Rich Dad Poor Dad Author Warns of Fed CBDC, Asks to Take Measures

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Rich Dad Poor Dad Author Warns of Fed CBDC, Asks to Take Measures
  • Robert Kiyosaki, author of “Rich Dad, Poor Dad,” warns about the development of a US central bank digital currency (CBDC) by the Federal Reserve.
  • Kiyosaki advocates for alternative assets such as precious metals, bitcoin, and physical banknotes.
  • .He encourages people to save these assets for anonymity and to avoid government monitoring.

Robert Kiyosaki issued a stark warning about the Federal Reserve’s development of a central bank digital currency (CBDC) in the United States. Kiyosaki, best known for his Rich Dad, Poor Dad series, suggested in a tweet that a digital dollar could enable troubling government surveillance.

In his tweet, Kiyosaki told his 2.4 million followers that the “Fed CBDC is coming” and will mean “privacy gone.” He argued that the ability to track digital currency transactions would allow “Big Brother” to monitor Americans’ spending habits and behaviors. 

Kiyosaki has emerged as a vocal critic of a potential digital dollar controlled by the Federal Reserve. He claims centralized oversight would mark a radical loss of financial privacy and freedom compared to physical cash.

In his tweet, Kiyosaki went on to argue that precious metals, bitcoin, and physical banknotes will become “priceless” alternatives if the digital dollar materializes. He urged citizens to begin “saving” alternative assets immediately to preserve anonymity and avoid government monitoring. He also asked his followers to save GSBC and cash now before it’s too late.

Kiyosaki built his brand by questioning conventional financial wisdom and often taking contrarian stances that resonate with his antiauthoritarian following. His CBDC views align with deep suspicions of government overreach, which are popular among libertarians.

However, the privacy risks he highlights around digital currencies also trouble some progressives wary of expanding the Fed’s powers. Diverse coalitions across the political spectrum argue individual rights require strict limitations on tracking CBDC transactions.

As the Federal Reserve considers the potential introduction of a pilot program for the digital dollar, there is an ongoing and vigorous discussion surrounding the delicate balance between innovation, privacy considerations, and regulatory aspects. However, notable figures such as Robert Kiyosaki, who strongly emphasize the Central Bank Digital Currency (CBDC) as a potential threat to civil liberties, have the potential to heighten public concerns in this matter.

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