Is Robert Kiyosaki Right This Time—or Just Loud Again?
📡 Intro: The Warning That’s Making Headlines
In a recent MSN article, Rich Dad Poor Dad author Robert Kiyosaki warned that the U.S. may be heading toward a “Greater Depression”—worse 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.
đź§” 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. He’s charismatic, contrarian, and deeply skeptical of traditional finance. He’s also been wrong. A lot.
📉 His Track Record: Bold, Popular, Often Inaccurate
Let’s review some of his past predictions:
Year | Prediction | Outcome |
---|---|---|
2021 | “Giant crash coming in October” | No crash. Markets rose. |
2022 | BTC dipped—but rebounded quickly | All sectors grew. |
2023 | “Gold to $5,000, Bitcoin to $500K” | Gold rose modestly. BTC stayed under $120K. |
2025 | “Bitcoin August Curse: BTC to $90K” | BTC dipped—but rebounded quickly |
He did correctly warn about the 2008 crash. But since then, his predictions have been more dramatic than accurate4.
đź§ 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 “Greater Depression”? That’s a stretch. Even economists who agree on a downturn hesitate to use that term.
🇵🇠What This Means for Filipino Readers
Kiyosaki’s message resonates in the Philippines—where debt, financial anxiety, and survivalist thinking are daily realities. But here’s the danger: panic-driven investing.
As we explored in:
Filipinos are often pushed into emotional borrowing, impulse investing, and survival-mode decisions. Kiyosaki’s advice—while asset-focused—can fuel that urgency.
🧒 Too Cryptic? Explain Like I’m 12
Imagine someone says, “The world is ending. Buy gold and Bitcoin now!” You panic. You borrow money. You buy. But the world doesn’t end. Now you’re broke—and the person who sold you the gold is richer.
That’s why we need discernment, not just drama.
đź§ Final Take: Hype vs. Help
Kiyosaki is a storyteller. Sometimes he’s right. Often he’s early. But always—he’s selling something.
So before you panic-buy Bitcoin or hoard silver coins, ask:
- Do I understand the system I’m entering?
- Am I building quiet leverage—or chasing loud predictions?
- Is this financial literacy—or financial theater?