menuIcon
$ 96,982.3
BTC
$ 96,982.3
2.51 %
$ 1,818.59
ETH
$ 1,818.59
0.26 %
$ 0.6787
ADA
$ 0.6787
2.67 %
$ 604.20
BNB
$ 604.20
0.70 %
$ 147.04
SOL
$ 147.04
0.62 %
Sujit Kumar
Jul 16, 2024
by Sujit Kumar

Robert Kiyosaki Warns of U.S. Economic Red Flags and CBDC Dangers

Robert Kiyosaki

Table of contents

  1. Critique of CBDCs and Fedcoin
  2. Questioning Banking Safety
  3. Investment Advice
Renowned investor and author Robert Kiyosaki has issued stark warnings about the U.S. economy, highlighting concerns over central bank digital currencies (CBDCs) and banking system weaknesses. Speaking with macroeconomic expert George Gammon on his podcast, The Rich Dad Channel, Kiyosaki critiqued the bailout of Silicon Valley Bank (SVB) and labeled top U.S. bankers as "banksters," a term blending 'bankers' and 'gangsters.'

[embed]https://www.youtube.com/watch?v=BNaZ3Qiz_-0[/embed]

Critique of CBDCs and Fedcoin

Kiyosaki voiced strong concerns about the impending launch of a national CBDC, Fedcoin, and the FedNow payment system developed by the U.S. Federal Reserve. He likened these developments to George Orwell's dystopian visions, suggesting they pose significant threats to citizens' privacy and freedom.

Questioning Banking Safety

The finance author further questioned the safety of current banking institutions, calling the Federal Deposit Insurance Corporation's (FDIC) bailout of SVB a "moral hazard" and a threat to capitalism. He urged listeners to reconsider their reliance on traditional banks.

Investment Advice

Consistent with his longstanding advice, Kiyosaki urged his audience to move away from fiat currency and invest in alternative assets such as Bitcoin (BTC) and precious metals like gold and silver. He emphasized that these investments could provide a safer haven amidst potential economic turmoil.

Kiyosaki's latest warnings and investment recommendations underscore his belief in the imminent challenges facing the U.S. financial system. As the economic landscape continues to evolve, his advice to seek refuge in alternative assets remains pertinent for many investors.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Follow us on: News
Robert Kiyosaki U.S. Economic Red Flags
Robert Kiyosaki Warns of U.S. Economic Red Flags and CBDC Dangers
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

Top Picks