2024-03-11 14:25:00
© Reuters.
Investing.com – Robert Kiyosaki, a leading advocate and author of the classic book on personal money management, Rich Dad Poor Dad, often predicts upcoming disasters in the financial markets. Today, he warned of a coming disaster, as he urged his followers to start buying Bitcoin.
Kiyosaki, who many believe is a financial expert, posted a tweet referring to baby boomers, saying the “biggest bubble in history” would wipe out their wealth. This is believed to be due to “flimsy” 401k retirement plans.
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Kiyosaki did not provide any details regarding how he sees what will happen in the future, and merely noted that “the stock market is regarding to collapse,” as he advised his followers to buy Bitcoin, gold, and silver to survive the bubble that will burst soon. The other reason he repeatedly mentioned in previous tweets is that the US government continues to print “fake US dollars,” thus devaluing US paper currency.
This printing policy began in 2020, when the pandemic hit the world, with economies placed under lockdowns, and governments, starting with the United States, began printing money to support the population and large businesses.
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In that year alone, more than $6 trillion rolled off the Fed’s printing press. In 2023, several major banks, including Silicon Bank, Signature Bank, and Silvergate Bank, collapsed, and the Fed once once more printed massive amounts of dollars to bail them out.
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