Robert Kiyosaki Sounds Alarm About Global Economic Crisis: Warns of Bank Runs, Frozen Assets, and Government Bailouts

Renowned author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, believes that the world economic system is on the verge of collapse. He has issued a warning to investors of the risks of bank failures, frozen savings, and government bailouts.

Robert Kiyosaki’s Warning of Global Economic Crisis

The 1997 publication of Rich Dad Poor Dad, co-authored by Robert Kiyosaki and Sharon Lechter, quickly became a New York Times Best Seller and has remained on the list for more than six years. The book has sold over 32 million copies in 51 languages and 109 countries.

This week, Kiyosaki took to Twitter to issue a warning about the world economic system, saying it is at risk of collapse. He asked: “Does a run on the banks come next? Are savings frozen? Bail-ins?” He then urged investors to buy silver coins, which can be bought for around $25. He concluded, “That’s all I’m asking you to do – be prepared for whatever comes.”

In the event of a financial crisis, depositors may panic and withdraw their funds, leading to a run on the bank or a freezing of savings accounts. A bailout would then be required to keep the bank afloat, causing financial harm to investors. Kiyosaki has also long spoken out against the Federal Reserve, Treasury, and Wall Street, indicating his belief that their actions could lead to a US economic crash and the destruction of the US dollar.

His warnings have led to speculation of a potential market crash. Recently, experts have advised against investing in bonds, shares, mutual funds, and ETFs, and instead suggested that investors look at Bitcoin, gold, and silver as better investments in uncertain times. Bitcoin is seen as a more secure option than cash, with Kiyosaki predicting that it will be worth $500,000 by 2025, and gold and silver reaching $5,000 and $500 respectively.

Kiyosaki predicts that holders of Bitcoin, silver, and gold will be wealthy when the Fed prints trillions of dollars.

In January, Kiyosaki warned of rising homelessness, unemployment, and bankruptcies, and predicted that we are in a global recession. What do you think of Robert Kiyosaki’s warnings? Share your thoughts in the comments.