Is Robert Kiyosaki Right This Timeβor Just Loud Again?
π‘ Intro: The Warning Thatβs Making Headlines
In a recent MSN article, Rich Dad Poor Dad author Robert Kiyosaki warned that the U.S. may be heading toward a βGreater Depressionββworse 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.
π§ 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. Heβs charismatic, contrarian, and deeply skeptical of traditional finance. Heβs also been wrong. A lot.
π His Track Record: Bold, Popular, Often Inaccurate
Letβs review some of his past predictions:
| Year | Prediction | Outcome |
|---|---|---|
| 2021 | βGiant crash coming in Octoberβ | No crash. Markets rose. |
| 2022 | BTC dippedβbut rebounded quickly | All sectors grew. |
| 2023 | βGold to $5,000, Bitcoin to $500Kβ | Gold rose modestly. BTC stayed under $120K. |
| 2025 | βBitcoin August Curse: BTC to $90Kβ | BTC dippedβbut rebounded quickly |
He did correctly warn about the 2008 crash. But since then, his predictions have been more dramatic than accurate4.
π§ 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 βGreater Depressionβ? Thatβs a stretch. Even economists who agree on a downturn hesitate to use that term.
π΅π What This Means for Filipino Readers
Kiyosakiβs message resonates in the Philippinesβwhere debt, financial anxiety, and survivalist thinking are daily realities. But hereβs the danger: panic-driven investing.
As we explored in:
Filipinos are often pushed into emotional borrowing, impulse investing, and survival-mode decisions. Kiyosakiβs adviceβwhile asset-focusedβcan fuel that urgency.
π§ Too Cryptic? Explain Like Iβm 12
Imagine someone says, βThe world is ending. Buy gold and Bitcoin now!β You panic. You borrow money. You buy. But the world doesnβt end. Now youβre brokeβand the person who sold you the gold is richer.
Thatβs why we need discernment, not just drama.
π§ Final Take: Hype vs. Help
Kiyosaki is a storyteller. Sometimes heβs right. Often heβs early. But alwaysβheβs selling something.
So before you panic-buy Bitcoin or hoard silver coins, ask:
- Do I understand the system Iβm entering?
- Am I building quiet leverageβor chasing loud predictions?
- Is this financial literacyβor financial theater?
