Robert Kiyosaki said the Federal Reserve Bank’s policies are devaluing currency and negatively affecting middle-class Americans.
WASHINGTON—Robert Kiyosaki, coauthor of one of the bestselling finance books of all time, “Rich Dad Poor Dad,” has empowered millions of people to think like the rich and take control of their personal finances.
Now he’s sounding the alarm on what he says are hidden communist methods that are capturing the nation’s financial systems and silently robbing Americans of their purchasing power.
Kiyosaki diagnosed the United States’ fiscal health during an interview with Jan Jekielek, host of “American Thought Leaders,” on EpochTV.
He described symptoms across the nation, including increased homelessness, a fragile economy, and a lower quality of life for many Americans.
Knowledge Is Power
While Kiyosaki was studying in New York at the age of 18, an economics professor advised him to read Karl Marx’s “Communist Manifesto” because it was important to “know your enemy.” That lesson lingered, and later encounters with communism strengthened his resolve to combat communist ideology.
In the early 1970s, he served as a Marine Corps first lieutenant in Vietnam, fighting against the communist North Vietnamese in the Battle of Quang Tri, among others.
“We lost so many men that day,” Kiyosaki said. “Since then, I’ve been fighting communism by teaching capitalism.”
According to Kiyosaki, similar communist ideologies are now ingrained in academia across the country, he said.
“I teach capitalism, but our schools are taught by Marxists,” Kiyosaki said.
“The problem is our school system; the communists are academics … our professors.”
Some lack awareness of the ideology’s infectious spread or its consequences because they’ve never lived under communist rule, he said.
They are good people, he said, but they don’t realize that their whole value system is based on their education status and perceived intelligence.
“They don’t know anything about money,” Kiyosaki said.
His father, Ralph, the inspiration for the “poor dad” in his book, was an academic who rose to the rank of superintendent of education in Hawaii.
The “rich dad” was an entrepreneurial father of a friend who taught young Kiyosaki how to use money and debt to his advantage.
Understanding money and monetary policy is essential to building wealth, according to the tycoon, who suggested that the nation’s current fiscal system is devaluing the dollar.
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