Summary
Robert Kiyosaki is cautioning a bigger economic meltdown than during the 30s slide.
He mentions escalating credit cards and national debt, growing unemployment and sliding values of 401k accounts
New trade policies and tariffs put in place by Trump are speeding up economic deterioration
Kiyosaki advises financial lifelines to be gold, silver, and bitcoin
He is forecasting that Bitcoin will be $1M in 2035, gold at $3,000 and silver at 30k
Mental psychosis is taking its toll.
One hundred and twenty four character posting on X by author of Rich Dad Poor Dad Robert Kiyosaki rang another alarming bell on the economic future of America. The financial guru identified several factors indicating that a financial meltdown that is much severe than the Great Depression might have been just round the corner.
The national debt and the credit card debt both recently achieved all time highs; as retirement vehicles such as 401k accounts were becoming more devalued. Pensions which are supposed to provide peace of mind are getting on ever-thinner legs endangering millions of Americans.
Kiyosaki added that the financial system is beginning to collapse already citing similarites to the events before the Depression. Economic historians are observing similar trends, increasing tariffs followed by declining trade in the same way it happened in 1929 that led to an economic catastrophe.
The increase in the pace of the decline is promoted by the Trump policies.
Kiyosaki was not afraid to associate what is happening and the current policy makers in creating the bad situation. Imposed new tariffs by the administration of Donald Trump are further pulling business sentiment down and generating more economic headwinds even at the time when stability is already delicate.
The two factors weak dollar value and protectionist trade policy form a dangerous economic environment as per Kiyosaki. These elements increase weaknesses of the American economy that are already in existence.
Touching on the Asset Trifecta: gold, silver and Bitcoin
Nevertheless, even despite those alarming predictions, Kiyosaki does not sound completely negative. He recommends three major modes of wealth preservation; gold, silver and the bitcoin to those who are ready to take some action.
His forecasts are highly positive to these alternative investments and Bitcoin might touch the billion-dollar mark by 2035, with gold and silver expected to touch 3,000 and 30,000 respectively. To the right people, the next economic change is not only one big crisis but also a golden opportunity never before in a lifetime.
Getting out of the Hesitation Cycle
Kiyosaki boils his message to the basics of attitude and action. He feels that through financial education and timely implementation, he can distinguish between the people who are going to be at the mercies of the economic situation and the people who are going to be successful in the new economic situation.
Responses such as, I will try or I will wait is risky in such a period and he cautioned, delay is always the killer of financial security.
To Kiyosaki, economic inflection point that we are about to face requires urgent preparation. Whether or not financial conditions are going to worsen, is not a question, but who is going to be in a position of withstanding and possibly gaining, in the prospective storm.