Rich Dad Poor Dad author Robert Kiyosaki has warned that a soft landing for the U.S. economy is a fantasy, emphasizing that a crash landing is more likely. Noting that he already warned of this giant crash in his Rich Dad’s Prophecy book, the famous author stressed: “This next crash may turn into a depression.”
Robert Kiyosaki on Giant Crash and a Depression
The author of Rich Dad Poor Dad, Robert Kiyosaki, has once again sounded the alarm about the U.S. economy. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.
Kiyosaki wrote on social media platform X Wednesday: “Soft landing is a fantasy. Crash landing more likely. I warned of this giant crash in my book Rich Dad’s Prophecy pub 2012.” He continued:
This next crash may turn into a depression.
The renowned author also shared in an X post on Sunday that the Israel-Hamas war has motivated him to buy an electric vehicle. “The war is about oil,” he said. “Higher gas prices will make the poor poorer.” He proceeded to reiterate his recommendation of buying gold, silver, and bitcoin, which he believes to be the best investment for unstable times.
The well-known author has repeatedly expressed concerns about challenging times ahead for the U.S. economy. Last week, he similarly cautioned about a possible next Great Depression and a war, predicting “really hard times ahead” for millions of people. Kiyosaki also previously warned of the “greatest real estate crash ever,” emphasizing that the Federal Reserve’s rate hikes will also crash stocks, bonds, and the U.S. dollar.
What do you think about the warnings by Rich Dad Poor Dad author Robert Kiyosaki about the next crash turning into a depression? Let us know in the comments section below.