Robert Kiyosaki, the author of Rich Dad Poor Dad, has issued a warning that the biggest crash in history might just be beginning. Highlighting that the banking system is going bankrupt, Kiyosaki warned that the S&P 500 will become the next one to fall, which will end up toasting millions of retirement plans in the United States.
He stressed that there is “no time to play Russian Roulette with your life.”
‘No Time To Play Russian Roulette With Your Life’
Kiyosaki told X on Sunday that bank credit has started selling off like it was in 2008 again. He warned, “This maybe the start of the biggest crash in history. There’s no time to play Russian Roulette with your life.”
Through a follow-up post on platform X, Kiyosaki mentioned that he feels like thanking everyone who was laughing at him for asking his followers to purchase as well as save since 2010. “It’s not easy being Paul Revere or Chicken Little warning people the U.S. government is stealing our wealth viz our money. Yet, laugh all you want. It’s still not too late. Our banking system is bankrupt. Buy gold, silver, and bitcoin while you still can.”
The famous writer predicted that once you are able to Bitcoin, Silver, and Gold, “your friends and family will laugh at you.”
But at the same time, he simply emphasized, “Laugh all you want into a global banking crisis. Please remember my warning in Rich Dad Poor Da,d published in 1997 predicting ‘Savers are losers’ and ‘Your home is not an asset’, which came true in 2008. People are still laughing at those 1997 predictions. Watch for my next warning. The S&P is next, which will toast millions of 401ks and IRAs [retirement plans].”
The famous author has warned about the upcoming crash repeatedly. Early this month, he did talk about how the next crash might just turn into a sort of depression. At the time, he had also warned about an upcoming market collapse.