'Rich Dad Poor Dad' Author Warns 'More Banks About To Fail': 'I Would Not Believe Anything Pres Biden ... Powell or ... Yellin Say'
Portfolio Pulse from Bibhu Pattnaik
Robert Kiyosaki, author of 'Rich Dad Poor Dad', warns of more bank failures and highlights the vulnerability of mortgage companies, specifically Loan Depot. He advises caution and skepticism towards statements from President Biden, Fed Chairman Powell, and Secretary of Treasury Yellen.
June 17, 2023 | 3:37 pm
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Kiyosaki advises investors to acquire gold, silver, and Bitcoin amid increasing inflation and the Federal Reserve's unrestricted money printing.
Kiyosaki's recommendation to acquire Bitcoin may lead to increased demand for the cryptocurrency, driving its price up in the short term. His influence and credibility as a financial expert could sway investors to consider Bitcoin as a hedge against inflation and potential bank failures.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50