Michaela
Robert Kiyosaki, the author of the bestselling book Rich Dad Poor Dad, has claimed that a stock market crash he had predicted over a decade ago has now become a reality.
In a post on X, the financial educator reiterated a prediction he made in his 2014 book Rich Dad’s Prophecy, warning of an impending stock market collapse. He believes that the anticipated crash has arrived, posing a significant threat to the financial security of millions of baby boomers worldwide.
IN Rich Dads Prophecy, published in 2014 I predicted the biggest stock market crash was still coming.
— Robert Kiyosaki (@theRealKiyosaki) March 9, 2025
Unfortunately that crash has arrived….possibly wiping out the futures of millions of baby boomers
World wide.
US Baby boomers are the first generation with a 401k and…
Kiyosaki examined the differences between modern Defined Contribution (DC) pension plans, such as 401(k)s and IRAs, and the more stable Defined Benefit (DB) plans that previous generations depended on for retirement. He argued that the shift to DC plans has introduced a fundamental weakness in today’s retirement systems.
“In a market crash… a DB pension plan must pay as promised to the investor. In a market crash… a DC pension plan is only required to pay what the investor has contributed… only if anything is left after a market crash,” he wrote.
The financial literacy advocate pointed to shortcomings in the education system as a key factor, arguing that it fails to provide “credible financial education.”
“Wall Street which counts on “stupid” investors, and a public gullible enough to believe their academic education will keep them safe in the real world of corrupt and criminal “banksters” who influence “naive” political leaders, will keep them safe in a world, if mega money… massive campaign contributions… to deceive the “financially naive” public,” Kiyosaki stated.
Kiyosaki argued that the best way to counter what he described as the “corrupt and criminal monetary Ponzi Scheme” is to invest in and directly own assets like gold, silver, and Bitcoin. He also cautioned investors about the risks associated with exchange-traded funds (ETFs).
“Do what is best for you… Yet I would never buy gold, silver, or Bitcoin ETFs,” Kiyosaki wrote. “In my opinion, ETFs are as fake as the US dollar and US bonds,” he clarified.
Kiyosaki’s support for Bitcoin has grown amid President Donald Trump’s administration’s cryptocurrency initiatives. In a previous post on X, he emphasized the significance of President Trump’s Strategic Bitcoin Reserve proposal, suggesting it reflects strong leadership. “The rest of the world’s political and business leaders will follow our LEADER… President Trump,” he stated.
President Trump signed an executive order establishing a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile, aiming to position the United States as a leader in the digital asset space. The reserve will be funded solely through Bitcoin seized from criminal and civil forfeiture cases, ensuring no taxpayer funds are used, while the Treasury Department will manage the stockpile of other confiscated cryptocurrencies. The administration describes this initiative as a step toward making the U.S. the “crypto capital of the world.”
Read More
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- Strategic Bitcoin Reserve Draws Fire: ‘Nothing New,’ Critics Say
- Bitcoin Uncertain Future: Bull Run or Risky Downturn Ahead?
Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
