Robert Kiyosaki argues a global cash shortage is driving the market crash and says he’s holding Bitcoin and gold, adding he’ll buy more BTC once the downturn ends. Robert Kiyosaki, author of Rich Dad Poor Dad, has told his 2.8 million followers on X that he is not selling his Bitcoin or gold despite the sharp decline. “The everything bubbles are bursting,” he said in a Saturday post, adding that the real reason markets are falling is a global cash shortage. “The cause of all markets crashing is the world is in need of cash,” he added. Kiyosaki said he expects what he calls “The Big Print,” citing Lawrence Lepard’s thesis that governments will resort to massive money creation to cover mounting debt loads. Read more
At least nine people were killed and 32 injured in an “accidental explosion” at the Nowgam police station in India-occupied Kashmir’s Srinagar when confiscated explosives detonated late last night, authorities said on Saturday. Most of those killed were policemen and forensic team officials who were extracting samples from a large cache of explosives seized earlier this week in Haryana state, the Press Trust of India (PTI) said. The Ministry of Home Affairs confirmed the casualties, PTI reported. The ministry’s joint secretary, Prashant Lokhande, said the cause of the incident was being investigated and any other speculation into the cause of the blast was unnecessary. Both Lieutenant Governor Manoj Sinha and Director General of Police Nalin Prabhat termed the incident “accidental”. The governor said he has ordered a “probe to ascertain the cause of the accidental explosion”, while the police chief also stressed that “any other speculation into the cause of this incident is unnecessary”. “Due to the sensitive...