‘FedCoin’ Will Track Everyone in New 1984-Style System, Says Robert Kiyosaki

Robert Kiyosaki, author of the popular book Rich Dad Poor Dad, warns that the introduction of a central bank digital currency (CBDC), also known as FedCoin, in the US could lead to an Orwellian-style system of constant surveillance. 

In a recent episode of The Rich Dad Channel, Kiyosaki expressed concerns that the CBDC would allow authorities to monitor Americans' every move, including what they spend their money on and who they give it to. 

He believes that this level of surveillance would compromise individual privacy, leading to a system akin to the one described in George Orwell's novel 1984. Kiyosaki's comments come as the Federal Reserve explores the potential benefits and risks of a CBDC. 

Federal Reserve Governor Michelle Bowman has recently spoken about the importance of incorporating privacy considerations into the design of a potential digital dollar to safeguard the freedom of Americans in choosing how to use and invest their money and resources.


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