TL;DR
- Robert Kiyosaki points out that neither Trump nor Harris will be able to solve the U.S. national debt problem.
- U.S. debt has reached $35 trillion, increasing by $1 trillion every 100 days.
- Kiyosaki urges saving in gold, silver, and Bitcoin, rather than dollars, in light of the growing crisis.
The United States national debt has surpassed $35 trillion, and according to Robert Kiyosaki, author of Rich Dad Poor Dad, this is the country’s biggest challenge.
In his social media posts, Kiyosaki emphasized that neither Donald Trump nor Kamala Harris will be able to solve this crisis in the short term, as the underlying problem is much deeper and more complex.
Currently, the country is paying more than $1 trillion annually just in interest on this debt, which represents the largest expenditure in the national budget.
Kiyosaki notes that U.S. debt is increasing at an alarming rate, with a $1 trillion rise every 100 days.
In his statements, he compared what this figure means, explaining that if someone spent $1 per minute, it would take over 31,000 years to spend one trillion dollars.
This level of debt is unsustainable in the long run, and Kiyosaki warns that the dollar is rapidly losing value, labeling it as “fake money”.
In this context, Kiyosaki urges investors and citizens to stop saving in dollars and begin investing in assets that he considers “real money,” such as gold, silver, and Bitcoin.
According to him, these are the true stores of value that can protect personal wealth from the dollar’s devaluation and the rising debt.
The Debt Crisis and Financial Future by Kiyosaki
The unstoppable rise of U.S. debt has put many economists and business leaders on alert.
While the government continues to borrow to finance its expenses, solutions seem distant and scarce.
As an example, Kiyosaki cites El Salvador, a country that, under the leadership of President Nayib Bukele, has adopted a Bitcoin-based strategy to pay off its debt.
In response to this approach, some U.S. senators, like Cynthia Lummis, are proposing similar strategies.
Lummis suggests that the U.S. government should purchase 1 million Bitcoins over the next five years and hold them for at least 20 years to reduce the debt burden.
This measure aims to replicate the success of El Salvador, which has managed to pay off $800 million in debt using Bitcoin.
Despite these proposals, Kiyosaki remains skeptical about the country’s future if it continues to rely on the dollar.
According to him, only those who diversify their wealth into tangible assets like gold, silver, and cryptocurrencies will be able to protect themselves from a potential deeper financial crisis.
As 2024 approaches and the general elections take center stage, the issue of debt and alternative solutions like Bitcoin are likely to remain central to the economic debate.
