Renowned entrepreneur and author of the best-seller ‘Rich Dad Poor Dad,’ Robert Kiyosaki, is making headlines once again for his strong stance on centralized monetary systems. He is urging his followers to move away from what he terms ‘counterfeit cash’ and instead embrace alternative stores of value such as Bitcoin, gold, and silver.
In a post published on May 10, Kiyosaki voiced his opinion against central banking systems, with a focus on the Federal Reserve. He agreed with Ron Paul, a former US Congressman and an author, who criticized the Federal Reserve’s interest rate setting as ‘price fixing,’ akin to socialist and Marxist economic control.
Kiyosaki echoes Paul’s warning that such mechanisms depreciate personal wealth and restrict economic freedom. He asserts, “Counterfeit cash engenders deceptive statistics, deceitful accounting, fraudulent balance sheets, dishonest compensation, false relations, corrupt leaders, and everyday life corruption.”
The ‘Rich Dad Poor Dad’ author is encouraging Americans to ‘resist’ by choosing decentralized stores of value such as Bitcoin (BTC) and precious metals over fiat systems.
Kiyosaki’s skepticism towards fiat currency is not recent. He has consistently critiqued the US dollar, describing it as a ‘moribund’ currency suffering from government expenditure and central bank manipulation. He backs assets that are immune to political control and cannot be devalued.
According to Kiyosaki, assets like gold, silver, and Bitcoin are essential to counter inflation and are crucial for amassing long-term generational wealth across economic cycles. He counsels, “Don’t earn or save counterfeit cash. Adopt your personal decentralized standard of gold, silver, and Bitcoin.”
In a post on April 18, Kiyosaki predicted that Bitcoin’s value could reach $1 million by 2035 as the US dollar continues to devalue due to inflationary fiscal policies. Other figures, such as ARK Invest CEO Cathie Wood and Eric Trump, have also expressed confidence in Bitcoin’s potential growth.
