Robert Kiyosaki, the bestselling author of Rich Dad, Poor Dad, urged people to abandon savings in depreciating fiat currencies in favor of gold or bitcoin.
Lesson 5. SAVE MONEY: RU NUTS? Why save money when QE FED counterfeiting is printing trillions of fake dollars- $ 82 billion a month to $ 125 billion a day? Why save when ZIRP, zero interest policy pays losers zero? Save gold-god’s money or Bitcoin-people’s money.
– therealkiyosaki (@theRealKiyosaki) April 1, 2020
“Why make savings while the Fed is printing 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.
Lesson 5. DEBT. 1971 Dollar became DEBT. Debt makes RICH richer. Debt makes POOR & MC poorer. IF US Debt to GDP ratio 60% world sound. Today US Debt to GDP 110% and climbing. US bankrupt. Debt, dollar, greed destroying lives & world economy VERY SAD. Save gold, silver & bitcoin.
– therealkiyosaki (@theRealKiyosaki) April 2, 2020
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 Kiyosaki previously called himself a “dinosaur” due to the fact that he prefers to invest not in bitcoin, but in business and gold.
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