There’s nothing like an election year to crank up the angry rhetoric, and financial author Robert Kiyosaki jumped into the fray during a recent interview with Fox Business. Although the interview focused mostly on bitcoin, Kiyosaki took time out to call ex-President Donald Trump a “genius” with money and President Joe Biden and Vice President Kamala Harris “idiots” with money.
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The interview aired on July 26, ahead of a bitcoin conference in Nashville, where Trump was scheduled to speak. It also came before this week’s stock market selloff that followed a disappointing July jobs report, sparking fears of a coming recession.
Speaking to Fox Business host Neil Cavuto, Kiyosaki addressed Trump’s appearance at the event.
“The reason I am happy that Donald’s speaking at the bitcoin conference is because as you know, he’s a genius with money, and Biden and Kamala are idiots with money,” he said, using the same mispronunciation of Harris’ first name that Trump often uses. “Nobody has done more damage to the economy than Biden and Kamala.”
Kiyosaki didn’t provide any context or examples of why he felt that way, and Cavuto didn’t ask for any. Cavuto did mention how Trump helped “run up” the national debt as president and questioned Trump’s handling of the COVID-19 economy. Cavuto also mentioned Trump’s strong support of high tariffs on imported goods, which some economists warn could lead to continued high prices.
Kiyosaki immediately shifted the talk back to bitcoin — which he has a large financial stake in and which he heavily promotes.
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“The real problem is the national debt, that they can’t solve it,” Kiyosaki told Cavuto, noting that some people say to buy silver or gold — protective assets. “I say buy bitcoin,” Kiyosaki said.
What Kiyosaki didn’t mention is how the U.S. economy fared under Trump and Biden — perhaps because his claim that Biden and Harris ruined the economy is questionable at best.
According to a recent analysis from Forbes, the nation’s real gross domestic product (which…
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