Robert Kiyosaki says expanded US long-bond buybacks amount to “printing fake dollars”
The US Treasury’s decision to expand its buyback operations for longer-dated Treasuries has sparked a fresh debate over liquidity, bond-market stress, and the purchasing power of the dollar. Beginning Sept. 9, the Treasury will raise the cap on each repurchase operation for 10-year to 30-year US government bonds from $2 billion to at least $4 billion. Officials said the move is aimed at improving market liquidity and does not qualify as quantitative easing, stressing that only the Federal Reserve can expand the monetary base. Robert Kiyosaki, author of Rich Dad Poor Dad, rejected that distinction. He argued that more Treasury buybacks still mean more dollar liquidity entering the system and described the step as another round of “fake” money creation. Kiyosaki also pointed to weakness in the US Dollar Index, saying the move reflects inflation concerns and leaves cash savers exposed as purchasing power erodes. He repeated his long-held call for investors to hold scarce assets such as gold, silver, and Bitcoin, while also mentioning quality real estate. The debate comes as US national debt has surpassed $40 trillion and market attention remains fixed on long-dated Treasury yields, the dollar’s direction, and inflation expectations.
