FAKE: "Economist Robert Kiyosaki called any financial inflows into Ukraine senseless," — Bloomberg

FAKE: “Economist Robert Kiyosaki called any financial inflows into Ukraine senseless,” — Bloomberg

23 February 2024
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Verification within Meta’s Third-Party Fact-Checking Program

Russian propagandists are spreading news that the American media Bloomberg released a video in which American economist Robert Kiyosaki called investments in Ukraine foolish.

This is fake. Bloomberg did not publish such a video; the clip was edited from unrelated fragments. Kiyosaki did not speak out against investments in Ukraine.

Screenshot of the post

The video published by propagandists is not available on Bloomberg’s official channels — website, Twitter, Facebook, YouTube, and Instagram. The media releases videos in various formats with slightly different graphic designs for multiple platforms, but none of them use titles in black letters on a white background with the logo in the upper right corner of the screen. Kiyosaki himself did not call investments in Ukraine foolish on his Facebook, Twitter, and Instagram pages.

Propagandists compiled the video from several clips that are unrelated to each other. In particular, using keywords, we managed to find an excerpt from a video featuring Kiyosaki himself. It’s an interview from the YouTube channel “Finance With Sharan,” published on September 6, 2023. In it, the speaker discussed current news in finance, politics, and more. Ukraine was mentioned, and Kiyosaki stated that the United States prints dollars to support Ukraine, so it’s not advisable to keep savings in this currency. The economist did not claim that providing financial aid to Ukraine is foolish.

On the left — a screenshot from the fake video, on the right — an excerpt from the original interview with Robert Kiyosaki

Propagandists claim that Kiyosaki made this statement at a meeting of the international investment company Traderfriends. This is not true, as Traderfriends is actually a company that provides educational services on trading. We couldn’t find any evidence that Robert Kiyosaki spoke at their invitation. The latest publication with the economist on the company’s YouTube page dates back to January 14, 2018.

Shortly after the start of Russia’s full-scale invasion, Kiyosaki expressed support for Ukraine, stating that if he were in Ukraine, he would also fight for freedom. Regarding the impact of the war on the economy, Kiyosaki emphasizes that it will push the development of cryptocurrency.

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The authors do not work for, consult to, own shares in or receive funding from any company or organization that would benefit from this article, and have no relevant affiliations