Robert Kiyosaki, the author of “Rich Dad Poor Dad,” took to Twitter to express his concerns over the Federal Reserve’s recent actions, calling the central bank “criminal.” He accused the Fed of supporting big banks like JPMorgan Chase, which is wiping out regional banks across America. According to Kiyosaki, regional banks are essential to the economy and are being destroyed by the Fed, which is intentionally causing a depression.
Kiyosaki’s concerns were not limited to the regional banks. He noted that even Amazon is affected by the Fed’s actions. Without credit flowing, Amazon is cutting 18,000 jobs, he said. Kiyosaki warned that the ripple effect from the Fed’s actions would bring down the United States, and called on his 2.4 million Twitter followers to support small banks and small businesses.
In another tweet, Kiyosaki criticized President Joe Biden’s central bank digital currency (CBDC), calling it “Big Brother.” He encouraged his followers to invest in gold, silver, and bitcoin, given the rising economic chaos, war, and hunger around the world.
Kiyosaki has been an advocate of bitcoin and other cryptocurrencies for a long time. He has spoken about the importance of financial education and the potential of cryptocurrencies to transform the financial world.
The debate about the role of the Federal Reserve in the economy is not new. Critics argue that the Fed’s support of big banks has led to a concentration of power in the financial sector, while small banks and businesses struggle to survive. However, defenders of the Fed argue that the central bank has played a vital role in stabilizing the economy during moments of crisis.
Kiyosaki’s latest comments raise important questions about the role of central banks in the economy and the potential consequences of their actions. As more people become aware of the implications of the Fed’s policies, the debate over the future of the banking system is likely to intensify.
