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Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: sirty143 on January 15, 2024, 01:35:15 PM

Title: Robert Kiyosaki Raises Alarm on Ballooning National Debt — Urges Investors to Bu
Post by: sirty143 on January 15, 2024, 01:35:15 PM
Robert Kiyosaki Raises Alarm on Ballooning National Debt — Urges Investors to Buy Bitcoin

(https://i.imgur.com/RxRlFwym.jpg)

Rich Dad Poor Dad author Robert Kiyosaki has expressed concerns about the rapid rise in the U.S. national debt, which ballooned by a trillion dollars over a short period. The famous author then urged investors to buy bitcoin... See more for yourself here (https://news.bitcoin.com/robert-kiyosaki-raises-alarm-on-ballooning-national-debt-urges-investors-to-buy-bitcoin/).

Your opinion is greatly appreciated.
Title: Re: Robert Kiyosaki Raises Alarm on Ballooning National Debt — Urges Investors to Bu
Post by: Husires on January 15, 2024, 04:03:31 PM
Robert Kiyosaki has had negative opinions about the economy and the United States since 2019. Some of his negative opinions have come true, such as that we will see inflation in the United States at 10%, but his view of the economy is very pessimistic and could make you sell all your dollars in exchange for buying gold, silver, and Bitcoin.

The rapid increase in U.S. national debt is because the United States does not bear this debt, but rather all countries of the world bear it, and there is no other currency with the same value as the dollar. No matter how deteriorated the value of the dollar is, it will remain the number one currency for reserves, and the United States has begun to pay the bills for many wars and military buildup in Ukraine , Middle East, Taiwan, South America, and it is trying to contain China’s technological progress by paying trillions to localize industries in the United States,  it will not stop borrowing and printing dollars.
Title: Re: Robert Kiyosaki Raises Alarm on Ballooning National Debt — Urges Investors to Bu
Post by: yhiaali3 on January 16, 2024, 06:17:42 PM
Quote from: Husires on January 15, 2024, 04:03:31 PM
but his view of the economy is very pessimistic and could make you sell all your dollars in exchange for buying gold, silver, and Bitcoin.
I do not think that the man is pessimistic, but he is talking about facts and figures that exist on the ground. Every day we see the decline in the value of the dollar and other paper currencies while people run towards precious metals and also Bitcoin, which has been proven to be a store of value in the long term.

The American economy is based on debt. For example, when the US Treasury needs additional funds to cover the huge budget deficit, it issues government bonds and sells them. What is funny is that the Federal Reserve Bank buys a large portion of these debt securities and then prints dollars to pay off these debts. What's all this madness?
Title: Re: Robert Kiyosaki Raises Alarm on Ballooning National Debt — Urges Investors to Bu
Post by: famososMuertos on January 17, 2024, 05:54:10 PM
I believe that RK is attempting to maintain his status as a consultant. So, rather, he serves as a mediator between individuals who are unfamiliar with the cryptocurrency landscape and may be interested in the opinions expressed by the author in favor of bitcoin.

What I criticize him in a certain way is that he is not consistent, well, in a certain way he is, because he comes with that "speech" of buying bitcoin for a while, but he is one of those who knows something when the moment calls for it, He is not a guy who finds himself in constant disclosure, and that makes me define him as an opportunist.

That does not take away the merit of having influence,but he comes after with a book, an associated project, with this I say that many of those who give their opinion sometimes have interests involved.