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Robert Kiyosaki Sees Pain Ahead: Millions Face Job Losses as Trump and Musk Slash to Save US Dollar

Robert Kiyosaki Sees Pain Ahead: Millions Face Job Losses as Trump and Musk Slash to Save US Dollar

Bitcoin.com2025/04/08 07:44
By: Bitcoin.com
BTC-0.55%XOLDTOKEN0.00%DOGE-5.34%

Robert Kiyosaki, author of the best-selling book Rich Dad Poor Dad, has weighed in on recent political and economic turmoil in the U.S. with a vivid and controversial post. His book has been a long-standing best seller, translated into dozens of languages and sold worldwide, shaping global conversations around financial education and self-reliance.

Kiyosaki shared on social media platform X on April 6: “Today, there is a new horror show known as President Trump and Elon Musk’s DOGE Chainsaw Massacre.” The famous author added:

While I feel for the millions who are losing their jobs… something had to be done… and Trump and Musk are doing it.

In a tone blending urgency and skepticism, the famous author acknowledged the economic pain being felt by many, but suggested that deep systemic cuts were necessary. “Even Warren Buffett is impressed,” he claimed, “simply saying it has to be done.” Kiyosaki continued: “I heard another commentator say, ‘The chemo is more painful than the cancer.’”

The Department of Government Efficiency (DOGE), led by Musk, has initiated significant federal spending cuts, aiming to reduce the budget by up to $2 trillion. These measures have included mass layoffs and the elimination of various programs, leading to mixed reactions among federal workers and the public.

Reflecting on the state of the government and its institutions, Kiyosaki reiterated: “While I feel the pain of those losing their jobs… I agree something had to be done. The swamp filled with corrupt bureaucrats… has to be drained.” The well-known author opined:

My question is, ‘Will the cuts be enough?’ Can Trump and Musk save the dying U.S. dollar. I don’t know. Only time will tell.

As he has often done, Kiyosaki concluded with a warning and a personal strategy: “In case the cuts do not save a dying and corrupt monetary system… I will continue to build my own gold, silver, and bitcoin standard.” The acclaimed author emphasized:

I will continue buying more gold, silver, and bitcoin because I do not trust ‘the creatures lurking in the swamp.’

Kiyosaki has long promoted bitcoin as “people’s money” and frequently cautioned against relying on fiat currencies like the U.S. dollar, which he believes are being devalued by reckless government policies. His repeated warnings signal his belief that hard assets—especially gold, silver, and bitcoin—offer the safest path forward amid what he sees as a collapsing financial system.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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