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Reading: Robert Kiyosaki: California is ‘going broke’, and more states will follow. He urges people to accumulate Bitcoin
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Investor's Crypto Daily > Blog > Headlines > Cryptocurrency News > Robert Kiyosaki: California is ‘going broke’, and more states will follow. He urges people to accumulate Bitcoin
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Robert Kiyosaki: California is ‘going broke’, and more states will follow. He urges people to accumulate Bitcoin

Last updated: July 31, 2024 3:21 pm
By Troy Nilock 3 Min Read
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Robert Kiyosaki, the author of Rich Dad Poor Dad, warns that California is in a bad fiscal position and that many other states may soon be facing similar problems.

Kiyosaki told his 2.6 Million followers via the social media platform X, that California’s worsening economy could lead to devastating service reductions.


California is an indicator state. What happens in California affects the entire US. California’s financial problems are the problem. California is going to start raising taxes, and cutting subsides to poor people, prisons, the environment, and teacher unions. This will lead to an increase in crime as the police are cut. Which states will be next, since California is the bellwether and has gone bankrupt? It’s time to move. “I moved.” “Take care”

He believes that Bitcoin (BTC) along with gold, silver and other precious metals is the best way to protect against an economic collapse in the US and the devaluation of the dollar caused by printing money or counterfeiting currency.


In 1971, Nixon removed the dollar from the gold standard. The US Treasury and Federal Reserve Bank then began to counterfeit money. Due to the fact that our schools do not teach anything about taxes or money, 90% of people work and save for counterfeit currency, also known as fiat. fiat, a.k.a. Fake money The gap between the rich and the poor is growing because of people working for “fake” money. Do not be a loser. Don’t work for a phony income and stop saving it.


Recenty, I attended the Bitcoin conference with President Donald Trump. We have co-authored two books together. Former President Trump, being the brilliant financial man that he is, endorsed bitcoin and silver as “smart currency ‘…” It’s not about being stupid financially. Save gold, bitcoin and silver .”

Bitcoin has fallen slightly over the past 24 hours, trading at $66,036.

Join us at X@InvCryptoDaily to never miss a beat.



Sources of Images: Pixabay Creative Commons DALLE3

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