The author of the bestselling Rich Dad Poor Dad advises investing in precious metals and cryptocurrencies amid impending economic collapse.
Writer and investor
criticized the administration of President Joe Biden and declared his distrust of the US federal government. He believes that the authorities “rip off the people”, promote inflation and do not try to reduce it as a measure to prevent a “new depression” that will hit the poorest classes of the US population hardest.
“Biden and the US Federal Government need inflation to stave off another depression. Inflation erodes the incomes of the poor. Inflation makes the rich richer. Biden and the feds are corrupt. Get ready for economic collapse and new depression. Act wisely. Buy gold, silver and bitcoins. ”
Kiyosaki has always been very enthusiastic about bitcoin and has not changed his political position. “I love Bitcoin because I don’t trust the Fed, Treasury or Wall Street.”
Robert Kiyosaki is not alone in the opinion that the accelerating inflation of the US dollar will lead to economic collapse, although his predictions do not always come true. PayPal co-founder Peter Thiel, at the National Conservatism Conference on Sunday, suggested that the high price of cryptocurrencies was indicative of inflation in fiat currencies. In October, he admitted that he had not invested enough in bitcoins. Last month, billionaire and well-known investor Carl Icahn expressed concern about the significant rise in US dollar inflation. He believes that Bitcoin may be the solution to preserve the value of capital when the US economy collapses.
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