Kiyosaki Calls Treasury Buybacks ‘QE,’ Backs Bitcoin

Robert Kiyosaki posted on X on Aug. 22 that the U.S. Treasury’s decision to expand long-term debt buybacks amounts to quantitative easing and urged investors to hold bitcoin, gold, silver and certain real estate.

The Treasury announced on Aug. 19 that it would increase liquidity-support buybacks for nominal securities in the 10- to 20-year and 20- to 30-year ranges. Each operation was raised from $2 billion to at least $4 billion, effective Sept. 9 through Nov. 4.

Kiyosaki wrote, “US Treasury announces another round of QE (Quantitative Easing) aka printing fake $,” and added, “Printing more fake $.” He linked the change to a falling U.S. Dollar Index and wrote, “DXY … crashes, which means inflation booms… which means savers of fake $ are the biggest losers.”

Long-dated Treasury yields had risen before the announcement. The 30-year Treasury yield reached about 5.34% on Aug. 18 and eased to roughly 5.184% after the Treasury disclosed the larger operations.

The Treasury described the larger buybacks as liquidity support for longer-dated markets. Unlike central-bank quantitative easing, Treasury repurchases are funded from debt sale proceeds and cash already in the Treasury’s general fund. Those transactions replace one security with another rather than creating new money. Quantitative easing typically refers to central bank asset purchases intended to increase the money supply.

Kiyosaki reiterated a preference for scarce assets. He has previously recommended bitcoin, gold and silver and in his recent posts identified silver as a near-term preference. He also wrote about financial education, saying that informed investors identify assets that may preserve or increase value while financially uneducated investors risk missing gains.

Federal debt topped $40 trillion in late August. The Treasury’s Debt to the Penny dataset showed total public debt outstanding at about $40.03 trillion on Aug. 20, including roughly $32.28 trillion held by the public and $7.75 trillion in intragovernmental holdings.

Market measures mentioned by Kiyosaki have limits. The U.S. Dollar Index tracks the dollar against six foreign currencies, with the euro carrying the largest weight, and does not directly measure U.S. consumer prices. Bitcoin, gold and silver have shown substantial price swings, and past price moves do not guarantee future results.