Robert Kiyosaki, author of the best-selling book “Rich Dad, Poor Dad,” has continued to sound the alarm about a coming economic collapse and has provided advice on which investment items would be particularly hit hard in such a disaster.
On December 11, Kiyosaki issued a stern warning on X (formerly Twitter) about what may happen to millions of retirement assets. The financial educator issued this warning after admitting that his earlier forecasts of impending financial disasters had been widely mocked.
In spite of his previous doubts, Kiyosaki continued to claim that the S&P 500 would be the next financial victim, which would cause problems for the millions of 401(k) and IRA accounts that were connected to the index.
“Those anticipates from 1997 are still making people chuckle. Be alert for my subsequent caution. Following that, the S&P will toast millions of IRAs and 401(k)s. Be careful,” he cautioned.
He stressed how serious the situation is, saying that the American financial system is about to collapse, and he recommended people diversify their wealth by investing in assets like Bitcoin (BTC), silver, and gold.
Drawing on his 2008 televised appearance, in which he predicted the Lehman Brothers disaster before it happened, the financial expert drew connections to his earlier forecasts. Kiyosaki related the story of how his warnings were mocked before they came true.
“You can hear me predicting the 2008 collapse of Lehmann Brothers on CNN’s Wolf Blitzer’s show just before the firm went down. Wolf found it amusing. I predicted the collapse of Credit Suisse in 2023 and appeared on Neil Cavuto’s Fox Business show, predicting that it would happen. I also predicted that UBS, the United Bank of Switzerland, could collapse next,” Kiyosaki continued.
Consistently promoting Bitcoin, gold, and silver, Kiyosaki has pushed for asset diversification and protection in the face of his continuous warnings about impending financial troubles.
Kiyosaki has warned of a possible new Great Depression, according to Finbold’s post. He has demanded that investors give serious consideration to purchasing gold, silver, and Bitcoin, stating that these assets provide the most effective defense against a potential collapse.
Meanwhile, Kiyosaki says the US currency is false and continues to be skeptical of it. As a more foolproof method, he insists on investing in tangible assets.
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