Robert Kiyosaki, the author of “Rich Dad Poor Dad,” is once again stirring the pot, this time by calling the US dollar a “scam.” He’s urging people to ditch traditional banking and invest in Bitcoin, gold, and silver instead.
The Dollar vs. Bitcoin: A Scam Showdown?
Kiyosaki acknowledges that Bitcoin could be a scam, but argues the US dollar and its banking system are far worse. He blames the Federal Reserve (“banksters,” in his words) for financial instability, accusing them of mismanagement and accepting bailouts while regular people suffer. He uses the example of the Fed bailing out failing institutions instead of holding them accountable.
Inflation and US Debt: A Looming Crisis?
Kiyosaki’s concerns extend to inflation and rising US debt. He predicts these will continue to weaken the dollar, making alternative investments like Bitcoin, gold, and silver crucial for protecting wealth. He believes these assets hold their value better than a depreciating dollar.
Bitcoin ETFs: A No-Go for Kiyosaki
Kiyosaki isn’t a fan of Bitcoin ETFs (exchange-traded funds). He advises against them, arguing that directly owning Bitcoin offers greater control and security. He believes that relying on financial institutions through ETFs introduces unnecessary risk.
Growing Concerns About the System
While Kiyosaki’s views are strong, he’s not alone in his skepticism. Many share his distrust of governments and central banks, particularly given rising inflation and eroding faith in traditional banking. Bitcoin’s growing popularity reflects this sentiment, with many seeing it as a hedge against a failing system. Kiyosaki’s warnings, whether you agree with them or not, are certainly getting people’s attention.
