Robert Kiyosaki, author of the book “Rich Dad Poor Dad”, maintains his pessimistic perspective on the economy and financial markets. Kiyosaki, who holds the Fed responsible for undermining the economy, urges investors to turn to alternative assets such as gold, silver and the cryptocurrency Bitcoin. Kiyosaki made harsh criticisms of the Fed in his last X post. Describing the institution as a “criminal organization”, the author argued that the Fed destroyed the economy and made the poor poorer.
“Pearls” by Kiyosaki
Robert Kiyosaki, the bestselling author of the personal finance book ‘Rich Dad Poor Dad’, continues to express his criticism of the FED in his pessimistic assessments of the economy and financial markets in general. The criticisms align with Kiyosaki’s view that the Fed is responsible for undermining the economy.
Instead of relying on the Fed, Kiyosaki encourages investors to invest in assets such as gold, silver and Bitcoin. Predicting that gold is ready to fall below $ 1,200, the author believes that silver and Bitcoin will rise. Kiyosaki argues that the US dollar is likely to collapse and the American economy is on a worrying trajectory. Warning investors against a possible market crash, the author suggests that the S&P 500 index may experience a 70% decline.
Instead of fighting the Fed, look at crypto, gold and silver
Along those lines, Kiyosaki shared his unfiltered views on the Fed via an X (formerly Twitter) post on February 17, urging investors to explore non-traditional investment assets. In his post, the author advised investors to focus on investing in assets such as gold, silver and Bitcoin (BTC) instead of ‘fighting the Fed’. This statement reiterates his persistent criticism of the institution, which he has previously described as a criminal organization responsible for the economic difficulties faced by the poor and middle class. Kiyosaki said:
I’m sick and tired of hearing pundits ask, “What is the Fed doing?” The problem is the Fed. The Fed is a criminal organization. The Fed destroyed the economy, impoverished the poor and middle class even further, and bailed out its rich banker friends.
betting on Bitcoin
Kiyosaki has consistently advocated relying on assets like gold, silver and Bitcoin rather than relying on the Fed. Interestingly, the financial educator warned that gold is poised to fall below $1,200. He emphasized that banks prefer precious metals over US debt. Thus, he posed a hypothetical question about how the world and the United States would function without money. He also believes silver and Bitcoin will “take off,” even though he admits he has no knowledge of the first cryptocurrency.
Emphasizing that the US dollar is likely to collapse, Kiyosaki said that he sees the US dollar as bad. Meanwhile, Kiyosaki emphasizes that investors should prepare themselves for a possible market crash. In his latest crash outlook, he claimed the stock market was poised for a crash, stating that the S&P 500 index could suffer a 70% drop in what he called ‘the biggest crash in history’. Kiyosaki is known as the crisis prophet for allegedly giving the clue to the Lehman collapse in 2008.
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