Robert Kiyosaki, renowned investor and author of the best-selling book "Rich Dad, Poor Dad," has issued warnings about the actions of the United States government, specifically the Federal Reserve and the Treasury Department.
He considers their policies ‘criminal‘ and suggests specific assets that people can use to preserve their wealth in the current economic environment.
He discussed these concerns with Gold Newsletter editor and New Orleans Investment Conference executive director Brian Lundin, as well as entrepreneur and Bitcoin (BTC) advocate Anthony Pomplano.
Kiyosaki outlined strategies to protect wealth against what he considers dangerous Fed policy. The author stressed that in the current era of unlimited quantitative easing (QE), in which the Fed is buying all kinds of bonds – actions that he believes violate the Fed’s constitutional role – investing in gold, silver and Bitcoin is critical.
QE is a monetary policy tool used by central banks, including the U.S. Federal Reserve, to inject liquidity into the economy by purchasing securities such as Treasury bonds and mortgage-backed securities (MBS).
Kiyosaki also explained that he supports assets such as gold, silver and BTC because they operate outside the traditional financial system, making them less vulnerable to Fed and Treasury intervention. He also noted that the average person may not fully understand the implications of the actions of the aforementioned institutions.
According to Kiyosaki, “anyone who invests in gold, silver or Bitcoin is essentially rebelling against the system. Bitcoin and Ethereum (ETH), being open source, cannot be manipulated by the Fed, Treasury or politicians.”
He also stressed that these assets should be viewed not only as investments, but as insurance policies. Kiyosaki argues that the Fed and Treasury are engaging in reckless money printing, even buying substandard bonds, which could lead to unprecedented levels of monetary expansion.
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