Robert Kiyosaki, finance expert and “Rich Dad, Poor Dad” author, has been known for straight talk about the economy. In a recent tweet, he said, “Savers are losers.”
He pointed out that the U.S. Federal Reserve’s way to avoid economic disaster is to print more money. He listed the 1987 market crash, the 1998 long-term capital management (LTCM) crash, the 2019 repo market seizure, the COVID-19 pandemic and the Silicon Valley Bank failure as examples.
