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Cryptocurrency News Articles

Robert Kiyosaki, author of Rich Dad Poor Dad, is once again sounding the alarm on the dangers of centralized monetary policy

May 10, 2025 at 05:16 pm

Robert Kiyosaki, businessman and best-selling author of Rich Dad Poor Dad, is once again sounding the alarm on the dangers of centralized monetary policy

Robert Kiyosaki, the businessman and best-selling author of Rich Dad Poor Dad, is once again setting off alarm bells about the dangers of centralized monetary policy.

The 76-year-old investor is urging his followers to abandon what he calls "fake money" and adopt alternatives like Bitcoin (BTC), gold, and silver.

Kiyosaki backed a hardline stance against central banking systems, particularly the Federal Reserve, while quoting former US Congressman Ron Paul.

Paul, a longtime critic of the Fed and author of End the Fed, described interest rate setting by central banks as "price fixing," equating it to socialist and Marxist economic control.

The former presidential candidate warned that such mechanisms erode personal wealth and undermine economic freedom — a sentiment that aligns closely with Kiyosaki's long-held concerns.

"Fake money leads to dishonest money, dishonest statistics, dishonest accounting, dishonest balance sheets, dishonest compensation, dishonest relations, dishonest leaders, and corruption in everyday life," Kiyosaki wrote.

He called on Americans to "fight back" by opting out of fiat systems and instead embrace decentralized stores of value like BTC and precious metals.

"Don't work or save fake money. Get on your own decentralized gold, silver, and Bitcoin standard."

The investor's disdain for fiat currency is evident in his repeated criticisms of the US dollar, which he labels a "dying" currency inflated by government spending and central bank manipulation.

His financial philosophy, which draws heavily from Austrian economics and personal sovereignty, champions assets that cannot be debased or politically controlled.

Kiyosaki has long argued that bearer assets like gold, silver, and more recently Bitcoin, are critical hedges against inflation and key to long-term generational wealth accumulation through economic cycles.

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Other articles published on May 11, 2025