FameEX Hot Topics | Robert Kiyosaki Issues Dire Prediction: Global Economic Downturn Looming, Soft Landing Unlikely

Robert Kiyosaki, the author behind the best-selling book "Rich Dad Poor Dad," has once again voiced his concerns regarding the U.S. economy, warning of impending investor losses due to bank failures and a looming global economic downturn. Kiyosaki, whose 1997 book co-authored with Sharon Lechter, catapulted him to fame and has been a fixture on the New York Times Best Seller List for over six years, selling more than 32 million copies worldwide in over 51 languages across 109 countries, has a long history of advising on financial preparedness.

Taking to the social media platform X, Kiyosaki expressed his analogy comparing the U.S. Navy Flight School's lessons on flying and crashing to the financial world's impending crisis. He emphasized the importance of knowing what to do with one's money in times of economic distress, stating, "Financial losers will lose money because they do not know what to do with their money as banks fail and the world economy crashes." His advice for years has been consistent: invest in gold, silver, and bitcoin as means to avoid the harsh impact of a predicted hard landing for the economy.

Kiyosaki has frequently discussed the fallibility of fiat currencies, referring to the U.S. dollar as "fake money." He contrasts this with gold and silver, which he dubs "God’s money," and bitcoin, considered "people’s money." His stance is that these assets serve as parachutes, offering a form of security amidst the crash of the "world of fake money."

In recent statements, Kiyosaki predicted imminent crashes in both the stock and bond markets. He has sounded alarms over the potential for U.S. leadership to plunge the economy into a depression and trigger another war, suggesting that the next major economic downturn could escalate into a depression.

Kiyosaki's advocacy for bitcoin, gold, and silver is rooted in his belief that these assets can protect against what he views as the theft by the Federal Reserve, the Biden administration, and Wall Street bankers. With his prediction that bitcoin could reach $150,000, he highlights the significance of the upcoming Bitcoin halving, urging investors to remain vigilant and consider these assets as critical tools for financial safety in turbulent times.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.