Robert Kiyosaki, author of the famous book “Rich Dad Poor Dad,” is warning people about the dangers of keeping their money in banks. He believes that banks are in a precarious state and that most people are unaware of the potential risks.
Invisible Bank Panics
Kiyosaki claims that while stock market crashes are obvious, bank panics are hidden from the public eye. He points out that even though the FDIC (Federal Deposit Insurance Corporation) insures up to $250,000 per account, why take the risk? He urges people to move their savings out of the “corrupt banking system” and invest in gold, silver, and Bitcoin instead.
Signs of a Slowing Economy
Kiyosaki believes that the Federal Reserve is hiding the true state of the US economy. He says that the evidence is clear – stores are offering massive discounts, even for used clothing. This, he argues, is a sign of a serious economic slowdown.
Don’t Listen to the Experts
Kiyosaki encourages people to take matters into their own hands and protect their wealth. He advises them to buy more gold, silver, and Bitcoin, and to ignore the advice of “highly educated poor people” who he believes are not seeing the bigger picture.
Important Note: This article is for informational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions.
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