- Monetary professional Robert Kiyosaki points a dire warning of an impending financial collapse within the US.
- “US bankrupt. Unfunded liabilities as Social Safety are over $250 trillion,” says Kiyosaki.
- Kiyosaki advises traders to guard themselves by shopping for gold, silver, and Bitcoin.
In a latest tweet, monetary professional Robert Kiyosaki warned that the US is on the point of financial collapse. He cited the nation’s large debt, unfunded liabilities, and the rising use of derivatives as proof of the approaching disaster.
Particularly, within the strongly-worded tweets, Kiyosaki criticized the continued political debate surrounding the proposed $30 trillion improve within the US debt restrict, calling it “unhealthy comedy” and “kabuki theater.”
Kiyosaki didn’t mince phrases when he highlighted the dire actuality he believes the nation is dealing with. He said that the US is, in truth, bankrupt, citing staggering figures reminiscent of unfunded liabilities of over $250 trillion, significantly in packages like Social Safety.
Moreover, he drew consideration to the mind-boggling measurement of the monetary market’s “by-product property,” which he claimed are measured in quadrillions, equating to hundreds of trillions.
Finally, Kiyosaki suggested his followers and traders to guard themselves in opposition to the potential fallout from the precarious state of affairs. In his tweet, he steered shopping for “G, S, BC,” which stands for gold (G), silver (S), and Bitcoin (BC).
As common, the writer’s tweets prompted fairly a stir throughout the monetary and crypto communities. A Twitter consumer argued that monetary chaos would change into the primary pressure driving the US economic system towards recession in a couple of days.
Prior to now, crypto trade leaders just like the CEO of Binance have equally mocked the US monetary predicament, primarily because it impacts some world companies. In one other dialog, the famend writer expressed that in 2025, Bitcoin will hit $500,000, adopted by $5,000 and $500 value marks for gold and silver, respectively.