In a recent episode of “The Rich Dad Radio Show,” financial educator and author Robert Kiyosaki expressed grave concerns about the United States financial health.
“America is now bankrupt,” he said. “And the question I want to answer today is how [come] America, at one time reportedly the richest country in the world, is now bankrupt?”
While the U.S. hasnt legally declared bankruptcy, Kiyosaki’s point underscores the nations worsening debt crisis.
As of Nov. 24, the U.S. national debt had reached $33.8 trillion. Guest speaker Jim Clark, CEO of Republic Monetary Exchange, highlighted that actual liabilities, including entitlements, could be as high as $200 trillion.
Fiscal 2023 saw interest payments on this debt rise to $659 billi…
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