Robert Kiyosaki, the acclaimed financial author of the "Rich Dad Poor Dad" series, has once again issued a stark warning to investors worldwide. He asserts that the "biggest economic crash in world history" is imminent this year, particularly poised to wipe out the savings of the elderly and retired individuals.
Retirement Savings at Risk
Taking to social media platform X (formerly Twitter), Kiyosaki stated, "Baby boomers' retirement will be wiped out. Many will be homeless or move back in with their kids. " He claimed to have predicted this major crash in his book "Rich Dad's Prophecy," and now believes this crisis will unfold within the current year, while this statement comes amidst global economic instability and uncertainty.
Exercise Financial Intelligence
Kiyosaki has always been a vocal critic of fiat currency, famously coining the phrase "Savers are Losers. " He argues that inflation gradually erodes the value of savings, making traditional bank accounts or cash holdings a losing proposition. Instead, he advises people to invest in real assets, while he highlighted gold, silver, Bitcoin, and Ethereum as the most viable options for securing wealth. Kiyosaki specifically emphasized silver and Ethereum (ETH) as superior investments, believing they're currently undervalued and poised for significant demand growth in the near future. He noted that these assets not only hold value but also have industrial applications.
Kiyosaki urged individuals not to blindly follow advice but to understand the pros and cons of assets like silver and Ethereum for themselves, making investment decisions based on their own financial intelligence. He believes this approach fosters wealth creation. Kiyosaki concludes that regardless of when the crash occurs, real assets like gold, silver, and. Cryptocurrencies serve as true insurance amidst the current global economic climate and declining trust in banks.
