Financial crisis warning: Robert Kiyosaki, the author of the popular finance book Rich Dad Poor Dad, has raised concerns about an upcoming global financial crisis. He believes the crisis will be more serious than before and could be caused by the collapse of student loan debt in the U.S.

Financial crisis warning

In a post on social media platform X, Kiyosaki recalled the 1998 financial incident involving the hedge fund LTCM. At that time, big banks and financial institutions worked together to save the market. However, he questioned who would save central banks like the U.S. Federal Reserve if a similar situation happens now.

He believes the root cause of today’s financial instability started in 1971 when then-President Richard Nixon removed the U.S. dollar from the gold standard. Financial crises have continued to escalate over time, largely because the underlying issues remain unresolved. According to Jim Rickards, a seasoned financial expert and close associate of Robert Kiyosaki, the looming financial collapse could be sparked by the massive $1.6 trillion in student loan debt.

If this debt crashes, it could have a major impact on the economy.

Instead of relying on governments or banks for support, Kiyosaki suggests individuals should protect themselves. He says that saving regular money, which he calls “fake fiat currency,” is not safe anymore. According to him, true financial protection comes from owning physical gold, silver, or Bitcoin.

He emphasizes not investing in ETFs (Exchange Traded Funds) for these assets, but to buy the real forms. Kiyosaki believes that the financial crash he warned about in his earlier book, Rich Dad’s Prophecy has already started.

He concludes by asking an important question: “If central banks collapse, who will bail you out?” His answer is clear people must take charge and secure their own future through smart investments in real assets.

Also Read: Joe Biden Shares His First Emotional Post Following Cancer News

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