recalled all financial crises since 1987, when the U.S. government began printing dollars not backed by the gold standard. The list spans from the late 1980s to 1998, then to 2019.
The last two negative economic events, when trillions of dollars were printed, as he mentioned, were the pandemic in 2020 (when Trump’s $1,400 stimulus checks were also released) and the collapse of several banks, including Silvergate and Silicon Valley Bank, in April 2023. During all of those events, the Fed and the U.S. Treasury resorted to printing additional dollars to inject them into the U.S. economy and thus increasing the circulating money supply.
"Bitcoin to protect your wealth in the biggest crash that's coming"
Kiyosaki said that he expects “the biggest crash in history” to come soon, specifying that “it’s not a new crisis….its the same crisis getting bigger.” Going back to his advice at the start of the tweet, he stressed that it is crucial to stop saving “fake US dollars” and begin to save “real gold, silver, Bitcoin.”
These assets can help “protect your wealth,” he is certain. As for the market collapse that is coming, according to Kiyosaki, he blames it on the constantly growing national debt and the Fed that keeps printing money: “America is the biggest debtor nation in history… because of the FED.”
Vladislav Sopov
U.Today Editorial Team