Robert Kiyosaki, author of the bestselling personal finance book Rich Dad Poor Dad, has issued a fresh warning about a looming global financial crisis.
In a post on X (formerly Twitter), Kiyosaki pointed to the 1998 collapse of the hedge fund Long-Term Capital Management (LTCM) as an example, highlighting how Wall Street had to step in for a bailout. He further noted that central banks later joined forces to rescue Wall Street, raising concerns about how the global economy operates.
However, Kiyosaki questioned who would come to the rescue of central banks like the US Federal Reserve in a future crisis. He urged investors to take control of their own financial security and “bail themselves out.”
“In 2025, long time friend, Jim Rickards is asking who is going to bail out the Central Banks?” he said in his X post.
He blamed former US President Richard Nixon for the compounded crisis that the world faces in the present.
“In other words each crisis gets bigger because they never solve the problem….a problem which started in 1971 when Nixon took the US Dollar off the gold standard,” Kiyosaki said.
Global crisis and Kiyosaki’s advice
The Rich Dad Poor Dad author said that the next financial crisis will be triggered due to a collapse concerning student debt.
“According to Jim Rickards the next crisis will be triggered by the collapse of $1.6 trillion in student loan debt,” he said.
He asked individuals to bail themselves out.
“As I have been warning for years the best way to protect your self 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 said.
“For most people the best way to protect yourself is by bailing yourself out.”
Kiyosaki said advised people to save real gold, silver and Bitcoin, saying that the crash that he warned about in his book has started.
“You bail you and your family out by saving real gold, silver, and Bitcoin…. No ETFs. The crash I warned about in Rich Dads Prophecy in 2012 has begun.,” he said.
“If Jim Rickards is correct in asking: “Who will bail out the Central Banks, like the Fed….a more important question is: “Who will bail you out?” Please take care… bail yourself out…by saving real gold, silver, and Bitcoin,” Kiyosaki reiterated.