2024

United

World

Bitcoin

Donald Trump

Renowned author and financial expert <a href="https://coingape.com/robert-kiyosaki-no-soft-landing-as-banks-will-fail-buy-bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Robert Kiyosaki</a> issued a stark warning regarding the state of the American empire. He underscored the growing 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 emphasize why the country was in peril.
<h2 id="robert-kiyosaki-advocates-for-bitcoin-as-a-hedge-against-massive-debt-crisis">Robert Kiyosaki Advocates For Bitcoin As A Hedge Against Massive Debt Crisis</h2>
Kiyosaki pointed out that a staggering $68 billion is expected to be wagered on the Super Bowl event next week. Moreover, he noted that such huge bets come amid the nation’s record-high debt levels, which he claims are unsustainable. Since its inception, the United States has carried debt, which surged during events like the Revolutionary War, reaching over $75 million by 1791.
Furthermore, despite occasional reductions, such as in 1835 due to land sales, the debt increased dramatically during the Civil War, reaching nearly $3 billion by 1865. Moreover, throughout the 20th century, the U.S. debt steadily grew, hitting around $22 billion after World War I.
Recent notable spikes occurred due to the Afghanistan and Iraq Wars, the 2008 Great Recession, and the COVID-19 pandemic. From fiscal year 2019 to 2021, spending surged by about 50% mainly due to COVID-19. Over the past century, federal debt skyrocketed from $403 billion in 1923 to $33.17 trillion in 2023, according to <a rel="noopener noreferrer nofollow" href="https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/" target="_blank">fiscal data</a> by the U.S. government.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 END OF THE AMERICAN EMPIRE? This week Americans will bet $68 billion on a game. At the same time America’s debt is the highest in world history, a debt America can never back. The Roman Empire ended in the same way with massive gladiators entertaining chubby Romans while their…
 — Robert Kiyosaki (@theRealKiyosaki) <a href="https://twitter.com/theRealKiyosaki/status/1756130013488038348?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 10, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Drawing parallels to history, Kiyosaki suggested that excessive focus on entertainment can distract from underlying economic issues, much like in ancient Rome. Hence, Kiyosaki noted that “history repeats if stupidity repeats” and cautioned Americans against such entertainment-based investments. Kiyosaki suggested considering alternative assets such as gold, silver, and Bitcoin as better investment options.
In addition, he recently warned against 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 noreferrer nofollow">downfall of the U.S. economy</a>. Kiyosaki advocated Bitcoin adoption and noted that the stock and bond markets might see a great fall soon. Moreover, he advised to lower trust in fiat currencies like the dollar as it could be hit by devaluation.
Also Read: <a href="https://coingape.com/robert-kiyosaki-no-soft-landing-as-banks-will-fail-buy-bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Robert Kiyosaki: Rich Dad Author’s Dire Warning on Banks Failure, Bitcoin an Only Option?</a>
<h2 id="end-of-the-american-empire">End Of The American Empire?</h2>
The United States remains a dominant global force with military superiority and control over critical sea lanes. It commands about 30% of the world’s wealth and exerts significant influence over the global financial system. However, the Afghanistan conflict greatly challenged the U.S. power projection, while tensions with Russia over Ukraine strained its global influence.
The rise of China poses a significant challenge to US dominance, leading to a shift in focus from traditional Middle East conflicts to competition with China. Despite maintaining economic centrality and military scale, the U.S. faces criticism and perceptions of decline, notably evident in its struggles to stabilize regions like Afghanistan.
Turkey and Iran have also posed a threat to the country’s global influence. Turkey and Iran’s resurgent nationalisms and India’s notable economic growth underscore shifting power dynamics. Meanwhile, the U.K.’s consistent alignment with U.S. interests highlights the depth of their alliance, regardless of political shifts.
Whilst, in the US, both the <a href="https://coingape.com/what-will-happen-to-sec-chair-gary-gensler-if-trump-enters-the-white-house/" target="_blank" rel="noopener noreferrer nofollow">Donald Trump</a> and Joe Biden administrations faced challenges in maintaining global dominance. While Trump pursued an “America First” agenda, his administration continued traditional US policies, such as the war in Yemen and tensions with Iran.
Similarly, Biden’s presidency grapples with adapting U.S. strategies amid rising challenges from China and ongoing conflicts globally. In addition, as Robert Kiyosaki highlighted, the country’s debt trap just makes everything worse with over $33 trillion in debt.
<h3 id="vladimir-putin-highlights-the-downfall-of-usd">Vladimir Putin Highlights The Downfall Of USD</h3>
On the other hand, the <a href="https://coingape.com/morgan-stanley-expects-stablecoins-to-back-usd-amid-de-dollarization-risks/" target="_blank" rel="noopener noreferrer nofollow">U.S. Dollar’s dominance</a> is under heat. Vladimir Putin, the President of Russia, criticized the U.S. dollar’s use in economic sanctions, calling it a “strategic mistake.” In an interview with Tucker Carlson, he said, “To use the dollar as a tool of foreign policy struggle is one of the biggest strategic mistakes.”
Amid severe US sanctions after Russia’s 2022 Ukraine invasion, trade halted and prompted a shift toward the Russian ruble and <a href="https://coingape.com/yuan-rallies-as-state-owned-banks-step-up-purchases/" target="_blank" rel="noopener noreferrer nofollow">Chinese yuan</a>, which replaced the dollar in international trade. Hence, Putin suggested that these sanctions harmed the U.S. economy massively, thereby highlighting a decline in the dollar’s dominance.
Also Read: <a href="https://coingape.com/7-reasons-why-bitcoin-price-can-hit-100000-in-2025/" target="_blank" rel="noopener noreferrer nofollow">7 Reasons Why Bitcoin Price Can Hit $100,000 In 2025</a>
The post <a href="https://coingape.com/end-of-the-american-empire-robert-kiyosaki-deems-bitcoin-as-savior-amid-debt-crisis/" rel="noopener noreferrer nofollow">End Of The American Empire? Robert Kiyosaki Deems Bitcoin As Savior Amid Debt Crisis</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

End Of The American Empire? Robert Kiyosaki Deems Bitcoin As Savior Amid Debt Crisis

Table of Contents

Coingape News Media

Other articles published on Feb 10, 2024

Groundbreaking Research Reveals Hidden Water Footprint of AI

BitMEX Founder Cheers Ether.fi’s Groundbreaking Billion-Dollar Milestone

24 Crypto Update, 09 Feb: Crypto market Ride High on Rally

METALSWAP RECAP: JANUARY

Celestia Altcoin Price Continues to Climb

Former Zipmex Thailand CEO Akalarp Yimwilai Charged with Fraud by Thai SEC

Join our free newsletter for daily crypto updates!