Robert Kiyosaki, the renowned author of Rich Dad Poor Dad and a strong advocate of Bitcoin, gold, and silver as safe-haven assets, is sounding the alarm on what he believes is the impending decline of the U.S. Federal Reserve’s power. With rising concerns over the weakening U.S. dollar and the global shift toward decentralized financial systems, Kiyosaki warns that a new, cryptocurrency-driven era is on the horizon.
On August 2, Kiyosaki took to X (formerly Twitter) to voice his bold views:
“You’re fired. When President Trump promised to make the U.S. 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.”
Though provocative, Kiyosaki’s comments echo his long-standing criticism of centralized banking and his belief that traditional monetary policy is losing relevance in the face of digital asset adoption. While there have been no official moves to dismiss Jerome Powell or dismantle the Fed, Kiyosaki argues that the momentum of financial reform is already reshaping the global economy.
The Reality Behind Powell’s Position
Despite former President Donald Trump’s public criticisms of Powell and discussions about replacing him, removing a Federal Reserve chair is far from simple. The Federal Reserve Act only allows dismissal “for cause,” a legal threshold that excludes policy disagreements and has never been tested in court. As of now, Powell’s term remains secure until May 2026.
The Push Toward a Crypto-Focused Economy
Trump’s pledge to make the U.S. the global hub for cryptocurrency has already set certain regulatory initiatives in motion. The President’s Working Group on Digital Asset Markets has issued a detailed report outlining legislative reforms to modernize the crypto industry. In parallel, the SEC has launched “Project Crypto,” aiming to replace the much-criticized “regulation by enforcement” with clearer and more supportive guidelines for digital assets.
Kiyosaki’s Ongoing Warnings
For years, Kiyosaki has cautioned against relying on fiat currencies, warning of a looming economic collapse fueled by unsustainable national debt and inflationary pressures. His advice remains consistent:
Invest in Bitcoin, gold, and silver as stores of value.
Prepare for financial disruption by minimizing exposure to fiat-based systems.
Adopt alternative assets as a hedge against the dollar’s decline.
His latest statement reinforces a message he has repeated for decades: the era of centralized control is fading, and those who fail to adapt to the coming post-Fed economy risk being left behind.
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