Robert Kiyosaki Warns Moody’s Downgrade Could Trigger 1929-Style Crash
Robert Kiyosaki, renowned author of Rich Dad Poor Dad, is sounding the alarm over the recent U.S. credit rating downgrade by Moody’s, warning it could spark a financial collapse reminiscent of the Great Depression. He believes that in a time of growing economic uncertainty, assets like Bitcoin, gold, and silver are critical safeguards against a crumbling financial system.
On May 19, Kiyosaki took to X to express concerns that the downgrade could lead to higher interest rates, pushing the U.S. into a recession. He warned that such a downturn could hit the job market, housing sector, bond market, and already weakened banks—mirroring the economic chaos of 1929.
Citing insights from economist and colleague Jim Rickards, Kiyosaki noted that a $1.6 trillion student loan bubble could be the tipping point for the next major crisis. He reaffirmed his belief that the collapse he predicted in his 2012 book Rich Dad’s Prophecy is already unfolding.
Rejecting traditional financial strategies like saving fiat money or relying on pensions, Kiyosaki urged people to pivot toward tangible assets. He advised:
“Save real gold and silver—and now, Bitcoin.”
He warned against paper assets and ETFs, emphasizing that individuals need to take responsibility for their financial futures. His message was clear:
“Protect yourself and your family by holding real gold, silver, and Bitcoin—not paper promises.”
Kiyosaki has long cautioned against the vulnerabilities of fiat currencies and sees entrepreneurship and hard assets as essential to preserving wealth during turbulent economic times.
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