Robert Kiyosaki, the renowned author of the 1997 bestseller “Rich Dad Poor Dad,” has recently expressed his concerns over the escalating banking crises, the looming threat of war, and the advent of Central Bank Digital Currencies (CBDCs). His book, co-authored with Sharon Lechter, has been a fixture on the New York Times Best Seller List for over six years, with more than 32 million copies sold in over 51 languages across 109 countries.
In a recent post on a social media platform, Kiyosaki issued a warning:
“Exercise caution. The banking crisis is intensifying. The specter of war is growing. Central banks are likely to push for CBDCs to monitor us.”
He further revealed his investment strategy, stating, “I am increasing my holdings of bitcoin and silver coins. Silver is currently the best bargain. I plan to use silver as currency, not the counterfeit U.S. dollars.”
Kiyosaki’s warnings came in the wake of the collapse of Silicon Valley Bank and Signature Bank in March of the previous year. He cautioned about a deepening global financial crisis, characterized by “deception, betrayal, and collusion” among banks, Wall Street, and governments. He emphasized that the “crash and crisis are just beginning,” and advised people to “Buy more gold, silver, bitcoin. Take care.” He also predicted more bank failures and warned of a “giant market collapse,” raising the possibility of the next Great Depression and a war.
The introduction of CBDCs has sparked widespread debate. Former U.S. President and current presidential candidate Donald Trump has pledged to prevent the Federal Reserve from creating a digital dollar if he is elected. Representative Tom Emmer (R-MN) is a vocal critic of CBDCs and has introduced the “CBDC Anti-Surveillance State Act,” which has garnered 75 co-sponsors. This bill aims to restrict the Fed from using CBDCs for monetary policy or offering them directly to individuals.
Kiyosaki, a long-time advocate of gold, silver, and bitcoin, recently predicted a potential crash of gold below $1,200, while foreseeing a surge in the value of silver and bitcoin.
