Page Reader AI | “The crash has arrived”: Rich Dad Poor Dad author Robert Kiyosaki doubles down on gold, silver, Bitcoin strategy

“The crash has arrived”: Rich Dad Poor Dad author Robert Kiyosaki doubles down on gold, silver, Bitcoin strategy - The Economic Times

AI Summary Hide AI Generated Summary

Kiyosaki's Crash Prediction

Robert Kiyosaki, renowned author of "Rich Dad Poor Dad," has doubled down on his prediction of a major financial crash, urging investment in gold, silver, and Bitcoin. He cites current market trends as evidence, pointing to the high demand and prices of these assets.

Concerns about the US Dollar

Kiyosaki expresses serious concerns about the stability of the US dollar, suggesting that a 'corrupt and crooked' system will wipe out savings in stocks, bonds, ETFs, and mutual funds.

Call to Action

Kiyosaki encourages his followers to question the conventional financial system and invest in tangible assets like gold, silver, and Bitcoin, anticipating they will be positioned as the "new rich" post-crash. He frames this as an alternative to traditional education which he sees as failing to prepare people for real-world financial realities.

Previous Warnings

This recent warning follows earlier statements from Kiyosaki in March 2023, where he predicted the "everything bubble" was bursting and that the impending crash would be historically significant.

Renowned author and financial educator Robert Kiyosaki, best known for his bestselling book Rich Dad Poor Dad, issued a cautionary message on social media stating that the crash (about which he talked in a previous tweet) has arrived. He urged individuals to take note of the ongoing developments in gold, silver, and Bitcoin.

In a recent tweet posted on X (formerly Twitter), Kiyosaki warned that the financial system is undergoing major turbulence and emphasized that precious metals and cryptocurrencies could play a critical role in navigating the crisis.

“PLEASE LISTEN to Gold, Silver, & Bitcoin. What are they telling you? Gold is at an all-time high, demand for silver is exploding, and Bitcoin is roaring,” Kiyosaki stated. He went on to stress that he had long warned about an impending crash in the stock and bond markets in his previous publications, such as Rich Dad’s Prophecy, Who Stole My Pension, and Fake.

Link: https://x.com/theRealKiyosaki/status/1911409050815693069

According to Kiyosaki, that giant crash has arrived. He expressed concerns about what he described as a ‘corrupt and crooked US dollar’ and claimed that savers of stocks, bonds, ETFs, and mutual funds are facing the risk of their wealth being wiped out.

Live Events

He attributed the ongoing financial instability to a sinister global banking cartel, naming central banks including the Federal Reserve, the European Central Bank, the Bank of Japan, the Bank of England, and the Bank for International Settlements.

Kiyosaki urged followers to question the current financial structure. He advised individuals to take action while there is still time, suggesting that those who acquire “real gold, silver, and Bitcoin” might emerge as the “new rich and the new leaders of the world” in the aftermath of what he described as a “premeditated disaster.”

The tweet concluded with a rhetorical challenge to conventional financial education: “Go back to college, get another degree, get deeper in debt with more student loans and learn nothing about money… much less… learn nothing about the real world of money?”

Earlier in March 2023, Kiyosaki had tweeted, "THE EVERYTHING BUBBLE is bursting. I am afraid this crash may be the biggest in history. Germany, Japan, and America have been the engines up to now. Unfortunately our incompetent leaders led us into a trap….giant crash. I wrote about this crash in my book RICH DAD’s PROPHECY. This crash is going to be bigger than the 1929 Crssh…. A crash that led to the Great Depression".

Also read: Trump says new chip tariffs coming over the next week, signals flexibility on iPhones (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)