What happens when cities across the country, or the world for that matter, can no longer collect taxes from its taxpayers? In major cities like New York and Vancouver, the taxes the city is able to collect is dwindling as many companies and individuals are struggling financially in the wake of the coronavirus.

In Robert Kiyosaki’s latest quarantine update, he explains this tweet:

“NEW YORK CITY GOING BROKE. All cities count on INCOME TAX, SALES TAX & REAL ESTATE TAXES, especially COMMERCIAL RE. Add pension contributions for teachers, firefighters & police. USA GOING BROKE. FED PRINTING FAKE $ cannot SAVE YOU. Get gold, silver, bitcoin, and SAVE YOURSELF.”

Watch to find out what Robert says is the reason he recommends buying gold, silver, and bitcoin rather than holding onto dollars.

#robertkiyosaki #richdadpoordad #quarantineupdates

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