Robert Kiyosaki, the author of Rich Dad Poor Dad, has never been one to shy away from bold statements, and his recent interview with Fox Business was no exception. With the 2024 election season heating up, Kiyosaki jumped into the conversation with fiery rhetoric, offering his take on former President Donald Trump and the current administration.
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Although the interview’s main focus was on bitcoin – a topic Kiyosaki is particularly passionate about – the conversation quickly veered into political territory. Kiyosaki didn't mince words, calling Trump a "genius" regarding money. He contrasted this with a harsh critique of President Joe Biden and Vice President Kamala Harris, whom he labeled as "idiots" in their handling of the economy. Kiyosaki's blunt assessment echoed some of Trump's talking points, right down to the mispronunciation of Harris's first name.
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"The reason I'm happy that Donald's speaking at the bitcoin conference is because, as you know, he's a genius with money, and Biden and Kamala are idiots with money," Kiyosaki said during the interview. He continued, "Nobody has done more damage to the economy than Biden and Kamala."
Kiyosaki's comments were strong but lacked specific examples or data to back them up. Host Neil Cavuto didn't press Kiyosaki for more details. Still, he did point out some of the challenges Trump faced during his presidency, including the significant increase in national debt and his handling of the COVID-19 pandemic. Cavuto also mentioned Trump's support for high tariffs on imported goods, a policy criticized for potentially driving up consumer prices.
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However, Kiyosaki wasn't interested in debating Trump's economic record. Instead, he quickly steered the conversation back to bitcoin, a topic he's been vocal about for years. Kiyosaki, who has a large financial stake in bitcoin, sees the cryptocurrency as a critical tool in addressing the national debt and protecting against economic instability. "The real problem is the national debt, and they can't solve it," Kiyosaki told Cavuto. While some investors might look to traditional assets like silver or gold for protection, Kiyosaki insisted, "I say buy bitcoin. You want to fix the world, fix our money."
Kiyosaki's views on the economy under Biden and Harris are clear, but they're also controversial. While he's quick to criticize the current administration, data suggests that the U.S. economy has seen significant growth under Biden, especially in areas like job creation.
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Trump and Robert Kiyosaki have been friends for decades, so it's not surprising his loyalty would lie with the former President. In 2006, they teamed up to write a book titled "Why We Want You to Be Rich: Two Men, One Message." In it, they predicted that the American middle class would keep shrinking, eventually pushing many into poverty. Their goal was to inspire people to take control of their financial futures, with a strong focus on real estate investing.
Kiyosaki's outspoken support for Trump and his focus on bitcoin might not be surprising to those who have followed his career. He's long been an advocate of using unconventional financial strategies, including leveraging debt to build wealth – a strategy he has used himself to accumulate assets, even though he acknowledges $1.2 billion in debt. His endorsement of Trump, who has also faced financial challenges, reflects their shared belief in taking bold risks to pursue wealth.
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This article Trump's A 'Genius With Money,' Says Robert Kiyosaki Of 'Rich Dad Poor Dad' – But He's $1.2 Billion In Debt Himself originally appeared on Benzinga.com
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