This is the author of “Rich Dad, Poor Dad,” Japanese American businessman Robert Kiyosaki. He’s kind of a mildly internet famous individual, and maybe smart? But he’s also a standard Asian confidence artist and standard libertarian collapse-predictor.

FED & Biden pushing FAKE INFLATION. Crash and Depression coming. Gold, silver, Bitcoin, real estate will crash too. Ready to buy more gold, silver, Bitcoin, real estate after crash has crashed. Time to get richer after fake inflation crashes. Be aware. Take care.

— therealkiyosaki (@theRealKiyosaki) December 9, 2021

That is something that could happen, I guess. But trying to plan it and time it is just gambling.

No one thinks that the listed assets are going to permanently drop in comparison to the dollar in the long term. So trying to time a sale of assets and then buy them again is nuts.

NOT FINANCIAL ADVICE

But obviously if you are doing insider trading and you know a crash is coming, then sell everything and buy it again. But assuming you’re not an insider trader (which is serious big boy prison illegal in every market other than crypto, unless you’re Jewish), then trying to time a sell-buy crash cycle is just gambling.

On the other hand, if you’ve got fiat and there is a crash, you can guarantee the crash isn’t permanent, and you can buy. But it’s still gambling, because you don’t know how low the crash is going to go.

NOT FINANCIAL ADVICE

Here’s the math:

If Bitcoin goes to 69 and you sell it and then buy it again at 48 and then it goes back to 69, you’ve done the same thing as playing a roulette table and won.

If Bitcoin goes to 69 and you hold and it goes to 48 and you HAVE DIAMOND HANDS, then when it goes back to 69 you’ve lost nothing. And obviously, after it goes back to 69, it’s going to go a lot higher than that.

Trying to time ups and downs IS gambling. Period. I’m not completely against gambling on principle, unless it’s serious “bet mom’s house” gambling, but it is just gambling. It’s not some scientific process.

Kiyosaki’s next tweet was just telling people to buy.

Jordan Peterson says: “if you think tough men are dangerous wait until you see what weak men are capable of”. Fourth Turning says “Weak leaders lead to war.” Biden is weakest leader in history. Buy gold, silver, Bitcoin & bullets. Prepare for war. Be aware. Take care.

— therealkiyosaki (@theRealKiyosaki) December 11, 2021

NOT FINANCIAL ADVICE

Buying assets cannot be a bad idea, if the other option is to hold cash. The one thing you do not want is US dollars. I’m not bullish on gold at all, maybe a little bit more bullish on silver (though where are you going to put it?). I’m 1000% on Bitcoin, not really any other crypto; all other cryptos are by definition shitcoins, and messing with them is gambling. Yes, Ethereum is a shitcoin, and anyone who tells you different is a con artist.

The only respectable economic advisor on earth is Michael Saylor.

If I didn’t have various economic problems personally, I would be taking out every loan I could get and buying Bitcoin. It is just basic common sense.

DEFINITIVE LIFE ADVICE

However, all aside, I am most bullish on bullets and preparing for war.