America’s Debt Grows by $240 Billion in One Month, Puts Country at Risk, Says Robert Kiyosaki
According to recent data from the U.S. Treasury, America’s national debt increased by $240 billion in November, reaching a total of $33.878 trillion. This represents a significant year-on-year increase of $2.46 trillion.
In an interview with Fox Business, Robert Kiyosaki, author of Rich Dad Poor Dad, expresses concern about America’s growing debt and its consequences. He believes that the country’s habit of printing more money has weakened its financial foundation and puts it in serious trouble.
Kiyosaki argues that cash has lost its value due to excessive printing and expects this trend to continue. He sees inflation and incompetence as persistent issues and predicts that the government will continue printing money to pay off the debt. As a result, he suggests investing in assets like gold and Bitcoin as hedges against currency devaluation.
Hot Take: America’s Debt Crisis Calls for Urgent Action
Robert Kiyosaki’s warning about America’s mounting debt highlights the urgent need for action. The country’s excessive borrowing and reliance on printing money have put it at risk of financial collapse. With no signs of the government stopping its money-printing practices, Kiyosaki advises investing in assets like gold and Bitcoin to protect against the devaluation of cash. It is crucial for policymakers to address the root causes of this debt crisis and find sustainable solutions before it spirals out of control. Failure to do so could have severe consequences for the nation’s economy and financial stability.
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