Robert Kiyosaki Warns of Potential New Great Depression

Robert Kiyosaki, the author of Rich Dad Poor Dad, has issued another warning regarding the global economy! In a post on social media platform X, he stated that "the fear of unemployment spreads like a virus across the world," which will have significant repercussions on the global economy. He emphasized that he predicted the "largest market crash in history" in his 2004 book Rich Dad's Prophecy and noted that this prediction seems to be gradually coming true.
Kiyosaki warned, "Market panic has already begun; the world is entering into a recession, and possibly a new great depression." However, he also reminded us that crises often present opportunities. He recalled that during the 2008 financial crisis, he and many other investors accumulated wealth by buying low-priced real assets and gold. For example, he posed the question: if Bitcoin were to plummet to $300, should we cry or laugh? For those who are prepared, it could be a once-in-a-lifetime investment opportunity.
Kiyosaki further referenced quotes from prominent figures to remind investors to stay calm and strategic, including Oprah's quote that "luck is what happens when preparation meets opportunity," and Lincoln's saying, "Give me six hours to chop down a tree, and I will spend the first four sharpening the axe," stressing that preparation is more critical than execution.
Notably, he pointed out that Warren Buffett has quietly sold billions of dollars in stocks while holding up to $325 billion in cash, prompting Kiyosaki to question, "What exactly is Buffett preparing for?" He concluded by warning that the onset of this global economic storm is imminent and expressed hope that his predictions are wrong; however, for investors, the time to act is when the market crashes and asset prices plummet. He urged everyone to be prepared now and to not panic, as it is in times of crisis that fortunes can be reversed.