Robert Kiyosaki, a distinguished entrepreneur and the mind behind the best-selling financial series “Rich Dad Poor Dad,” recently took to social media platform X to express his concerns about an impending global financial crisis. He advocates for investments in gold, silver, and Bitcoin as a means to safeguard wealth. Here’s an in-depth look at his perspective and advice.
Why Kiyosaki Distrusts the US Financial System
The acclaimed financial author is vocally critical of the US government, Treasury, and Federal Reserve, referring to the entrenched financial governance as a ‘Den of Thieves’. Kiyosaki, now 77 years old, traces his disillusionment with the US financial establishment back to 1965 when the government replaced silver coins with alloys. Moreover, he cites the Nixon administration’s decision to abandon the gold standard in 1971 as a pivotal moment that deepened his skepticism towards the US dollar-dominated economic framework.
The Case for Gold, Silver, and Bitcoin
Kiyosaki dismisses fiat currency as “fake money” and strongly advises individuals to consider investing in gold, silver, and Bitcoin. This is not a new stance for the seasoned businessman; he has consistently questioned the reliability of fiat currencies. In various interviews, Kiyosaki has elucidated how he believes these currencies are manipulated to exploit individuals financially.
Criticism of Financial Planners and Education System
Kiyosaki is also critical of financial planners, asserting that they often mislead people. He encourages individuals to take control of their financial education, recommending self-study through platforms such as YouTube. His overarching message underscores the importance of securing one’s wealth with tangible assets and emphasizes continuous self-education about financial matters. As uncertainties cloud the financial horizon, Kiyosaki’s call for independent thinking regarding money management has never been more pertinent.
