Rich Dad Poor Dad author Robert Kiyosaki has warned of the risk of the United States (US) central bank or the Federal Reserve (the Fed) launching a central bank digital currency (CBDC).

In a post on platform X, formerly known as Twitter, Robert Kiyosaki said that the Fed’s central bank digital money is coming. When that happens, privacy is lost. “Big Brother will be watching,” he warned. This is quoted from bitcoin.com, written Monday (2/10/2023).

He added that when the digital dollar is launched, gold, silver, bitcoin and cash will become priceless. He encourages investors to start saving gold, silver, bitcoin and cash before it is too late.

Robert Kiyosaki is not the only one worried about the Fed’s launch of central bank digital money. Last week, the US House of Representatives Financial Services Committee passed the CBDC Anti-Surveillance Statehood Act with the support of 60 members of Congress.

“This bill is simple. “This bill stops the administrative state’s efforts under President Biden to roll out financial surveillance tools that would undermine the American way of life,” said Congressman Tom Emmer.

In March, US Senator Ted Cruz also introduced legislation that would prohibit the fed from developing direct-to-consumer CBDCs.

However, the Fed is still far from issuing a CBDC. In September last year, Federal Reserve chairman Jerome Powell said the central bank had not yet reached a decision on whether to issue a digital dollar.

“We haven’t decided whether to proceed, and we don’t see ourselves making that decision for some time to come,” he said.

“We see this as a process of at least several years where we do the work and build public confidence in our analysis and our final conclusions.”