Will the Fed Save the Dollar or Save the Economy? – Robert Kiyosaki Quarantine Updates
What will the Fed chairman do? Will he be inflationary, which means printing more money, or deflationary, which means raising interest rates and tightening the flow of money? Does he save the dollar, or save the economy? Does he increase the money supply, or increase demand for the dollar?
If he prints more money, that’s good news for gold bugs like Robert Kiyosaki, but bad news if you save your money.
In this update, Robert discusses this tweet regarding the 8-year technical chart on gold:
“The 8-year technical chart on gold, available from KITCO, for free, shows gold in a perfect TEA-Cup pattern. What does T-Cup mean? Depends. I will buy more gold. May be the last time I can buy gold below $2,000. Others will sell. Most important. What do you think? Get smart. Take care.”
No matter what happens with the economy, you have to be careful who your teachers are and make the best decision for yourself.