Is Robert Kiyosaki Right This Timeāor Just Loud Again?
š” Intro: The Warning Thatās Making Headlines
In a recent MSN article, Rich Dad Poor Dad author Robert Kiyosaki warned that the U.S. may be heading toward a āGreater Depressionāāworse than the 1930s. He cites record-high credit card debt ($1.21 trillion), ballooning national debt ($36.22 trillion), rising unemployment (4.2%), and shrinking retirement savings as signs of collapse.
His advice? Ditch stocks and bonds. Buy Bitcoin, gold, and silver. His prediction? Bitcoin will hit $1 million. Gold will reach $30,000. Silver, $3,000.
š§ Who Is Robert Kiyosaki, Really?
Kiyosaki rose to fame in 1997 with Rich Dad Poor Dad, a book that taught millions to think in terms of assets, cash flow, and financial independence. Heās charismatic, contrarian, and deeply skeptical of traditional finance. Heās also been wrong. A lot.
š His Track Record: Bold, Popular, Often Inaccurate
Letās review some of his past predictions:
Year | Prediction | Outcome |
---|---|---|
2021 | āGiant crash coming in Octoberā | No crash. Markets rose. |
2022 | BTC dippedābut rebounded quickly | All sectors grew. |
2023 | āGold to $5,000, Bitcoin to $500Kā | Gold rose modestly. BTC stayed under $120K. |
2025 | āBitcoin August Curse: BTC to $90Kā | BTC dippedābut rebounded quickly |
He did correctly warn about the 2008 crash. But since then, his predictions have been more dramatic than accurate4.
š§ Is He Right About 2025?
Maybe. Maybe not.
The economic signals are real:
- U.S. debt is historic
- Credit card defaults are rising
- Retirement accounts are shrinking
- Bitcoin and gold are gaining traction
But calling it a āGreater Depressionā? Thatās a stretch. Even economists who agree on a downturn hesitate to use that term.
šµš What This Means for Filipino Readers
Kiyosakiās message resonates in the Philippinesāwhere debt, financial anxiety, and survivalist thinking are daily realities. But hereās the danger: panic-driven investing.
As we explored in:
Filipinos are often pushed into emotional borrowing, impulse investing, and survival-mode decisions. Kiyosakiās adviceāwhile asset-focusedācan fuel that urgency.
š§ Too Cryptic? Explain Like Iām 12
Imagine someone says, āThe world is ending. Buy gold and Bitcoin now!ā You panic. You borrow money. You buy. But the world doesnāt end. Now youāre brokeāand the person who sold you the gold is richer.
Thatās why we need discernment, not just drama.
š§ Final Take: Hype vs. Help
Kiyosaki is a storyteller. Sometimes heās right. Often heās early. But alwaysāheās selling something.
So before you panic-buy Bitcoin or hoard silver coins, ask:
- Do I understand the system Iām entering?
- Am I building quiet leverageāor chasing loud predictions?
- Is this financial literacyāor financial theater?