Robert Kiyosaki Says That Most Americans Don't Know How To Prepare For 'Global Recession' – 'We As A World Have Never Been Here Before'

Robert Kiyosaki, author of "Rich Dad Poor Dad," has never avoided making bold and often controversial statements about the economy. In a recent interview, he shared his concerns about the state of the U.S. economy, warning that most Americans are blissfully unaware of the looming dangers. According to Kiyosaki, "Americans are fat, dumb and happy," content with their current situation while ignoring the signs of a potential economic collapse.

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Kiyosaki illustrates a grim outlook for the global economic landscape. “We as a world have never been here before,” he stated, referring to the interconnectedness of global markets. "For example, 100 years ago, a stock market crash in England didn’t affect anybody. Now, if the U.S. goes down, the world goes down." 

Kiyosaki has traveled worldwide and is concerned that his fellow Americans are blissfully unaware of the state of the economy and what's to come. One of Kiyosaki's criticisms is that Americans are complacent, assuming the economy will "heal itself."

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He uses the 2008 financial crisis as an example, sharing that there were early warnings – including his warnings – but most people were unprepared for the ensuing market crash. He warns that a similar situation is looming. "I think as an adult, you can go hungry, but you don't want to see your kids go hungry. That's what's gonna happen," Kiyosaki cautions.

Kiyosaki also attacks the U.S. dollar, claiming it is "fake money" that is not sustainable. He urges Americans to take action by investing in tangible assets like gold and silver. He believes these will hold their value when the dollar eventually collapses.

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He explains, "My first investment was a gold coin in Hong Kong … I paid $50, and now it's worth almost $2,000. That's the kind of preparation people need to make." 

Now, Kiyosaki doesn't say when he anticipates this global depression, but he wants people to prepare for the worst while hoping for the best. 

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As of early 2024, economists stated there was a low risk of a global recession despite geopolitical uncertainty. According to the International Monetary Fund, in April, the outlook for global growth is slightly higher in 2024 (3.2%) and projected to remain the same in 2025. 

In August, JPMorgan claimed that the likelihood of a global recession was about 35%, up from their 25% estimate around the midyear mark. JPMorgan also claimed odds of about 45% for a recessionary period by the second half 2025. 

Despite Kiyosaki's dire predictions, not all experts share his outlook. However, there may be some wisdom in taking a prudent approach to investments and finances amidst uncertain global economic times. Diversifying your investments and staying informed about what's happening can help you navigate these uncertainties. Consider consulting a financial advisor as you plan for your financial future. 

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