Rich Dad Poor Dad Author Robert Kiyosaki Says America Is Bankrupt Amid US Debt Crisis

Rich Dad Poor Dad writer Robert Kiyosaki says America is bankrupt arsenic lawmakers prosecute successful lengthy negotiations implicit the indebtedness ceiling. “Unfunded liabilities arsenic Social Security are implicit $250 trillion,” helium said arsenic the U.S. faces a imaginable indebtedness default.

Robert Kiyosaki connected U.S. Debt Crisis

The writer of Rich Dad Poor Dad, Robert Kiyosaki, has shared his position connected the U.S. indebtedness situation and the lengthy negotiations surrounding the indebtedness ceiling. Rich Dad Poor Dad is simply a 1997 publication co-authored by Kiyosaki and Sharon Lechter. It has been connected the New York Times Best Seller List for implicit six years. More than 32 cardinal copies of the publication person been sold successful implicit 51 languages crossed much than 109 countries.

“Politicians debating raising $30 trillion U.S. indebtedness bounds atrocious comedy, ‘Kabuki theater,’” Kiyosaki tweeted Wednesday, adding:

Facts are: U.S. bankrupt. Unfunded liabilities arsenic Social Security are implicit $250 trillion. Financial marketplace ‘derivative assets’ measured successful quadrillions … thousands of trillions.

He past reiterated his accustomed proposal of buying gold, silver, and bitcoin. The celebrated writer antecedently explained that the 3 investments are “best for unstable times.”

Kiyosaki believes that the U.S. indebtedness exceeds the commonly mentioned fig of $31.4 trillion, indicating a much terrible situation. A survey shows that off-the-books obligations oregon unfunded liabilities of the U.S. magnitude to over $250 trillion.

In March, the Rich Dad Poor Dad writer predicted that the adjacent clang volition beryllium the $1 quadrillion derivatives market. He cautioned that the Federal Reserve’s involvement complaint hikes volition clang stocks, bonds, existent estate, arsenic good arsenic the U.S. dollar.

In a follow-up tweet connected Friday, Kiyosaki raised concerns astir Germany’s recession, informing that the U.S. could neglect next. The German system experienced a technical recession successful the archetypal 4th of this year. Referencing the banking crisis, wherever respective large banks failed, the renowned writer wrote:

First banks. Countries next? Will Germany beryllium the archetypal state to fail? Go bankrupt? if Germany fails which state volition beryllium next? Will America default aft Germany?

U.S. Treasury Secretary Janet Yellen has revised her estimation of the imaginable day for the U.S. to default connected its indebtedness obligations to June 5, from the erstwhile day of June 1. The Congressional Budget Office (CBO) estimated that a U.S. default could hap successful the first 2 weeks of June. Global concern slope Goldman Sachs, however, said the “real deadline” for a U.S. default is much similar June 8-9. On Saturday, the White House and Republicans reached a tentative deal to debar a U.S. default.

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