Allgemein

US Bankrupt: Kiyosaki Warns Investors to Hoard Gold & Bitcoin

• Rich Dad Poor Dad author Robert Kiyosaki has declared the US bankrupt due to trillions of dollars in unfunded liabilities.
• Kiyosaki suggests that gold, silver and Bitcoin are the best store of value for their wealth.
• Legendary investor Stanley Druckenmiller warns that America’s debt liabilities and costs could force the government to make drastic cuts to social service programs like social security and Medicare.

Robert Kiyosaki Declares US Bankrupt

Rich Dad Poor Dad author Robert Kiyosaki is declaring the United States bankrupt due to trillions upon trillions of dollars in unfunded liabilities. He has warned his 2.4 million Twitter followers that the best store of value for their wealth is in gold, silver or Bitcoin (BTC).

Worsening Economic Times Ahead

Kiyosaki blames the Federal Reserve’s monetary tightening policies for the crash of regional banks and expects more bank collapses are likely ahead along with recessionary times. The author previously predicted a crash-landing for the economy because of interest rate hikes since last March in an effort to draw down inflation. He believes gold, silver and Bitcoin are the best hedges against worsening economic conditions.

US National Debt

The US national debt is currently estimated at $31.7 trillion but legendary investor Stanley Druckenmiller claims if we accounted for what the government owes to future senior citizens, it’s closer to $200 trillion in debt. This could potentially force drastic cuts to social service programs like social security and Medicare according to Druckenmiller who said: “It is time that we let go of the false pretense that cutting entitlements is a choice.“

Kiyosaki’s Predictions on Bitcoin

Kiyosaki predicted in April that Bitcoin will eventually surge up as high as $100,000 or even higher while suggesting it as one way people can protect their wealth from downturns in other markets.

Conclusion

With mounting debts from Social Security obligations surpassing over $250 trillion, Rich Dad Poor Dad author Robert Kiyosaki has declared the United States bankrupt while warning people about upcoming worse economic times ahead through his 2.4 million Twitter followers. He suggests buying gold, silver or Bitcoin as hedges against these downturns while acknowledging legendary investor Stanley Drunkenmiller’s warnings about needing immediate reductions on social programs such as Social Security and Medicare before things get worse economically down the road .