Robert Kiyosaki, the author of the popular book “Rich Dad Poor Dad,” talked about the death of the U.S. dollar and how one should take the government’s free money and buy bitcoin. The best-selling author also explained the cost of free money.
The author of Rich Dad Poor Dad has chimed in on the impact of the free money the U.S. government is giving to small business owners on the U.S. dollar.
On April 4, Kiyosaki with over 1.3 million followers tweeted:
DEATH OF DOLLAR. People desperate for money. Very sad. If government gives you free money take it yet spend it wisely. DO NOT SAVE. Buy gold, silver, Bitcoin. Dollar is dying. Silver $20. Best Buy for future security. Everyone can afford $20, especially with free fake money. — therealkiyosaki (@theRealKiyosaki) April 4, 2020
Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. Over 32 million copies of the book have been sold in over 51 languages across more than 109 countries. It has been on the New York Times Best Seller List for over six years.
The book teaches the importance of financial literacy, financial independence and building wealth through various methods, such as investing in real estate and owning your own business.
Robert Kiyosaki, author of Rich Dad Poor Dad, the best-selling book with 32 million copies sold, has been saying that the U.S. dollar is a scam and people should buy bitcoin.
Lesson 6 “INVEST for long term In Stock market.” RU NUTS? People following this advice are BIG LOSERS in 2020. Stimulus lifted prices so rich can sell w/o losing. Long term 401k investors handcuffed to TITANIC. Invest for long term in gold silver crypto. Economy-dollar dying. — therealkiyosaki (@theRealKiyosaki) April 6, 2020
Kiyosaki’s tweet advocating for bitcoin was one in a series responding to the U.S. government’s Paycheck Protection Program (PPP), which promises $350 billion to small businesses affected by the coronavirus pandemic.
WHY IS DOLLAR DYING? 2008 Fed printed $4.5 Trillion to save rich. 2020 Fed will have to print $6-8 Trillion, maybe more to save US economy. There is only $9.5 Trillion in gold in WHOLE WORLD. Buy real gold silver Bitcoin. No paper ETF gold or silver. PhDs at Fed are IDIOTS. — therealkiyosaki (@theRealKiyosaki) April 7, 2020
While emphasizing that most people want free money, even himself, Kiyosaki questioned how free money could destroy the U.S. dollar:
Q: How does FREE MONEY destroy US $? A: Definition of$.“MONEY is an IDEA backed by CONFIDENCE representing WORK TRULY DONE and is EXCHANGEABLE” Paying people NOT TO WORK destroys CONFIDENCE in Government $ and EXCHANGE of $. Trust Gold & Silver-GODs money Crypto-PEOPLES money. — therealkiyosaki (@theRealKiyosaki) April 3, 2020
The Rich Dad Poor Dad author concluded:
Q: Won’t FREE MONEY destroy USA? A: Yes END IS NEAR. Q: What will happen? A: 4 FUTURES 1: US Defaults on bonds 2. Hyperinflation 3. US sells assets 4. IMF Bailout Q: What should I do? A: BUY real gold, silver, crypto. STUDY real teachers on YouTube. PREPARE for Brave New World. — therealkiyosaki (@theRealKiyosaki) April 3, 2020