US Bankruptcy: Kiyosaki Warns of Drastic Cuts to Social Services
• Rich Dad Poor Dad author Robert Kiyosaki is declaring the United States bankrupt due to trillions upon trillions of dollars in unfunded liabilities.
• Kiyosaki recommends investing in gold, silver or Bitcoin (BTC) as a store of value during these turbulent economic times caused by mounting US government costs.
• Legendary investor Stanley Druckenmiller has warned that America’s debt liabilities and costs could force the government to make drastic cuts to social service programs like Social Security and Medicare.
US Government Bankruptcy
Rich Dad Poor Dad author Robert Kiyosaki has declared the United States bankrupt due to trillions upon trillions of dollars in unfunded liabilities. He warns his 2.4 million Twitter followers that worsening economic times are ahead, and suggests investing in gold, silver or Bitcoin (BTC) as a safe store of value.
Consequences of US Debt
Kiyosaki believes that the Federal Reserve’s monetary tightening policies have contributed to recent regional bank collapses, and predicts further recessions are imminent. Legendary investor Stanley Druckenmiller has also weighed in on the situation, noting that if the US were to account for its future entitlement obligations, it would be closer to $200 trillion in debt rather than the current estimate of $31.7 trillion. As such, he advises immediate cuts be made to social programs like Social Security and Medicare before things get worse down the road.
Investment Recommendations
Kiyosaki maintains that gold, silver and Bitcoin are some of the best hedges against impending recessionary times ahead. He predicted back in April that Bitcoin will eventually surge up to $100,000 or higher – an opinion shared by many other cryptocurrency experts including Druckenmiller himself who believes BTC is a great long-term investment opportunity.
Risk Minimization Strategies
To minimize potential risks associated with investments during uncertain economic conditions, Kiyosaki urges people not only diversify their portfolios but also pay attention to price action when trading digital assets like Bitcoin so as not miss out on any important market developments which could influence their investments positively or negatively over time.
Conclusion
The US government is facing immense financial pressure due its large debt burden and rising unfunded liabilities – leading Kiyosaki and others recommend investing in traditional stores of value such as gold/silver or digital assets like Bitcoin for risk minimization strategies while paying close attention to market dynamics along the way.
