After international rating agency Moody's downgraded the US sovereign credit rating last week, the Trump administration has been trying to downplay its impact.
However, Robert Kiyosaki, author of the best-selling financial book "Rich Dad Poor Dad," did not hold back in publicly expressing his doubts about the safety of US bonds.
He believes that the claim made by financial planners that "US debt is safe" is nothing but a huge lie, and only fools would believe such nonsense!
In a post on social media X, Kiyosaki harshly criticized financial planners for lying to their clients over the years by promoting the idea that "US debt is safe." He described it as a "Big F’n Lie" (huge lie) and stated that only "idiots would believe it."
Kiyosaki emphasized that there is no such thing as absolute safety as long as there is "counterparty risk" (the risk that one party will not fulfill their obligations). To illustrate this, he gave an example: if a convicted pedophile's parole officer tells you "he has completed his sentence," would you feel comfortable letting him take care of your child?
Kiyosaki further pointed out that since the United States abandoned the gold standard in 1971, the Federal Reserve (Fed) and the US Treasury have continued to print false fiat currency, which is US Treasury debt, to cover up what they call the "swamp" interest structure. This is the truth that Trump and Musk are attempting to expose through DOGE (Department of Government Efficiency).
Kiyosaki stated that if your financial planner has fed you the "lie" that "US debt is safe," you should fire them or sue them for incompetence and stupidity.
Kiyosaki reiterated that gold, silver, and Bitcoin are the real currencies. He quoted the famous saying of J.P. Morgan's founder, "Gold is money... everything else is toilet paper," and also claimed that ETFs are just more expensive toilet paper.
Kiyosaki added that when Moody's downgraded the rating of America's "toilet paper," he felt very relieved. He mentioned that central banks around the world are selling US Treasuries and buying gold because no one wants to buy more American "toilet paper" anymore. He emphasized that America is really in big trouble and urged investors to be cautious.
Disclaimer: The content of this article represents expert opinions and is not any investment advice or reference. Investors should make independent judgments, carefully assess risks, and bear profits and losses on their own.
Original Source: https://www.toutiao.com/article/7507084670422385164/
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