Robert Kiyosaki, author of the best-selling book Rich Dad Poor Dad, has weighed in on recent political and economic developments concerning the U.S. Federal Reserve and cryptocurrency policy. His book has been a global bestseller for over two decades, translated into dozens of languages and sold in millions of copies worldwide.

Kiyosaki shared on social media platform X on Aug. 2:

‘You’re fired:’ When President Trump promised to make the U.S. the crypto capital of the planet… he not only made good this threat to fire Fed Chairman Jerome Powell… he also fired the Marxist Fed. Good-bye Federal Reserve Bank.

The renowned author’s statement reflects his long-standing frustration with the Federal Reserve and his enthusiasm for decentralized financial systems. His post emphasizes his belief that the country is moving away from traditional monetary policy and toward a crypto-driven future—though no official action has been taken to remove Powell or dismantle the central bank.

In fact, while President Donald Trump has publicly criticized Powell and expressed a desire to replace him, removing a Federal Reserve chair is not straightforward. The Federal Reserve Act allows removal only “for cause,” a legal standard that does not include policy disagreements and has never been tested in court. Some reports have mentioned a possible justification tied to a renovation project, but no formal steps have been taken. Powell’s term runs through May 2026.

To fulfill the promise of making the U.S. the crypto capital of the world, the Trump administration has taken decisive steps. The President’s Working Group on Digital Asset Markets has released a report, providing a roadmap for regulatory and legislative changes. In addition, the SEC has launched “Project Crypto” to modernize regulations, bringing clarity to the industry and moving away from the previous “regulation-by-enforcement” approach.

Kiyosaki has consistently warned of a weakening U.S. dollar, soaring debt, and an eventual economic crash. He urges individuals to invest in bitcoin, gold, and silver as a way to protect their wealth outside of traditional systems. His latest remarks continue a familiar message: steer away from fiat currency, prepare for disruption, and embrace alternative assets.

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