Kiyosaki Warns of Market Crash, Urges Cash Holdings
Financial educator and author Robert Kiyosaki has issued fresh warnings of an accelerating market crash, urging investors to hold cash reserves as a strategy to capitalize on potential downturns, while disclosing recent investments in alternative assets.
In recent posts on X, Kiyosaki highlighted signs of financial distress, including panic in private credit funds where investors are withdrawing money, stress at major banks and institutions, and economist Jim Rickards' declaration of a "New Depression" in the United States. He framed the situation as a bank-run mentality, where cash relocates rather than disappears, and posed a direct question to his over one million followers: "What are you going to do?" Kiyosaki positioned himself to build wealth amid the turmoil, contrasting "smart money" that positions for gains with "stupid money" fleeing in panic. He advised against reacting impulsively, likening it to "the proverbial chicken with its head chopped off."
Kiyosaki drew inspiration from billionaire investor Warren Buffett's approach of amassing billions in cash by selling stocks and bonds. This liquidity, he explained, allows for buying high-quality assets at discounted...