Rober Kiyosaki, investment guru and author of the personal finance book “Rich Dad, Poor Dad,” has some choice words for the possibility of the U.S. introducing Central Bank Digital Currencies (CBDCs), as well as for Executive Order 14067.
In a tweet Monday, Kiyosaki called President Joe Biden’s signed executive order “the most treasonous act in U.S. history” and the creation of the CBDC “communism in its purest form,” encouraging Americans to “stay awake.” The tweet read, “Jim Rickards made his most important announcement today. It’s about the most treasonous act in U.S. history, Biden’s Executive Order 14067. It’s communism in its purest form, the creation of CBDC Central Bank Digital Currency. Stay awake. Tune in to Rickards. Tune out, Biden. Take care.”
According to Kiyosaki, Rickards has the “most important announcement” about the EO 14067, which the president signed in March, and the CBDCs. Rickards is an economist, investment banker and ex-CIA insider with four decades of experience on Wall Street.
Rickards criticized CBDC and labeled it as “Bitcoin’s Evil Cousin.” He also exposed the supposed singular event called C-Day, which according to him, will take place on Dec. 13, 2022, and will disrupt the traditional financial systems in the U.S.
The ex-CIA insider also claimed when C-Day happens, paper money would be worthless and the U.S. dollar would crash. He said consumer spending and access to basic needs would also be restricted, and people holding too much money would be penalized.
Executive Order 14067, titled “Ensuring Responsible Development of Digital Assets,” aims for the responsible development of digital assets, including developing policy plans and the organization of federal regulators. “Any future dollar payment system should be designed in a way that is consistent with United States priorities (…) and democratic values, including privacy protections, and that ensures the global financial system has appropriate transparency connectivity, and platform and architecture interoperability or transferability, as appropriate,” the EO read.
The International Monetary Fund said in a blog released last month that CBDCs can be a more effective solution compared to credit and debit cards, particularly in terms of energy efficiency. “Depending on the specific details of how they are configured, CBDCs and some kinds of crypto assets can be more energy-efficient than much of the current payment landscape, including credit and debit cards,” the blog read.