Robert Kiyosaki, renowned author of Rich Dad Poor Dad, issued a warning about an impending economic crash, urging people to prepare themselves.
He took to social media to express his concerns, specifically calling out U.S. leadership, including Vice President Kamala Harris, Treasury Secretary Janet Yellen, and Federal Reserve Chairman Jerome Powell, labeling them as the “3-Stooges.”
Kiyosaki is a loud doomsayer, but this doean’t mean he’s not right
Kiyosaki shared his thoughts on the current state of the U.S. economy and the potential for a massive market crash.
In an X post, he stated that if his prediction holds true, those who are well-prepared could benefit big time, even in a possible depression.
“Soft landing or crash landing. I hope I am wrong… yet I am prepared for the biggest market crash in world history.”
He didn’t hold back in his criticism of what he sees as complacency, telling that most people are too lazy to prepare and are relying on the 3-Stooges running America to bail them out.
Kiyosaki specifically named Vice President Kamala Harris, Treasury Secretary Janet Yellen, and Federal Reserve Chairman Jerome Powell, making pointed jabs at their leadership abilities. Or the lack of it.
Prepare!
Reflecting on his time serving in Vietnam, Kiyosaki shared that his survival depended on being well-prepared.
He shared his experience of surviving three helicopter crashes, attributing his safe return to thorough preparation.
Proper preparation was the only reason my crew and I returned home alive, without injuries, he said, using this analogy to stress the importance of readiness in the face of potential economic turmoil.
Incompetence of the Federal Reserve
Kiyosaki also criticized the public’s reliance on the Federal Reserve for economic guidance.
He argued that the Fed is part of the problem rather than the solution, and that current signs of economic distress, like widespread retail discounts, are clear indicators of a recession.
He questioned the qualifications of Federal Reserve officials, telling that those in charge are not equipped to navigate the economic challenges ahead.
As almost always in the past years Kiyosaki urged again people to take control of their financial futures.
“The Fed cannot save you. Time to save yourself. Buy more gold, silver, and bitcoin and stop listening to highly educated poor people.”
