In his latest podcast, Robert Kiyosaki was attended by guest Jim Rickards, a former adviser to the Pentagon, the White House, Congress, the CIA and the Department of Defense, as described in the video itself. On the occasion, they talked about the arrival of the US CBDC. For the author of the book Rich Dad Poor Dad, the digital dollar will be like “Big Brother”. That is, the government will spy on all financial transactions of its citizens, having even more control over them. Although cryptocurrencies like Bitcoin can be a solution for those who want to get away from it, Rickards comments that not all people know how to use them properly. As an example, he cited the storage of cryptocurrencies on exchanges and cited examples of how they can easily be confiscated by the government.
CBDC Will Be Big Brother, Says Rich Dad Poor Dad Author
Even though the US is synonymous with freedom, many are concerned about the arrival of the digital dollar in their country, two of these are Robert Kiyosaki and James Rickards. In the harshest comparisons, even China is cited as an example of what the US can become.
“The point is this is more than just a digital currency, this is more than convenience and savings — which is how they sell it — it gives them total surveillance and control.”comments Jim Rickards. “It is the ultimate conception of total state surveillance.”
Then Rickards comments that the freezing of dollars linked to Russia, even for financial sanctions, is the same as defaulting to another country. Going further, he claims that a CBDC will make these confiscations even easier. After listening to Rickards’ statement about CBDCs, Robert Kiyosaki makes a comparison with the book 1984, written by George Orwell in the 1940s. After all, Big Brother’s (government) oversight of people’s lives would reach its apex.
“Jim, it’s like George Orwell’s Big Brother is watching.”
Finally, Rickards praises Orwell’s work, but notes that the author forgot to think about technological advancement, citing only a crude fascism, such as police reprimand.
Cryptocurrencies Alone Are Nothing, Points out Jim Rickards
Another point raised by James Rickards is that cryptocurrencies alone are not an outlet for state surveillance. As an example, he cited the case of Canada, where cryptocurrencies were frozen and confiscated by the government.
“Is it over there [Chrystia Freeland] called the banks, identified the truck drivers’ bank accounts and froze them all. She didn’t stop there, she also called cryptocurrency exchanges.”
“I know there are cold wallets, but many people put money in cryptocurrency exchanges and they have their accounts frozen”, follows Jim Rickards on cryptocurrencies. “Their trucks were confiscated, they couldn’t feed their families, they were held without bail, all because of a non-violent protest.”
Therefore, if the government is already able to take such actions depending on the cooperation of third parties, it is easy to imagine what it will do when it has full financial control over its citizens with the implementation of a CBDC. Finally, Robert Kiyosaki’s podcast is a reminder of how vulnerable we are with the evolution of the digital world. The full conversation is available in the video below.
