Investing.com – Robert Kiyosaki, the famous author of the bestselling book Rich Dad Poor Dad, reiterated his recommendations on Monday to buy , , and following the government bailouts of Silicon Valley Bank and Signature Bank.
Mr Kiyosaki has indeed warned that the Fed will inject more “fake money” into the “sick economy”.
He thus warned against a “hard landing” of the economy.
Kiyosaki wrote:
“The rescues begin. No more counterfeit money to invade the sick economy. I always recommend the same answer. Buy more gold, silver, bitcoins. Pay attention. Hard landing in sight. »
On Sunday, the US Treasury Department, the Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) issued a joint statement indicating that depositors at Silicon Valley Bank and Signature Bank will have access to all of their money and that no loss will be borne by taxpayers.
The Federal Reserve also announced that it would make additional funds available to eligible depository institutions.
The famous author has long advised investing in gold, silver, and gold, which he recently called “best for unstable times.” In another warning last month, he predicted that “everything will fall apart”.
Finally, note that Kiyosaki tweeted again, challenging President Biden’s comments yesterday that taxpayers will pay nothing for the bailout of Silicon Valley Bank.
“Biden says bailout of SVB Silicon Valley Bank will cost taxpayers nothing. What is he smoking? “, he indeed tweeted on Tuesday