Rich Dad Poor Dad author Robert Kiyosaki says the Federal Reserve’s tight monetary policies are annihilating the country’s regional banking sector, and the worst is yet to come.
In a new tweetstorm to his 2.4 million Twitter followers, the best-selling author questions the Fed’s intentions and continued interest rate hikes amid the collapse of Signature Bank, Silicon Valley Bank (SVB) and now First Republic.
Kiyosaki says the Fed’s actions blatantly support big banks while placing smaller regional banks at risk.
“WTF. What The Fed? Why is the Fed destroying regional banks across America? Regional banks are the heart and soul of the economy. The Fed via the repo market is killing regional banks. Is this intentional? Is a depression intentional? WTF is the Fed up to? Get out of regional banks…
By supporting only big banks like JPMorgan, WTFed is wiping out regional banks. Cruel. Regional banks are the heart and soul of America. Please support small banks and small businesses.”Â
Kiyosaki says mass layoffs at Amazon are another example of an ongoing liquidity crunch that will severely damage the American economy.
“Even Amazon affected by WTFed. Without credit flowing Amazon is cutting 18,000 jobs. The ripple effect from WTFed will bring down USA.
Please take care. Be aware. WTFed wiping out regional banks… WTFed is not our friend. WTFed is the dark side.”Â
Earlier this week, Kiyosaki said that America is in danger of witnessing hyperinflation, war and starvation as BRICS, which is made up of of Brazil, Russia, India, China and South Africa, is in a position to send their immense dollar reserves back to the United States.
Kiyosaki also says BRICS could crush the country’s middle class as he believes the alliance of nations is making moves to drive de-dollarization across the globe.
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