Robert Kiyosaki, the author of the popular book “Rich Dad Poor Dad,” has offered his insights on the U.S. debt crisis and the extensive deliberations related to the debt ceiling in a recent tweet.
Published in 1997 and co-authored by Kiyosaki and Sharon Lechter, “Rich Dad Poor Dad” has remained on the prestigious New York Times Best Seller List for an impressive duration of six years. With sales exceeding 32 million copies and translations in over 51 languages, the book has reached readers in more than 109 countries worldwide.
He shared his views on the U.S. debt ceiling in a recent tweet:
Reaffirming his consistent advice, the renowned author once again emphasized the value of investing in gold, silver, and bitcoin. As he has stated before, these three assets are considered the top choices during periods of instability.
According to Kiyosaki, the debt situation of United States surpasses the commonly acknowledged amount of $31.4 trillion, suggesting a more critical state. A study reveals that the off-the-books obligations or unfunded liabilities of the U.S. reach a sum of over $250 trillion.
Back in March, the author of Rich Dad Poor Dad made a prediction that the next major crash would originate from the $1 quadrillion derivatives market. He issued a warning about the potential consequences of the Federal Reserve’s interest rate hikes, stating that they could trigger a crash in stocks, bonds, real estate, and even the U.S. dollar.
In a subsequent tweet shared on Friday, Kiyosaki expressed apprehension regarding Germany’s recession and cautioned that the United States could face a similar fate. Noting Germany’s technical recession in the first quarter of the year, the acclaimed author referred to the previous banking crisis, highlighting the occurrence of multiple major bank failures.