logo
Robert Kiyosaki warns of US collapse, says Bitcoin, Gold, Silver are your only safe bets

Robert Kiyosaki warns of US collapse, says Bitcoin, Gold, Silver are your only safe bets

Economic Times2 days ago
Synopsis Robert Kiyosaki is warning of an impending "biggest crash in history," blaming the Federal Reserve's monetary policy and a "rigged system." He urges investors to abandon traditional savings in favor of hard assets like Bitcoin, gold, and silver. Kiyosaki believes Bitcoin, reaching new highs, offers protection against inflation and unstable financial systems, advocating for proactive investment strategies. Robert Kiyosaki, the author of the best-selling book Rich Dad Poor Dad, is once again raising the alarm. This time, he says the next economic downturn will be "the biggest crash in history." Kiyosaki sent a harsh message on X saying that the U.S. financial system is very close to falling apart and that regular savings won't protect anyone.
ADVERTISEMENT Kiyosaki, calling the US economy a "rigged system" on the verge of collapse, is urging Americans to abandon traditional savings and invest in what he refers to as real assets.
Robert Kiyosaki has long said that the Federal Reserve is irresponsible for printing "fake money." He says that the government has just printed more money instead of fixing the problems that caused the 1987 crash, the 1998 LTCM disaster, and the COVID-19 recession.
He says that this cycle of bailouts and denial has made the U.S. dollar less valuable, which puts savers at risk. "The biggest crash in history is coming... soon." "Be careful," Kiyosaki said, urging his followers to act before it's too late, as per a report by The Street.
blockquote class="twitter-tweet"p lang="en" dir="ltr"RICH DADs RULE: 'Savers are Losers.'br/br/Q: What does the Fed do when they F.U?br/br/A: 1987 Market Crash? PRINT fake $br/1998 LTCM collapse? PRINT fake $br/2019 Repo Market seizure? PRINTbr/COVID-19 Pandemic? PRINT fake $br/SILICON VALLEY BANK crash PRINTbr/br/It's not a new crisis….its the…/p— Robert Kiyosaki (@theRealKiyosaki) a href="https://twitter.com/theRealKiyosaki/status/1947350316468601246?ref_src=twsrc%5Etfw"July 21, 2025/a/blockquote script async src="https://platform.twitter.com/widgets.js" charset="utf-8"/script
ADVERTISEMENT Many investors still use stocks and bonds, but Kiyosaki says that real protection comes from hard assets like Bitcoin, gold, and silver. He calls Bitcoin "the people's money" and thinks that the decentralized digital currency can protect people from inflation and government-controlled financial systems.Kiyosaki has always been a fan of Bitcoin, but the recent problems with the world's finances have made him more urgent. He has said many times that Bitcoin is the best long-term investment for people who want to protect their wealth, especially since trust in fiat currencies is falling.
ADVERTISEMENT
ALSO READ: End of six-figure coding jobs? Meet Devin: Goldman's new AI engineer that works like a human, but for no salary
ADVERTISEMENT Bitcoin recently reached an all-time high of over $123,000 as people became more hopeful about cryptocurrency regulation in the U.S. It went over $120,000 just this month, and Kiyosaki thinks that's only the beginning.He has even gone so far as to say that Bitcoin could reach $1 million in the future because more and more people don't trust traditional banks and want to move toward decentralized finance. He says that now is the time for regular investors to get ahead of the game.
ADVERTISEMENT
Kiyosaki strongly suggests buying physical gold and silver in addition to Bitcoin. He says that these physical assets have always been valuable, even when there was political unrest and economic instability. He wrote plainly, "Stop saving dollars." "Keep gold, silver, and Bitcoin." He advises Americans to take proactive measures and prepare for potential market crashes. He thinks that moving money out of fiat and into hard assets is no longer just smart; it's necessary. This is true whether you want to protect your retirement savings or just diversify your investments.
What does Robert Kiyosaki recommend instead of saving money?He recommends that people invest in Bitcoin, gold, and silver to protect their wealth.
Why does Kiyosaki believe a crash is imminent?
He blames the Fed's endless money printing and rising debt for the impending collapse.
(You can now subscribe to our Economic Times WhatsApp channel)
(Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.)
Download The Economic Times News App to get Daily International News Updates. Scorching heat alert! These counties are under advisory — is your area bracing for the sizzle?
Scorching heat alert! These counties are under advisory — is your area bracing for the sizzle? reAlpha Tech Corp (AIRE) stock explodes 347% in a day and shocks Wall Street — is this AI real estate play the next breakout or just hype?
reAlpha Tech Corp (AIRE) stock explodes 347% in a day and shocks Wall Street — is this AI real estate play the next breakout or just hype? U.S. stock market futures dip slightly today — is this the calm before the Big Tech earnings storm as Wall Street awaits Tesla, Microsoft, and Alphabet results?
U.S. stock market futures dip slightly today — is this the calm before the Big Tech earnings storm as Wall Street awaits Tesla, Microsoft, and Alphabet results? NYT Mini Crossword Hints, July 22: Decode today's puzzle and answers with this complete guide
NYT Mini Crossword Hints, July 22: Decode today's puzzle and answers with this complete guide NYT Strands hints today, July 22: Spangram, themes and answers to decipher today's challenge
NYT Strands hints today, July 22: Spangram, themes and answers to decipher today's challenge Wordle Hints July 22: Clues and answer to solve the Tuesday puzzle #1494 to keep the streak alive
Wordle Hints July 22: Clues and answer to solve the Tuesday puzzle #1494 to keep the streak alive NYT Connections Hints July 22: Clues and answers to crack the Tuesday puzzle | Complete breakdown
NYT Connections Hints July 22: Clues and answers to crack the Tuesday puzzle | Complete breakdown Genshin Impact's new, spooky, Nod-Krai region reveal send fans into frenzy
Genshin Impact's new, spooky, Nod-Krai region reveal send fans into frenzy Joe Biden took sleeping pills ahead of US Presidential debate, Hunter Biden reveals details about father's mental health
Joe Biden took sleeping pills ahead of US Presidential debate, Hunter Biden reveals details about father's mental health South Korean ex-first lady Kim Keon Hee's big fall, faces bribery charges, degrees revoked for plagiarism
NEXT STORY
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Sam Altman says ChatGPT is 'bad' and 'dangerous' if used like this: OpenAI CEO warns AI users
Sam Altman says ChatGPT is 'bad' and 'dangerous' if used like this: OpenAI CEO warns AI users

Time of India

time2 hours ago

  • Time of India

Sam Altman says ChatGPT is 'bad' and 'dangerous' if used like this: OpenAI CEO warns AI users

OpenAI CEO Sam Altman has raised serious concerns about how deeply young people are starting to rely on ChatGPT for personal decision-making. Speaking at a banking conference hosted by the Federal Reserve, Altman said he finds it troubling that some young users feel they cannot make life choices without consulting the chatbot. According to Altman, a significant number of users in their teens and twenties say things like, 'ChatGPT knows me, it knows my friends — I'll just do what it says,' which he described as both 'bad' and 'dangerous.' He emphasized that this is not a fringe behavior but rather a widespread pattern among younger demographics. OpenAI, he added, is now actively exploring ways to address this over-dependence. Explore courses from Top Institutes in Please select course: Select a Course Category Healthcare Design Thinking Degree Artificial Intelligence Management Data Analytics healthcare Finance Product Management PGDM Others Data Science Technology Project Management Leadership Digital Marketing Data Science CXO Operations Management others Public Policy Cybersecurity MCA MBA Skills you'll gain: Financial Analysis in Healthcare Financial Management & Investing Strategic Management in Healthcare Process Design & Analysis Duration: 12 Weeks Indian School of Business Certificate Program in Healthcare Management Starts on Jun 13, 2024 Get Details Used As a Life Advisor and Operating System Altman also spoke about how AI usage varies by age group. Referring to comments made at a previous Sequoia Capital event, he noted that older users typically treat ChatGPT like a search engine, while those in their twenties and thirties often turn to it as a life advisor. Meanwhile, college students take it a step further — using the chatbot like an 'operating system,' integrating it into daily routines, connecting it with documents, and using memorized prompts for complex tasks. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Offer Valid for the First 100 Bookings Only Birla Estates Learn More Undo This deep integration, Altman suggested, leads to a kind of emotional attachment and reliance that can feel unnatural and problematic, especially when users feel ChatGPT knows them more intimately than people around them. Survey Backs Up the Trend Altman's remarks come on the heels of a Common Sense Media survey which found that 72% of teenagers have used an AI companion at least once. The survey, conducted among 1,060 teens aged 13 to 17, also revealed that 52% used AI tools at least a few times each month. Notably, half of them said they trusted the advice they received — with younger teens (ages 13–14) showing higher levels of trust compared to older ones. Trust vs. Capability: Warnings from Experts These findings mirror concerns raised by AI pioneers like Geoffrey Hinton, who admitted in a CBS interview that despite his skepticism about AI's accuracy, he still finds himself trusting its responses too often. Hinton highlighted how even highly trained models like GPT-4 can falter on simple logic problems, suggesting that blind trust can be dangerous. Altman echoed similar concerns, stating that even if AI provides helpful and accurate guidance, the idea of letting it dictate life decisions raises ethical and psychological questions. 'Collectively deciding we're going to live our lives the way AI tells us — that feels bad and dangerous,' he said. Beyond personal over-reliance, Altman also addressed growing security threats from AI misuse. At the same conference, he warned financial institutions about cyber risks such as voice cloning and deepfakes. He criticized banks that still use voice-based authentication, calling it 'crazy' in a time when AI can easily mimic voices with near-perfect accuracy. He further predicted that the rise of realistic video deepfakes could soon make even facial recognition systems vulnerable. 'We're approaching a fraud crisis,' Altman said, urging institutions to stay ahead of malicious AI applications.

India's spiritual circuits to benefit as Chinese tourists make a comeback
India's spiritual circuits to benefit as Chinese tourists make a comeback

Business Standard

time2 hours ago

  • Business Standard

India's spiritual circuits to benefit as Chinese tourists make a comeback

Indian tour operators are cheering the government's move to issue tourist visas to Chinese citizens for the first time in five years – a sign of thawing relations between the two nations. 'It is a good move. China is one of our major trade partners, and tourism, which fosters people-to-people interaction, could lead to greater cooperation and understanding. But mere liberalisation of the visa regime is not enough. There should be a concentrated effort to create and actively promote itineraries and experiences geared to attract Chinese tourists,' said Ajay Prakash, vice president of the Federation of Associations in Indian Tourism & Hospitality (FAITH). India had received around 300,000 Chinese tourists in 2019, after which the Covid-19 pandemic prompted countries to close off their borders. However, the two most populous nations in the world did not lift travel restrictions for each other's citizens. 'Chinese tourists accounted for nearly 27 per cent of total foreign tourist arrivals to India in 2019, and we are very glad to welcome this move from the government as China is an important source market for the country,' said Ravi Gosain, president of the Indian Association of Tour Operators (IATO), which has been pushing for this for the past three years. In 2018, a survey conducted by the Chinese International Travel Monitor revealed that Delhi and Mumbai were among the top visited Indian cities for Chinese tourists. However, the Taj Mahal in Agra was the most favoured site to visit. 'Chinese tourists mostly used to visit in big groups and enjoyed seeing the variety of experiences that India offers. The Golden Triangle – made up of Delhi, Jaipur, and Agra – was among the most sought-after tours from these groups,' said a tour operator who did not wish to be named. Now, with the evolution of spiritual tourism in the country, the Buddhist spiritual corridors coming up in Bihar, connecting the ancient Vishnupad and Mahabodhi temples, are set to see heightened interest from Chinese travellers, say industry experts. The Embassy of India in China announced on Wednesday that visas can be applied for starting Thursday (July 24, 2025) after completing an online application and obtaining an appointment at the Indian Embassy in Beijing and the consulates in Shanghai and Guangzhou. This came after China resumed the Kailash Manasarovar Yatra in June this year. As many as 750 pilgrims were selected from 5,500 applicants. Indian Minister of External Affairs S. Jaishankar had also travelled to China in July and met his counterpart Wang Yi, along with other national leaders, including President Xi Jinping. These steps have been instrumental in this move, say industry experts, adding that the move will help in.

Road transport corporation employees to launch indefinite strike on August 5
Road transport corporation employees to launch indefinite strike on August 5

The Hindu

time2 hours ago

  • The Hindu

Road transport corporation employees to launch indefinite strike on August 5

Demanding the release of pending wage arrears as part of implementation of the 2024 wage revision, employees of the four State road transport corporations will launch an indefinite agitation on August 5. Addressing a press conference in Hubballi on Wednesday, president of the Akhila Karnataka Rajya Raste Sarige Noukarara Mahamandala K.S. Sharma said that the State government has failed to keep its word with regard to implementation of the revised wages. 'The wage revision has to happen every four years. The wage revision of 2016 ended in 2019, but because of COVID-19 pandemic, it was delayed. Ultimately, in 2023, the State government issued an order on 15% wage revision and promised to implement it with retrospective effect (2019). However, till date the wage arrears have not been paid,' he said. Mr. Sharma said that the Chief Minister recently categorically stated that the wage arrears will not be paid and also that it will not be possible to release revised wages from 2024. 'We are resorting to agitation condemning it,' he said. He also said that while the State government is celebrating 500 crore free rides under the Shakti scheme, it has not taken into account the efforts of the transport corporation employees that have made it possible. It has completely neglected their rightful demands, he added. General secretary of the mahamandala B. Jayadevaraje Urs said that while the government is celebrating the success of the Shakti scheme, it is yet to pay ₹3,000 crore due towards the State transport corporations. Office-bearers of the mahamandala from various districts were present.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store