Fun

Rich Dad Poor Dad’s Robert Kiyosaki Says the Fed and Treasury Are Destroying the Dollar, Advises Saving Bitcoin

News Feed - 2022-02-06 10:02:21

Rich Dad Poor Dad"s Robert Kiyosaki Says the Fed and Treasury Are Destroying the Dollar, Advises Saving Bitcoin


The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that the Federal Reserve and the Treasury are destroying the U.S. dollar. Noting that they are sending billions of dollar savers and uninformed investors to “financial hell,” he advised, “Save gold, silver, and bitcoin.” Robert Kiyosaki’s Warning and Advice


Robert Kiyosaki, the author of Rich Dad Poor Dad, tweeted this week that the Federal Reserve and the U.S. Treasury Department are “destroying the dollar.”


Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.


Kiyosaki wrote, “There are a million paths to financial heaven and a billion paths to financial hell,” adding: Fed and Treasury [are] destroying the dollar sending billions of dollar savers and uninformed to financial hell. Go to financial heaven. Save gold, silver, and bitcoin.


This is not the first time the famous author has warned about the Fed and the Treasury hurting the economy and individual investors.


In December last year, Kiyosaki tweeted a warning that the Fed and U.S. President Joe Biden are “pushing fake inflation.” He predicted an imminent, massive crash that will be followed by a depression.


Kiyosaki also said in October last year that Biden and the Fed are “ripping off poor people,” reiterating that the U.S. is sliding into a depression. “Inflation rips off the poor. Inflation makes [the] rich richer,” he stressed. The famous author also tweeted in the same month: I love bitcoin because I do not trust [the] Fed, Treasury, or Wall Street.


Kiyosaki has been recommending that investors buy gold, silver, and bitcoin for quite some time.


In January, the famous author said it was great news that the price of bitcoin was crashing. He addedthat he will buy more BTC when the price of the cryptocurrency tests $20K. In November, he said he will also buy ether as inflation fears escalated. Tags in this story Rich Dad Poor Dad, Rich Dad Poor Dad Bitcoin, Rich Dad Poor Dad crypto, Rich Dad Poor Dad cryptocurrency, robert kiyosaki, robert kiyosaki bitcoin, robert kiyosaki cryptocurrency, the dollar, The Federal Reserve, Treasury


What do you think about Robert Kiyosaki’s advice? Let us know in the comments section below. Kevin Helms


A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. Billionaire Ray Dalio Discusses Future of Money, Insists Some Governments Will Ban Crypto FEATURED | 5 hours ago US Lawmaker: Crypto Assets Are Here to Say, Diversified Portfolios Should Have Crypto Exposure FEATURED | 1 day ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleUS Lawmakers Introduce ‘Virtual Currency Tax Fairness Act’ to Boost Cryptocurrency Use for Payments Next articleBillionaire Ray Dalio Discusses Future of Money, Insists Some Governments Will Ban Crypto Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItNansen Report Highlights Growth of Defi and NFTs in 2021


Nansen, a cryptocurrency and blockchain statistics and analytics platform, has issued a report on the growth of decentralized finance (defi) in 2021. The document highlights how defi managed to keep growing, opening the field to new participant chains. Non-fungible tokens ... read more.Central Bank Governor Says Kenya"s Position on Cryptocurrencies Has Not Changed Crypto Ban in Russia Can Have Opposite Effect, Medvedev Warns as Opposition Mounts Against Proposal Ethereum Fees Drop 53% in 20 Days — Polygon Hermez, Loopring Offer Lowest L2 Fees Judge Orders Argentinian Soccer Association to Drop Binance Deal

News Feed

Derek Andersen5 hours agoCrypto Stories: eToro co-founder Yoni Assia’s life in finance led him to adopt crypto earlyYoni Assia wanted to make trading accessible to “normal” people, and Vitalik Buterin helped him de
Dogecoin Flashes Buy Signal – Key Indicator Hints At Rebound
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Russian Finance Ministry to Draft 2 Crypto Laws as Central Bank Prepares Own Bills
Russian Finance Ministry to Draft 2 Crypto Laws as Central Bank Prepares Own Bills The Russian Ministry of Finance has proposed the adoption of two pieces of legislation aimed at r
California county to regulate Bitcoin ATMs backed by state laws
Arijit Sarkar25 minutes agoCalifornia county to regulate Bitcoin ATMs backed by state lawsChico, California, looks to state and local regulations to oversee Bitcoin ATMs, aiming to limit fraud and ensure transparency.186
Mint Bot Allows Telegram Users to Tip People in Chat Rooms With Any SLP Token
Mint Bot Allows Telegram Users to Tip People in Chat Rooms With Any SLP Token A software developer recently launched a new Simple Ledger Protocol (SLP) tipping bot for Telegram c
A Look at the Fed’s Recent Custodia Bank Denial and the Central Bank’s Push Back Against Narrow Banking
A Look at the Fed"s Recent Custodia Bank Denial and the Central Bank’s Push Back Against Narrow Banking Over the past century, the number of American banks has significantly decr
TRUMP Meme Coin Plants Flag On TRON Network—Details
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Ana Paula Pereira2 hours agoJPMorgan moves into deposit tokens for settlements: ReportJPMorgan is reportedly developing the infrastructure to run a new deposit token, allowing settlements between banks for corporate clie
FTX Exchange Launches Pre-IPO Futures Contracts for the Coinbase Public Listing
FTX Exchange Launches Pre-IPO Futures Contracts for the Coinbase Public Listing After the San Francisco-based exchange Coinbase announced it was registering with
Nintendo will not use generative AI to build game titles
Arijit Sarkar13 minutes agoNintendo will not use generative AI to build game titlesNintendo’s president addresses the risks of intellectual property breaches with generative AI at a shareholder meeting.108 Total views4
India’s Central Bank Digital Currency Should Be Able to Do Anything Cryptocurrency Can Do With No Risk, Official Claims
India"s Central Bank Digital Currency Should Be Able to Do Anything Cryptocurrency Can Do With No Risk, Official Claims An Indian central bank official claims that if there is anyt
Abra settles with fifth state as US operations may be winding down
Derek Andersen2 hours agoAbra settles with fifth state as US operations may be winding downThe platform was part of a targeted campaign by state regulators and promised to stop U.S retail operations last summer.7890 Tota