Robert Kiyosaki, the author of the best-selling book ‘Rich Dad Poor Dad,’ has recently expressed concerns about the US economy in a podcast episode with macroeconomic expert George Gammon. He highlighted the vulnerabilities in the banking system, citing the example of Silicon Valley Bank’s collapse due to risky investments with clients’ money.
Kiyosaki also criticized the introduction of central bank digital currencies (CBDCs) like Fedcoin and the FedNow payment infrastructure, warning about the Orwellian implications for citizens’ privacy. He compared the tracking capabilities of CBDCs to George Orwell’s novel ‘1984,’ where citizens are constantly monitored by a totalitarian government.
Furthermore, Kiyosaki questioned the safety of banks in the current financial climate and criticized the bailout actions of the Federal Deposit Insurance Corporation (FDIC) as a “moral hazard.” He described the situation as a “big mess” and lamented the loss of trust in the financial system.
Robert Kiyosaki has been a vocal critic of the traditional banking system and fiat money, advocating for investments in alternative assets like Bitcoin, gold, and silver. He believes that the current financial system is unsustainable and warns of an upcoming financial apocalypse.
It is important to note that the content in the podcast and this article should not be considered investment advice. Investing is speculative, and there is always a risk of losing capital. It is advisable to do thorough research and consult with financial experts before making any investment decisions.
