Rich Dad Poor Dad Author Robert Kiyosaki Once Again Slams Fed Chair as Inflation Surges
Robert Kiyosaki has claimed that the Federal Reserve has been manipulating US citizens to raise interest rates. He issued a serious warning about the incoming inflation storm that will hit the US economy.
He claimed that the Federal Reserve has continued to increase the interest rates while lying about the brewing storm of inflation. He claimed that the state regulators have not been transparent with the people about the true nature of these issues.
He claimed that the issue of inflation has now become a systemic problem. He informed the citizens about having to pay higher costs of living in the upcoming years. It is worth noting that before commencing the current round of interest hikes, Fed promised the citizens that these changes are going to remain on a temporary basis only.
Inflation is now Systemic, Says Robert Kiyosaki
Commenting on the current status of the US economy, Robert Kiyosaki, known for his international bestseller Rich Dad, Poor Dad, has issued some grave warnings. He claimed that the Federal Reserve has made inflation a systemic issue.
The people who have agreed to go with these changes should be ready to keep up with the increasing cost of living. He claimed that Jerome Powell started the rounds of quantitative tightening by claiming that the inflation pressure on the economy is only transitory.
However, the Fed has decided to keep tightening the economy with the approaching second quarter of the New Year. The author and investors claimed that Fed has lied and deceived the masses about the duration and severity of inflation.
He further warned about another wave of inflation coming the way of the citizens following the demise of three lenders in the US. He claimed that the US government is likely to print more money to get out of the current payment obligations and worsen inflation.
Kiyosaki also questioned the new bailout offer by the Biden administration, claiming that if the government does not use taxpayer money to support these banks, how can they shoulder this burden?
On this account, he has also warned the taxpayers while maintaining that FDIC has purported hyperinflation under the guise of issuing fake money.
However, as always, the finance guru has also shared some important solutions for the investors to deal with the current circumstances. He claimed that the masses should take refuge by investing in Bitcoin. On the other hand, he has also encouraged investors to offset losses by accumulating Gold and Silver, claiming that they can work as a store of value against rapidly devaluating USD.
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