Robert Kiyosaki warns about the impact of spending cuts

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Robert Kiyosaki predicts that millions of people may lose their jobs due to government spending cuts, while continuing to support investments in gold, silver, and Bitcoin.

Robert Kiyosaki, author of the bestselling book Rich Dad Poor Dad, expressed his views on recent political and economic instability in the United States through a controversial but metaphorical post. His book has become a global phenomenon in the field of financial education and personal financial independence, translated into dozens of languages and widely published worldwide.

Robert Kiyosaki Predicts Economic Devastation as Trump and Musk "Drain the Swamp"

On April 6, Kiyosaki posted on the social media platform X: "Today, there is a new horror movie called DOGE Chainsaw Massacre by President Trump and Elon Musk."

The famous author added: "I am very sympathetic to the millions of people losing their jobs... but something needs to be done... and Trump and Musk are doing that."

With an urgent and skeptical tone, Kiyosaki acknowledges that the economy is causing great pain to people, but he believes that deep system cuts are necessary. He quotes billionaire Warren Buffett: "Even Warren Buffett is impressed, simply saying 'it must be done'." Kiyosaki cites another commentator: "Chemotherapy is more painful than cancer."

The Department of Government Efficiency (DOGE), led by Elon Musk, has implemented a series of federal spending cuts, targeting budget reductions of up to 2 trillion USD. These measures include large-scale layoffs and elimination of numerous programs, creating mixed reactions among civil servants and the public.

Looking at the state of government and institutions, Kiyosaki reiterates his stance: "Although I feel the pain of those losing their jobs... I agree that something must be done. The swamp is full of corrupt officials... and needs to be drained."

The author poses a key question: "My question is: Are these cuts enough? Can Trump and Musk save the dying US dollar? I don't know. Only time will tell."

As usual, Kiyosaki concludes with a warning and personal strategy: "In case the cuts cannot save the rotten and about-to-collapse monetary system... I will continue to build my own standard based on gold, silver, and Bitcoin."

He emphasizes: "I will continue to buy gold, silver, and Bitcoin because I do not trust the 'creatures hiding in the swamp'."

Kiyosaki has long promoted Bitcoin as "people's money" and continuously warned about the risks of relying on fiat currencies like the USD – which he believes is losing value due to irresponsible fiscal policies. His repeated warnings reflect his belief that hard assets – especially gold, silver, and Bitcoin – are the safest path in a situation he sees as the financial system being on the brink of collapse.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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