In a stark warning that echoes his prescient call on the fall of Lehman Brothers, financial expert and Rich Dad Company co-founder Robert Kiyosaki expressed grave concerns about the United States’ fiscal health during a segment on “Cavuto: Coast to Coast.”
“My heart goes out because America is a land I hold dear, yet it stands on the brink due to its staggering debt,” Kiyosaki remarked on the show. He pointed to the leadership at the helm of the nation’s financial direction, likening them to the comedic trio, the Three Stooges, for their handling of the economy.
“The country’s coffers are essentially depleted,” Kiyosaki confided to host Neil Cavuto, highlighting the sobering moment when the U.S. national debt surged past the $33 trillion mark, a first in history, igniting widespread concern about government expenditures.
Kiyosaki drew parallels with historical precedents where empires crumbled under the weight of excessive currency production. He projected that without significant reductions in social benefits or defense spending, the government’s tendency to print more money as a quick fix will persist.
“This path of creating money out of thin air is unsustainable, and there’s only so long we can tread this road,” Kiyosaki cautioned, alluding to the looming threat of enduring inflation and a general sense of incompetence at the country’s financial steering wheel.
This alarming message comes as the latest Fox News poll reveals a grim outlook among Americans regarding the economy, with a significant majority fearing the worst is yet to come. As the nation moves closer to the 2024 elections, the specter of persistent inflation looms large in the minds of the electorate, underscoring Kiyosaki’s dire prognosis that inflation isn’t a transient issue but a long-term challenge for the country.