• Robert Kiyosaki is declaring the United States bankrupt due to trillions upon trillions of dollars in unfunded liabilities.
• Kiyosaki advises investing in gold, silver or Bitcoin (BTC) as he warns of worsening economic times ahead.
• Stanley Druckenmiller has also issued a warning about America’s financial outlook, saying the nation’s debt liabilities and costs could force the government to make drastic cuts to social service programs.
Robert Kiyosaki Declares US Bankrupt
Rich Dad Poor Dad author Robert Kiyosaki is declaring the United States bankrupt due to trillions upon trillions of dollars in unfunded liabilities. With mounting unfunded US government costs looming, Kiyosaki advises his 2.4 million Twitter followers to invest in gold, silver or Bitcoin (BTC) as a hedge against economic decline.
The Fed’s Role In The Economic Crash
Kiyosaki previously predicted a crash-landing for the economy because the Federal Reserve has raised interest rates since last March in an effort to draw down inflation. He has blamed the Fed’s monetary tightening policies for the crash of regional banks and has warned more bank collapses are likely.
Stanley Druckenmiller’s Warning
Legendary investor Stanley Druckenmiller has also issued a warning about America’s financial outlook, saying that if the US accounted for what it owes future senior citizens of America, then its debt would be closer to $200 trillion – far higher than its current estimated national debt of $31.7 trillion. As such, he believes that drastic cuts must be made to social programs like Social Security and Medicare immediately in order to avoid a worse economic situation down the road.
Kiyosaki’s Recommended Hedges
Warning of recessionary times ahead, Robert Kiyosaki maintains that gold, silver and Bitcoin are the best hedges against currency devaluation and further economic decline. He even predicted back in April that Bitcoin will eventually surge up to $100,000 and beyond.
Conclusion
As both Robert Kiyosaki and Stanley Druckenmiller have expressed their worries about America’s financial outlook and mounting debts through their warnings on Twitter and speeches respectively – investors should look towards protective investments such as gold, silver or Bitcoin as safe havens during these tumultuous economic times ahead.