Robert Kiyosaki Warns of 'Biggest Collapse in History', Highlights Vulnerability of Baby Boomers
Famed financial writer and investor Robert Kiyosaki has emerged to issue a very somber warning about the impending economic collapse. He has referred to such an event as potentially “the greatest collapse in history.” A global best-selling financial author with his book Rich Dad Poor Dad, co-written with Sharon Lelcher, this investor’s financial insights have sold millions of copies and have more than 32 million copies in print in 51 languages. The book has held its place on the New York Times Best Seller list for six years.
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On Monday, Kiyosaki went to X to speak out specifically for baby boomers. He said that baby boomers’ reliance on traditional retirement investments like real estate, stocks and bonds makes them very vulnerable if any economic turmoil hits. “When the stock market crashes, the biggest losers are going to be boomers,” he added, hinting at the potential for major financial instability.
Robert Kiyosaki Calls on Younger Generations to Support Baby Boomers
Robert Kiyosaki called on young people to help their parents re-evaluate their investments before the market situation worsens, saying:
If I were a boomer's child, I would encourage my parents to sell their homes, stocks, and bonds while prices are high, before the impending crash... and buy gold, silver, and bitcoin before your boomer parents come live with you or expect you to pay for their mounting medical or funeral expenses.
Kiyosaki touched on broader economic threats, linking the aging of the baby boomer population to changes in market dynamics that will lead to widespread financial collapses. “In the 2020s, the old age of the boomers will cause the real estate, stock and bond markets to crash. I am a boomer born in 1947. I do not expect my house to be an asset or a 401(k) or an IRA to sustain me in retirement,” he said.
This is indicative of a lack of faith in traditional ways of planning for retirement, or at least little trust in mainstream tools. Kiyosaki called for urgent action, warning of serious economic consequences if preparations are not made. He said:
The biggest crash in history is coming. Please be proactive and get rich... before the boomers go bust.
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This isn't the first time he's tried to declare a market crash. Kiyosaki has issued several warnings in the past, most recently regarding what he calls the "Everything Bubble."
Kiyosaki says it’s a bubble that’s been inflated by excessive money printing and spiraling debt levels—both unsustainable practices, he says. He’s been particularly vocal about the Federal Reserve’s monetary policies, which he argues are creating unstable economic conditions that could lead to a major financial crisis.
Kiyosaki's Strategy: Investing in "Real" Assets for Financial Security
But amid the gloomy predictions, Kiyosaki has some strategic advice for those interested on how to protect their money from collapse. Now, he says, is the time to shore up one’s nest egg using “real” assets — obvious references to gold and silver, bitcoin. “Real assets hold their value better during financial collapse,” Kiyosaki advised, urging his followers to diversify their investments away from traditional paper-based instruments.
Kiyosaki’s warning coincides with mixed economic indicators, a general sense of uncertainty gripping global markets. While some analysts predict continued growth and recovery, others express concerns about inflation, debt levels and market corrections. This is a point made by Kiyosaki, who has been a prominent voice in this ongoing debate, urging citizens and policymakers to watch for signals and prepare for potential economic turmoil.
As the discourse on economic stability continues unabated, Robert Kiyosaki’s recent predictions are a stark warning of the vulnerabilities inherent in typical financial systems, especially as aging populations rely heavily on these assets to provide retirement security.
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Robert Kiyosaki is a harbinger of the impending financial crisis. Unlike a traditional retirement investment strategy, his call is to invest in the ‘real stuff’: gold, silver and bitcoin. All of his comments about market uncertainty are of great importance to people rethinking their financial plans to secure the future.
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