Digital Assets: Financial Doom And Gloom Warnings From Kiyosaki, Schiff
Severe recession, crash, financial crisis…
Robert Kiyosaki and Peter Schiff have both issued dire warnings about the precarious status of the financial markets.
While Kiyosaki is the acclaimed author of “Rich Dad Poor Dad”, Schiff is an economist and inveterate gold bug.
Robert Kiyosaki
Kiyosaki has warned that the market will crash, including gold, silver, and bitcoin. However, he views this as a buying opportunity and plans to use fake dollars to buy more gold, silver, and bitcoin, which he considers real money.
Kiyosaki has been critical of the Biden administration, the Treasury, the Federal Reserve, and Wall Street, and has repeatedly warned about market crashes. He predicted the U.S. dollar would crash and that the country is in a global recession. (Bitcoin.com)
Kiyosaki is a bitcoin investor and has urged others to get into crypto before the biggest crash in world history.
He cautions that the SEC will crush most other cryptocurrencies.
“Crash is here … Everything will crash including prices [of] gold, silver, bitcoin. Do not panic. Good news. I will buy more gold, silver, bitcoin, real money with fake $,” Kiyosaki tweeted Friday.
Peter Schiff
Economist Peter Schiff has also warned of a financial crisis and a more severe recession than the Federal Reserve is recognizing. He believes that inflation is not going to weaken and that the U.S. government and Federal Reserve’s spending and printing of money is the real cause of inflation. (Bitcoin.com)
Schiff also believes that the government’s continued spending will only fuel the inflation fire, leading to a financial crisis and a more severe recession.
“The real cause of inflation is the U.S. government and the Federal Reserve acting in concert with one another, where the U.S. government spends money it doesn’t have, and then the Fed prints the money for the government to spend — that is why we have inflation,” Schiff explained to the media.
He has previously warned about inflation getting worse, the dollar crashing, and the U.S. defaulting on its debt, and that the Federal Reserve’s actions could result in market crashes, a financial crisis, and a severe recession.
Related Story: Doom And Gloom Predictions, And A Massive Layoff By Kraken
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