Robert Kiyosaki Warns Moody’s Downgrade May Ignite 1929-Style Meltdown

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Ah, the illustrious Robert Kiyosaki, that sage of financial foresight, now raises the alarm! The U.S. credit downgrade, he proclaims, could very well be the spark that ignites an economic conflagration, rendering bitcoin, gold, and silver as the valiant shields against a crumbling financial edifice. 🛡️💰

Robert Kiyosaki Recommends ‘Saving Real Gold and Silver and Today Bitcoin’

Our dear Robert, the author of the perennial bestseller Rich Dad Poor Dad, has graced us with his thoughts on the recent downgrade of U.S. debt by Moody’s. His literary gem has danced through the hands of millions, translated into a veritable cornucopia of languages, all in pursuit of that elusive financial enlightenment. On the social media stage known as X, he shared his musings on May 19:

A Moody’s downgrade will probably mean higher interest rates which means a U.S. in recession, which means the economy will slow, unemployment will climb, bond market, housing market, and weak banks may fail… which may mean 1929 depression.

With the flair of a seasoned orator, Kiyosaki likened the downgrade to a crimson banner heralding an economic unraveling. Drawing parallels to the cataclysmic crash of 1929, he warned that the specter of rising interest rates could unleash a recession, wreaking havoc across the realms of housing, banking, and employment. Oh, the drama! 🎭

In a delightful twist, he referenced the insights of his economist comrade, Jim Rickards, who posited: “According to Jim Rickards, the next crisis will be triggered by the collapse of $1.6 trillion in student loan debt.” Kiyosaki, with a twinkle in his eye, emphasized that the crash he foresaw over a decade ago is not merely a figment of imagination: “The crash I warned about in Rich Dad’s Prophecy in 2012 has begun.”

Our esteemed author has implored the masses to cast aside their blind faith in fiat currency, job security, and the quaint notion of traditional retirement plans. Instead, he has doubled down on his age-old mantra: invest in real assets! He advises:

I also recommended saving real gold and silver and today bitcoin.

With a flourish, Kiyosaki dismisses the allure of paper assets and exchange-traded funds (ETFs), offering sage counsel: “You bail you and your family out by saving real gold, silver, and bitcoin… No ETFs.” He concludes with a stark yet empowering reminder: “Please take care… bail yourself out by saving real gold, silver, and bitcoin.” In Kiyosaki’s world, the fragility of fiat currencies and the perils tied to the U.S. dollar are but stepping stones to financial resilience, which, he insists, begins with entrepreneurship and the prudent storage of wealth in hard assets, especially in these tumultuous times. 🏦✨

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2025-05-21 05:01