Please try another search
© Reuters. 'Rich Dad Poor Dad' Author Kiyosaki Issues Major Warning: 'Get Money Out of Banks Now'
U.Today - Best-selling author Robert Kiyosaki, known for his hit book has sounded a call of caution for investors. In a recent , Kiyosaki issued a stark warning, urging people to consider moving their funds away from traditional banks.
In a recent tweet, Kiyosaki sounded the alarm bells, pointing to a conversation he had during a podcast with journalist Dr. Nomi Prins, who has delivered a simple yet impactful message: "Get money out of banks."
Kiyosaki's concern stems from the alarming Prins' revelation that the FDIC is monitoring over 725 banks, hinting at potential instability within the banking sector.
Moreover, he anticipates that could reach $120,000 within the next year and potentially skyrocket to an astonishing $500,000 per BTC by 2025. In the event of global economic turmoil, the author even envisions Bitcoin surging to unprecedented heights, possibly reaching $1 million.
Kiyosaki's forecasts are closely tied to his growing apprehension about the extensive money printing undertaken by the U.S. Fed, which raises pressing questions about the stability of traditional currencies, particularly the U.S. dollar.
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.