2024-04-04 14:35:00
Investing.com – Robert Kiyosaki, author of Rich Dad Poor Dad and famous for his penchant for Bitcoin, gold and silver, said that the head of the US Federal Reserve has finally told the truth.
Robert Kiyosaki commented on the speech of Jerome Powell, Chairman of the Federal Reserve, yesterday at Stanford University, saying that Powell finally admitted that inflation is winning and that the Fed cannot promise that inflation will fall to 2% or that the current inflation is only a transitional phase.
Kiyosaki continued, saying: “The problem is that people do not understand what Jerome Powell’s confession means and the impact it will have on their families and the world.”
He continued: “The simple meaning of Powell’s confession is that we are in a crisis.”
Robert referred to the information he talked regarding in his book, Rich Dad Poor Dad, that he had lost 95% of his purchasing power since 1913, the year that witnessed the establishment of the Federal Reserve. In reference to his lack of conviction in their role in preventing inflation or giving a strong value to the dollar.
Robert called on readers to take full control of their money and economic information, saying that believing the opinion of any icon on economic matters is a big problem.
At the end of the tweet, he stressed that he only invests or owns money in silver and Bitcoin, and that he calls on everyone to follow his steps.
It is noteworthy that Jerome Powell, in his recent statements, did not explicitly say that inflation is winning, as the head of the Federal Reserve said that the recent rise in inflation data may be just a speed bump following which inflation will return to decline once more, stressing the difficulty of confronting and reaching the 2% target, but he did not give up on being The Fed’s long-term target.
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