The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that the Federal Reserve and the Treasury are destroying the U.S. dollar. Noting that they are sending billions of dollar savers and uninformed investors to financial hell, he advised, Save gold, silver, and bitcoin.
Robert Kiyosaki, the author of Rich Dad Poor Dad, tweeted this week that the Federal Reserve and the U.S. Treasury Department are destroying the dollar.
Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.
Kiyosaki wrote, There are a million paths to financial heaven and a billion paths to financial hell, adding:
Fed and Treasury [are] destroying the dollar sending billions of dollar savers and uninformed to financial hell. Go to financial heaven. Save gold, silver, and bitcoin.
This is not the first time the famous author has warned about the Fed and the Treasury hurting the economy and individual investors.
In December last year, Kiyosaki tweeted a warning that the Fed and U.S. President Joe Biden are pushing fake inflation. He predicted an imminent, massive crash that will be followed by a depression.
Kiyosaki also said in October last year that Biden and the Fed are ripping off poor people, reiterating that the U.S. is sliding into a depression. Inflation rips off the poor. Inflation makes [the] rich richer, he stressed. The famous author also tweeted in the same month:
I love bitcoin because I do not trust [the] Fed, Treasury, or Wall Street.
Kiyosaki has been recommending that investors buy gold, silver, and bitcoin for quite some time.
In January, the famous author said it was great news that the price of bitcoin was crashing. He added that he will buy more BTC when the price of the cryptocurrency tests $20K. In November, he said he will also buy ether as inflation fears escalated.
What do you think about Robert Kiyosakis advice? Let us know in the comments section below.
A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Go here to read the rest:
Rich Dad Poor Dad's Robert Kiyosaki Says the Fed and Treasury Are Destroying the Dollar, Advises Saving Bitcoin Featured Bitcoin News - Bitcoin News
- The Worlds First Bitcoin Debit Card Is Almost Here [Last Updated On: April 27th, 2014] [Originally Added On: April 27th, 2014]
- Google removes malware Android apps used to secretly mine bitcoin [Last Updated On: April 27th, 2014] [Originally Added On: April 27th, 2014]
- Bitcoin runner-up Litecoin emerges as low-price challenger [Last Updated On: April 27th, 2014] [Originally Added On: April 27th, 2014]
- How does Bitcoin work? - Bitcoin - Open source P2P money [Last Updated On: April 27th, 2014] [Originally Added On: April 27th, 2014]
- Bitcoin - Wikipedia, the free encyclopedia [Last Updated On: April 27th, 2014] [Originally Added On: April 27th, 2014]
- POLICE STATE USA - COP Goes CRAZY at INNOCENT Black Guys Filming a Wal-Mart in Houston - Video [Last Updated On: April 27th, 2014] [Originally Added On: April 27th, 2014]
- START MINING LITECOIN with Home Built LITECOIN MINING RIG (FORGET BITCOIN) ----- THE FUTUR - Video [Last Updated On: April 27th, 2014] [Originally Added On: April 27th, 2014]
- Bitcoin going to $10,000 - Video [Last Updated On: April 27th, 2014] [Originally Added On: April 27th, 2014]
- Bitcoin going over $1,000 - Video [Last Updated On: April 27th, 2014] [Originally Added On: April 27th, 2014]
- Bitcoin Trading Robot - The First Automated Bitcoin Robot - Video [Last Updated On: April 27th, 2014] [Originally Added On: April 27th, 2014]
- Bitcoin or Gold? Squawk Walk Taipei- Squawkonomics - Video [Last Updated On: April 27th, 2014] [Originally Added On: April 27th, 2014]
- Bitcoin Miner AntMiner S1 180 - 200 GH/s Nu in de Aanbieding! - Video [Last Updated On: April 27th, 2014] [Originally Added On: April 27th, 2014]
- New Bitcoin Documentary: Boom or Bust - Video [Last Updated On: April 27th, 2014] [Originally Added On: April 27th, 2014]
- The Bitcoin Revolution Is Just Beginning (Full Interview) - Video [Last Updated On: April 27th, 2014] [Originally Added On: April 27th, 2014]
- Market Extra: Bitcoin venture capital money hasnt kept up with buzz [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- Bitcoin Exchange BTC China Cuts Ties With China Merchants Bank [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- Bitcoin price slips as China steps up regulation [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- Bitcoin price slips on China regulation [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- Win .33 Bitcoin ($150 or so, Depending on BTC value) - Meme game for May 1st - Take My Bitcoins - Video [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- Bitcoin May v0.9.1 GitHub Source Code Development Visualization - Video [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- Jaromil on Russia TV about Bitcoin - Video [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- Atomic-Trade Bitcoin Exchange. AML, BSA, FinCEN compliant - Video [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- Breaks Down Bitcoin - global economic crisis - max Keiser - Video [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- The Bitcoin Group #27 - China Bans Bitcoin Again - Politics - Dark Market - Bitcoin VC - Video [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- Edan Yago - Free Market Bitcoin regulation and Honduras free trade zones.mp4 - Video [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- btc.sx Bitcoin derivatives platform George Samman clip - Video [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- China Bans Bitcoin Again -- Bitcoin the Movie -- Startup for Startups Raises 2,000 BTC - Video [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- Video: Roundup of This Week's Bitcoin News 25th April 2014 - Video [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- Bitcoin and the Internet of Money - Video [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- Virgin Group founder Richard Branson, why he's decided to accept Bitcoin for space travel? - Video [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- Bitcoin for Dummies - Video [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- Live Butterfly Labs Mining Cam- Take My BitCoins- win free Bitcoin - Video [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- Market Extra: Bitcoin is like the early Internet, minus the VC money [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- 'The Rise And Rise Of Bitcoin' Filmmaker: 'There Is No Answer Yet' [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- Bitcoin the movie: It just had to happen [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- Bitcoin [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- Bitcoin Expo 2014: Fireside Chat with Dr Gavin Wood - Video [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- reXBT.com Andreas M. Antonopoulos L.A. Bitcoin Meetup The Network Effect Part 2 of 8 - Video [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- Bitcoin: what happens when the miners pack up their gear? [Last Updated On: April 30th, 2014] [Originally Added On: April 30th, 2014]
- New Bitcoin student club at MIT will promote the virtual currency [Last Updated On: April 30th, 2014] [Originally Added On: April 30th, 2014]
- Dark Wallet Is About to Make Bitcoin Money Laundering Easier Than Ever [Last Updated On: April 30th, 2014] [Originally Added On: April 30th, 2014]
- Bitcoin Vies with New Cryptocurrencies as Coin of the Cyber Realm [Last Updated On: April 30th, 2014] [Originally Added On: April 30th, 2014]
- 4/29/14 - MIT Bitcoin Project, Mt Gox revival plan, Mastercard lobbyists & Team Rubicon - Video [Last Updated On: April 30th, 2014] [Originally Added On: April 30th, 2014]
- Mini Bitcoin Mining Rig with 11 USB Block Erupter from ASICminer - Video [Last Updated On: April 30th, 2014] [Originally Added On: April 30th, 2014]
- Is Bitcoin Over? Mt. Gox Pauses Withdrawals - Video [Last Updated On: April 30th, 2014] [Originally Added On: April 30th, 2014]
- BitCoin Dentist GoCoin Fox News Interview - Video [Last Updated On: April 30th, 2014] [Originally Added On: April 30th, 2014]
- Blockchain Bitcoin BitMe iNjector Instant wallet funds adder - Video [Last Updated On: April 30th, 2014] [Originally Added On: April 30th, 2014]
- Bitcoin Generator Feb 2014 NO SURVEY - Video [Last Updated On: April 30th, 2014] [Originally Added On: April 30th, 2014]
- Free Bitcoin Generator 2013 1 0v Download Miner Tool 2014 - Video [Last Updated On: April 30th, 2014] [Originally Added On: April 30th, 2014]
- MAX KEISER - BITCOIN Is The FUTURE - Video [Last Updated On: April 30th, 2014] [Originally Added On: April 30th, 2014]
- The Bitcoin Meetup - BitcoinMKE Hosts Jeffrey Tucker - Video [Last Updated On: April 30th, 2014] [Originally Added On: April 30th, 2014]
- MIT Bitcoin Expo 2014 - Video [Last Updated On: April 30th, 2014] [Originally Added On: April 30th, 2014]
- Bitcoin, gold and competitive currencies - Video [Last Updated On: April 30th, 2014] [Originally Added On: April 30th, 2014]
- Bitcoin Foundation Election Hiccups -- Pathetic Ohio Bans Bitcoins -- Dogecon SF 2014 - Video [Last Updated On: April 30th, 2014] [Originally Added On: April 30th, 2014]
- Keiser Report: Gold, Silver, Bitcoin FTW! (E527) - Video [Last Updated On: April 30th, 2014] [Originally Added On: April 30th, 2014]
- Bitcoin Talk Show #7 -- Skype BitcoinTalkShow to Call in Live! 🙂 - Video [Last Updated On: May 1st, 2014] [Originally Added On: May 1st, 2014]
- Bitcoin Turbo Miner | Fast Bitcoin Generator | NEW [Updated April 2014] Direct Download! No waiting! - Video [Last Updated On: May 1st, 2014] [Originally Added On: May 1st, 2014]
- Basic Bitcoin Bitches - Video [Last Updated On: May 1st, 2014] [Originally Added On: May 1st, 2014]
- Gold standard vs Fiat vs Bitcoin - Truthloader - Video [Last Updated On: May 1st, 2014] [Originally Added On: May 1st, 2014]
- Bitcoin Exchange - Bitcoin Predictions & Live Market Action! - Video [Last Updated On: May 1st, 2014] [Originally Added On: May 1st, 2014]
- The Bitcoin Revolution is Just Beginning (Preview) - Video [Last Updated On: May 1st, 2014] [Originally Added On: May 1st, 2014]
- How to Defund the System: Bitcoin vs. the Central Banksters - Video [Last Updated On: May 1st, 2014] [Originally Added On: May 1st, 2014]
- Bitcoin, Anarchy and Freedom with Roger Ver - Video [Last Updated On: May 1st, 2014] [Originally Added On: May 1st, 2014]
- bitcoin dogecoin donations and i ramble a ton - Video [Last Updated On: May 1st, 2014] [Originally Added On: May 1st, 2014]
- Techcrunch - Is Bitcoin or Litecoin The New Euro-Disrupt Europe 2013 (Part1) - Video [Last Updated On: May 1st, 2014] [Originally Added On: May 1st, 2014]
- MIT Goes Bitcoin-Wild [Last Updated On: May 2nd, 2014] [Originally Added On: May 2nd, 2014]
- Bitcoin Weekly 2014 April 30: Bloomberg adds Bitcoin to their market index, MIT to produce campus-wide bitcoin ... [Last Updated On: May 2nd, 2014] [Originally Added On: May 2nd, 2014]
- 'Dark Wallet' wants to make Bitcoin even harder to trace [Last Updated On: May 2nd, 2014] [Originally Added On: May 2nd, 2014]
- Better than Bitcoin! Creating Multiple Sources of Income, Growing Tomatoes - Video [Last Updated On: May 2nd, 2014] [Originally Added On: May 2nd, 2014]
- What is Bitcoin? - Video [Last Updated On: May 2nd, 2014] [Originally Added On: May 2nd, 2014]
- James Altucher Discusses the Future of Twitter and the Bitcoin - Video [Last Updated On: May 2nd, 2014] [Originally Added On: May 2nd, 2014]
- Bitcoin made simple (video animation) - Video [Last Updated On: May 2nd, 2014] [Originally Added On: May 2nd, 2014]
- Jon Matonis: Bitcoin - The future of commerce? - Video [Last Updated On: May 2nd, 2014] [Originally Added On: May 2nd, 2014]
- $100 in Bitcoin Going to Every MIT Undergrad - Video [Last Updated On: May 2nd, 2014] [Originally Added On: May 2nd, 2014]
- Should I Invest in Bitcoin? Stock Market Investment Advice Mining, Price, Exchange, Value - Video [Last Updated On: May 2nd, 2014] [Originally Added On: May 2nd, 2014]
- The Rise of Digital Currency (documentary) - Video [Last Updated On: May 2nd, 2014] [Originally Added On: May 2nd, 2014]
- Bitcoin: How We Got Here and Where We Are Going [Last Updated On: May 3rd, 2014] [Originally Added On: May 3rd, 2014]
- CIA Bitcoin CONSPIRACY, SILVER TO BREAK THE ECONOMY - Andy Hoffman & Chris Duane - Video [Last Updated On: May 3rd, 2014] [Originally Added On: May 3rd, 2014]
- 5/1/14 - Larry Summers warns critics, Paym system & Bitcoin Center NYC roundtable - Video [Last Updated On: May 3rd, 2014] [Originally Added On: May 3rd, 2014]
- On est Connect S2 #07 1/2 : BitCoin et Musique sur Internet - Video [Last Updated On: May 3rd, 2014] [Originally Added On: May 3rd, 2014]