Robert Kiyosaki warns about fake money and longterm inflation

Renowned investor and financial author, Robert Kiyosaki, has raised concerns about the looming economic crisis, attributing it to what he refers to as “fake money” controlled by “Marxists” within the American government. He also highlighted the prolonged inflation that the country is facing.

Kiyosaki pointed fingers at President Joe Biden for exacerbating inflation by cutting the Keystone XL pipeline, causing a significant spike in oil prices from $30 to $130 in just one week. He emphasized that inflation is here to stay for the long haul, despite his skepticism about Biden’s chances in the upcoming presidential elections.

The author of the bestselling book ‘Rich Dad Poor Dad’ criticized the current political establishment, labeling them as “Marxists” who manipulate politics and the US dollar. However, he expressed confidence in assets like gold, silver, and Bitcoin as a hedge against the government’s mismanagement.

Kiyosaki’s favorite assets have always been precious metals and cryptocurrencies, particularly Bitcoin, which he believes could reach $350,000 by August 2024. He also predicted positive price movements for Ethereum and Solana in the crypto market.

At present, his preferred cryptocurrency is trading at $69,255, showing a slight increase in the last 24 hours and a steady rise over the past week. It has recorded a monthly gain of 14.16% as of June 10.

Disclaimer: The information provided in this article is not intended as investment advice. All investments carry risks, and individuals should exercise caution when investing their capital.