Rich Dad Poor Dad authors: Keep buying gold, silver and Bitcoin as prices fall, citing global debt expansion as the real problem
TechFlow reports on Nov 05: In a post on Nov 4, Robert Kiyosaki (@theRealKiyosaki), author of Rich Dad Poor Dad, stated that amid the market panic triggered by the price drops of gold, silver, and bitcoin, he chose to continue buying, expressing anticipation for a "next crash" in these three asset classes so he could add to his positions again.
He believes the real problem lies in the ever-expanding scale of global debt, particularly that of the United States; he also criticized government leadership for lacking crisis management capabilities and the education system for failing to provide financial literacy education, stating that the original intent of fiat currency (which he refers to as "fake money") was to strip wealth from wage earners and savers.