Robert Kiyosaki Warning for America: ‘Serious Trouble’ Over Heavy Borrowing

It has been just revealed the fact that Robert Kiyosaki is warning America, saying that the country is in serious trouble over the heavy borrowing that we have been seeing over the past years. Check out the latest reports about this below.

Robert Kiyosaki, the author of Rich Dad Poor Dad, has warned that America’s increasing debt could put the country in great danger.

Recent data from the U.S. Treasury reveals that the national debt rose from $33.637 trillion on November 1st to $33.878 trillion by the end of the month.

This shows an increase of $240 billion in November alone and a $2.46 trillion increase year on year.

In a recent interview with Fox Business, Kiyosaki stated that America’s tendency to print more money has been detrimental to the country’s financial foundation.

“[Cash] became trash, and so they just kept printing and printing and printing. All you have to do is look at history. Every time they printed money the empire went down, and I hate to say this because I love America, but America is in serious trouble financially because of the debt load.”

The author, who has been vocal about using precious metals and Bitcoin as hedges against currency debasement, believes that cash will continue to depreciate as he doesn’t see the US government stopping the printing of money.

“I hate to say this but inflation is here to stay. Incompetence is here to stay. They’re going to keep printing more money to pay for the debt, and unless we either cut down on entitlements or the military – which we won’t do – I would rather have gold than cash, that they can print…

“The worst part about it is our national debt. We’re bankrupt. And why don’t we say that? We just can’t keep printing more money to pay it off, and that’s really the problem, we just keep printing the money to solve our problems, when we can’t go on much longer.”