Kiyosaki Warns of Inflation, Retirement Risks from 1974 Policies

Robert Kiyosaki, author of "Rich Dad Poor Dad," issued a stark warning on Saturday via a post on X about economic pressures stemming from policy changes made in 1974, urging individuals to invest in gold, silver, and Bitcoin while prioritizing financial education.

Kiyosaki linked current inflation, rising debt, and retirement insecurities to two key developments from that year: the establishment of the petrodollar system, in which the U.S. dollar shifted from being backed by gold to oil, and the passage of the Employee Retirement Income Security Act, or ERISA. The petrodollar arrangement, he argued, has contributed to geopolitical tensions over energy resources and surging oil prices, which are driving up costs for food and fuel. "Today, in 2026, the world stands on the edge of world war over oil. Inflation is going through the roof," Kiyosaki wrote. He connected these dynamics to broader inflationary trends, noting that the U.S. Consumer Price Index rose 0.3 percent in February 2026, with year-over-year inflation holding steady at 2.4 percent, the lowest since May 2025.

On retirement, Kiyosaki highlighted how ERISA accelerated the transition from employer-guaranteed pensions...