Popular financial educator and “Rich Dad Poor Dad” author Robert Kiyosaki has once again criticized the US dollar, calling it “fake money” and warning that inflation is making life harder for the poor and middle class.
In one of his recent posts on the social media platform X, Kiyosaki noted how the global monetary system is broken and corrupt, while also urging people to save in assets like gold, silver, Bitcoin, and Ethereum instead of government-issued money.
Inflation And The ‘Fake Money’ Crisis
Kiyosaki said the rich keep getting richer, not always because they work harder, but because government money makes them richer. He explained that while he is personally glad to see gold, silver, Bitcoin, and Ethereum increasing in price, his real concern is that the cost of living keeps rising for those without such assets.
“The price of life,” he said, “makes life harder on the poor and middle class.” This is a comment based on recent global macroeconomic events that have led to high inflation in many countries. A prime example is in the US, where reports show that 75% of Americans are spending more due to soaring prices of goods and services.
Kiyosaki noted that government money only benefits the rich, and unfortunately, this is at the expense of average and poor people, who are always getting poorer. These are the people who are always victims of “a broken and corrupt monetary system.”
In both interviews and posts over the years, Kiyosaki has made a clear distinction between fake fiat currency and what he considers real assets. Unsurprisingly gold and silver are part of what he considers real assets.
Aside from precious metals, Kiyosaki also embraces Bitcoin and Ethereum as modern extensions of this real asset philosophy. The financial author has even given many ultra-bullish price predictions for Bitcoin, with price targets reaching as high as $13 million if all goes right for the cryptocurrency in the coming years.
“Please save real money…. Gold, silver, Bitcoin, Ethereum….not Fake government Money,” Kiyosaki said.
Recent Market Performance
The assets highlighted by Kiyosaki (gold, silver, Bitcoin, and Ethereum) have all seen notable market activity in the past two weeks. Gold’s price exploded to new all-time highs during the week, marking its ninth consecutive week of bullish momentum.
This saw it create its largest single-week advance on record to reach an all-time high of $4,379 per ounce. With the way things are going, this record is set to be broken anytime soon. Silver has been following in the footsteps of Gold, also reaching a record high of $54.2 during the week.
Bitcoin and Ethereum, on the other hand, are struggling to regain momentum after a flash crash last week triggered by tariff news from US President Donald Trump that caused both cryptocurrencies to fall below important support levels. This pullback is notable, considering Bitcoin had started October by creating a new all-time price high above $126,000.
Featured image from Richdad, chart from TradingView
