Robert Kiyosaki warns of a possible crisis caused by U.S. student debt
- Robert Kiyosaki, author of "Rich Dad Poor Dad," recently expressed his concern on platform X about the possibility of a new financial crisis. He pointed out that in 1998, Wall Street collaborated to rescue the hedge fund LTCM, and in 2008, central banks intervened to save Wall Street. Kiyosaki believes that each crisis has become more significant, and that the root of these problems dates back to 1971, when President Nixon ended the gold standard for the U.S. dollar. He suggests that the next crisis could be triggered by the collapse of U.S. student loan debt, which amounts to $1.6 trillion.
Kiyosaki advises people to protect themselves through self-sufficiency and recommends saving physical gold, silver, and Bitcoin instead of buying ETFs.
In related news, the Trump administration has banned Harvard University from enrolling international students.
