Robert Kiyosaki, author of the best-selling book Rich Dad Poor Dad, has sounded a serious alarm about the current state of the economy. Taking to X (Twitter), Kiyosaki declared that the massive stock market crash he predicted years ago has finally arrived.
He believes this is not just another downturn but the beginning of a major recession and possibly even a full-blown depression.
Robert Kiyosaki Warns of Deepening Economic Crisis
In his post, Kiyosaki pointed out that he had issued early warnings in his book Rich Dad’s Prophecy, specifically to his generation, the Baby Boomers.
His concern stems from the fact that older investors, as he puts it, are “running out of runway” and do not have time to recover from another market crash. He believes they should no longer rely on traditional investments like stocks, bonds, or ETFs.
Wall Street vs. Real Assets
Kiyosaki has never been a fan of putting full trust in Wall Street. He has often spoken against the idea of holding only paper assets. Instead, he continues to promote the importance of owning real, tangible value in the form of gold, silver, and now, Bitcoin.
He refers to these as “real money” and insists they are better positioned to survive the inflationary storm ahead.
In his view, the ongoing drop in the value of the U.S. dollar is not only making essential items like food and housing more expensive but also exposing the fragile nature of the financial system.
Kiyosaki predicts that the Federal Reserve and the U.S. Treasury will respond by printing more money, which will only deepen inflation and weaken the dollar further.
A National Debt Crisis
Alongside his views on personal finance, Kiyosaki also highlighted his concerns about America’s financial health. He pointed out that the national debt has already crossed $36 trillion, but when including long-term obligations like Medicare and Social Security, the actual burden may exceed $230 trillion.
In his eyes, this is not sustainable, and the country’s current path could lead to deeper financial trouble.
Personal Responsibility in Tough Times
Despite the bleak outlook, Kiyosaki offers a message of empowerment. He believes individuals still have the power to prepare.
His advice is to consider saving in assets that hold real value and are less vulnerable to inflation. “Will this recession make you richer or poorer?” he asked, reminding his audience that the outcome depends on the choices they make now.
As fears of an economic slowdown grow, Kiyosaki’s words echo louder than ever. His consistent call for people to rethink their money strategy and invest in hard assets seems especially relevant in today’s climate.
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