Robert Kiyosaki Raises Alarm on Ballooning National Debt — Urges Investors to Buy Bitcoin

Rich Dad Poor Dad writer Robert Kiyosaki has expressed concerns astir the accelerated emergence successful the U.S. nationalist debt, which ballooned by a trillion dollars implicit a abbreviated period. The celebrated writer past urged investors to bargain bitcoin alongside golden and silver. Kiyosaki precocious doubled down connected his ain proposal and accrued his idiosyncratic bitcoin holdings. Other critics of the U.S. government’s fiscal policies person besides raised the alarm astir the expanding nationalist debt, citing its imaginable to weaken some the U.S. system and the U.S. dollar.

Robert Kiyosaki Concerned About National Debt

The writer of Rich Dad Poor Dad, Robert Kiyosaki, has again urged radical to bargain bitcoin, reiterating his bullish stance connected the cryptocurrency and highlighting his ongoing concerns astir the U.S. system and the dollar. Rich Dad Poor Dad is simply a 1997 publication co-authored by Kiyosaki and Sharon Lechter. It has been connected the New York Times Best Seller List for implicit six years. More than 32 cardinal copies of the publication person been sold successful implicit 51 languages crossed much than 109 countries.

Kiyosaki expressed his vexation connected societal media level X connected Friday that the nationalist indebtedness has ballooned by different trillion dollars since the National Football League (NFL) play began. “Please bargain gold, silver, and bitcoin,” helium stressed, urging investors to shield themselves from the fiscal corruption and incompetence of our leaders. The nationalist indebtedness presently stands astatine $34.06 trillion, a $1.02 trillion increase since Sept. 18 past year, according to the Treasury Department.

Besides Kiyosaki, galore others person sounded the alarm astir the U.S. nationalist debt. Economist and golden bug Peter Schiff explained connected Jan. 2 connected X: “It’s lone the 2nd time of Jan. and the nationalist indebtedness already blew past $34 trillion. I deliberation 2024 volition acceptable a grounds for the largest one-year summation successful the U.S. nationalist indebtedness successful history. The lone question is volition determination beryllium a sovereign indebtedness oregon dollar situation earlier the twelvemonth ends.” Schiff added:

It took little than 3 months and 2 weeks to adhd the past trillion to the nationalist debt. I deliberation the U.S. volition adhd the adjacent trillion successful little than 3 months. At that pace, the nationalist indebtedness volition beryllium increasing astatine implicit $1 trillion per quarter. Just ideate if there’s a recession!

In November past year, Moody’s downgraded the U.S. recognition standing to “negative,” citing increasing deficits and indebtedness burdens. Echoing these concerns, U.S. Senator Rand Paul warned that out-of-control authorities spending jeopardizes the precise beingness of the dollar, stating: “The top menace to [our nationalist security] is the nationalist debt. We borrowed a trillion dollars successful the past 3 months.” Renowned billionaire “Bond King” Jeffrey Gundlach besides sounded the alarm successful October past year, cautioning: “The monolithic fund shortage and expanding involvement rates connected the nationalist indebtedness should scare each American … The aboriginal of the U.S. dollar, and perchance out-of-control inflation, depends connected getting the fund and spending nether control.”

Do you stock Robert Kiyosaki’s concerns regarding the accelerated emergence of the U.S. nationalist debt? Let america cognize successful the comments conception below.