For years, homelessness in the US has been linked to rising rents, stagnant wages, mental health pressures and a shortage of affordable housing. Now businessman and author Robert Kiyosaki has pointed the blame elsewhere. He says the real cause lies at the centre of America's financial system.
In a recent discussion, Kiyosaki launched a fierce attack on theFederal Reserve, describing it as a 'criminal organization' and accusing it of creating the conditions that have made home ownership unattainable for millions.
The comments have sparked debate online and renewed questions about the widening gap between asset owners and ordinary workers in the US economy.
Kiyosaki argued that the Federal Reserve's monetary policies are directly responsible for rising homelessness across the country.
Robert Kiyosaki claims the Federal Reserve is the REAL reason we have homelessness"The reason we have homelessness today is because we have a Federal Reserve bank... It's a criminal organization"pic.twitter.com/lITFcQdrec
'The reason we have homelessness today is because we have a Federal Reserve Bank,' he said during the discussion. He also claimed that central banking systems damage ordinary citizens by weakening purchasing power through inflation. Referring to former US President Thomas Jefferson, Kiyosaki said Americans risk becoming 'homeless in their own lands' when governments and central banks control money creation.
His remarks reflect a long-standing criticism shared by some investors and economists who argue that aggressive money printing inflates the cost of housing and essential goods.
At the heart of Kiyosaki's criticism is inflation. He argued that printing what he described as'fake money'has driven up the cost of living while also increasing the value of assets held by wealthier Americans.
According to Kiyosaki, people who already own property, businesses or investments often benefit when large amounts of money enter the economy because asset prices rise. Those without assets, however, face higher living costs without the same financial protection.
He pointed to rising coffee prices as an example of how inflation affects everyday life. 'People can't afford homes,' he said. 'Your age is having a tougher time because prices are so high.'
Source: International Business Times UK
