Rich Dad Poor Dad author Robert Kiyosaki is warning that California faces a dire fiscal situation and that other states could soon fall on hard times as well.
Kiyosaki tells his 2.6 million followers on the social media platform X that California’s worsening economic picture could bring devastating service cuts.
“California is a bellwether state. That means what happens in California happens to the rest of the US. The problem is California is going broke. California will begin raising taxes and cutting subsidies to the poor, to prisons, environmental problems and teachers unions. That means crime will spread as police will be cut. Since California is a bellwether state and is going broke, which states will follow? Is it time for you to move? I moved. Take care.”
The best-selling author believes Bitcoin (BTC), along with gold and silver, is the best hedge against a potential US economic crisis and dollar debasement caused by the printing of money, or what he calls “counterfeiting money.”
“In 1971, President Nixon took the dollar off the gold standard and the US Treasury and Federal Reserve Bank began counterfeiting money. The problem is, due to our schools not teaching anything about money or taxes 90% of the people today work for and save counterfeit, a.k.a. fiat, a.k.a. fake money. People working for ‘fake money’ is one of the primary reasons why the gap between rich and poor grows. Don’t be a loser. Stop working for and saving ‘fake money.’
Recently, President Donald Trump, with whom I have written two books with, was at the Bitcoin conference. Being the financially brilliant man he is former President Trump endorsed Bitcoin and silver as ‘smart money’… It’s about not being financially stupid. Get smarter and save gold, silver and Bitcoin.”
Bitcoin is trading for $66,036 at time of writing, down slightly in the last 24 hours.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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