Kiyosaki Sounds Crash Warning Siren Again: US Economy 'Bankrupt'
Financial expert Robert Kiyosaki is once again warning of an impending global crash and a 'bankrupt' US economy. In recent posts on X, he reiterated his earlier assessment that many people will be wiped out financially in the downturn, while a select few will reap rewards.
Kiyosaki cited rising debt levels, weakening bonds, China's ascent, and AI-driven job losses as key factors contributing to the financial instability. He noted that the US federal debt has ballooned from around $9.5 trillion before the 2008 global financial crisis to nearly $39 trillion today.
According to Kiyosaki, the government is adding approximately $1 trillion every 90 days, threatening the purchasing power of traditional cash savings. He warned that investors and households are facing mounting challenges due to rising debt, labor market disruption, and financial market volatility.
Kiyosaki continues to advocate for investing in assets he believes will preserve purchasing power during periods of monetary instability, such as gold, silver, Bitcoin, and Ethereum. He has accumulated these assets since 1965 (silver), 1971 (gold), 2012 (Bitcoin), and 2022 (Ethereum).