Summary
⚈ He urged people to ditch fiat money for gold, silver, and Bitcoin.
⚈ The author has warned of a looming market crash and promotes alternative assets to protect wealth.
Best-selling author Robert Kiyosaki has raised an alarm regarding what he describes as a corrupt, centralized financial system that everyday people must escape.
In his message, Kiyosaki cited insights from U.S. Congressman Ron Paul, a long-time advocate for abolishing the Federal Reserve and all central banks.
Kiyosaki highlighted Paul’s book End the Fed, where he pointed to what he called “price fixing” by central banks, a practice he says is synonymous with central planning and a key tool of socialism, according to a post on X from May 10.
“Price fixing is a tool of socialism and central planning is pure Marxism…and is designed to steal your wealth, destroy production, steal our freedoms, and open the doors for a socialist takeover,” Kiyosaki said.
Furthermore, the Rich Dad Poor Dad author blamed the current financial system for encouraging widespread dishonesty, from manipulated statistics to corrupt leadership and fraudulent monetary practices.
In his call to action, Kiyosaki urged people to reject what he labeled “fake money” and the influence of “academic socialists.”
Kiyosaki’s advice on wealth protection
Instead, he advised individuals to protect their wealth and liberty by adopting a decentralized standard based on gold, silver, and Bitcoin.
“My suggestion: Don’t be a loser. Don’t let left-wing academic socialists win. Fight back. Save your freedom. Don’t work or save fake money. Get on your own decentralized gold, silver, and Bitcoin standard,” he added.
Notably, the financial educator has long criticized fiat currency and central banking, blaming the Fed for accelerating inflation.
Interestingly, as reported by Finbold, Kiyosaki previously praised Bitcoin (BTC) investors for rejecting traditional financial institutions, which he slammed as a “Den of Thieves.”
To this end, the investor accused the U.S. government, the Treasury, and the Federal Reserve of enabling wealth theft through fiat currency.
Kiyosaki’s criticism of the traditional finance system has also informed his controversial projection of an upcoming market crash, which he believes has already begun.
According to the author, investors need to turn to alternative assets to protect their wealth. He has recently become bullish on silver due to its industrial use and believes Bitcoin is better than gold due to its limited supply.
Disclaimer: The featured image in this article is for illustrative purposes only and may not accurately reflect the true likeness of the individuals depicted.
