Summary:
Kiyosaki warns that the U.S. debt is rising by $1 trillion every 100 days.
He advocates for investing in gold, silver, and bitcoin to protect against economic instability.
Banking panics are often hidden, leaving individuals unaware of bank failures.
The current U.S. national debt stands at $35.256 trillion.
Kiyosaki questions the safety of traditional banking systems and promotes alternative investments.
Robert Kiyosaki, the author of Rich Dad Poor Dad, has raised alarm bells about the U.S. national debt, which is increasing by a staggering trillion dollars every 100 days. He advocates for investing in gold, silver, and bitcoin as a safeguard against the looming economic instability. Kiyosaki warns that banking panics are often invisible, leaving most individuals unaware of their bank’s insolvency.
Kiyosaki’s Warnings on U.S. Debt
Kiyosaki took to the platform X to express his concerns, emphasizing the rapid accumulation of debt in the U.S. He highlighted that the national debt has reached $35.256 trillion, a figure so immense that he compared it to a trillion seconds, which equals approximately 31,688 years. His message is clear:
“How much is a trillion? America goes a trillion $ in debt every 100 days. Now do you know why you must buy gold, silver, and bitcoin?”
The Dangers of Traditional Banking
In his discussions, Kiyosaki elaborated on the nature of banking panics, noting that while market crashes are visible, bank insolvencies often remain unnoticed. He stated:
“Panics in banks are invisible. That means most people have no idea when their bank is in bankruptcy.”
He pointed out the significance of FDIC insurance, which protects up to $250K of savings if a bank fails, but questioned why individuals should risk their savings in a potentially corrupt banking system.
“Why take the chance? Why not get most of your savings out of the corrupt banking system and save gold, silver, and bitcoin?”
Kiyosaki's stance is clear:
“Get smart and keep some of your money in real money … Gold, silver, and bitcoin? Our economy is F’d.”
What are your thoughts on Kiyosaki's views regarding the U.S. debt crisis and his investment strategies? Share your opinions in the comments below.
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