Robert Kiyosaki Exposes Government Deception: US Economy on the Brink
Amidst ongoing pessimistic forecasts for the future of the United States economy, Robert Kiyosaki, a well-known investor and author of the highly popular personal finance book 'Rich Dad Poor Dad,' has expressed his concerns and lack of trust in the current government, which he believes is not acting in the best interest of the people.
Kiyosaki openly criticized the US Federal Reserve and other branches of the government, referring to them as “the Adams family” and accusing them of being “detrimental to the economy.” During a recent episode of his podcast, ‘The Rich Dad Channel,’ streamed on June 28, he emphasized the serious troubles faced by the economy.
In a conversation about the US financial outlook with his wife and fellow investor, Kim Kiyosaki, and economist Nomi Prins, author of ‘Permanent Distortion: How Financial Markets Abandoned the Real Economy Forever,’ Kiyosaki argued that the commercial banks were actually the ones controlling the Fed from behind the scenes.
Kiyosaki expressed his opinion that the Fed was not acting in the people’s best interest, suggesting that its establishment was primarily aimed at rescuing the banks. He accused the institution of deceiving the public to prevent them from hastily withdrawing their funds from the banks.
According to Kiyosaki, relying on the Fed to solve the current economic crisis would be a mistake. He highlighted the real problem as the mounting debt that cannot be covered. He criticized the Fed’s solution of continuous money printing, as they have removed any limitations on the process.
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Kiyosaki also drew attention to the lack of proper financial education among college-educated individuals in the US. He urged them to acquire the necessary knowledge to protect themselves from the impending market crash, which he believes will occur as the US economy, in his view, declined towards a communist state.
Furthermore, Kiyosaki warned about the possibility of the “largest real estate crash ever” and predicted that the upcoming crisis would surpass the magnitude of the Great Recession of 2007-2009. He advised his followers to invest in assets such as gold, silver, Bitcoin (BTC), and Wagyu cattle as a safeguard.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
