Kiyosaki Sounds Alarm on 'Fake Dollars', Pushes for Hard Assets
Financial expert Robert Kiyosaki has warned investors of the 'fake dollars' being created by the US government, following the Treasury's announcement to double its long-end buyback capacity. The move allows for up to $4 billion in liquidity-support buybacks per operation in the 10- to 20-year and 20- to 30-year sectors, starting September 9th.
Kiyosaki believes this policy amounts to another form of monetary expansion, leading to inflation and erosion of purchasing power. He has been advocating for investors to favor gold, silver, Bitcoin, and selected real estate over cash when government debt and inflation pressures rise.
The Treasury's plan is designed to improve liquidity in longer-dated securities, but critics argue that it may have the opposite effect by further devaluing the dollar. Kiyosaki sees this as a sign of currency debasement and warns investors to take action accordingly.