We are talking about one of the world’s most respected authors in the field of economics, whose books have been translated into 51 languages. Indeed, Robert Kiyosaki‘s book, “Rich Dad Poor Dad,” has sold more than 41 million copies worldwide and has been translated into 51 languages. Predictions about the future from such a popular figure seem noteworthy.
Bitcoin, Gold, Silver: The Future
Robert Kiyosaki shares only three assets on his social media account as “real money”. These are gold, silver, and Bitcoin 
$63,379. According to him, the end of money with unlimited supply, printed in printing houses, will come, and we will continue our lives with real money as in the past. He has critiques on a wide variety of issues, from economies inflated by fractional reserve banking to today’s hot issue related to the debt ceiling.
He argues that the United States has reached the end of the road with its current financial system. This may sound exaggerated, but those who are interested in history know that many empires and systems have been destroyed so far. One day, the US could also lose its current power and remain in history books.
Robert Kiyosaki stated the following:
It’s a comedy that politicians are discussing raising the US’s $30 trillion debt limit. The facts are clear: the US has gone bankrupt. Unfunded liabilities such as Social Security are over $250 trillion. Derivative assets in the financial market are measured in quadrillions. Thousands of trillions. Damn. Buy gold, silver, and Bitcoin.
The US Debt Ceiling
The US debt ceiling has been raised a total of 78 times to date. The country has been raising its debt ceiling for decades because it spends more than its income. There is a two-party system in the country, and the Democrats are currently in power. The Biden administration is trying to convince the opposition to raise the debt ceiling again, which has been increased 78 times before. The comedy is that this debt ceiling has been raised 78 times during periods when both parties were in power.
It will be raised today. If the US does not want to face economic destruction, it has to do this but what’s happening? Summarizing item by item will be the most wonderful method.
There are presidential elections in the US at the end of 2024, and the Republicans have politicized this debt ceiling issue. Before the elections, the Republicans, who want the Biden administration to lose votes, are asking the administration to cut some of its expenses for the debt ceiling agreement. The most important of these cuts is “food support” expenses. The state regularly pays for food aid to the needy over a certain age in the country. The Republicans, who think that if this aid is cut, the Democrats will get fewer votes in the elections next year, are putting pressure on the current administration. The Biden administration, on the other hand, wants to generate a source of $18 billion by taxing the rich and crypto investors instead. Republicans oppose the current government’s proposal and want to enforce a social assistance cut (it is aimed to reduce spending by raising the age criterion of aid recipients). The stubbornness of the Biden administration is the reason why the debt ceiling agreement still cannot be resolved days before June 1. Finally, Kiyosaki also argues that this cycle has now come to an end. However, it should not be forgotten that America is America and has the freedom to print unlimited dollars. Naturally, as long as it maintains its political, economic, and military power, this cycle can continue nicely.
