Robert Kiyosaki, the author of Rich Dad Poor Dad, is predicting a significant financial collapse that he believes will have an impact on Bitcoin and precious metals.
The best-selling author warns his 2.1 million Twitter followers that reckless US government monetary policies are causing the biggest financial calamity since the 1990s.
Everything bubbles up and crashes. He warned that the largest crash has been developing since the 1990s. Instead of addressing issues, FED produced FAKE money. Everything crashes during “the Everything Crash,” including gold, silver, and BC. Your financial knowledge is your greatest asset in a massive crisis.
According to Kiyosaki, the US has a vicious cycle of monetary policy that begins with excessive borrowing and ends with the depreciation of the US dollar.
The strongest line of protection against such an economic climate, according to the Bitcoin bull, is BTC, gold, and silver.
“1. The United States borrows far too much money. 2. The United States maintains low interest rates. 3. Low interest rates force the US to borrow more money in order to buy more US bonds. 4. to maintain low interest rates 5. causes inflation 6. Increasing interest rates 6. Debt becomes prohibitively expensive 7. The US dollar is dying. BUY GOLD-SILVER-BITCOIN.”
In a recent interview, Kiyosaki stated that he was holding out for a Bitcoin fall in order to buy additional BTC, saying that he was generally bullish on the leading digital asset.
He is really positive and hopeful about blockchain, so if Bitcoin drops to $1,000, I’ll back up the truck, but if it rises to $25,000, I’ll stop buying…
In the year 2000, gold was $300 per ounce. You can wait until it reaches $3,000 or $30,000 an ounce before making a purchase; but, dumb people usually make their purchases at the peak of the market.
They all dive right in like moron. He is anticipating the next real estate crash. He is quite enthusiastic about the current real estate meltdown since everything is going on sale. Instead of paying retail, he prefer to pay wholesale. It is typical capitalism.
