The author of the personal finance book 'Rich Dad Poor Dad', Robert Kiyosaki, criticized the recent decision by the U.S. Department of the Treasury to expand its long-term bond buyback program. The criticism was prompted by the announcement of an increase starting September 9 in the buyback of government bonds maturing in 10 to 20 years and 20 to 30 years from $2 billion to $4 billion per operation. According to Kiyosaki, such measures will lead to further devaluation of the dollar and increase the vulnerability of holders of the national currency to inflation.
The U.S. Treasury explains the expansion of the program as necessary to improve market liquidity, enhance the efficiency of managing government funds, and support trading in less liquid securities. Kiyosaki, in turn, called these actions a new round of creating 'fake dollars' and expressed the opinion that holding savings in the national currency will not protect against rising inflation, although it may be useful for emergency expenses.
The writer also shared his views on financial literacy, noting that educated investors prefer growth assets: gold, silver, Bitcoin, and certain real estate. At the same time, he acknowledged that investments in Bitcoin can also lead to losses if made under the influence of hype and at the peak of value. According to Kiyosaki's observations, major American financial companies on Wall Street are increasingly using stablecoins, which allow for nearly instantaneous money transfers, reflecting a shift in approaches to capital movement in the traditional financial system.
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This material is prepared solely for informational purposes and does not constitute financial advice or recommendation.