"Historic Stock Market Crash Begins... You Must Buy 'This' Now," Warns 'Rich Dad' Author

Robert Kiyosaki, author of "Rich Dad Poor Dad". Kiyosaki X Capture

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Robert Kiyosaki, author of the global bestseller "Rich Dad Poor Dad," has warned that a massive crash in the global financial markets is becoming a reality, urging people to buy tangible assets. In particular, he emphasized the importance of silver, saying, "Buy silver immediately, even if it's only ten dollars' worth."

On March 9 (local time), Kiyosaki wrote on his X (formerly Twitter) account, "In my 2013 book, 'Rich Dad's Prophecy,' I warned that the largest stock market crash in history had not yet occurred, but it seems that this year is the crash point I mentioned back then, so I am afraid."

He predicted that this crash would be far more destructive than the 2008 global financial crisis, as the root causes of the 2008 crisis were never resolved and the crisis was simply covered up with massive debt. He added, "A few days before the collapse of Lehman Brothers in 2008, I appeared on CNN and predicted this very accurately," emphasizing that his warnings are not just fearmongering.

Kiyosaki said, "In my 2013 book 'Rich Dad's Prophecy,' I warned that the largest stock market crash in history had not yet occurred, but it seems that this year is the crash point I mentioned back then, so I am afraid." The Asia Business Daily Database

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He specifically compared the private credit structure of BlackRock, the world's largest asset management company, to a Ponzi scheme. He warned that if BlackRock were to go bankrupt, retirement funds for baby boomers around the world would disappear in an instant. A Ponzi scheme is a type of financial fraud where returns to existing investors are paid using the money from new investors.

Kiyosaki suggested investing in tangible assets as a solution for overcoming crises. He identified the key assets investors should secure as gold, silver, Bitcoin, and Ethereum.

He placed particular emphasis on the importance of silver. Kiyosaki said, "Anyone can buy junk silver (old physical silver coins) for just ten dollars," and advised, "If you don't have the money, skip a meal to save up that ten dollars (about 15,000 won) and buy silver." He added that such actions serve not only as an investment, but also as the starting point of financial education by helping people understand the flow of the real economy.

Kiyosaki suggested investing in tangible assets as a solution to overcome crises. In particular, he emphasized the importance of silver. The Asia Business Daily Database

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Kiyosaki has repeatedly warned about economic collapse and emphasized tangible assets in the past. Citing the declining value of the dollar and the rapid increase in U.S. national debt, he has repeatedly recommended gold, silver, and Bitcoin, and has particularly described Bitcoin as "the only currency that the government cannot control."

Last April, he said, "The value of stocks, bonds, and the dollar will all collapse," adding, "Only those who take action to acquire real gold, silver, and Bitcoin will be able to escape from this planned disaster. This is the only opportunity to break free from central bank control and achieve financial independence."

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