Rising Concerns Over U.S. National Debt
Robert Kiyosaki, the well-known author behind “Rich Dad, Poor Dad,” has raised alarms about the surging U.S. national debt. He suggests that the dollar is depreciating in value, making it an opportune moment to invest in bitcoin, gold, and silver. Kiyosaki emphasizes that the U.S. national debt is growing by a staggering $1.1 trillion every 100 days. Additionally, he notes that taxpayers are spending $1 trillion annually just to cover interest payments on this debt.
The Core Issue is Debt
In a recent tweet, Kiyosaki shared his thoughts, stating, “While I support Donald Trump, the real issue is the $35 trillion U.S. debt. Neither Trump nor Kamala Harris can effectively manage this crisis. To put it in perspective, spending $1 per minute would take 31,688 years to exhaust $1 trillion. We’re in deep trouble. The dollar is becoming worthless.”
A Call to Action
The entrepreneur urges people to stop relying on what he terms “fake money.” Instead, he advises investors to allocate their resources to bitcoin and precious metals. Kiyosaki predicts that a recession is unavoidable and warns that the global stock market will face a severe downturn due to central banks’ misguided policies.
Bitcoin in the Political Arena
Previously, Kiyosaki discussed how a Trump victory in the upcoming U.S. presidential election could benefit bitcoin. By conveying a sense of urgency about the declining value of the dollar and highlighting the potential of alternative investments like bitcoin, Kiyosaki aims to steer investors away from traditional fiat currency.
