Bestselling author Robert Kiyosaki has issued a fresh warning about a possible global financial crisis. The Rich Dad Poor Dad author took to X (formerly Twitter), and said that each crisis gets bigger because the root problems are never solved.
Kiyosaki pointed to key moments in financial history — the 1998 bailout of hedge fund LTCM by Wall Street, the 2008 bailout of Wall Street by central banks — and questioned what will happen next. “In 2025, my long-time friend Jim Rickards is asking: who is going to bail out the central banks?” he wrote.
According to Kiyosaki, the origin of these growing problems dates back to 1971, when President Richard Nixon took the US dollar off the gold standard. He echoed Rickards’ view that the next crisis could be triggered by the collapse of the $1.6 trillion student loan debt market.
Kiyosaki repeated his long-standing advice that traditional saving is no longer safe. He said that one of the best ways to protect oneself is “not by saving fake fiat money.” “As I stated over 25 years ago, in Rich Dad Poor Dad, the rich don’t work for money and savers are losers,” he wrote.
In 1998 Wall Street got together and bailed out a hedge fund LTCM: Long Term Capital Management.
In 2008 the Cental Banks got together to bail out Wall Street.
In 2025, long time friend, Jim Rickards is asking who is going to bail out the Central Banks?
In other words each…
— Robert Kiyosaki (@theRealKiyosaki) May 18, 2025
Kiyosaki’s word of advice: ‘Save real gold, silver, and Bitcoin, no ETFs’
Instead of waiting for a government rescue, Kiyosaki advised people to take matters into their own hands. “You bail you and your family out by saving real gold, silver, and Bitcoin. No ETFs,” he said, referring to exchange-traded funds.
He concluded with a stark warning: “The crash I warned about in Rich Dad’s Prophecy in 2012 has begun… Please take care. Bail yourself out.”
Credit: Financial express
