Robert Kiyosaki has cautioned about the rising US debt. The author of “Rich Dad Poor Dad,” claims the United States accrues roughly $1 trillion in debt every 100 days.
In his recent posts on X, the New York Times best-selling author recommended people invest in gold, silver, and Bitcoin to guard themselves from economic instability.
HOW MUCH is a trillion? A trillion seconds was 31,688 years ago. America goes a trillion $ in debt every 100 days. Now do you know why you must buy gold, silver, and Bitcoin?
— Robert Kiyosaki (@theRealKiyosaki) August 22, 2024
Kiyosaki recommends Bitcoin as hedge against economic instability
On August 21, Robert Kiyosaki called attention to the rising national debt, stating that the United States is accumulating $1 trillion in debt every 100 days. He illustrated the enormity of this figure by stating that one trillion seconds equates to over 31,688 years. He then recommended a shift to Bitcoin and commodities like gold and silver. At the time of this writing, The US national debt stood at $35.21 trillion.
On August 18, Kiyosaki shared a “Rich Dad” lesson on panics via the X platform, highlighting the visible distress in current capital markets. He pointed out the failing stock, bond, and real estate markets and warned that the public remains unaware of banks’ insolvency, describing these banking panics as “invisible.”
In an earlier post on August 16, Kiyosaki urged the public to take control of their financial future by seeking their own solutions rather than relying on the Federal Reserve. He encouraged people to safeguard their wealth by purchasing gold, silver, and Bitcoin.
WHY do people look to the Fed for guidance? The Fed is the problem. People as “Are we in recession?” All a person needs to do is go shopping and look at stores having 60% off sales. Even a used clothing store near me is having a sale. The Fed is made up of PhDs like my…
— Robert Kiyosaki (@theRealKiyosaki) August 16, 2024
He urged a shift in investments toward Bitcoin and gold, stating, “That is why there is FDIC insurance. If your bank goes bust, up to $250k of your savings are safe. WHY take the chance? Why not get most of your savings out of the corrupt banking system and save gold, silver, and Bitcoin? WHY be a victim of a bankrupt money system? WHY not get smart and keep some of your money in real money…Gold, silver, and Bitcoin?”
Kiyosaki’s book, co-authored with Sharon Lechter in 1997, remains a popular title in the personal finance category. It was a New York Times Best Seller for over six years, selling over 32 million copies in 51 languages across 109 countries.
