The United States is approaching disaster with its increasing national debt, according to well-known author Robert Kiyosaki.
Kiyosaki made the statement during a guest appearance in a recent episode of the “Decentralize TV” show hosted by Mike Adams and Todd Pitner on the Brighteon.com channel.
Adams kicked off the discussion with Kiyosaki by asking the author of the number one personal finance book “Rich Dad Poor Dad” about his concerns with the fiat currency and an overview of where he thinks America is standing at the moment.
Kiyosaki recalled that when former President Richard Nixon took the dollar off the gold standard in 1971 it meant the dollar become fake money, or fiat currency. (Related: Thrive Time Show: Robert Kiyosaki warns Clay Clark that the US dollar’s end is near – Brighteon.TV.)
He added that throughout history, no fiat currency has ever survived, and it has brought down the Chinese Empire, the Roman Empire and the Greek Empire.
The entrepreneur, educator and investor said since the dollar was taken off the gold standard people have seen changes around the world. He also took note that whenever the government gets into trouble, they would just start printing more money.
Kiyosaki mentioned the government recently raised the debt ceiling again and the U.S. credit rating was downgraded from AAA to AA+ by the Fitch Ratings services.
He pointed out the average American has no idea what it means because they have no financial education coming from schools which Kiyosaki said is a concern for him and the reason why he writes and speaks about the importance of financial education.
Kiyosaki added that when Treasury Secretary Janet Yellen took the ceiling cap off of the U.S. debt, America’s debt increased by $1.8 trillion in two months.
He cited that it took America 209 months after Nixon to get to $1.8 trillion in debt, but it is now being done every two months which Kiyosaki said is not sustainable.
“We’re on a collision course for disaster or we become the Weimar Republic that brought [Nazi dictator Adolf] Hitler to power, or the Chinese government when they started printing the first paper [money]… So, we’re on a collision course for disaster,” Kiyosaki said.
Kiyosaki noted that the first act President Joe Biden did when he took office was cancel the Keystone XL pipeline.
Price of oil went from $30 to $130 a barrel when Biden cut the Keystone XL pipeline
He added the moment Biden cut the Keystone XL pipeline the price of oil went from $30 to $130 a barrel and the financial author said what Biden was doing was to crush the poor and middle class and drive the American people to the verge of revolution.
Adams commented the middle class has been completely wiped out and people who have assets are now very concerned about the collapsing value of the dollar as well as the failure of the banking system. Kiyosaki said he thinks it is going to get worse with the Wall Street ‘criminals’ robbing the assets from pensions of Americans.
- Preserve your retirement with physical precious metals. Receive your free gold guide from Genesis Precious Metals to learn how.
He added that when his generation finds out they have no money the government is going to print more money which would lead to inflation going up again.
“So why would you save money? Why would you invest in stocks, bonds or mutual funds? Personally, I don’t trust anything you can print. I want hard assets,” Kiyosaki said.
Adams agreed and he said the “Decentralize TV” show recognizes the facts of gold, silver and cryptocurrency.
The founder of Brighteon.com and NaturalNews.com pointed out that crypto is an honest ledger while gold and silver have inherent intrinsic value that outlasts the fall of a civilization throughout history. He also stated these asset classes have value and Adams asked Kiyosaki why they all came to the same conclusion.
Kiyosaki replied that they are the guys who are off the grid, and he cited crypto and Bitcoin are off the grid, which is what he likes.
He added it is blockchain technology that has integrity, unlike the Federal Reserve, the Treasury, Biden and Wall Street which doesn’t have integrity.
“So, I want something you cannot print. And that’s why I like gold, silver, Bitcoin. Simple,” Kiyosaki said.
Adams stressed that people need to put their money into things that matter so that they will have a future. Kiyosaki mentioned that he doesn’t save money, but he saves silver and gold.
The financial educator added he uses debt to invest and Kiyosaki lamented that people are so indoctrinated into working, saving and investing for more paper money which makes no sense to him.
Follow Collapse.news for more news about the financial status of the U.S. dollar. Watch the video to learn more about Robert Kiyosaki’s interview in the “Decentralize TV” show. This video is from the Health Ranger Report channel on Brighteon.com.
More related articles:
- Robert Kiyosaki warns of impending DOLLAR DEMISE amid BRICS group’s gold-backed crypto plan.
- DEBT BLOWOUT: US debt has soared $1.2T since debt ceiling suspension – and the Treasury expects to add another $1.5T by year’s end.
- U.S. dollar rapidly losing world reserve currency status; China, Russia (BRICS) to replace it.
- Health Ranger Report: Gold and silver can help safeguard your assets as COLLAPSE of traditional pension systems looms.
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Five Things New “Preppers” Forget When Getting Ready for Bad Times Ahead
The preparedness community is growing faster than it has in decades. Even during peak times such as Y2K, the economic downturn of 2008, and Covid, the vast majority of Americans made sure they had plenty of toilet paper but didn’t really stockpile anything else.
Things have changed. There’s a growing anxiety in this presidential election year that has prompted more Americans to get prepared for crazy events in the future. Some of it is being driven by fearmongers, but there are valid concerns with the economy, food supply, pharmaceuticals, the energy grid, and mass rioting that have pushed average Americans into “prepper” mode.
There are degrees of preparedness. One does not have to be a full-blown “doomsday prepper” living off-grid in a secure Montana bunker in order to be ahead of the curve. In many ways, preparedness isn’t about being able to perfectly handle every conceivable situation. It’s about being less dependent on government for as long as possible. Those who have proper “preps” will not be waiting for FEMA to distribute emergency supplies to the desperate masses.
Below are five things people new to preparedness (and sometimes even those with experience) often forget as they get ready. All five are common sense notions that do not rely on doomsday in order to be useful. It may be nice to own a tank during the apocalypse but there’s not much you can do with it until things get really crazy. The recommendations below can have places in the lives of average Americans whether doomsday comes or not.
Note: The information provided by this publication or any related communications is for informational purposes only and should not be considered as financial advice. We do not provide personalized investment, financial, or legal advice.
Secured Wealth
Whether in the bank or held in a retirement account, most Americans feel that their life’s savings is relatively secure. At least they did until the last couple of years when de-banking, geopolitical turmoil, and the threat of Central Bank Digital Currencies reared their ugly heads.
It behooves Americans to diversify their holdings. If there’s a triggering event or series of events that cripple the financial systems or devalue the U.S. Dollar, wealth can evaporate quickly. To hedge against potential turmoil, many Americans are looking in two directions: Crypto and physical precious metals.
There are huge advantages to cryptocurrencies, but there are also inherent risks because “virtual” money can become challenging to spend. Add in the push by central banks and governments to regulate or even replace cryptocurrencies with their own versions they control and the risks amplify. There’s nothing wrong with cryptocurrencies today but things can change rapidly.
As for physical precious metals, many Americans pay cash to keep plenty on hand in their safe. Rolling over or transferring retirement accounts into self-directed IRAs is also a popular option, but there are caveats. It can often take weeks or even months to get the gold and silver shipped if the owner chooses to close their account. This is why Genesis Gold Group stands out. Their relationship with the depositories allows for rapid closure and shipping, often in less than 10 days from the time the account holder makes their move. This can come in handy if things appear to be heading south.
Lots of Potable Water
One of the biggest shocks that hit new preppers is understanding how much potable water they need in order to survive. Experts claim one gallon of water per person per day is necessary. Even the most conservative estimates put it at over half-a-gallon. That means that for a family of four, they’ll need around 120 gallons of water to survive for a month if the taps turn off and the stores empty out.
Being near a fresh water source, whether it’s a river, lake, or well, is a best practice among experienced preppers. It’s necessary to have a water filter as well, even if the taps are still working. Many refuse to drink tap water even when there is no emergency. Berkey was our previous favorite but they’re under attack from regulators so the Alexapure systems are solid replacements.
For those in the city or away from fresh water sources, storage is the best option. This can be challenging because proper water storage containers take up a lot of room and are difficult to move if the need arises. For “bug in” situations, having a larger container that stores hundreds or even thousands of gallons is better than stacking 1-5 gallon containers. Unfortunately, they won’t be easily transportable and they can cost a lot to install.
Water is critical. If chaos erupts and water infrastructure is compromised, having a large backup supply can be lifesaving.
Pharmaceuticals and Medical Supplies
There are multiple threats specific to the medical supply chain. With Chinese and Indian imports accounting for over 90% of pharmaceutical ingredients in the United States, deteriorating relations could make it impossible to get the medicines and antibiotics many of us need.
Stocking up many prescription medications can be hard. Doctors generally do not like to prescribe large batches of drugs even if they are shelf-stable for extended periods of time. It is a best practice to ask your doctor if they can prescribe a larger amount. Today, some are sympathetic to concerns about pharmacies running out or becoming inaccessible. Tell them your concerns. It’s worth a shot. The worst they can do is say no.
If your doctor is unwilling to help you stock up on medicines, then Jase Medical is a good alternative. Through telehealth, they can prescribe daily meds or antibiotics that are shipped to your door. As proponents of medical freedom, they empathize with those who want to have enough medical supplies on hand in case things go wrong.
Energy Sources
The vast majority of Americans are locked into the grid. This has proven to be a massive liability when the grid goes down. Unfortunately, there are no inexpensive remedies.
Those living off-grid had to either spend a lot of money or effort (or both) to get their alternative energy sources like solar set up. For those who do not want to go so far, it’s still a best practice to have backup power sources. Diesel generators and portable solar panels are the two most popular, and while they’re not inexpensive they are not out of reach of most Americans who are concerned about being without power for extended periods of time.
Natural gas is another necessity for many, but that’s far more challenging to replace. Having alternatives for heating and cooking that can be powered if gas and electric grids go down is important. Have a backup for items that require power such as manual can openers. If you’re stuck eating canned foods for a while and all you have is an electric opener, you’ll have problems.
Don’t Forget the Protein
When most think about “prepping,” they think about their food supply. More Americans are turning to gardening and homesteading as ways to produce their own food. Others are working with local farmers and ranchers to purchase directly from the sources. This is a good idea whether doomsday comes or not, but it’s particularly important if the food supply chain is broken.
Most grocery stores have about one to two weeks worth of food, as do most American households. Grocers rely heavily on truckers to receive their ongoing shipments. In a crisis, the current process can fail. It behooves Americans for multiple reasons to localize their food purchases as much as possible.
Long-term storage is another popular option. Canned foods, MREs, and freeze dried meals are selling out quickly even as prices rise. But one component that is conspicuously absent in shelf-stable food is high-quality protein. Most survival food companies offer low quality “protein buckets” or cans of meat, but they are often barely edible.
Prepper All-Naturals offers premium cuts of steak that have been cooked sous vide and freeze dried to give them a 25-year shelf life. They offer Ribeye, NY Strip, and Tenderloin among others.
Having buckets of beans and rice is a good start, but keeping a solid supply of high-quality protein isn’t just healthier. It can help a family maintain normalcy through crises.
Prepare Without Fear
With all the challenges we face as Americans today, it can be emotionally draining. Citizens are scared and there’s nothing irrational about their concerns. Being prepared and making lifestyle changes to secure necessities can go a long way toward overcoming the fears that plague us. We should hope and pray for the best but prepare for the worst. And if the worst does come, then knowing we did what we could to be ready for it will help us face those challenges with confidence.
