- Financial expert Robert Kiyosaki issues a dire warning of an impending economic collapse in the US.
- “US bankrupt. Unfunded liabilities as Social Security are over $250 trillion,” says Kiyosaki.
- Kiyosaki advises investors to protect themselves by buying gold, silver, and Bitcoin.
In a recent tweet, financial expert Robert Kiyosaki warned that the United States is on the brink of economic collapse. He cited the country’s massive debt, unfunded liabilities, and the growing use of derivatives as evidence of the impending crisis.
Specifically, in the strongly-worded tweets, Kiyosaki criticized the ongoing political debate surrounding the proposed $30 trillion increase in the US debt limit, calling it “bad comedy” and “kabuki theater.”
Politicans debating raising $ 30 trillion US debt limit bad comedy, “kabuki theater.” Facts are: US bankrupt. Unfunded liabilities as Social Security are over $250 trillion. Financial market “derivative assets” measured in quadrillions…thousands of trillions. WTF. Buy G,S, BC.— Robert Kiyosaki (@theRealKiyosaki) May 24, 2023
Kiyosaki did not mince words when he highlighted the dire reality he believes the country is facing. He stated that the US is, in fact, bankrupt, citing staggering figures such as unfunded liabilities of over $250 trillion, particularly in programs like Social Security.
Furthermore, he drew attention to the mind-boggling size of the financial market’s “derivative assets,” which he claimed are measured in quadrillions, equating to thousands of trillions.
Ultimately, Kiyosaki advised his followers and investors to protect themselves against the potential fallout from the precarious situation. In his tweet, he suggested buying “G, S, BC,” which stands for gold (G), silver (S), and Bitcoin (BC).
As usual, the author’s tweets caused quite a stir within the financial and crypto communities. A Twitter user argued that financial chaos would become the main force driving the US economy toward recession in a few days.
In the past, crypto industry leaders like the CEO of Binance have equally mocked the US financial predicament, mainly as it affects some global businesses. In another conversation, the renowned author expressed that in 2025, Bitcoin will hit $500,000, followed by $5,000 and $500 price marks for gold and silver, respectively.
The post Kiyosaki Calls US Bankrupt with $250T Debt, Asks People to Buy BTC appeared first on Coin Edition.