Rich Dad Poor Dad author Robert Kiyosaki predicts new financial crash, says fiat money unsafe, student debt could collapse
Author Robert Kiyosaki has warned of a global financial crisis, pointing to unresolved economic issues and student debt. He urges saving gold, silver, and Bitcoin instead of relying on fiat currency or ETFs, and says individuals should prepare independently.
Bestselling author Robert Kiyosaki has raised concerns over a looming global financial crisis, stating that underlying economic problems continue to be ignored. In a recent post on X (formerly Twitter), the Rich Dad Poor Dad author said each crisis has grown larger because the root causes have not been addressed. He referred to past bailouts, such as the 1998 rescue of hedge fund LTCM by Wall Street and the 2008 financial support extended to Wall Street by central banks, and questioned the future of such interventions.
Concerns over student debt and historical roots
Kiyosaki suggested that the origin of today¡¯s financial instability can be traced back to 1971, when the U.S. dollar was removed from the gold standard by then-President Richard Nixon. He echoed concerns voiced by economist Jim Rickards, indicating that the $1.6 trillion student loan debt market could be the trigger for the next major collapse. ¡°In 2025, my long-time friend Jim Rickards is asking: who is going to bail out the central banks?¡± Kiyosaki posted.
In 1998 Wall Street got together and bailed out a hedge fund LTCM: Long Term Capital Management.
¡ª Robert Kiyosaki (@theRealKiyosaki) May 18, 2025
In 2008 the Cental Banks got together to bail out Wall Street.
In 2025, long time friend, Jim Rickards is asking who is going to bail out the Central Banks?
In other words each¡
Fiat currency called unsafe for savings
Reinforcing a position he has held for decades, Kiyosaki criticised traditional savings methods. He stated that relying on what he called ¡°fake fiat money¡± is no longer a secure financial strategy. ¡°As I stated over 25 years ago, in Rich Dad Poor Dad, the rich don¡¯t work for money and savers are losers,¡± he wrote, warning that saving in conventional currency could put individuals at risk during economic downturns.
Save in Gold, Silver, and Bitcoin
Rather than depending on governments or financial institutions during a crisis, Kiyosaki advised people to act independently. He recommended saving real assets such as gold, silver, and Bitcoin ¡ª not exchange-traded funds (ETFs). ¡°You bail you and your family out by saving real gold, silver, and Bitcoin. No ETFs,¡± he said. Kiyosaki ended his message with a reference to his 2012 book Rich Dad¡¯s Prophecy, stating that the crash he had predicted has already started. ¡°Please take care. Bail yourself out,¡± he warned.
Nancy Jaiswal is a journalist who started her career in reporting and has covered both hard and soft news. From serious city news developments to lighthearted lifestyle pieces, she has written on almost everything hapenning in India (except maybe alien invasions¡ªyet!). For her, writing isn¡¯t just work; it¡¯s a passion, an obsession, and sometimes the reason she forgets to reply to texts.
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