"The richest country in the world is bankrupt!"

"The richest country in the world is bankrupt," says personal finance author Robert Kiyosaki, adding that the US is now unable to pay even the interest on its debts and giving tips on how investors can protect themselves from a possible catastrophic scenario.

Robert Kiyosaki, author of the personal finance book 'Rich Dad Poor Dad' and financial educator, expresses serious concerns about the financial health of the United States on the 'Rich Dad Radio Show'. "America is now bankrupt," Kiyosaki said, adding, "The question I want to answer is how the United States, once said to be the richest country in the world, is now bankrupt."

Is the US bankrupt? Although the US has not legally declared bankruptcy, Kiyosaki's view underscores the country's worsening debt crisis, Benzinga's Kevin Vandenboss reports. As of November 24, the US national debt has reached $33.8 trillion. Guest speaker Jim Clark, CEO of the Republic Monetary Exchange, emphasized that actual liabilities, including dividends from previous fiscal years, could be as high as $200 trillion.

In fiscal 2023, interest payments on this debt rose to $659 billion. This is almost double the amount in fiscal 2020, up 39 percent from the previous year. So how does the famous author Kiyosaki protect his wealth? A strong believer in physical assets, Kiyosaki has two favorite investment vehicles.

Gold and silver Kiyosaki believes that America's financial woes began with the abandonment of the gold standard in 1971 and advocates investing in gold and silver. He sees precious metals as a hedge against inflation and currency devaluation. The growing industrial demand for silver and the fact that gold and silver prices are low compared to historical highs make them particularly attractive to Kiyosaki. Kiyosaki also emphasizes that, unlike many other investment instruments, physical gold and silver do not carry counterparty risk.

Real Estate Beyond precious metals, Kiyosaki is also a big proponent of real estate investment. Kiyosaki, who recently claimed to own 15,000 homes, says he uses it as an effective hedge against inflation.

Historical data from the Federal Reserve Bank of St. Louis shows that the consumer price index has risen 896 percent since 1963, while the average selling price of homes has increased by 2,353.93 percent and rent by 892 percent. This shows that real estate can not only keep pace with inflation, but also outpace it.

Kiyosaki's strategy is in line with the opportunities available to average investors through fractional real estate investment. This approach allows individuals to invest as little as US$100 in shares of income-producing properties, allowing them to benefit from rental income and long-term appreciation without the traditional barriers of high costs and credit requirements.