{"id":37677,"date":"2024-02-10T09:13:57","date_gmt":"2024-02-10T09:13:57","guid":{"rendered":"https:\/\/freakcryptos.com\/index.php\/2024\/02\/10\/end-of-the-american-empire-rich-dad-author-deems-bitcoin-as-savior-amid-debt-crisis\/"},"modified":"2024-02-10T09:13:57","modified_gmt":"2024-02-10T09:13:57","slug":"end-of-the-american-empire-rich-dad-author-deems-bitcoin-as-savior-amid-debt-crisis","status":"publish","type":"post","link":"https:\/\/freakcryptos.com\/index.php\/2024\/02\/10\/end-of-the-american-empire-rich-dad-author-deems-bitcoin-as-savior-amid-debt-crisis\/","title":{"rendered":"End Of The American Empire? Rich Dad Author Deems Bitcoin As Savior Amid Debt Crisis"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>Renowned creator and monetary professional <a href=\"https:\/\/coingape.com\/robert-kiyosaki-no-soft-landing-as-banks-will-fail-buy-bitcoin\/\" target=\"_blank\" rel=\"noopener\">Robert Kiyosaki<\/a> 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.<\/p>\n<h2>Robert Kiyosaki Advocates For Bitcoin As A Hedge Against Massive Debt Crisis<\/h2>\n<p>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\u2019s 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.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p>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.<\/p>\n<p>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 <a rel=\"nofollow noopener\" href=\"https:\/\/fiscaldata.treasury.gov\/americas-finance-guide\/national-debt\/\" target=\"_blank\">fiscal data<\/a> by the U.S. authorities.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">END OF THE AMERICAN EMPIRE?  This week Americans will guess $68 billion on a sport.  At the identical time America\u2019s 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\u2026<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p>\u2014 Robert Kiyosaki (@theRealKiyosaki) <a href=\"https:\/\/twitter.com\/theRealKiyosaki\/status\/1756130013488038348?ref_src=twsrc%5Etfw\">February 10, 2024<\/a><\/p>\n<\/blockquote>\n<p>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 \u201chistory repeats if stupidity repeats\u201d and cautioned Americans towards such entertainment-based investments. Kiyosaki urged contemplating different property corresponding to gold, silver, and Bitcoin as higher funding choices.<\/p>\n<p>In addition, he lately warned towards the <a href=\"https:\/\/coingape.com\/rich-dad-author-robert-kiyosaki-predicts-stock-and-bond-markets-crash-bitcoin-hedging-to-ramp-up\/\" target=\"_blank\" rel=\"noopener\">downfall of the U.S. economy<\/a>. 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.<\/p>\n<p><strong>Also Read: <a href=\"https:\/\/coingape.com\/robert-kiyosaki-no-soft-landing-as-banks-will-fail-buy-bitcoin\/\" target=\"_blank\" rel=\"noopener\">Robert Kiyosaki: Rich Dad Author\u2019s Dire Warning on Banks Failure, Bitcoin an Only Option?<\/a><\/strong><\/p>\n<h2>End Of The American Empire?<\/h2>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p>The United States stays a dominant international pressure with army superiority and management over important sea lanes. It instructions about 30% of the world\u2019s 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.<\/p>\n<p>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.<\/p>\n<p>Turkey and Iran have additionally posed a risk to the nation\u2019s international affect. Turkey and Iran\u2019s resurgent nationalisms and India\u2019s notable financial progress underscore shifting energy dynamics. Meanwhile, the U.Okay.\u2019s constant alignment with U.S. pursuits highlights the depth of their alliance, no matter political shifts.<\/p>\n<p>Whilst, within the US, each the <a href=\"https:\/\/coingape.com\/what-will-happen-to-sec-chair-gary-gensler-if-trump-enters-the-white-house\/\" target=\"_blank\" rel=\"noopener\">Donald Trump<\/a> and Joe Biden administrations confronted challenges in sustaining international dominance. While Trump pursued an \u201cAmerica First\u201d agenda, his administration continued conventional US insurance policies, such because the warfare in Yemen and tensions with Iran.<\/p>\n<p>Similarly, Biden\u2019s presidency grapples with adapting U.S. methods amid rising challenges from China and ongoing conflicts globally. In addition, as Robert Kiyosaki highlighted, the nation\u2019s debt entice simply makes every part worse with over $33 trillion in debt.<\/p>\n<h3>Vladimir Putin Highlights The Downfall Of USD<\/h3>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p>On the opposite hand, the <a href=\"https:\/\/coingape.com\/morgan-stanley-expects-stablecoins-to-back-usd-amid-de-dollarization-risks\/\" target=\"_blank\" rel=\"noopener\">U.S. Dollar\u2019s dominance<\/a> is beneath warmth. Vladimir Putin, the President of Russia, criticized the U.S. greenback\u2019s use in financial sanctions, calling it a \u201cstrategic mistake.\u201d In an interview with Tucker Carlson, he stated, \u201cTo use the dollar as a tool of foreign policy struggle is one of the biggest strategic mistakes.\u201d<\/p>\n<p>Amid extreme US sanctions after Russia\u2019s 2022 Ukraine invasion, commerce halted and prompted a shift towards the Russian ruble and <a href=\"https:\/\/coingape.com\/yuan-rallies-as-state-owned-banks-step-up-purchases\/\" target=\"_blank\" rel=\"noopener\">Chinese yuan<\/a>, 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\u2019s dominance.<\/p>\n<p><strong>Also Read: <a href=\"https:\/\/coingape.com\/7-reasons-why-bitcoin-price-can-hit-100000-in-2025\/\" target=\"_blank\" rel=\"noopener\">7 Reasons Why Bitcoin Price Can Hit $100,000 In 2025<\/a><\/strong><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/end-of-the-american-empire-robert-kiyosaki-deems-bitcoin-as-savior-amid-debt-crisis\/\" target=\"_blank\" style=\"display: block\" rel=\"noopener\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/end-of-the-american-empire-robert-kiyosaki-deems-bitcoin-as-savior-amid-debt-crisis\/\" target=\"_blank\" rel=\"noopener\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\"\/><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>          <!-- \n\n<div class=\"m-on pl-2 pr-2\">\n            \n\n<div class=\"row\">\n            \n\n<div class=\"col-6 pr-2\">\n         \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a href=\"https:\/\/coingape.com\/top-7-crypto-marketing-firms-of-the-year\/?utm_source=abovesidebartabnews&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; Here&rsquo;s Best Picks [Updated]\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                  \n\n<div class=\"col-6 pl-2\">\n                 \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a href=\"https:\/\/coingape.com\/top-10-web-3-games-to-explore-in-2023-here-list\/?utm_source=priceanalysisbar&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                <\/div>\n\n\n        <\/div>\n\n                    --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA179553\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>CoinGape contains an skilled workforce of native content material writers and editors working around the clock to cowl information globally and current information as a truth relatively than an opinion. 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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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":37679,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[4821,1375,20,880,1374,2968,5448,4746,1373,5640],"class_list":{"0":"post-37677","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-american","9":"tag-author","10":"tag-bitcoin","11":"tag-crisis","12":"tag-dad","13":"tag-debt","14":"tag-deems","15":"tag-empire","16":"tag-rich","17":"tag-savior"},"_links":{"self":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/37677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/comments?post=37677"}],"version-history":[{"count":1,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/37677\/revisions"}],"predecessor-version":[{"id":37678,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/37677\/revisions\/37678"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media\/37679"}],"wp:attachment":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media?parent=37677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/categories?post=37677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/tags?post=37677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}