Robert Kiyosaki, famend investor and creator of the best-selling private finance ebook, ‘Rich Dad Poor Dad’, has continued to specific considerations about the trajectory of the US economic system and highlighted the want for strategic investments to safeguard towards potential fallout.
In a submit on X on February 10, Kiyosaki drew historic parallels, evaluating the present state of the United States with the decline of the Roman Empire. Kiyosaki famous the historic tendency of nice powers to face comparable challenges of their twilight years. In each circumstances, he identified the prevalence of extravagant spectacles and the rising debt in EUnited States.
He steered that similarities come up when contemplating that the decline of the Roman Empire noticed the devaluation of foreign money to satisfy army and monetary obligations.
“At the same time, America’s debt is the highest in world history, a debt that America can never support. The Roman Empire ended the same way with massive gladiators entertaining burly Romans while their bankers devalued their currency to pay soldiers and bills.”
Kiyosaki’s views come as Americans put together for the Super Bowl, which has seen a big quantity of betting curiosity, emphasizing the ironic spectacle of a nation immersed in extravagant leisure whereas scuffling with unprecedented ranges of debt.
The monetary educator emphasised that “History repeats itself when stupidity prevails”.
Possible property for investments
To information buyers towards extra knowledgeable choices, Kiyosaki suggested avoiding typical investments and focusing on tangible property with enduring worth as an alternative.
According to the creator, gold, silver and Bitcoin (BTC) stay the essential selections as they are often hedges towards financial uncertainty and foreign money devaluation.
It is notable that Kiyosaki’s cautionary message follows optimistic indicators of restoration in the US economic system, with a Inflation declining and job creation exceeding analyst estimates. However, Kiyosaki dismissed the notion that the economic system is definitely rising, stating that solely “Naive people believe that the economy is strong”.
“The naive really believe the economy is strong. Do not be fooled. The Magnificent 7, funded by US government dollars, keep the stock market up. Please be careful. “Stock and bond markets are about to collapse.”
Kiyosaki.
Meanwhile, Kiyosaki stays bullish on Bitcoin, highlighting its potential as an asset alongside silver and gold to hedge towards inflation.
Previously, Kiyosaki expressed a bullish projection for Bitcoin, noting that the cryptocurrency may surpass the $100,000 mark in 2024.
