Wealthy Dad Poor Dad writer Robert Kiyosaki says the Federal Reserve’s tight financial insurance policies are annihilating the nation’s regional banking sector, and the worst is but to come back.
In a brand new tweetstorm to his 2.4 million Twitter followers, the best-selling writer questions the Fed’s intentions and continued rate of interest hikes amid the collapse of Signature Financial institution, Silicon Valley Financial institution (SVB) and now First Republic.
Kiyosaki says the Fed’s actions blatantly assist huge banks whereas putting smaller regional banks in danger.
“WTF. What The Fed? Why is the Fed destroying regional banks throughout America? Regional banks are the guts and soul of the economic system. The Fed through the repo market is killing regional banks. Is that this intentional? Is a melancholy intentional? WTF is the Fed as much as? Get out of regional banks…
By supporting solely huge banks like JPMorgan, WTFed is wiping out regional banks. Merciless. Regional banks are the guts and soul of America. Please assist small banks and small companies.”
Kiyosaki says mass layoffs at Amazon are one other instance of an ongoing liquidity crunch that may severely injury the American economic system.
“Even Amazon affected by WTFed. With out credit score flowing Amazon is reducing 18,000 jobs. The ripple impact from WTFed will deliver down USA.
Please take care. Remember. WTFed wiping out regional banks… WTFed is just not our buddy. WTFed is the darkish facet.”
Earlier this week, Kiyosaki mentioned that America is at risk of witnessing hyperinflation, struggle and hunger as BRICS, which is made up of of Brazil, Russia, India, China and South Africa, is able to ship their immense greenback reserves again to the US.
Kiyosaki additionally says BRICS might crush the nation’s center class as he believes the alliance of countries is making strikes to drive de-dollarization throughout the globe.
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