'Global crash has started': 'Rich Dad Poor Dad' author Robert Kiyosaki has a warning for you

A global economic crash is underway, and Europe, China, and the USA are facing significant challenges, according to Rich Dad Poor Dad author Robert Kiyosaki.

Sharing his perspective on Twitter (X), Kiyosaki wrote: "Global crash has started. Europe, China, USA going down. Depression ahead?" He urged his followers to exercise caution, advising: "Hang on to your job and your money."

Kiyosaki also criticized global leaders and the education system, questioning their role in financial literacy: "Biggest problem are our leaders and educators. As I have often asked, ‘What did school teach you about money?’ Regardless of which way the economy goes, gold, silver, and Bitcoin hold their value."


He emphasized that economic downturns can present opportunities for wealth creation: "For many people, crashes are the best times to get rich. I plan on getting richer. I want you to get richer and smarter too. Take care."


However, it’s worth noting that Kiyosaki has made 11 incorrect market crash predictions between 2011 and 2024, according to a U.S. News & World Report analysis.

Reacting to his tweet, Founder & CEO of http://renderaudio.com, Garvez said, "You are wrong as always ! We’ve had 3 months of bullish momentum and soon as we have a “normal” pullback, you start talking about a “crash is imminent”. The bear market doesn’t begin until 2026. Just stop trying to time the crash everytime we have a healthy correction."

"If Trump introduces the strategic Bitcoin reserve, there might never be a crash," quipped another X user.

Economic indicators are mixed. Fidelity’s Q4 2024 update places the U.S. economy in a late-cycle phase with slowing growth, hinting at a potential market correction. Meanwhile, third-quarter data from the U.S. shows an annualized growth rate of 3.1%, revised upward from the initially reported 2.8%.

On the global front, geopolitical and economic uncertainties persist. A Reuters analysis warns of potential risks, including a trade war if Donald Trump’s policies on U.S. import tariffs are implemented. This could trigger fresh inflation, a global slowdown, or rising unemployment.

In Europe, European Central Bank President Christine Lagarde has highlighted the "abundance" of uncertainty heading into 2025, compounded by political challenges in Germany and France, the ongoing Ukraine conflict, and questions surrounding China’s economic stability.

The interplay of these factors paints a complex picture of the global economic landscape, leaving experts divided on what lies ahead.