Renowned author of "Rich Dad Poor Dad," Robert Kiyosaki, has raised alarm over the rapid surge in the U.S. national debt, urging investors to diversify into Bitcoin, gold, and silver. Kiyosaki, known for his financial insights, recently reinforced his advice by increasing his personal Bitcoin holdings. Concerns about the national debt's potential impact on the U.S. economy and the dollar have been echoed by other critics of the government's fiscal policies.
Kiyosaki's Concerns:
Robert Kiyosaki expresses deep concern over the U.S. national debt, which has ballooned by a trillion dollars in a short period. He emphasizes the urgency of buying Bitcoin, gold, and silver as a hedge against potential economic challenges.
Twitter Appeal:
Kiyosaki takes to social media, particularly X (formerly Twitter), to share his frustration about the rapid increase in the national debt during the NFL season. He calls on investors to protect themselves from financial corruption and incompetence by diversifying their portfolios.
National Debt Figures:
The U.S. national debt currently stands at $34.06 trillion, witnessing a $1.02 trillion increase since September 18 of the previous year, according to the Treasury Department.
Growing Concerns:
Economists, including gold enthusiast Peter Schiff, have voiced concerns about the accelerating national debt. Schiff predicts a record-setting increase in the national debt in 2024, potentially leading to a sovereign debt or dollar crisis.
Moody's Downgrade:
In November of the previous year, Moody's downgraded the U.S. credit rating to "negative," citing escalating deficits and debt burdens as contributing factors.
Senator Rand Paul's Warning:
U.S. Senator Rand Paul warns that uncontrolled government spending poses a significant threat to national security and the existence of the dollar.
Jeffrey Gundlach's Caution:
Billionaire "Bond King" Jeffrey Gundlach cautions about the massive budget deficit and rising interest rates on the national debt, emphasizing the need to control budget and spending to secure the future of the U.S. dollar and prevent potential inflation.
As concerns mount over the soaring U.S. national debt, financial expert Robert Kiyosaki urges investors to consider Bitcoin, gold, and silver as protective measures. With echoed warnings from other financial figures, the urgency to address the national debt's impact on the U.S. economy remains a prominent theme in financial discussions.