‘Rich Dad’ Kiyosaki warns next crash ‘may turn into a Depression’

Reiterating his 2012 warnings of a major financial crash, the renowned investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad’ Robert Kiyosaki has shared his view that the “soft landing” earlier announced by the United States Federal Reserve chair Jerome Powell was not very likely.

Specifically, Kiyosaki referred to his expectation as a “fantasy,” alerting of the strong potential for a “crash landing” instead, adding that this crash could turn into a depression and urging his followers to vote conservative, according to the X post he published on December 7.

Fighting against ‘woke greenies’

As it happens, the finance educator’s recent statement echoes his previous sentiment of the necessity to fight against “woke greenie Marxists,” which is how he refers to the current US government headed by President Joe Biden. Indeed, he believes that electing liberals again would turn the US into a Marxist state.

Earlier, Kiyosaki explained that one of the ways to fight against these “woke greenies” who, in his view, prefer higher gas prices induced by the war in the Middle East as they want to “make the poor poorer,” is to buy Bitcoin (BTC), silver, and gold, i.e., alternatives to fiat money, particularly the “fake” US dollar.

Indeed, as he recently warned of an imminent market collapse and the possibility of the next Great Depression because of the “three stooges” running the White House, the US Treasury, and the Federal Reserve, the author advised buying silver, gold, and Bitcoin to prepare for and survive the “really hard times ahead.”

Meanwhile, the Fed Chair recently made an optimistic statement regarding the US economy, arguing that the wider outlines of the anticipated “soft landing” seemed to have taken shape, with the job market still going strong amid spending and output slowdowns and easing price pressures.