Robert Kiyosaki warns cash loses appeal as US debt tops $40 trillion

Robert Kiyosaki renewed his warning that holding too much cash could hurt investors after total US public debt surpassed $40 trillion for the first time. Treasury data showed debt outstanding reached $40.047 trillion on Aug. 18, up from $39.987 trillion a day earlier, including about $32.27 trillion held by the public and roughly $7.78 trillion in intragovernmental holdings. Kiyosaki also criticized the Treasury's plan to at least double certain long-dated bond buybacks to at least $4 billion per operation from Sept. 9, calling it another form of quantitative easing (central-bank asset purchases) and accusing policymakers of "printing more fake $." Treasury says the operations are intended to improve liquidity in less-traded government bonds, while quantitative easing is conducted by the Federal Reserve and generally expands its balance sheet. The Congressional Budget Office expects net federal interest costs to exceed $1 trillion in fiscal 2026 and reach $2.1 trillion by 2036, while debt held by the public is projected to rise from 101% of GDP this year to 120% by 2036. Kiyosaki favors scarce or income-producing assets, including gold, silver, Bitcoin and selected real estate. He called silver his "best choice" for August 2026 and cited Jim Rickards' forecasts of $200 silver and $10,000 gold. On Aug. 27, spot gold traded around $4,619 an ounce, silver near $68.88 and Bitcoin close to $78,600, according to the report, which also cited CoinCodex for Bitcoin's six-month price action.

本网站上的信息是使用AI生成的,我们无法保证其准确性。 请仅作为参考信息使用。