When he took to X on the evening of March 9, the famed author and investor Robert Kiyosaki not only reiterated his warning about an imminent, catastrophic financial crisis but also identified BlackRock (NYSE: BLK) as the first domino likely to fall.
Specifically, the writer of the best-selling personal finance book ‘Rich Dad Poor Dad’ harkened back to an interview he did with CNN’s Wolf Blitzer in which he forecasted that Lehman Brothers would collapse.
Within the X post, Kiyosaki underlined that his prediction came days before the bank went under, before pivoting to argue that BlackRock is about to suffer the same fate.
Because the cause of the 2008 crash, the GFC, Great Financial Crisis was never fixed. The subsequent crash could only get bigger. In 2008 I was on Wolf Blitzer’s CNN program predicting the crash of Lehman Brothers, which crashed a few days later. (Check me out) In 2026 the crash will be led by Black Rocks private credit Ponzi scheme.
Why BlackRock is the new Lehman Brothers, according to R. Kiyosaki
While ‘Rich Dad’ Robert Kiyosaki’s decision to type ‘Black Rocks’ instead of BlackRock or BLK could raise some questions about whether he is truly referencing the finance behemoth, the context leaves much to interpretation.
Specifically, BlackRock’s business – the ‘private credit Ponzi scheme,’ as the famed author put it – took a significant hit in the eyes of the public on March 6, as the company introduced a limit on withdrawals from its flagship debt fund.
The decision came after a significant uptick in redemption requests, arguably driven both by the long-standing private credit crisis and the surging uncertainty that arose from the oil supply crisis stemming from the U.S. and Israeli war against Iran.
Robert Kiyosaki advises his followers what to do before the crash
Elsewhere and in his usual fashion, Robert Kiyosaki also offered some advice to his followers on how they might avoid the fallout of ‘the biggest stock market crash in history’ that will see retirement funds get ‘wiped out all over the world.’
Indeed, the ‘Rich Dad Poor Dad’ author reiterated he recommends investing in cryptocurrencies – Bitcoin (BTC) and Ethereum (ETH), to be precise – and commodities: gold, silver, and, as a relatively uncommon recommendation, oil partnerships.
A notable detail within the X post is that Kiyosaki is urging his followers to buy ‘junk silver’ – which he later specified as ‘real junk silver, dimes and qua(r)ters.’
In a slightly grim turn of events, the famous investor also zeroed in on making a $10 investment – he touted the low price of entry as part of the ‘buy’ case – even at the cost of foregoing a meal:
Skip eating for one day and invest $10 in real junk silver, dimes and qua(r)ters.
The somewhat dark tone could, perhaps, be explained by Robert Kiyosaki spending the last week mulling over his visits to Vietnam, both as an American soldier and, more recently, as a visitor, while apparently voicing a strong opposition to war in general.
Why ‘Rich Dad’ R. Kiyosaki might be wrong about BlackRock
Lastly, it is worth pointing out that ‘Rich Dad’ Kiyosaki himself admitted that he is not entirely sure, despite the urgent tone of his post, that a crisis triggered by a BlackRock collapse is coming.
“I hope I am wrong….yet if and when Black Rock crashes…It’s going to be fast and destructive. Baby boomers retirements will be wiped out all over the world because the world is loaded with debt it cannot pay back,” the author wrote.
In recent years, Robert Kiyosaki has been facing mounting criticism for his tendency to forecast imminent and catastrophic crashes on a weekly or, at most, monthly basis – crashes that are yet to materialize.
Featured image via Cavaleria Com YouTube
