May 28, 2023

Robert Kiyosaki: why keep fake dollars if there is bitcoin?

Robert Kiyosaki, bestselling author of Rich Dad, Poor Dad, urged people to abandon their savings depreciating fiat currencies in favor of gold or bitcoin.

“Why make savings when the Fedprints trillions of fake dollars through quantitative easing? It has already moved from $ 82 billion per month to $ 125 billion per day. Why save if a zero interest rate policy pays zero to the losers? Make savings in gold (God's money), or in bitcoin (people's money). ”

Thus, Kiyosaki refers to the recent sharp reduction by the Federal Reserve to the range of 0-0.25% and other radical measures to stimulate the US economy against the backdrop of the coronavirus pandemic.

In a subsequent tweet, the entrepreneur wrote that since 1971, the dollar has been a debt obligation that makes the rich even richer and the poor even poorer.

According to him, it is permissible for the economy when the ratio of public debt to gross domestic product (GDP) is 60%. However, the United States now has reached 110% and continues to grow.

“The USA is bankrupt. Debt, dollars and greed destroy lives and the global economy. Very sad. Keep gold, silver and bitcoin. ”

Note that earlier Kiyosaki called himself a “dinosaur” due to the fact that he prefers to invest not in bitcoin, but in business and gold.