{"id":10580,"date":"2020-04-11T06:22:29","date_gmt":"2020-04-11T06:22:29","guid":{"rendered":"http:\/\/emilynews.com\/blog\/?p=10580"},"modified":"2020-07-27T10:27:17","modified_gmt":"2020-07-27T10:27:17","slug":"news-commentary-1033-robert-kiyosaki-advocates-gold-silver-and-cryptos","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=10580","title":{"rendered":"News Commentary # 1,033 – Robert Kiyosaki Advocates Gold, Silver, and Cryptos"},"content":{"rendered":"\n

Says Dollar is Dying.<\/strong><\/p>\n\n\n\n

Robert Kiyosaki, the author of the best-selling book, Rich Dad – Poor Dad<\/em>, doesn\u2019t have very kind words to say about the US dollar.\u00a0 And, very kind words for Gold, Silver, and Cryptocurrencies.\u00a0 In a very interesting article that recently appeared in bitcoin dot com<\/em>, he points out that he feels the US dollar is \u201ctoast\u201d and is on the way out.\u00a0 His recommendation is that people should take free money being given to them by the US government as relief from the coronavirus pandemic and use it to invest in gold, silver, and Bitcoin.\u00a0 This is thought-provoking advice from a forward-thinking businessman and investor. Perhaps it is worth taking very seriously.\u00a0 <\/p>\n\n\n\n

Here\u2019s the article\u2026<\/p>\n\n\n\n

Rich Dad Poor Dad Author Robert Kiyosaki: Dollar Is Dying, Buy Bitcoin<\/strong><\/p>

Robert Kiyosaki, the author of the popular book Rich Dad – Poor Dad<\/em>, talked about the death of the U.S. dollar and how one should take the government\u2019s free money and buy bitcoin. The best-selling author also explained the cost of free money.<\/p>

Take Free Government Money and Buy Bitcoin<\/em><\/p>

The author of Rich Dad – Poor Dad<\/em> has chimed in on the impact of the free money the U.S. government is giving to small business owners on the U.S. dollar. From his Twitter account with over 1.3 million followers, he wrote on Saturday: \u201cDeath of dollar. People desperate for money. Very sad. If [the] government gives you free money, take it yet spend it wisely. Do not save. Buy gold, silver, bitcoin. Dollar is dying.\u201d<\/p>

Rich Dad – Poor Dad<\/em> is a 1997 book co-authored by Kiyosaki and Sharon Lechter. Over 32 million copies of the book have been sold in over 51 languages across more than 109 countries. It has been on the New York Times Best Seller List for over six years. The book teaches the importance of financial literacy, financial independence and building wealth through various methods, such as investing in real estate and owning your own business.<\/p>

This is not the first time Kiyosaki has advocated for bitcoin. In August 2018, he\u00a0proclaimed\u00a0that \u201cThe US dollar is a scam,\u201d adding that \u201cthe dollar is toast because gold and silver and cybercurrency are going to take it out.\u201d The best-selling author was also quoted as saying: \u201cThe US Dollar is gone \u2026 In the year 2000 there was one currency, the US Dollar. It was called the reserve currency of the world \u2026 and then came bitcoin or cybercurrency.\u201d<\/p>

Robert Kiyosaki, author of Rich Dad – Poor Dad<\/em>, the best-selling book with 32 million copies sold, has been saying that the U.S. dollar is a scam and people should buy bitcoin.<\/p>

The Cost of Free Money<\/em><\/p>

Kiyosaki\u2019s tweet advocating for bitcoin on Saturday was one in a series responding to the U.S. government\u2019s Paycheck Protection Program (PPP), which promises $350 billion to small businesses affected by the coronavirus pandemic. \u201cSmall biz entrepreneurs offered payroll for employees for free,\u201d he tweeted on Thursday, a day before the program was expected to go live. \u201cExample. If company payroll for 8 weeks [totals] $1 million, banks will give [a] $1 million loan. Don\u2019t have to pay back. Entrepreneurs win again. Socialism for rich.\u201d<\/p>

While emphasizing that most people want free money, even himself, Kiyosaki questioned, \u201cWhat is the price of free money?\u201d Assuming the role of a financial literacy teacher once again, Kiyosaki asked his Twitter followers how free money could destroy the U.S. dollar. He explained that by definition, \u201cMoney is an idea backed by confidence representing work truly done and is exchangeable.\u201d The Rich Dad – Poor Dad<\/em> author concluded: \u201cPaying people not to work destroys confidence in government $ and [the] exchange of $. Trust gold and silver-gods money [and] crypto-people\u2019s money.\u201d<\/p><\/blockquote>\n\n\n