Robert Kiyosaki, the author of Rich Dad Poor Dad, has warned that the U.S. is adding a trillion dollars to its debt every 100 days. He advises investing in gold, silver, and bitcoin to safeguard against economic instability.
Kiyosaki also points out the dangers of relying on traditional banks, noting that banking panics are often hidden, leaving most people unaware when their bank is insolvent.
Robert Kiyosaki Urges Investment in Bitcoin Amid US Debt Concerns
Rich Dad Poor Dad author Robert Kiyosaki, renowned for his financial insights, took to the social media platform X again this week to warn about the U.S. economy, highlighting that the country accrues a trillion dollars in debt every 100 days. His book “Rich Dad Poor Dad,” co-authored with Sharon Lechter in 1997, has remained on the New York Times Best Seller List for over six years and sold over 32 million copies in 51 languages across 109 countries.
Kiyosaki highlighted the immense scale of a trillion dollars by comparing it to a trillion seconds. He voiced concern about the U.S. accumulating debt at a rapid rate, citing that it happens every 100 days. At the time of writing, the U.S. national debt stood at $35.256 trillion. Kiyosaki recommended buying gold, silver, and bitcoin as a safeguard against economic instability, emphasizing these assets as a means of preserving wealth. The famous author wrote:
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?
In another post on X, Kiyosaki shared “Rich Dad Lesson on Panics.” He explained: “Panics in capital markets are visible. That means everyone knows when the stock, bond, or real estate markets are crashing.” In contrast, he said: “Panics in banks are invisible. That means most people have no idea when their bank is in bankruptcy.”
Noting, “That is why there is FDIC insurance. If your bank goes bust, up to $250K of your savings are safe,” Kiyosaki emphasized:
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? Take care. Our economy is F’d,” he opined.