Robert Kiyosaki says expanded U.S. Treasury debt buybacks amount to quantitative easing and renewed his preference for bitcoin, gold, silver, and selected real estate. Treasury describes the operations as liquidity support for longer-dated markets.
Key Takeaways
Kiyosaki characterized expanded Treasury buybacks as money printing.Treasury doubled certain long-term buybacks to at least $4 billion.Kiyosaki again favored bitcoin, gold, silver, and some real estate.“US Treasury announces another round of QE (Quantitative Easing) aka printing fake $.”
Long-dated yields had spiked before the announcement, with the 30-year Treasury reaching 5.34% on Aug. 18, its highest in 19 years. The 30-year rate eased to 5.184% after Treasury disclosed the larger operations.
Dollar Decline Fuels Kiyosaki’s Inflation WarningThe financial author connected education with the ability to identify assets that may preserve or increase value during inflationary periods. The Rich Dad Poor Dad author advised:
“Facts are educated investors who invest in assets that go up in value, such as gold, silver, bitcoin, some real estate, get richer… while people who are financially uneducated, and invest in fake assets get poorer.”
Bitcoin and Gold Remain Central to His StrategyThe author ended his Aug. 22 message by returning to financial education, arguing that the greater cost is not the time or money spent learning about investing, but the potential gains people miss when they fail to recognize financial opportunities.
