Renowned “Rich Dad Poor Dad” writer Robert Kiyosaki recently expressed concerns about the potential negative impact of governmental decisions on the American economy, foreseeing a possible economic downturn and conflict. He continues to advocate for investing in bitcoin, especially in light of the growing expectations surrounding the U.S. Securities and Exchange Commission’s (SEC) potential approval of spot bitcoin exchange-traded funds (ETFs).
Robert Kiyosaki on Depression and War
Robert Kiyosaki, famed for co-authoring the 1997 bestseller “Rich Dad Poor Dad” with Sharon Lechter, recently voiced concerns about the potential of leadership decisions leading to an economic depression and warfare. The book, renowned for its financial guidance, has been a New York Times Best Seller for over six years and has sold over 32 million copies globally, translated into more than 51 languages and available in over 109 countries.
On a recent Saturday post on social media platform X, Robert Kiyosaki shared his insights, quoting a well-known saying, “The definition of insanity is repeating the same actions and expecting different results.” He critically referred to key figures in the current administration: President Biden, Treasury Secretary Yellen, and Fed Chairman Powell, as “doing us a favor.” Kiyosaki then issued a stark warning about the economic and geopolitical future:
“They will drive us into Depression and War. Don’t be the fourth Stooge. Invest in gold, silver, and bitcoin. It’s time to become wiser and increase your wealth.”
Robert Kiyosaki, celebrated for his financial guidance, has frequently voiced his concerns about looming economic difficulties. In December 2023, he alerted to the possibility of the next financial downturn evolving into a full-blown depression. His warnings extended to a massive market crash, impending war, and challenging times for countless individuals. Kiyosaki has been vocal about the risk of hyperinflation and consistently points to bitcoin as a viable defense against these economic threats.
A long-time advocate for alternative investments, Kiyosaki has consistently recommended acquiring assets like gold, silver, and bitcoin. He has been particularly bullish on bitcoin exchange-traded funds (ETFs), which he believes could soon receive approval from the Securities and Exchange Commission (SEC). In November of the previous year, Kiyosaki emphasized the urgency of investing in BTC, citing its potential for providing lasting financial security and freedom. He projected that bitcoin’s value could soar to $135,000 and eventually become invaluable, especially in the context of the Federal Reserve introducing a central bank digital currency (CBDC).
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