Rich Dad Poor Dad author Robert Kiyosaki issued another warning this week about the U.S. economy, market crashes, and investment strategies. His book “Rich Dad Poor Dad,” co-authored with Sharon Lechter in 1997, has been on the New York Times Best Seller List for over six years, selling more than 32 million copies in 51 languages across 109 countries.
On Tuesday, Kiyosaki posted on social media platform X: “Soft landing or crash landing. I hope I am wrong … yet I am prepared for the biggest market crash in world history.” He added:
Q: Why am I preparing for a crash Landing? A: Because if I am right … a crash and possible depression will make myself and those that are prepared very, very, rich.
Kiyosaki went on to say that “most people are too lazy to prepare” and are hoping the “3-Stooges running America will save them.” He identified these 3-Stooges as U.S. Vice President Kamala Harris, Treasury Secretary Janet Yellen, and Federal Reserve Chairman Jerome Powell. He described Yellen as having “played Uncle Fester in the Munsters” and Powell as having “played shoe salesman Al Bundy in the TV show Married with Children.”
Reflecting on his experience in Vietnam, Kiyosaki said: “Some of you may know I went down 3 times in my helicopter gunship in Vietnam … and my success depended upon my crew and me being prepared. Proper preparation was the only reason my crew and I returned home alive, without injuries. Take care. Exciting times ahead. Crashing can be a good thing if you’re prepared.”
On Friday, Kiyosaki shared: “Why do people look to the Fed for guidance? The Fed is the problem. People ask, ‘Are we in a recession?’ All a person needs to do is go shopping and look at stores having 60% off sales. Even a used clothing store near me is having a sale. The Fed is made up of PhDs like my poor dad. Highly educated poor people. My rich dad often said ‘PhD stands for Poor Helpless and Desperate.'” The acclaimed author concluded by advising:
The Fed cannot save you. Time to save yourself. Buy more gold, silver, and bitcoin and stop listening to highly educated poor people.
