Robert Kiyosaki has renewed his criticism of the US dollar after the Treasury announced a sharp increase in planned buybacks of longer-dated government debt, arguing that the move amounts to another form of monetary expansion.
The Rich Dad Poor Dad author told followers on X that Washington was creating more “fake dollars,” linking the policy to inflation and the erosion of purchasing power. His comments came as investors were already focused on rising US borrowing costs, record federal debt and renewed demand for hard assets.
Treasury doubles long-end buyback capacity
The Treasury plan raises the maximum size of liquidity-support buybacks in the 10- to 20-year and 20- to 30-year sectors from $2 billion to at least $4 billion per operation. The change takes effect Sept. 9 and is scheduled to remain in place through the current refunding quarter ending Nov. 4.
Treasury said the expansion is designed to improve liquidity in longer-dated securities, where officials have seen strong participation from market makers. That distinction is important: Treasury buybacks exchange existing government debt and do not themselves expand the monetary base in the way Federal Reserve quantitative easing does.
The move nevertheless arrived at a sensitive moment. Long-term yields recently climbed to levels not seen since 2007, while US federal debt crossed $40 trillion. Coinpaper’s recent look at the debt burden noted that debt held by the public stood near $32.27 trillion and that rising refinancing costs are becoming an increasingly important fiscal risk.
Kiyosaki links weaker dollars to scarce assets
Kiyosaki sees the policy through a broader currency-debasement lens. He has repeatedly argued that investors should favor gold, silver, Bitcoin and selected real estate over cash when government debt and inflation pressures rise.
That narrative gained traction as bond yields eased and the dollar weakened following the announcement. Bitcoin also staged a sharp recovery, briefly approaching $79,000 after trading near $65,000 earlier in the week. Coinpaper’s coverage of the recent Bitcoin rally identified falling Treasury yields, ETF inflows and short covering as key drivers.
Kiyosaki’s argument is not that Treasury buybacks are technically identical to QE, but that repeated efforts to relieve stress in government debt markets ultimately favor assets with constrained supply. Bitcoin’s fixed 21 million-coin ceiling has long supported that thesis among investors treating it as a potential inflation hedge, although its history also shows substantial volatility; Coinpaper’s evergreen overview of Bitcoin’s outlook examines both sides of that case.
The immediate policy change is limited compared with the overall Treasury market. The larger question is whether persistent borrowing needs and elevated long-term yields keep strengthening the debasement trade that Kiyosaki has promoted for years.