After three major banks headquartered in the United States – Signature Bank, Silicon Valley Bank (SBV), and Silvergate Bank – all collapsed within a short period, Robert Kiyosaki warned about government bailouts and recommended buying more Bitcoin (BTC).
Specifically, Kiyosaki, who is the author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ made projections that “more fake money” would “invade sick economy” as the bailouts begin in response to the major crisis in the finance industry, according to his Twitter post published on March 13.
As a reminder, the author had previously heavily criticized fiat currencies, such as the United States dollar, calling it fake money that would contribute to the “end of the American Empire,” and has now again urged everyone to purchase more Bitcoin, gold, and silver as the alternative, as he reiterated his earlier warnings of an upcoming “crash landing.”
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Meanwhile, Treasury Secretary Janet Yellen has ruled out the possibility of a federal government bailout for SVB’s investors, citing the lessons learned and reforms introduced after the previous financial crisis, but she also said that regulators were “concerned” about depositors and were working to meet their needs.
Bleak predictions
In late January, Kiyosaki warned about a “rough landing” for the world, led by the soaring “bad news, bankruptcy, unemployment, homelessness,” and retirement crisis, while simultaneously touting the “good news” in the form of “bargains everywhere, gold, silver, Bitcoin priceless.”
In mid-February, he made gloomy predictions of a “giant crash coming” and warned of a likely “depression,” as the Federal Reserve was “forced to print billions in fake money,” again praising gold, silver, and Bitcoin as the alternatives, predicting the maiden cryptocurrency could reach the price of $500,000 by 2025.
He also warned about the starvation and the resulting social unrest that could follow this major financial crash, as well as expressing concern that the rising inflation would “wipe out 50% of the U.S. population,” as Finbold reported back in April 2022.
Featured image via Ben Shapiro’s YouTube.
