Rich Dad Poor Dad author Robert Kiyosaki says the Fed is wiping out regional banks by supporting only big banks, like JPMorgan Chase. Stating that the Fed “is criminal,” he warned that its actions “will bring down” the United States.
Robert Kiyosaki Says the Fed Is Criminal
The author of Rich Dad Poor Dad, Robert Kiyosaki, warned in a series of tweets this week that the Fed is wiping out regional banks by supporting only the big banks, such as JPMorgan Chase. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.
Kiyosaki tweeted Wednesday: “WTF. What The Fed? Why is Fed destroying regional banks across America? Regional banks are [the] heart and soul of [the] economy. Fed via the Repo Market [is] killing regional banks. Is this intentional? Is a depression intentional? WTF is Fed up to? Get $ out of regionals.”
The renowned author followed up with a tweet Thursday, stating that even online retail giant Amazon is affected by the Fed’s actions. “Without credit flowing, Amazon is cutting 18,000 jobs,” he stressed, adding:
The ripple effect from WTFed will bring down USA … WTFed wiping out regional banks.
In a separate tweet, Kiyosaki cautioned that by supporting only the big banks, such as JPMorgan Chase, the Fed is wiping out regional banks. Calling the Fed’s action “Cruel,” Kiyosaki reiterated his previous statement that regional banks are the heart and soul of America. Calling the Fed “criminal,” he then urged his 2.4 million Twitter followers to support small banks and small businesses.
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Author: Kevin Helms
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