Main Points:
- Robert Kiyosaki emphasizes the importance of owning real assets like Bitcoin, gold, and silver.
- Kiyosaki criticizes the debate over which is better: gold or Bitcoin.
- He warns of an impending bond market collapse and U.S. debt crisis.
- Kiyosaki encourages people to stop saving dollars, calling them “garbage.”
- The author highlights the growing U.S. debt problem and its potential consequences.
- Kiyosaki foresees difficulties for the next U.S. president, regardless of who wins.
Robert Kiyosaki, best known for his book Rich Dad Poor Dad, has once again voiced his strong opinions on the current economic situation, urging individuals to invest in tangible assets like Bitcoin, gold, and silver. He argues that the focus should not be on whether gold or Bitcoin is superior, but rather on how much of these assets one owns. Additionally, Kiyosaki highlights the impending bond market collapse, warning that the U.S. economy, with its overwhelming debt, is on the brink of disaster.
Kiyosaki’s Critique of the Gold vs. Bitcoin Debate
In recent weeks, Kiyosaki took to social media to express his thoughts on the ongoing debate about whether Bitcoin or gold is the better investment. He dismissed this debate as unimportant, stating that the real issue lies in how much of these assets an individual holds. “I don’t understand why people keep arguing about which is better—gold or Bitcoin. The only thing that matters is how many gold coins or Bitcoin you own,” Kiyosaki commented.
He further criticized those who are overly focused on the theoretical differences between gold and Bitcoin, urging his audience to act now by accumulating these real assets before economic conditions worsen.
The Bond Market Collapse and Economic Crisis
Kiyosaki’s dire warnings do not stop at the gold vs. Bitcoin debate. He has been vocal about what he sees as an imminent collapse of the bond market, which he considers to be far more dangerous than most people realize. The bond market, according to Kiyosaki, is “crashing,” and the global economy is built on debt. Bonds are debts, and with the world heavily reliant on them, any collapse could have catastrophic consequences.
He points out that while stock market crashes are visible and make headlines, bank failures are often hidden, making them even more dangerous. This looming financial catastrophe, Kiyosaki argues, is precisely why he invests heavily in gold, silver, and Bitcoin—assets he believes will retain their value in the face of economic turmoil.
The U.S. National Debt and the Future of the Dollar
One of Kiyosaki’s main concerns is the staggering U.S. national debt, which now exceeds $35 trillion. He does not believe that the U.S. government will be able to resolve this crisis, regardless of who wins the 2024 presidential election, whether it’s Donald Trump or Kamala Harris.
“The real problem is the $35 trillion in U.S. debt… neither Trump nor Kamala can fix this,” Kiyosaki stated. He also highlighted the growing burden of interest payments on this debt, which now exceeds $1 trillion annually. To put this figure into perspective, Kiyosaki quipped, “If you spent $1 every minute, it would take you 31,688 years to spend $1 trillion.”
Kiyosaki’s message is clear: the U.S. dollar is losing its value, and people should stop hoarding what he calls “fake money.” Instead, he advises investing in real assets like gold, silver, and Bitcoin to protect one’s wealth from the looming economic collapse.
Why Kiyosaki Prefers Bitcoin and Gold
Throughout his commentary, Kiyosaki has made it clear that he sees Bitcoin, gold, and silver as “real money” in a world where fiat currencies like the U.S. dollar are rapidly losing value. He repeatedly refers to the dollar as “garbage” and urges people to move their wealth into tangible assets that are not subject to the same inflationary pressures as fiat money.
Kiyosaki is particularly bullish on Bitcoin, seeing it as a critical hedge against the instability of global currencies. He believes that Bitcoin, like gold and silver, will retain its value over time, especially as more people lose faith in traditional financial systems. While some critics argue that Bitcoin is too volatile to be a reliable store of value, Kiyosaki maintains that its decentralized nature makes it a crucial asset in today’s uncertain economic environment.
Economic Predictions for 2024 and Beyond
Looking ahead, Kiyosaki does not have high hopes for the U.S. economy. He believes that the massive national debt, combined with an over-reliance on bonds and fiat currency, will lead to an economic downturn that the next president will struggle to manage.
Despite his gloomy predictions, Kiyosaki remains optimistic about the future of Bitcoin and other real assets. He sees the current economic crisis as an opportunity for those who are willing to invest wisely and accumulate tangible assets. In his view, those who continue to rely on traditional financial systems and fiat currency will suffer the most when the collapse comes.
Robert Kiyosaki’s message is consistent and clear: the U.S. dollar is rapidly losing value, and the bond market is on the brink of collapse. He advises individuals to stop saving dollars and instead invest in real assets like Bitcoin, gold, and silver. While some may view his predictions as alarmist, Kiyosaki argues that the current economic trends are unsustainable and that those who do not take action now will be left behind when the financial system inevitably falters.
