- Robert Kiyosaki lambasts Fed Chair and Treasury Secretary, alleging they have been fooling the world.
- Kiyosaki questions the financial incompetency of the authority, warning them to get away from the public’s money.
- The investor also alleged Bankman-Fried of fooling Shark Tank fame Kevin O’Leary, and CNBC’s Jim Kramer.
In a surprising revelation, Japanese-American investor Robert Kiyosaki, acknowledged for his book “Rich Dad Poor Dad,” shared an X post, lambasting the ill-famed FTX founder Sam Bankman-Fried. Unearthing a series of allegations against Bankman-Fried, Kiyosaki also slammed Fed Chair Jerome Powell and Treasury Secretary Janet Yellen.
On October 28, Kiyosaki took to Twitter to post a critical comment that condemned the presently degrading economic and financial conditions of the United States. He starkly criticized the recent statements of the Fed Chair and Jerome Powell, claiming that they have been “fooling the world.”
Reflecting on Powell and Yellen’s moves, Kiyosaki raised a substantial question, “Wonder if SBF will fool judge and jury the way our Fed Chairman and Treasury Secretary are fooling the world?”. In addition, he alleged that the FTX founder “fooled” prominent investors, including Television series Shark Tank fame Kevin O’Leary, better known as Mr. Wonderful, and CNBC’s Mad Money host Jim Kramer.
On Thursday, the US Treasury Secretary commented that the 5% of economic growth in the third quarter of 2023 is “a good strong number”, poised to reach more heights in the near future. She added, “What we have looks like a soft landing.”
Though Powell repeatedly hinted at the Fed’s decision not to increase interest rates, claiming that the rise in yields lessened the need for Fed rate hikes, reports suggest the increasing yields showcase the upward trajectory of interest rates. As per reports, since May 2022, the US Fed has implemented interest hikes, resulting in a surge from 0.25-0.50% to 5.25-5.50%.
Kiyosaki, who previously alerted the impending financial crises, further questioned the “financial incompetence” of those figures who serve the highest positions in the economy. He made a sharp comment, warning the authorities to “keep your [their] hands off our [public’s] money.”
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