The Fed’s hawkish monetary policy has brought headline inflation down from its peak reading of a 9.1% year-over-year increase registered in June 2022.īut if you share Kiyosaki’s view and are worried that inflation might be systemic, you probably don’t want to stash your savings under the mattress. Why Warren Buffett's Investing Strategy Is More Relevant Than Ever In Today's Real Estate Market 'People-First' Real Estate Fund Shares Rent With Tenants While Generating Strong Returns For Investors “This here is paper, I don’t trust it,” he said, holding up a $1 bill. This erodes the purchasing power of money - the U.S. No matter the underlying cause - be it a dovish Fed, the issuance of stimulus checks or the energy policy of the Biden administration - inflation is happening. That was inflation, not the printing of money,” he explains. “When Biden took the Keystone XL Pipeline offline, oil went from $30 a barrel to $120 a barrel. But Kiyosaki points out that the increasing prices consumers are facing result from more than just money printing. to the easy monetary policy the Fed adopted in response to the COVID-19 pandemic. “When Powell said it’s transitory, that was a lie.” ‘This Here Is Paper’ “My biggest concern is that inflation is now systemic,” he told CNBC. Despite the Fed’s implementation of aggressive rate hikes, consumer prices remain significantly higher.Īnd now, “Rich Dad Poor Dad” author Robert Kiyosaki is warning that the problem might be here to stay. The subsequent two years have undoubtedly provided a harsh reality check for that statement.

Remember when the Federal Reserve claimed that inflation would be transitory back in early 2021?

Robert t kiyosaki