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Financial educator Robert Kiyosaki, best known for his book Rich Dad Poor Dad, has once again issued a dire warning about the state of the global economy. His book has sold over 32 million copies, been translated into more than 51 languages, and remained on the New York Times bestsellers list for over six years. In a post on social media platform X on Feb. 13, Kiyosaki cautioned against expectations of a “soft landing,” urging individuals to prepare for a severe economic downturn. He stated: “Layoffs to accelerate. Trump to eliminate 65,000 jobs. Even oil companies laying off thousands of workers because the economy is contracting. Car companies such as Nissan and Volkswagen laying thousands of workers.” The famous author continued with an even more alarming prediction: It’s not going to be a soft landing. Stop dreaming. Prepare for a market crash, possible depression, and war. Kiyosaki emphasized the importance of preparation over blind optimism, warning against government assurances: “Best to ‘prepare’ than to spend your life ‘pretending’ … believing in the tooth fairy.” He stressed: Best way to prepare for the crash is stop listening to government officials who promise a ‘soft landing.’ Time to get back to real life. The renowned author has long predicted economic downturns, with some of his forecasts proving inaccurate. In January 2025, he reiterated his belief in a major stock market crash, pinpointing February 2025 as a critical moment. While his past warnings have not always materialized, his latest message serves as a reminder of the uncertainties within the global economy. Whether his grim outlook will come to pass remains uncertain, but his call for preparation has resonated with many who are growing increasingly wary of economic instability. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到[email protected]，本平台相关工作人员将会进行核查。

Economist and gold advocate Peter Schiff has issued a stark warning about inflation, arguing that the Federal Reserve’s response is inadequate and that the economy faces serious risks. He criticized traders for selling gold in reaction to inflation data. “The knee-jerk reaction to sell gold on hotter than expected inflation news was wrong,” he stated on social media platform X Wednesday, elaborating: Rising inflation is very bullish for gold. It doesn’t matter if rate cuts are delayed. It’s the failure of the Fed to hike rates that’s important. With inflation rising, real rates are falling. Raising concerns about the Federal Reserve’s approach, he highlighted that inflation is accelerating at a concerning pace. “Even if you annualize the last three months of CPI data, the inflation rate is 5%. Inflation is running away and the Fed is asleep at the switch. Actually, it’s afraid to throw the switch for fear of setting off another financial crisis.” The gold advocate predicted in another X post: Inflation will be much higher in 2025 than it was in 2024, but it won’t be because of the tariffs. “However, the Democrats will blame the higher inflation on the tariffs, and the public is likely to believe them. Lower inflation is one promise that Trump can’t keep,” the economist opined. His remarks suggest that inflation concerns will remain a dominant issue in economic and political discussions. Schiff warned that inflation will have broader consequences beyond rising prices, particularly affecting interest rates and economic stability. “Inflation and long-term interest rates, including mortgage rates, will be higher in 2025 than they were in 2024. The economic drag this will create will likely result in an official recession being recognized before year-end. Stagflation, the Fed’s worst fear, will be realized.” He has repeatedly argued that the Federal Reserve’s policies are failing to address the core issues driving inflation and that economic conditions are deteriorating faster than policymakers acknowledge. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到[email protected]，本平台相关工作人员将会进行核查。

Original source: Newsis Compiled by: KarenZ, Foresight News On February 13, South Korea held its third virtual asset committee meeting, planning to allow corporations to open real-name virtual asset accounts in phases, gradually opening up institutional participation in the virtual currency market. This policy marks South Korea's formal opening of the virtual asset market to corporate investors, reflecting changes in the South Korean virtual currency market environment and signaling a trend towards the mainstreaming of cryptocurrencies. However, at the same time, law enforcement agencies such as the prosecution and the National Tax Service have been allowed to open real-name accounts, which may transfer and sell criminal proceeds confiscated in virtual currency and collect tax arrears, potentially raising market concerns. So what directives were issued at the third virtual asset committee meeting convened by the South Korean Financial Services Commission today? The following content is compiled from Newsis. The Vice Chairman of the Financial Services Commission, Kim Joo-young (phonetic), convened the third virtual asset committee meeting and decided to advance the plan for corporations to open real-name virtual asset accounts in three phases, initially allowing law enforcement agencies, non-profit corporations, virtual asset exchanges, and other institutions that need to open accounts for "cash conversion purposes" to participate, with plans to gradually expand to professional investment corporations (for investment and financial purposes) and ordinary corporations in the future. Therefore, the Financial Services Commission has drafted a roadmap to gradually allow corporate participation in the virtual currency market without compromising user protection and market stability. Law enforcement agencies such as the prosecution, National Tax Service, Customs Service, and local governments have been allowed to open accounts since last November for the transfer and sale of virtual assets due to the confiscation of criminal proceeds and the compulsory collection of tax arrears. Non-profit corporations, such as designated donation groups, need to receive and liquidate virtual asset donations, and will be allowed to open corporate accounts in the second quarter of this year. However, due to the lack of specific standards and procedures in receiving and liquidating virtual assets, internal control standards need to be established in advance. Exchanges need to sell virtual assets (their own assets) obtained from transaction fees for operational expenses such as employee salaries and taxes, thus requiring urgent sales transactions. Given that such sales transactions may have a proprietary nature, potentially harming users by causing price declines, the South Korean government plans to establish public guidelines to limit the types and quantities of virtual assets sold. The second phase policy, which will be promoted in the second half of this year, plans to allow professional investment corporations to invest in virtual assets. According to the Capital Markets Act, professional investment corporations do not include financial companies but target listed companies and corporations registered as professional investors (about 3,500). This is to pilot transactions for investment and financial purposes, starting with trades from institutional investors with risk-bearing capacity. Due to the potential anti-money laundering risks associated with large-scale virtual asset transactions, the government will implement this after establishing relevant guidelines and monitoring measures. Additionally, since the investment capabilities of various corporations differ, the opening of accounts will undergo detailed review by banks and exchanges. The full participation of ordinary corporations will be studied as a medium to long-term plan, as it involves secondary legislation related to virtual assets and institutional adjustments such as foreign exchange tax systems. The second phase of legislation needs to include regulatory oversight of the business activities of virtual asset exchanges and a regulatory framework for stablecoins. At the same time, the Foreign Exchange Transaction Act needs to be improved to monitor cross-border virtual asset transactions. The Financial Services Commission plans to work with the government and private institutions to establish guidelines for corporate participation in virtual asset investments. Vice Chairman Kim Joo-young stated, "Regarding the second phase of virtual asset-related laws, including stablecoins, traders, and trading supervision, we will accelerate discussions within the virtual asset committee." He also added, "Regarding token securities, relevant legal amendments have been submitted, and we will actively support the National Assembly in swiftly passing the bill."

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The XRP Ledger (XRPL) has officially integrated with the Inter-Blockchain Communication (IBC) protocol, finally giving XRP holders real access to decentralized finance (DeFi). This new connection hooks up XRPL to Cosmos and Ethereum Virtual Machine (EVM) networks, greatly boosting liquidity and interoperability. According to the IBC protocol on X, for the first time, XRP users can engage with DeFi applications directly through XRPL, a move that takes the token’s functionality way beyond just payments. The integration, put together by Peersyst , establishes XRP as a major player in cross-chain transactions, making it easy to work with other blockchain systems. According to an article from Peersyst Technology, interest in the XRPL EVM continues to grow, with over 1 million transactions, 60,000+ addresses, 1,000+ tokens, and tens of thousands of smart contracts deployed during the Devnet stage. Additionally, more than 50 amendments have been implemented. Related: Cosmos Reveals IBC-Solidity Aims To Connect Ethereum To Cosmos To build on this momentum, teams from RippleXDev, Axelar, and Peersyst are preparing for the launch of the XRPL EVM Testnet. This phase serves as the final testing ground before the system goes live on the Mainnet, a critical step in expanding XRPL’s ecosystem. By joining IBC, XRPL is positioning itself as a multi-chain asset, enabling cross-chain transactions and growing its use cases in DeFi, staking, and liquidity pools. The Cosmos ecosystem, known for its ability to connect blockchains, is welcoming XRP as it moves past its old job as just a payment token. Related: XRP Ledger DEX Volume Hits $400M in January, Ripple CEO Bullish on Growth The successful rollout of the XRPL EVM on Mainnet could further solidify XRP’s role in the blockchain industry, ensuring its long-term relevance as a versatile and widely adopted digital asset. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.