"Who will sponsor your sponsor?": Rich Dad Poor Dad writer sounds financial crisis alarm, asks people to buy 'gold, silver, bitcoin' | Mint

The best -selling personal financing book, Rich Dad Poor Dad writer Robert Kiyosaki on Monday issued a warning about an imminent global financial crisis, which raised an alarm on how the economy functions. In a post on X, Kiyosaki gave the example of the collapse of the hedge fund LTCM and how the Wall Street bowled it out in 1998. He then talked about how Central Banks came together to sponsor the Wall Street. However, he asked who would step in to save central banks such as the US Federal Reserve, and requested investors to take matters into their own hands and sponsor themselves. “In 2025, Jim Rickards asked, a tall friend, who’s going to sponsor the central banks?” he said in his x -mail. He blamed former US President Richard Nixon for the composite crisis the world faces in the present. “In other words, every crisis is getting bigger because they never solve the problem … a problem that started in 1971 when Nixon took off the US dollar from the Gold standard,” Kiyosaki said. Global Crisis and Kiyosaki’s advice The author Rich Dad Poor Dad said that the next financial crisis will be caused by a collapse regarding student debt. “According to Jim Rickards, the next crisis will be caused by the $ 1.6 trillion collapse to student loan debt,” he said. He asked individuals to sponsor themselves. ‘Since I have warned for years, the best way to protect your self is not by saving false Fiat money. As I said more than 25 years ago, in a rich father, a poor father, “the rich don’t work for money” and “savers are losers,” he said. “For most people, the best way to protect yourself by sponsoring yourself.” Kiyosaki said people were advised to save real gold, silver and bitcoin and say that the accident he warned about in his book began. ‘You sponsor yourself and your family by saving real gold, silver and bitcoin … no ETFs. The accident I warned about in 2012 in Rich Dads prophecy has begun. ‘ “He said. “If Jim Rickards is correct to ask: ‘Who will sponsor the central banks, like the Fed … a more important question is:’ Who will sponsor you? ‘ Please take care … Sponsor yourself … by saving real gold, silver and bitcoin, ”Kiyosaki repeated.