‘Rich Dad’ R. Kiyosaki slams CBDCs as ‘spyware’ similar to TikTok

‘Rich Dad’ R. Kiyosaki slams CBDCs as ‘spyware’ similar to TikTok

Given the rise of digital assets such as cryptocurrencies more nations and banks around the world have given more thought to the notion of implementing central bank digital currencies (CBDCs).

The author of the personal finance book ‘Rich Dad, Poor Dad’ Robert Kiyosaki, had scathing criticism for the idea of introducing CBDCs. On the ‘Rich Dad Radio Show’ on August 10, Kiyosaki discussed World Economic Forum’s meeting last November, where it was determined that by 2030, people “will own nothing and be happy.” 

Kiyosaki said:

“CBDC which is central bank digital currency, which is spyware. It’s much like TikTok which is.”

He added: 

“Our job is to wake people up and then fight back using the same technology which I agree with. Let’s fight back with education and information.”

Kiyosaki against CBDCs

It’s worth mentioning that this is not the first time that Kiyosaki has criticized the notion of government’s incorporating CBDCs. 

Kiyosaki referred to the Executive Order 14067 signed by President Joe Biden in early March that established the government’s position on cryptocurrencies and explored the possibility of creating CBDCs as the “most treasonous act in U.S. history” in a tweet that he posted on July 18. 

In addition, Kiyosaki went as far as to declare the establishment of CBDCs to be “communism in its purest form.”

President Biden’s Executive Order 14067, to which Kiyosaki was referring, urges agencies to investigate with “the highest urgency” the legal and financial advantages and risks of establishing a CBDC for U.S. consumers, investors, and enterprises.

Despite being skeptical of CBDCs, Kiyosaki is a believer in Bitcoin (BTC) and the decentralization it provides, as he recently remarked, as well as urging investors to prepare for what he referred to as “the greatest sale on Earth” once the forecasted bubble bursts.

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