Rich Dad Poor Dad author Robert Kiyosaki is sounding the alarm about California’s financial situation, claiming the state is “going broke” and that other states will likely face similar problems.
Kiyosaki, who has a large following on social media, warns that California’s economic struggles could lead to devastating cuts in public services. He believes the state’s situation is a sign of things to come for the rest of the US.
“California is a bellwether state,” he says. “What happens there happens to the rest of the country. They’re going broke, and they’ll start raising taxes and cutting services for the poor, prisons, environmental programs, and even teachers.”
Kiyosaki predicts that crime will increase as police budgets are slashed, and he encourages people to consider moving out of California.
Bitcoin as a Safe Haven
Kiyosaki believes that Bitcoin, along with gold and silver, is the best way to protect your wealth against an economic crisis and the devaluation of the US dollar. He argues that the US government has been “counterfeiting money” since taking the dollar off the gold standard in 1971.
“People are working for and saving ‘fake money,'” he says. “This is one of the main reasons why the gap between rich and poor is growing.”
Kiyosaki urges people to stop working for “fake money” and instead invest in Bitcoin, gold, and silver. He points to former President Trump’s recent endorsement of Bitcoin and silver as “smart money” as further evidence of their value.
Kiyosaki’s advice comes at a time when Bitcoin is trading at $66,036, down slightly in the past 24 hours.
Disclaimer: This information is for educational purposes only and should not be considered investment advice.
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