Kiyosaki warns recession will deepen into depression by 2025

Robert Kiyosaki, author of Rich Dad Poor Dad, has reiterated his warning about an impending economic collapse, which he predicts will escalate into a "Greater Depression" by 2025.

In recent statements on social media, Kiyosaki declared that the financial crisis he has long cautioned against is now unfolding, with widespread job losses, plummeting stock prices, and housing market struggles expected to worsen.

Kiyosaki emphasised the urgency of moving away from traditional paper assets like stocks and bonds.

"Millions of fake paper assets will be wiped out," he stated, adding that the Federal Reserve and Treasury are likely to respond by printing trillions of dollars in fiat currency, further devaluing its worth.

He urged individuals to safeguard their wealth by investing in gold, silver, and Bitcoin (CRYPTO:BTC), which he describes as "real money."

The financial educator has consistently criticised fiat currencies and the U.S. dollar, calling them "fake money."

He believes inflation and rising debt have pushed the economy to the brink of collapse.

Reflecting on his 2014 book Rich Dad’s Prophecy, Kiyosaki noted that his prediction of the largest stock market crash in history is coming true.

“Unfortunately, that prophecy is unfolding now,” he remarked.

For baby boomers, Kiyosaki warned that time is running out to recover from financial losses due to their proximity to retirement.

He advised against long-term investments in traditional markets and instead recommended diversifying into assets like Bitcoin and precious metals.

“If you still have some runway left, you may want to save real money,” he said.

Despite his grim outlook, Kiyosaki sees opportunities for wealth creation during economic downturns.

He encouraged investments in essential industries like agriculture and sustainable businesses while cautioning against high-risk assets such as office buildings and small retail properties.