American businessman Robert Kiyosaki recently warned that America could suffer a fate similar to the Roman Empire if it does not quickly change its financial course. The author, known for his bestseller “Rich Dad Poor Dad,” points out numerous parallels between the two superpowers. He also emphasizes the need for investors to guard against possible economic instability and the role of cryptocurrencies in it.
Economic unrest in the United States
The Roman Empire, which once dominated the world with its unparalleled power and wealth, finally collapsed. It all had to do with a combination of internal divisions, excessive military spending and economic decline. Kiyosaki warns that America faces the same pitfalls: a growing debt burden, political divisions and an excessive focus on military intervention abroad.
“America’s debt is the highest in world history, a debt America can never repay. The Roman Empire ended the same way, with huge gladiatorial games entertaining the wealthy Romans while their bankers devalued their currency to pay soldiers and bills,” Kiyosaki proclaims in one X contribution (formerly Twitter).
One of the key points Kiyosaki highlights is the importance of owning valuable assets. By this the entrepreneur means, among other things, real estate, precious metals and crypto as protection against economic unrest. He therefore encourages investors to invest in assets that retain their value even in times of inflation and political unrest. Its biggest concern is its reliance on fiat currencies, which can be devalued through excessive money creation.
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 that America can never repay. The Roman Empire ended the same way, with giant gladiators entertaining chubby Romans while their…
— Robert Kiyosaki (@theRealKiyosaki) February 10, 2024
Bitcoin as part of the solution
The rise of cryptocurrencies is often seen as an alternative to traditional currencies and a way to promote financial autonomy. Crypto could thus play a role in protecting assets and promoting financial inclusion. Kiyosaki also recognizes this. According to him, gold, silver and Bitcoin (BTC) would definitely be preferred. These investment opportunities provide protection against economic uncertainty and currency devaluation, the author said.
This is not a surprising statement as Kiyosaki believes that the other markets are on the verge of collapse. “Idiots actually believe the economy is strong. “Don’t be misled,” he continues. “The Magnificent 7, financed with money from the US government, keeps the stock market running. Please be careful. “The stock and bond markets are about to crash,” explains Kiyosaki. By the Magnificent 7, Kiyosaki refers to a select group of companies supported by the American government. This way they would keep the stock market high.
Despite it all, the 76-year-old motivational speaker remains lyrical about crypto and Bitcoin. His well-known statements such as “Buy Bitcoin if you want to survive” remain convincing. This includes his price prediction of $135,000, combined with the long-term view of crypto in the current financial system.