As the stock market hits its worst run since 2020, financial educator and author Robert Kiyosaki has seized the opportunity to warn investors to brace for further declines.
According to the ‘Rich Dad Poor Dad’ author, the biggest market crash in history has arrived, aligning with his past prediction of a catastrophic event, he said in an X post on April 5.
Kiyosaki emphasized that the current market collapse marks the beginning of a recession, with a strong possibility of it escalating into a full-blown depression.
“There are going to be rough storms ahead. <…> I warned the biggest stock market crash in history was going to wipe out the financial security of millions of investors. <…> That stock market crash arrived today. We are definitely in a RECESSION and more than likely a DEPRESSION,” he said.
The investor noted that these downturns can potentially devastate the financial security of millions, particularly the Baby Boomer generation.
In his observation, Boomers are especially vulnerable because they are running out of time to recover from such a financial blow. He argued that long-term investments like stocks, bonds, mutual funds, and exchange-traded funds (ETF) are no longer viable options for this group.
Wealth protection
Regarding wealth protection, Kiyosaki recommended avoiding Wall Street and focusing on alternative assets. He has advocated for saving gold, silver, and Bitcoin (BTC) for years.
Notably, in recent weeks, Kiyosaki has turned increasingly bullish on silver. As reported by Finbold, the prominent investor argued that the white metal is more valuable than gold or Bitcoin, citing its wide industrial uses and the growing supply shortage of silver.
Furthermore, as the current economic uncertainty unfolds, Kiyosaki stressed that he believes the Federal Reserve and Treasury will respond by printing trillions in what he calls “fake money” as the paper market collapses, wiping out countless fake paper assets.
This, in turn, will devalue the dollar further, driving up the worth of tangible assets like gold, silver, and Bitcoin.
Kiyosaki’s missed market crash prediction
It’s worth noting that Kiyosaki has long warned about an impending market crash but has received criticism after many of his predictions failed to materialize.
Although the author maintains that the current market sell-off is part of his past projections, criticism may persist, as his outlook has mainly cited monetary policy as the cause of any collapse.
Indeed, investor unease over President Donald Trump’s global tariffs has induced the current bearish sentiment.
There are fears that the downturn might accelerate, considering Trump has reaffirmed his stance on the tariffs despite the Federal Reserve warning that they could raise prices and slow economic growth.
Notably, a review of the stock market performance shows that the S&P 500 plunged 322 points (6%), the Dow Jones dropped 2,231 points (5.2%), and wiped out $6.4 trillion in value. The Nasdaq fell 5.8%, entering bear market territory.
Over the week, the S&P 500 dropped 9.1%, its worst stretch since March 2020.
Featured image via Cavaleria Com YouTube
