Buy Bitcoin, Ditch The Banks Before It’s Too Late—Kiyosaki
Robert Kiyosaki advises investors to consider Bitcoin, gold, and silver as protective assets against financial risks. He warns of potential economic turmoil, linking it to the US's departure from the gold standard in 1971. Kiyosaki cites past events like the Long-Term Capital Management crisis in 1998 and the 2008 Wall Street crash as indicators of deeper financial issues. He criticizes central banks for relying on cash injections without addressing fundamental problems, stating that excessive money printing erodes trust in currency. Kiyosaki highlights US student loan debt as a significant risk, potentially leading to credit shocks. He notes that Bitcoin's limited supply offers an advantage over fiat money, while gold and silver maintain value due to their historical use. Key indicators to watch include rising debt levels, increasing loan defaults, and ongoing currency printing. A shift towards alternative assets signals declining trust in paper money, emphasizing that hard assets often retain value when fiat currencies weaken.
