Sunday, March 31, 2024

Famous Investor Says “Ditch the US Dollar”

 While we disagree with his advice to buy Bitcoin because one day the governments won’t allow it, we also know the government confiscated everyone’s gold about 85 years ago.  We are going to bet $5 that Robert K doesn’t have a biblical worldview so he simply can’t understand what is truly going on.  He is correct though on one thing for sure;  when USA prints $1 trillion dollars, they are robbing $1 trillion of value from US saver’s wealth, via inflation.  They also push the limit to a collapse of faith and confidence.

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Rich Dad Poor Dad author Robert Kiyosaki has urged investors to ditch the U.S. dollar and buy bitcoin alongside gold and silver. He warned that “baby boomers’ retirements are going broke as paper assets crash.” The famous author stressed: “I do not trust anything that can be printed.”

Robert Kiyosaki’s Latest Warnings and Advice

The author of Rich Dad Poor Dad, Robert Kiyosaki, is back with more warnings about the risk of holding U.S. dollars, particularly for baby boomers as “paper assets crash.” 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 wrote on social media platform X Friday: “Boomers to go bust? Another giant bank in China went bust. Why? This time it’s commercial real estate, not residential going bust. FYI. China has the three biggest banks in the world.”

He cautioned: “The same is happening in U.S. as commercial real estate, specifically office buildings go bust.” He then explained how the commercial real estate market affects baby boomers, stating: “REITS: Real Estate Investment Trusts….a.k.a. Mutual fund ETFs [exchange-traded funds] for real estate. Boomer retirement plans are filled with these fake assets.” The renowned author cautioned:

https://news.bitcoin.com/robert-kiyosaki-urges-ditching-us-dollar-for-bitcoin-warns-boomers-retirements-going-broke-as-paper-assets-crash/

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