Robert Kiyosaki, the “Rich Dad Poor Dad” writer, has said that the “biggest stock market crash” he predicted in his 2014 e-book “Rich Dad’s Prophecy” has now arrived.
In a current X tweet, the monetary guru highlighted what he sees as a elementary vulnerability in fashionable retirement programs. Kiyosaki contrasted at the moment’s Outlined Contribution (DC) pension plans like 401(okay)s and IRAs with the safer Outlined Profit (DB) plans of earlier generations.
“In a market crash… a DB pension plan must pay as promised to the investor. In a market crash… a DC pension plan is only required to pay what the investor has contributed… only if anything is left after a market crash,” Kiyosaki defined.
The monetary educator attributed this vulnerability to failures within the academic system, which he believes lacks “credible financial education. He characterized the current monetary system as a “corrupt and criminal monetary Ponzi Scheme.”
Kiyosaki: Purchase gold, silver and Bitcoin
Kiyosaki’s answer focuses on bodily asset possession. He particularly urged traders to “take possession of real gold, silver, and Bitcoin.”
Kiyosaki additionally suggested in opposition to ETF investments in these property, contemplating them “as fake as the US dollar and US bonds.”
His bullish stance on Bitcoin (BTC) has intensified with the Trump administration’s cryptocurrency initiatives. In earlier tweets, Kiyosaki emphasised the significance of Trump’s Bitcoin Strategic Reserve proposal and says it exemplifies management.
It’s value noting that many leaders within the cryptocurrency sector, together with Solana (SOL) co-founder Anatoly Yakovenko, are skeptical of a reserve.
Kiyosaki has been notably vital of those that jettisoned Bitcoin throughout current market volatility.
“People who sold BITCOIN in the last crash are LOSERS,” he said bluntly.
