FX168 Financial News Agency (Asia Pacific) reports that Robert Kiyosaki, the author of the bestselling personal finance book "Rich Dad Poor Dad," has a long history of predicting potential economic collapses. This famous investor has once again intensified his pessimistic outlook, warning in his latest update that a "huge market crash" may have already begun.
(Screenshot source: Finbold)
In the context of an economic downturn, this financial educator expresses skepticism about the current fiscal management practices.
In a post on X on January 4, Kiyosaki criticized the Federal Reserve, Treasury, Banks, and Wall Street for their excessive reliance on printing money, believing this has exacerbated economic instability.
Kiyosaki believes that inflation caused by fiat currency disproportionately benefits wealthy individuals with tangible Assets while eroding the purchasing power of the poor and middle class. He emphasizes that inflation and taxes continue to widen the wealth gap.
As a hedge against economic turmoil, this investor reiterates his support for investing in Gold, Silver, and Bitcoin. He urges individuals to prioritize hard Assets over Cash / Money Market savings to better navigate current economic challenges.
Kiyosaki wrote: "The huge market crash is coming. When 'fake money' is printed, those who own real Assets will become richer... while the poor and middle class become poorer due to inflation and taxes. Let inflation make you richer, not poorer. Hold Gold, Silver, and Bitcoin. Be careful. The crash has already begun."
Kiyosaki has long criticized fiat currency and government monetary policy, and his latest warning is consistent with his previous predictions. Notably, as reported by Finbold on December 13, Kiyosaki warned that a Global market crash has already started. At that time, he advised investors to sell Real Estate when prices are high and reallocate funds into hard Assets like Gold, Silver, and Bitcoin.
He also warns against relying on traditional retirement accounts such as 401(k) and Individual Retirement Accounts (IRA), advocating instead for diversifying investments in Cryptos, Precious Metals, and alternative investments.
At the time of this warning from Kiyosaki, the Federal Reserve adopted a hawkish stance on the economic outlook for 2025. The policy statement released last December triggered a negative reaction in the stock market, with many Stocks declining.
However, critics emphasize that Kiyosaki has made sensational market predictions, some of which have not materialized. His past record has led to skepticism and mockery from some who believe his forecasts are overly dramatic.
(Screenshot source: Finbold)
Kiyosaki's warning about excessive inflation seems somewhat exaggerated, as the Federal Reserve is still struggling to control inflation while maintaining a target of over 2%.
Despite ongoing economic uncertainty, post-crisis banking regulations have strengthened Financial Institutions, reducing the risk of systemic collapse.
