Days after the United States Federal Government’s Bureau of Labor Statistics released its recent report that shows US employment increasing by the most in eight months in September, Robert Kiyosaki has criticized it, stating it misrepresented the facts.
As it happens, the prominent investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ argued that the report on job growth was a lie and actually referred to people working two jobs or part-time workers, as he pointed out in an X post shared on October 8.
Furthermore, he highlighted that this hurt small businesses the most, while big businesses are unscathed and get richer, referring to the situation as “Marxism, Socialism, Fascism” instead of capitalism, which at its core is supposed to support local small businesses.
Criticizing the US government
Indeed, Kiyosaki has criticized the US government for a long time, stating that “America is broke” and that the American Empire was “coming to an end” amid the “de-dollarization” of the world or as the US dollar loses its position as the global reserve currency and comes flooding back to the country’s shores.
He has also said that one of the major problems with the US economy that could contribute to its downfall was the student debt, which he said was the country’s biggest asset, as it comprised 41% of the US government’s balance sheet and that the country was “bleeding the pockets of our students,” as Finbold reported on July 20.
More recently, the finance educator has also condemned the US central bank digital currency (CBDC) project ‘FedNow Service,’ expressing concerns over its implications on privacy and urging his followers to stock up on Bitcoin (BTC), gold, silver, and cash, sooner rather than later, as he believes the CBDC would lead to a massive increase in value of these assets.
Featured image via The Rich Dad Channel YouTube