Catenaa, Tuesday, March 11, 2025- Financial educator Robert Kiyosaki, author of Rich Dad Poor Dad , declared that the “biggest stock market crash” he predicted in his 2014 book Rich Dad’s Prophecy has now arrived.
In a tweet on March 9, 2025, Kiyosaki warned that millions of baby boomers’ financial futures could be wiped out as a result of the crash.
Kiyosaki drew a sharp distinction between the retirement systems of today and those of previous generations. He compared modern Defined Contribution (DC) plans, such as 401(k)s and IRAs, with the more secure Defined Benefit (DB) plans, arguing that while DB plans must pay as promised in the event of a crash, DC plans only pay out what the investor has contributed, if anything is left after market declines.
The entrepreneur and financial guru attributed the vulnerability of the current pension system to failures in financial education. He described today’s monetary system as a “corrupt and criminal monetary Ponzi Scheme.”
Kiyosaki’s advice to investors? He recommended buying tangible assets like gold, silver, and Bitcoin. He criticized ETFs tied to these assets, calling them “fake” and comparing them to U.S. dollars and U.S. bonds. He also reaffirmed his belief in Bitcoin’s long-term potential, urging against those who sold during recent market volatility.
