Article Image

IPFS News Link • Economic Theory

Robert Kiyosaki Warns of 'Crash Landing Ahead' as Bailouts Begin -- Advises Buying More Bitc

•, by Kevin Helms

Emphasizing that government bailouts have begun following the collapses of Silicon Valley Bank and Signature Bank, Kiyosaki warned that the Fed will inject more "fake money" into the "sick economy."

Robert Kiyosaki's 'Crash Landing' Warning

Rich Dad Poor Dad author Robert Kiyosaki warned about an incoming economic "crash landing" Monday after two major banks were shut down by regulators in the U.S. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.

Kiyosaki tweeted:

"Bail outs begin. More fake money to invade sick economy. Still recommend same response. Buy more gold, silver, bitcoin. Take care. Crash landing ahead."

On Sunday, the U.S. Treasury Department, the Federal Reserve Board, and Federal Deposit Insurance Corporation (FDIC) issued a joint statement stating that depositors of Silicon Valley Bank and Signature Bank will have access to all of their money, and no related losses will be borne by taxpayers. The Federal Reserve Board also announced that it will make additional funding available to eligible depository institutions.