Lawmakers in the US engage in lengthy negotiations on the debt ceiling. But Rich Dad Poor Dad author Robert Kiyosaki says that meanwhile, America is bankrupt. Stating that the USA is facing a potential debt default, Kiyosaki made new statements. “Unfunded liabilities like Social Security are over $250 trillion,” he said. At this point, Kiyosaki points to Bitcoin, gold and silver. Here are the details…
Robert Kiyosaki spoke about the US debt crisis: He reiterated his Bitcoin recommendation
Robert Kiyosaki, author of Rich Dad Poor Dad, shared his views on the US debt crisis and lengthy negotiations on the debt ceiling. Rich Dad Poor Dad is a book written by Kiyosaki and Sharon Lechter in 1997. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 109 countries in more than 51 languages. “Politicians debating raising the $30 trillion US debt limit is a bad comedy, ‘Kabuki theatre,'” Kiyosaki tweeted. Also added the following:
Here are the facts: the USA went bankrupt. Unmet obligations like Social Security are over $250 trillion. Financial market ‘derivatives’ are measured in quadrillions… thousands of trillions.
He then reiterated his usual advice to buy gold, silver and Bitcoin. The famous author previously explained that these three investments are “best for unstable times”. Kiyosaki believes that US debt has exceeded the commonly cited $31.4 trillion figure. He thinks this indicates a more serious situation. As we have reported as Kriptokoin.com, research points to critical data. One study shows that the US’s unregistered liabilities are over $250 trillion.
The next crash is in the derivatives market.
In March, the author predicted that the next crash would be the $1 quadrillion derivatives market. He warned that the Fed’s rate hikes would crash stocks, bonds, real estate and the US dollar. In his latest tweet, Kiyosaki expressed his concerns about Germany’s entry into recession. He warned that the turn could come to the United States. The German economy experienced a technical recession in the first quarter of this year. The famous author, referring to the banking crisis in which several major banks went bankrupt, wrote:
Banks first. Are there countries next? Will Germany be the first country to go bankrupt? If Germany goes bankrupt, which country will be next? Will America default after Germany?
US Treasury Secretary Janet Yellen made a statement regarding the possibility that the US could not meet its debt obligations. Although it previously announced the estimated default date as 1 June, it was later revised to 5 June. The Congressional Budget Office (CBO) estimated that the US default could happen within the first two weeks of June. But global investment bank Goldman Sachs said the “real deadline” for the US to default is mostly June 8-9. On Saturday, the White House and Republicans reached a tentative agreement to prevent the US from defaulting.
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