'Rich Dad Poor Dad' Author Says Gold, Silver and Bitcoin Lie Outside the System

Millionaire businessman and author of the book Rich Dad Poor Dad, Robert Kiyosaki, mentioned Bitcoin (BTC) numerous times in a podcast interview with Morgan Creek Digital co-founder Anthony Pompliano, referring to the asset as an escape.

“The reason I endorse Bitcoin is just for one frickin' reason: You’re not part of the system,” Kiyosaki said. “It’s a separation of government and my money,” he laughingly added, quoting sentiment Pompliano has expressed many times.   

Uncertain times can spur flight to safety

Throughout the interview, Kiyosaki riffed on many concepts through the lens of someone reportedly enlightened about what he called a manipulated system. 

Kiyosaki referenced current U.S. economic struggles in tandem with government solutions, such as bailouts.

“The Fed is not a bank, it’s a cartel owned by the richest people on the planet, which we’ll never see,” he said, referencing books called The Creature From Jekyll Island, and Grunch of Giants. “The guys that own the Fed control the world,” Kiyosaki added.

“The pandemic is probably real,” Kiyosaki said of coronavirus. “But then you get so desperate, you’ll take the money,” he added referring to various U.S. government efforts, such as stimulus checks to citizens. “It’s communism,” he added. 

Kiyosaki on the best stores of value

Kiyosaki pointed to gold, silver and Bitcoin as ways to escape inflation and the reportedly controlled system that currently faces difficulties.

“The reason is, you’re off the central banking system — you’re outside the system,” he said. “That’s why I say, gold and silver are God’s money, and Bitcoin is open-source people’s money,” he added. 

Kiyosaki, however, is somewhat of a polarizing figure in general, with several YouTube videos and articles questioning his claims and concepts.

The published author also made headlines several days ago when he posted multiple tweets promoting Bitcoin.