Renowned creator and monetary professional Robert Kiyosaki issued a stark warning relating to the state of the American empire. He underscored the rising debt of the United States and deemed Bitcoin (BTC), gold, and silver as potential saviors. In addition, the investor drew parallels between the American Empire and the Roman Empire to emphasise why the nation was in peril.
Robert Kiyosaki Advocates For Bitcoin As A Hedge Against Massive Debt Crisis
Kiyosaki identified {that a} staggering $68 billion is predicted to be wagered on the Super Bowl occasion subsequent week. Moreover, he famous that such big bets come amid the nation’s record-high debt ranges, which he claims are unsustainable. Since its inception, the United States has carried debt, which surged throughout occasions just like the Revolutionary War, reaching over $75 million by 1791.
Furthermore, regardless of occasional reductions, corresponding to in 1835 as a consequence of land gross sales, the debt elevated dramatically in the course of the Civil War, reaching practically $3 billion by 1865. Moreover, all through the twentieth century, the U.S. debt steadily grew, hitting round $22 billion after World War I.
Recent notable spikes occurred because of the Afghanistan and Iraq Wars, the 2008 Great Recession, and the COVID-19 pandemic. From fiscal 12 months 2019 to 2021, spending surged by about 50% primarily as a consequence of COVID-19. Over the previous century, federal debt skyrocketed from $403 billion in 1923 to $33.17 trillion in 2023, in accordance with fiscal data by the U.S. authorities.
END OF THE AMERICAN EMPIRE? This week Americans will guess $68 billion on a sport. At the identical time America’s debt is the very best in world historical past, a debt America can by no means again. The Roman Empire led to the identical method with huge gladiators entertaining chubby Romans whereas their…
— Robert Kiyosaki (@theRealKiyosaki) February 10, 2024
Drawing parallels to historical past, Kiyosaki urged that extreme concentrate on leisure can distract from underlying financial points, very similar to in historical Rome. Hence, Kiyosaki famous that “history repeats if stupidity repeats” and cautioned Americans towards such entertainment-based investments. Kiyosaki urged contemplating different property corresponding to gold, silver, and Bitcoin as higher funding choices.
In addition, he lately warned towards the downfall of the U.S. economy. Kiyosaki advocated Bitcoin adoption and famous that the inventory and bond markets may see a terrific fall quickly. Moreover, he suggested to decrease belief in fiat currencies just like the greenback because it might be hit by devaluation.
Also Read: Robert Kiyosaki: Rich Dad Author’s Dire Warning on Banks Failure, Bitcoin an Only Option?
End Of The American Empire?
The United States stays a dominant international pressure with army superiority and management over important sea lanes. It instructions about 30% of the world’s wealth and exerts vital affect over the worldwide monetary system. However, the Afghanistan battle drastically challenged the U.S. energy projection, whereas tensions with Russia over Ukraine strained its international affect.
The rise of China poses a big problem to US dominance, resulting in a shift in focus from conventional Middle East conflicts to competitors with China. Despite sustaining financial centrality and army scale, the U.S. faces criticism and perceptions of decline, notably evident in its struggles to stabilize areas like Afghanistan.
Turkey and Iran have additionally posed a risk to the nation’s international affect. Turkey and Iran’s resurgent nationalisms and India’s notable financial progress underscore shifting energy dynamics. Meanwhile, the U.Okay.’s constant alignment with U.S. pursuits highlights the depth of their alliance, no matter political shifts.
Whilst, within the US, each the Donald Trump and Joe Biden administrations confronted challenges in sustaining international dominance. While Trump pursued an “America First” agenda, his administration continued conventional US insurance policies, such because the warfare in Yemen and tensions with Iran.
Similarly, Biden’s presidency grapples with adapting U.S. methods amid rising challenges from China and ongoing conflicts globally. In addition, as Robert Kiyosaki highlighted, the nation’s debt entice simply makes every part worse with over $33 trillion in debt.
Vladimir Putin Highlights The Downfall Of USD
On the opposite hand, the U.S. Dollar’s dominance is beneath warmth. Vladimir Putin, the President of Russia, criticized the U.S. greenback’s use in financial sanctions, calling it a “strategic mistake.” In an interview with Tucker Carlson, he stated, “To use the dollar as a tool of foreign policy struggle is one of the biggest strategic mistakes.”
Amid extreme US sanctions after Russia’s 2022 Ukraine invasion, commerce halted and prompted a shift towards the Russian ruble and Chinese yuan, which changed the greenback in worldwide commerce. Hence, Putin urged that these sanctions harmed the U.S. financial system massively, thereby highlighting a decline within the greenback’s dominance.
Also Read: 7 Reasons Why Bitcoin Price Can Hit $100,000 In 2025
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