Rich Dad Poor Dadauthor Robert Kiyosaki is back with a fresh warning about the US economy. With around half a dozen warnings since April, the latest one on social media platform X focuses on inflation and national debt.
In a late Wednesday post on X, Kiyosaki highlighted two reasons why inflation will 'steal your money'.
First, oil prices rising amid the ongoing Middle East conflict will cause inflation and 'your money to decline in purchasing power.' He might be right on this one because the broad US consumer price index has been on an uptrend for months, with the hottest print in April at 3.8% growth over the past 12 months.
Secondly, Kiyosaki thinks uncontrollable national debt will compel governments to 'print more fake money.'
TAKE ACTION:2 reasons why inflation will steal your money1: As long as the war in Iran rising oil prices will cause inflation and your fist money to decline in purchasing power.2: Nation Debt will cause governments to print more fake money.Please protect your self,…
Kiyosaki had stated earlier that the US Federal Reserve is a 'criminal organisation' responsible for price increases through the printing of 'fake money'.
The investor had directly linkedhomelessnessto the US Federal Reserve, arguing that the central bank printing money makes life increasingly difficult for the common people at a time when Social Security isn't enough to get by.
'The reason we have homelessness today is because we have a Federal Reserve bank — it's a criminal organisation. Look how homelessness is exploding. People can't afford homes,' the investor had warned.
While printing money disproportionately favours asset owners, the average person struggles with the rising prices of essentials like eggs and yoghurt.
'The boomers don't have enough money to get through inflation. The boomers are going to be homeless all over the place,' he had cautioned in an earlier X post. 'So mark my words, I'm the first of the boomers. Your mommy and daddy may be on the street because inflation is going to wipe out their Social Security.'
Source: International Business Times UK
