- U.S. debt surpasses $35T, with $1T added every 100 days, warns Robert Kiyosaki.
- Interest on U.S. debt now exceeds $1T annually, the largest budget expense.
- Kiyosaki urges investing in gold, silver, Bitcoin, calling them “real money.”
Robert Kiyosaki, renowned author of “Rich Dad Poor Dad,” recently expressed his concerns over the mounting U.S. debt, emphasizing the severity of the issue in a series of posts on his X account. Kiyosaki highlighted the alarming rise of the U.S. debt, which currently stands at a staggering $35 trillion, and the inability of political figures to address the underlying problem.
In his social media post, Kiyosaki noted that regardless of who wins the upcoming presidential election, whether Donald Trump or Kamala Harris, neither is likely to have a solution to the burgeoning U.S. debt.
He stressed that the debt is increasing at an alarming rate, rising by $1 trillion every 100 days. Kiyosaki pointed out that this rapid accumulation of debt poses a significant threat to the U.S. economy.
Kiyosaki further elaborated on the burden of interest payments on the national debt, revealing that the interest alone now exceeds $1 trillion annually, making it the largest expense in the U.S. budget.
This staggering figure underscores the immense financial pressure that the nation faces, with interest payments continuing to climb as the debt grows.
To illustrate the magnitude of $1 trillion, Kiyosaki shared a striking comparison: If one had to spend $1 for every minute it would take 31,688 years to spend $1 trillion. This analogy helps to illustrate just how massive the national debt is and what fiscal problems await the US in the future.
Given the increase in debt and depreciation of the US dollar, Kiyosaki told his followers to stop saving in what he called “fake money. ” Kiyosaki encouraged his followers to invest in gold, silver, and Bitcoin, which he classified as real money. Kiyosaki argued that these assets provided a shelter in anticipation of the upcoming economic crisis.
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