TechFlow news, May 5 — According to U.Today, Robert Kiyosaki, author of "Rich Dad Poor Dad," stated that the "biggest stock market crash in history" he previously predicted is now unfolding. He warned that if the crash occurs, the Federal Reserve and Treasury may print trillions of dollars in "fake money," which could trigger severe inflation in the near future.
Kiyosaki expressed distrust toward the Federal Reserve and Treasury, as they can switch on the "fake money printer" at any time. He said he places greater trust in gold, silver, and bitcoin to protect himself from the coming severe inflation. He also predicted that by 2026, silver prices will double from the current level of $35 per ounce to $70.
Kiyosaki referred to the U.S. dollar as "fake money," arguing that it has continuously lost purchasing power since the abandonment of the gold standard in 1971.
