Robert Kiyosaki is a well-known investor, financial educator, and author. bestseller rich dad, poor dadissued a new warning about the current state of the global financial system.
The businessman delved into its historical roots through extensive publication on the X social network. What he calls “the worst collapse in history”and urged investors to take refuge in physical assets such as gold, silver, Bitcoin (BTC), and Ether (ETH), the Ethereum network’s cryptocurrency.
For Kiyosaki, the current crisis is not a sudden event; The culmination of a long process of financial deterioration has been reached.
“Collapse doesn’t happen overnight. It takes decades for collapse to occur,” the authors explain, establishing a timeline stretching back more than a century.
According to his analysis, the decline began in 1913 with the creation of the U.S. Federal Reserve System (FED), when, in his opinion, the American financial system was being managed under incorrect assumptions.
The investor illustrated his case by recalling key events of the 20th century, including the devaluation of silver in 1965 under President Richard Nixon and the collapse of the gold standard in 1971. “The price of gold has become unstable and the world economy has exploded into a debt economy,” Kiyosaki said.
Debt and the current social crisis
Kiyosaki’s analysis connects these past monetary policy decisions with the current economic vulnerabilities. The author describes the bleak outlook for the major economic powers: “Today, the United States and Japan are huge debtor countries.”
This macroeconomic situation has a direct and devastating impact on the population. According to the educator, “American consumers carry significant amounts of debt with mortgages, student loans, and credit card debt.”
This economic pressure is causing a visible social crisis, with an “explosion of homelessness” and even impacting employers who “can no longer pay their rent.”
Faced with this scenario of devaluation of fiat currencies (which Kiyosaki consistently refers to as “fake money”), the proposed strategy focuses on accumulating assets that cannot be pumped up by central banks.
Mr. Kiyosaki classifies these Protect your assets by dividing them into two categories. On the other hand, what is called gold and silver, “God’s money”. On the other hand, he emphasizes digital assets, especially Bitcoin and Ether, classifying them as follows: “People’s money”.
The author predicts a positive scenario for those who own these assets in the face of the collapse of traditional systems. “The good news for those who study monetary history is that as the false fiat currency system collapses, they will become richer as the prices of ‘God’s money’, gold and silver, and ‘people’s money’, Bitcoin and Ethereum, rise,” he said.
In contrast, he warns of the fate of those who blindly trust government institutions.
“The losers will be the lazy, financially illiterate people who believe this time is different, or the people who believe the Fed and the U.S. government will save them.”
Robert Kiyosaki, author of financial self-help books
The following infographic illustrates Robert Kiyosaki’s concepts detailed here.
The importance of financial education
As I have said so far, Kiyosaki repeats historical criticism of the education system Because they have not received any training in money management. Recalling his creation of the board game Cashflow in 1996, he once again posed the question: “Why aren’t we teaching financial education in schools?”
The investor emphasizes that history tends to repeat itself and that ignorance about how money works was fatal to past civilizations. “Counterfeit currency has been destroying empires for thousands of years. Counterfeit money destroyed the Romans, the Chinese, the Germans years ago… It proves that people don’t learn from history,” he argued.
Concluding his analysis, Kiyosaki reiterated his call to action, suggesting: Investors still have room to act if they act diligently.. “The good news is that this will give to those who realize they are poised to become richer.” His conclusion was frank and direct (and repeating what he has already said several times, as previously reported by CriptoNoticias): “Be careful…this time is no exception. Save your real gold, silver, Bitcoin and Ethereum.
