Robert Kiyosaki Warns That Moody's Downgrade Could Cause a Collapse Like in 1929

Robert Kiyosaki warns that the downgrade of the United States' credit rating could lead to an economic collapse, making bitcoin, gold, and silver essential shields against the weakening financial system. Robert Kiyosaki Advises You to 'Save Gold, Silver, and Bitcoin Today' Robert Kiyosaki, author of the best-selling book Rich Dad Poor Dad, has reflected on Moody's recent downgrade of U.S. debt. His book has remained a global bestseller for over two decades, translated into dozens of languages and read by millions around the world seeking financial education. Kiyosaki shared on social media platform X on May 19: Moody's downgrade of the credit rating could mean higher interest rates, which means the U.S. will go into recession, the economy will slow down, unemployment will rise, the bond market, the housing market, and weak banks could go bankrupt... this could lead to the Great Depression of 1929. The acclaimed author compared the downgrade to a red flag signaling the collapse of the economy. Comparing it to the crash of 1929, Kiyosaki warns that rising interest rates could trigger a recession, causing widespread financial damage in areas such as housing, banking, and employment. Quoting insights from economist and friend Jim Rickards, he notes: "According to Jim Rickards, the next crisis will occur due to the collapse of the $1.6 trillion student loan debt." Kiyosaki emphasizes that the crisis he predicted over a decade ago has come to pass: "The crisis I warned about in Rich Dad's Prophecy in 2012 has begun." The famous author has urged people to abandon their dependence on fiat money, job security, and traditional retirement plans. Instead, he has doubled down on his long-standing advice to invest in real assets, advising: I also advise you to save real gold, silver, and currently, bitcoin. Rejecting paper assets and exchange-traded funds on the (ETF), Kiyosaki offers clear guidance: "You save yourself and your family by saving real gold, silver, and bitcoin... No ETFs." He concludes with a stern yet powerful reminder: "Be careful... save yourself by saving real gold, silver, and bitcoin." Kiyosaki continuously warns about the fragility of fiat currencies and the risks associated with the US dollar. In his view, financial resilience starts with an entrepreneurial spirit and the accumulation of wealth in hard assets, especially during times of economic crisis.