Rich Dad Poor Dad author Robert Kiyosaki has warned in a series of tweets that the Federal Reserve is wiping out regional banks by supporting only the big banks, such as JPMorgan Chase. According to Kiyosaki, the Fed’s actions in the Repo Market are damaging regional banks which are the heart and soul of the US economy. He questioned if this is intentional and if a depression is the ultimate goal.
Kiyosaki also highlighted that online retail giant Amazon is affected by the Fed’s actions, and without credit flowing, they are cutting 18,000 jobs. He stressed that the ripple effect from the Federal Reserve’s actions will bring down the USA.
The debate revolves around whether the Fed is indeed criminal, as Kiyosaki suggests, and specifically whether the survival of regional banks is at stake. The main conflict lies in the idea that the Fed is solely supporting big banks like JPMorgan Chase, wiping out smaller institutions that are crucial to the economy.
Kiyosaki urged his 2.4 million Twitter followers to support small banks and small businesses, calling the Fed’s actions “cruel” and “criminal.” He also warned against the potential consequences of President Joe Biden’s central bank digital currency (CBDC), suggesting Orwellian surveillance fears and advising followers to invest in gold, silver, and bitcoin as protection.
Earlier this month, Kiyosaki warned about America’s demise due to hyperinflation and the death of the U.S. dollar. The differing opinions on the Fed’s actions and the future of the U.S. economy create a divide among experts and enthusiasts alike. This division raises the question of whether regional banks are truly being wiped out or if this might be a sign of a larger-scale economic transformation.
In conclusion, the key argument revolves around whether the Federal Reserve is purposefully endangering regional banks by their exclusive support of big banks. Kiyosaki’s comments have fuelled this debate, and the future of these smaller institutions hangs in the balance. As the debate continues, it remains to be seen if the Fed will make adjustments to their approach or if regional banks will see further decline.