Robert Kiyosaki warns that economic collapse is inevitable no matter who wins US election

Robert Kiyosaki, author of the best-selling financial book Rich Dad Poor Dad, has issued a stark warning about the future of the U.S. economy. Regardless of who wins the upcoming presidential election, Kiyosaki believes the country is headed for a massive economic crash due to mounting debt and ineffective political leadership.

Kiyosaki’s Key Points

1. Inevitability of Economic Collapse:
   Kiyosaki has expressed a pessimistic view about the U.S. economy, stating that whether former President Donald Trump or Vice President Kamala Harris wins the election, the outcome will be the same: a significant financial crisis. He attributes this to the nation's skyrocketing debt, which has surpassed $35 trillion and grows by $1 trillion every 100 days.
2. Criticism of U.S. Dollar:
   In a post on X (formerly Twitter), Kiyosaki condemned the U.S. dollar as "trash" and advised against saving in dollars, referring to it as "fake money." Instead, he advocates for investing in tangible assets such as gold, silver, and Bitcoin, which he considers "real money."
3. Advice for Investors:
   Kiyosaki has been consistent in recommending investments in precious metals and cryptocurrencies as a safeguard against economic instability. He emphasises gold, silver, and Bitcoin (BTC) as key assets for preserving wealth.

Read more: Robert Kiyosaki Claims the Largest Stock Market Crash Has Already Started

Kiyosaki’s views align with observations by other financial commentators. Walker, host of THE Bitcoin Podcast, shared a chart showing the continuous rise in U.S. national debt under both Republican and Democratic administrations since the early 1980s. This trend supports Kiyosaki’s argument that debt accumulation is a persistent issue, regardless of political leadership.

U.S. national debt throughout administrations. Source:Walker

In addition to gold, silver, and Bitcoin, Kiyosaki has diversified his investments into lithium mines, carbon credits, and other cryptocurrencies, including Ethereum (ETH) and Solana (SOL). He has been vocal about the importance of these assets in navigating the anticipated financial downturn.

In late August, Kiyosaki reiterated his concerns about the increasing national debt, reinforcing his advice to invest in alternative assets. He argues that the U.S.'s growing debt burden and the declining value of fiat currency necessitate a shift toward more stable and potentially profitable investments.

Read more: Robert Kiyosaki Reveals Asset Strategies to Safeguard Against Fed’s ‘Criminal’ Policies

Conclusion

Robert Kiyosaki’s warnings underscore a broader concern about the U.S. economy’s trajectory and the effectiveness of current financial policies. His recommendations to invest in gold, silver, and Bitcoin reflect a strategy aimed at mitigating risk in the face of anticipated economic challenges.