Oh, the irony of fate, dear reader! 🙃 The man known for enlightening us about wealth in his “Rich Dad Poor Dad” opus, Robert Kiyosaki, has declared that the “greatest stock market collapse” foretold in his 2014 prophecy has finally come to pass.
In a recent digital missive, the sage of finance has pointed out a glaring Achilles’ heel in our modern retirement systems. Kiyosaki, with a wry smile, compares today’s Defined Contribution (DC) pension plans – those beloved 401(k)s and IRAs – to the seemingly more steadfast Defined Benefit (DB) plans of yesteryear.
IN Rich Dads Prophecy, published in 2014 I predicted the biggest stock market crash was still coming.
Unfortunately that crash has arrived….possibly wiping out the futures of millions of baby boomers
World wide.US Baby boomers are the first generation with a 401k and…
— Robert Kiyosaki (@theRealKiyosaki) March 9, 2025
“When the market tumbles… a DB pension plan must honor its promise to the investor. When the market tumbles… a DC pension plan is only obligated to give back what the investor has put in… assuming there’s any left after the market’s fall,” Kiyosaki elucidated with a sigh.
This frailty, he attributes to a failure in our educational edifice, lamenting the absence of “true financial education.” He paints the current monetary order as a “rotten and criminal monetary Ponzi Scheme,” a stark contrast to the golden age of fiscal prudence.
Kiyosaki: Embrace the Tangible
Our wise counselor’s remedy? A return to the tangible. He urges investors to “take hold of genuine gold, silver, and Bitcoin.”
Kiyosaki scoffs at ETF investments in these commodities, branding them “as artificial as the US dollar and US bonds.” A true Tolstoyan critique, indeed!
His ardor for Bitcoin (BTC) has only intensified with the Trump administration’s cryptocurrency maneuvers. In earlier digital dispatches, Kiyosaki underscored the significance of Trump’s Bitcoin Strategic Reserve proposal, hailing it as a beacon of leadership.
Yet, many luminaries in the cryptocurrency cosmos, such as Solana (SOL) co-founder Anatoly Yakovenko, remain unconvinced of a reserve’s utility.
Kiyosaki has reserved special scorn for those who abandoned Bitcoin in the face of recent market turbulence.
“Those who deserted BITCOIN during the last plunge are the real LOSERS,” he pronounced with a touch of disdain.
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2025-03-09 22:47