Outlook Business Desk
Robert Kiyosaki, author of Rich Dad Poor Dad and a strong voice for financial education, has warned of an upcoming $1.6 trillion crisis. He blames rising debt, fiat currency issues and central bank failures, urging people to prepare by investing in gold, silver and Bitcoin.
Kiyosaki says the real crisis began in 1971 when the US dollar was delinked from gold, leading to uncontrolled printing of fiat money.
He calls fiat currency “fake money” and blames it for repeated financial disasters and loss of real value in savings.
“In 1998, Wall Street bailed out Long Term Capital Management. In 2008, the Fed and Treasury bailed out Wall Street. In 2023, who is going to bail out the Fed?” Kiyosaki warned in his X post.
Kiyosaki advises people to not wait for help and urges them to “bail yourself out” by taking personal control of their finances.
He warns that paper assets like Exchange-Traded Funds ( ETFs) won’t survive the coming crash and shouldn’t be relied on for safety.
Kiyosaki recommends gold, silver and Bitcoin as the only reliable stores of value in this unstable economy.
He insists financial literacy and investment in real assets are the only ways to protect wealth in the coming years.