Robert Kiyosaki Slams Joe Biden!
President Joe Biden's assertion that taxpayers won't suffer as a result of government bailouts of US bank failures is criticised by Robert Kiyosaki.
According to Kiyosaki, this method could cause hyperinflation by flooding the system with "false money" in the form of US dollars.
Once Silicon Valley Bank collapsed and was taken over by the Federal Deposit Insurance Corporation, Biden sought to calm the market and taxpayers (FDIC).
The fees that banks contribute to the Deposit Insurance Fund would be used for the rescue.
The Federal Reserve and the FDIC, according to Kiyosaki, are indicating hyperinflation by creating "more and more of this bogus money".