- So the author of the book “Rich Dad Poor Dad” commented on the banking crisis in the United States
- He also noted that the authorities plan to buy out troubled companies, which will lead to a jump in inflation.
Robert Kiyosaki, author of the popular book Rich Dad Poor Dad, commented on the current banking crisis. He predicted an increase in inflation and advised investing in precious metals and BTC.
“A wave of buyouts (of firms with state participation) is coming. And that means even more counterfeit money for an already “unhealthy” economy. But my advice is the same. Buy gold, silver and BTC.” declared Kiyosaki on his Twitter page.
This tweet came out on March 13th. Shortly before that, first Silvergate Capital closed, and then one of the largest American banks, Silicon Valley Bank.
This is not Kiyosaki’s first such call. So, for example, back in February, he announced that the American economy was close to collapse, in connection with which he recommended buying “cue”.
As for his bail-out claim, the White House officially refused to help the SVB. But Kiyosaki is confident that the authorities will intervene if there is a panic in the banking sector.
This will lead to a jump in inflation, and that, in turn, to a slowdown in the economy and a recession. Recall that former US President Donald Trump compared Biden to Hoover, under whom the Great Depression swept the country.
But that crisis also began with the banking segment. So maybe Kiyosaki is right and it’s time to invest in hedge assets?