Rich Dad Poor Dad author Robert Kiyosaki says inflation triggered by money printing is forcing baby boomers to come out of retirement and look for work.
Kiyosaki says on the social media platform X that baby boomers can no longer solely rely on their 401k pension payments for day-to-day expenses due to the significant rise in the price of goods and services over the past years.
According to the personal finance author, the situation is driving retired boomers to return to the labor market.
“They can no longer afford to live on their ‘nest egg.’”
Kiyosaki implies that the Fed triggered the rise of inflation by printing “fake money.” He also says the Fed’s money printing activities make the rich richer while poor and middle-class Americans become poorer.
“Printing fake money causes assets such as gold, silver, and Bitcoin to rise in price.
Printing fake money also causes food, fuel, and fun to go up in price too.
That’s why Boomers are coming out of retirement. Their nest is filled with fake assets and fake money.
Don’t be a ‘late in life loser’ saving fake money and fake assets.
Be a young and rich retiree who is financially free….because you saved real assets….gold, silver, and Bitcoin.”
Kiyosaki recently said that Bitcoin, gold and silver will “explode” if the Fed reduces interest rates at the upcoming Federal Open Market Committee (FOMC) meeting scheduled for September 18th. According to the best-selling author, Bitcoin (BTC) and the precious metals will benefit since “fake money” is bound to flee “fake assets such as US bonds.”
“Fleeing to real assets such as real estate, gold, silver, and Bitcoin… It really matters little which is better, gold or Bitcoin. That would [be] like people discussing which car is better: Ferrari or Lamborghini?”
At time of writing, Bitcoin is trading for $57,949, down over 1% in the last 24 hours.
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Mark Emem
https://dailyhodl.com/2024/09/17/robert-kiyosaki-says-fake-money-forcing-boomers-out-of-retirement-calls-for-saving-in-bitcoin-and-real-assets/
2024-09-17 20:00:56
