[R. Kiyosaki sounds alarm on hidden “chaos” in banks]
While Robert Kiyosaki, author of the best-selling book Rich Dad Poor Dad, is known to have been critical of U.S. financial authorities, his latest warning is particularly alarming.
On the July 10 episode of the Rich Dad Channel Podcast, Kiyosaki discussed red flags in the U.S. economy, including central bank digital currency (CBDC) and the fragility of the banking system, with general economics expert George Gammon.
First, Kiyosaki talks about rescuing the collapsed Silicon Valley Bank (SVB) last year. He believed the bank collapsed because it used customers' money to buy debt assets, leading to a run on the bank and assets going bad. He criticized the U.S. banking system and the leaders of the largest banks as "bank gangsters," a term coined by American trend forecaster Gerald Celente.
In addition, Kiyosaki also expressed concerns about the national CBDC "Fedcoin" and the FedNow payment infrastructure developed by the Federal Reserve, believing that these are major threats to citizens' privacy, similar to the concept in George Orwell's novel "1984". He believes that a CBDC would allow the government to track our every move and monitor how we spend our money.
Kiyosaki asked the question "Which bank is still safe?" and called the FDIC's bailout in the Silicon Valley Bank incident a "moral crisis" and "the end of capitalism." He said trust has disappeared and money is trust.
Kiyosaki has long warned of impending financial disaster, advising his followers to stay away from “fake” fiat currencies and banks and instead invest in Bitcoin (BTC) and precious metals like gold and silver.
