Robert Kiyosaki: Biden's decree on cryptocurrency "pure communism"
The author of the book about personal finance "Rich Dad, Poor Dad" Robert Kiyosaki sharply criticized the possibility of introducing digital currencies of central banks (CBDC), in the form presented by the decree of the White House.
In his tweet dated July 18, Kiyosaki referred to the decree of President Joe Biden, signed in early March, which defined the government's position on cryptocurrencies and considered the possible creation of a CBDC as "the most treacherous act in the history of the United States."
On top of that, Kiyosaki even went so far as to call the creation of the CBDC "communism in its purest form."
Jim Rickards made his most important statement today. We are talking about the most treacherous act in the history of the United States - Biden's Decree No. 14067. This is communism in its purest form, the creation of CBDC Cental Bank Digital Currency. Don't sleep. Tune in to Rickards. Don't pay attention to Biden, be careful
In this tweet, Kiyosaki was referring to the "most important announcement" about the executive order and CBDC of Jim Rickards, a former CIA insider, economist and investment banker with 40 years of Wall Street experience.
Rickards is a well-known critic of the CBDC, who has called these new digital currencies the "evil cousin of bitcoin" and recently made disturbing statements about what he called "C-day," which is due to happen on December 13, 2022.
According to him, this "C-Day" will lead to the destruction of traditional financial systems, the collapse of the US dollar and the depreciation of paper money, restrictions on consumer spending and access to basic needs, penalties for "storing too much money with serious negative interest rates." rates", and the emergence of CBDC.
What does the Executive Order say about CBDC?
Recall that President Biden's Decree No. 14067, to which Kiyosaki referred, instructs agencies to "urgently" study the legal and financial advantages and risks of creating their own CBDC in the United States for consumers, investors and businesses.
The order also states that:
"Any future dollar payment system should be designed in such a way that it meets the priorities of the United States (...) and democratic values, including privacy protection, and that the global financial system has proper transparent communication, as well as platform and architecture compatibility or portability, as necessary."
Meanwhile, the International Monetary Fund (IMF) has stated that CBDC and cryptocurrencies can be a more efficient payment solution than credit and debit cards, especially in terms of energy consumption, as Finbold reported in early July.
Despite the criticism of the CBDC, Kiyosaki is a fan of Bitcoin (BTC) and the decentralization it brings, as he recently stated, and also urges investors to prepare for what he called "the greatest sell-off on Earth" after the predicted bubble burst. .
https://coin-signal.com/cryptonews/robert-kiyosaki-bidens-decree-on-cryptocurrency-pure-communism/
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