America Is on a Collision Course for a Debt Disaster, Warns Author Robert Kiyosaki

Source: https://www.naturalnews.com/2023-08-13-america-collision-course-debt-disaster-says-author-robert-kiyosaki.htmlShow more

The United States is approaching disaster with its increasing national debt, according to well-known author Robert Kiyosaki.
Kiyosaki made the statement during a guest appearance in a recent episode of the "Decentralize TV" show hosted by Mike Adams and Todd Pitner on the Brighteon.com channel.

Adams kicked off the discussion with Kiyosaki by asking the author of the number one personal finance book "Rich Dad Poor Dad" about his concerns with the fiat currency and an overview of where he thinks America is standing at the moment.

Kiyosaki recalled that when former President Richard Nixon took the dollar off the gold standard in 1971 it meant the dollar become fake money, or fiat currency. (Related: Thrive Time Show: Robert Kiyosaki warns Clay Clark that the US dollar’s end is near – Brighteon.TV.)

He added that throughout history, no fiat currency has ever survived, and it has brought down the Chinese Empire, the Roman Empire and the Greek Empire.

The entrepreneur, educator and investor said since the dollar was taken off the gold standard people have seen changes around the world.

He also took note that whenever the government gets into trouble, they would just start printing more money.

Kiyosaki mentioned the government recently raised the debt ceiling again and the U.S. credit rating was downgraded from AAA to AA+ by the Fitch Ratings services.

He pointed out the average American has no idea what it means because they have no financial education coming from schools which Kiyosaki said is a concern for him and the reason why he writes and speaks about the importance of financial education.