Robert Kiyosaki, author of "Rich Dad, Poor Dad," issued a warning on The Iced Coffee Hour podcast. He said America's baby boomers will face a wave of homelessness.
"The reason we have homelessness today is because we have a Federal Reserve bank — it's a criminal organization," Kiyosaki stated. "Look how homelessness is exploding. People can't afford homes."
He argued the Federal Reserve's printing of fiat currency fuels price increases. "When you print fake money, which this stuff is, you make life harder on people," he said, holding up two U.S. dollar bills.
Kiyosaki explained money printing benefits asset owners at the expense of the poor and middle class. "So if you own a house and you print money, you feel, oh, the price of my house went up. But the average person sees the price of chicken and eggs and yogurt goes up and — and inflation wipes them out."
He called Federal Reserve Chair Jerome Powell a "criminal counterfeiter" and described the Fed's policies as "Marxist." After news of a Department of Justice investigation into the Fed's $2.5 billion headquarters renovation, he posted on X: "Yay: it's about time."
In an X post on Jan. 12, Kiyosaki claimed, "The creation of the Fed in 1913 and brought with it the 16th Amendment …. a.k.a. Income tax. Up until the creation of the Fed, America was a tax free nation. America was founded on a tax revolt known as the Boston Tea Party in 1773. Then came the Fed in 1913."
Following a Fed rate cut last month, Kiyosaki hinted it might lead to hyperinflation. In a Dec. 17 X post, he said, "The FED lowered interest rates…signaling QE (quantitative easing) or turning on the fake money printing press….What Larry Lepard calls 'The Big Print' the title of his great book. This will lead to Hyper-Inflation… making life very expensive for the unprepared."
Born in 1947, Kiyosaki is among the earliest baby boomers. He believes his peers will be especially vulnerable.
"The boomers don't have enough money to get through inflation. The boomers are going to be homeless all over the place," he said on the podcast. "So mark my words, I'm the first of the boomers. We're going to get wiped out via inflation. Your mommy and daddy may be on the street because inflation is going to wipe out their Social Security."
Social Security Administration benefits are adjusted annually for inflation, but many experts note these adjustments often fall short of rising expenses. The Social Security trust fund reserves are projected to become insolvent in 2035. Without congressional action, retirees will receive only about 83% of their full benefits.
Kiyosaki advocates for gold as a hedge. "I'm not buying gold because I like gold, I'm buying gold because I don't trust the Fed," he said in a 2021 interview. "I have boxes of gold. I own gold mines," he revealed.
Ray Dalio, founder of Bridgewater Associates, told CNBC earlier this year that "people don't have, typically, an adequate amount of gold in their portfolio," adding that "when bad times come, gold is a very effective diversifier." Gold prices have surged by about 70% over the past 12 months.
Kiyosaki also supports cryptocurrencies, calling them "people's money." "I invest in Bitcoin and Ethereum knowing they can boom and bust, because the Fed, the US Treasury, nor Buffet can produce Bitcoin or crypto," he stated in a mid-November X post last year, adding, "Bitcoin increases in value as the US dollar goes down in purchasing power."
Following last fall's crypto crash, Kiyosaki predicts cryptocurrencies will make a comeback this year. "My target price for Bitcoin is $250 k in 2026," he stated in a Nov. 9, 2025 X post.
He highlights real estate's income-generating power. "I have always recommended people become entrepreneurs, at least a side hustle and not need job security. Then invest in income-producing real estate, in a crash, which provides steady cash flow," he said.