TechFlow news, March 9 — Robert Kiyosaki, author of "Rich Dad Poor Dad," issued a warning that the biggest stock market crash he predicted in his 2014 book "The Rich Dad's Prophecy" has now arrived and could destroy the future of millions of baby boomers worldwide.
Facing the current situation, Kiyosaki advises investors to buy and hold physical gold, silver, and Bitcoin to protect against what he describes as a "corrupt and criminal monetary Ponzi scheme." He specifically emphasizes not recommending gold, silver, or Bitcoin ETFs, calling them "as fake as the U.S. dollar and U.S. bonds," and states his strong preference for physical assets.
Kiyosaki points out that the American baby boomer generation is the first cohort to rely on Defined Contribution pension plans such as 401(k)s and IRAs, whereas the World War II generation benefited from Defined Benefit pension plans. The key difference is that during a market crash, Defined Benefit plans are obligated to pay retirees the promised amounts regardless of market performance, while Defined Contribution plans only disburse whatever remains in the individual’s account after the crash, exposing retirees to full market risk.
