According to Robert Kiyosaki, a supporter of bitcoin, gold, and silver for protection, the power of the Federal Reserve is collapsing as cryptocurrency reforms take effect and the instability of the dollar increases.
Robert Kiyosaki Warns Powell's Time Is Up - Prepare for the Post-Fed Economy
Robert Kiyosaki, author of the best-selling book 'Rich Dad Poor Dad', has commented on recent political and economic developments related to the US Federal Reserve and cryptocurrency policy. His book has become a global bestseller for over two decades, translated into dozens of languages, and sold millions of copies worldwide.
Kiyosaki shared on the social media platform X on August 2:
'You're fired:' When President Trump promised to make the US the cryptocurrency capital of the planet… he not only followed through on his threat to fire Fed Chairman Jerome Powell… but also to fire the Fed in a Marxist way. Goodbye Federal Reserve.
The renowned author's statement reflects his long-standing frustration with the Federal Reserve and his enthusiasm for decentralized financial systems. His writing emphasizes the belief that the country is gradually moving away from traditional monetary policy and towards a cryptocurrency-driven future—although no official actions have been taken to remove Powell or dissolve the central bank.
In fact, although President Donald Trump has publicly criticized Powell and expressed a desire to replace him, removing a Federal Reserve chairman is not straightforward. The Federal Reserve Act only allows for removal 'for cause', a legal standard that does not include policy disagreements and has never been tested in court. Some reports have mentioned a possible reason related to a renovation project, but no official steps have been taken. Powell's term will last until May 2026.
To fulfill the promise of making the US the world's cryptocurrency capital, the Trump administration took decisive steps. The President's Working Group on Digital Asset Markets released a report, providing a roadmap for regulatory and legislative changes. Additionally, the SEC launched 'Project Crypto' aimed at modernizing regulations, providing clarity for the industry, and moving away from the previous 'regulation by enforcement' approach.
Kiyosaki continuously warns of the weakening of the US dollar, skyrocketing public debt, and an eventual economic crisis. He urges people to invest in Bitcoin, gold, and silver as a way to protect their assets outside of traditional systems. His latest statements continue a familiar message: stay away from fiat currency, prepare for disruption, and embrace alternative assets.
