Robert Kiyosaki, renowned for his continuous warnings about an impending financial crisis, shares insights on investments most vulnerable during a crash.
On December 11, via X (formerly Twitter), Kiyosaki issued a stark alert regarding the potential impact on numerous retirement accounts. Despite past criticism of his crisis predictions, the financial expert remained resolute.
Kiyosaki asserted that the S&P 500 would be the next financial casualty, potentially causing significant repercussions for the millions of 401(k)s and IRAs tied to this index.
Want to thank Smart Silver Stacker for laughing at me for recommending people buy and save silver since 2010. It’s not easy being Paul Revere or Chicken Little warning people the US Government is stealing our wealth vis our money. Yet laugh all you want. It’s still not too late.…
— Robert Kiyosaki (@theRealKiyosaki) December 11, 2023
“People continue to mock my 1997 predictions. Stay tuned for my forthcoming warning: the S&P is the next concern, with potential consequences for countless 401(k)s and IRAs. Be cautious,” he cautioned.
Highlighting the critical nature of the situation, Kiyosaki emphasized that the U.S. banking system is on the verge of financial instability. He strongly encouraged individuals to take immediate action by diversifying their investments into assets like gold, silver, and Bitcoin (BTC) as a safeguard for their wealth.
Ridicule of past predictions
The financial expert, Robert Kiyosaki, drew comparisons to his past predictions, notably recalling his appearance on television in 2008 when he accurately forecasted the Lehman Brothers crash before it unfolded. Kiyosaki recounted how his warnings had been met with laughter, only for them to turn into reality.
He stated, “If you can find me on Wolf Blitzer’s program on CNN, I am on Wolf’s program calling for the crash of Lehman Brothers in 2008 before it crashed. Wolf laughed at that. In 2023, I am on Neil Cavuto’s show on Fox Business calling for the crash of banking giant Credit Suisse, which indeed happened, and also mentioning the possibility of UBS (United Bank of Switzerland) potentially facing a similar fate next,”
Kiyosaki added.
Furthermore, reflecting on his 1997 book, “Rich Dad Poor Dad,” Kiyosaki reminded the public of his accurate predictions, including the statements “Savers are losers” and “Your home is not an asset,” both of which materialized during the 2008 financial crisis.
Amidst his persistent alerts about looming financial challenges, Kiyosaki has advocated for asset diversification and protection, consistently favoring Bitcoin, gold, and silver.
Potential Great Depression incoming
Robert Kiyosaki has raised concerns about the looming possibility of another Great Depression. He highlights the importance of acquiring assets like gold, silver, and Bitcoin as a robust defense against a potential economic collapse, urging investors to give serious consideration to these options.
Furthermore, Kiyosaki remains skeptical of the U.S. dollar, describing it as ‘fake.’ Instead, he continues to advocate for investments in tangible, real assets as a more secure and prudent strategy.