An inevitable financial collapse? Rich Dad Poor Dad author Robert Kiyosaki reveals why he buys Gold, Silver and Bitcoin
Renowned financial educator and Rich Dad Poor Dad author Robert Kiyosaki has issued yet another cautionary alert to investors and the public.
Kiyosaki, a longtime proponent of gold, silver, and Bitcoin as safeguards against what he describes as a "broken money system," highlighted several striking quotes from Lepard's book, indicating they hold similar perspectives.
Tired of too many ads?
Remove Ads
Tired of too many ads?
Remove Ads
Renowned financial educator and author of Rich Dad Poor Dad, Robert Kiyosaki , has sounded another warning bell for investors and citizens alike — this time drawing inspiration from Lawrence Lepard's latest book 'The Big Print', which he recently began reading.Kiyosaki, who has long advocated for gold silver , and Bitcoin as protection against what he calls" a broken money system," shared several provocative quotes from Lepard's book, suggesting the two share a similar worldview."The system has been set up and controlled by a so-called elite group of financial (and government) people who don't care about you or your well-being," Kiyosaki quoted from Lepard's book. "They have tilted the game board in their favor."He pointed to the deepening wealth inequality and rising societal unrest, which Lepard attributes to fundamental flaws in the monetary system. "The system is broken because our money is broken," the book says — a view Kiyosaki has echoed for years in his writings and public appearances.One quote particularly struck a chord: "What we now have is rugged capitalism for individuals… but socialism for the rich and powerful." According to Lepard, this imbalance gives undue power to the government and institutional elites, often resulting in poor policies — from bailouts to endless wars — that come at the cost of everyday people.Lepard, like Kiyosaki, urges readers to turn to hard assets like gold, silver, and Bitcoin as shields against financial instability. The book draws on historical cycles — specifically The Fourth Turning, a bestselling book that highlights how societies go through repeated cycles of crisis and rebirth every 80 years.According to this theory, we are now in the midst of a "fourth turning," similar to previous periods that sparked the American Revolution, the Civil War, and the Great Depression."All fourth turns culminate in a resolution that fundamentally reshapes the rules and structure of society," Lepard writes. Kiyosaki highlighted the urgency in his post, urging followers to "be prepared rather than join the panic."
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
11 minutes ago
- Economic Times
Crypto Prices Today: Bitcoin drops below $105,000 amid market consolidation; Altcoins decline up to 6%
Tired of too many ads? Remove Ads Crypto TrackerPowered By TOP COINS TOP COIN SETS BNB 57,483 ( -0.11 %) Buy Tether 85.81 ( -0.16 %) Buy Bitcoin 89,98,319 ( -0.97 %) Buy Ethereum 2,23,784 ( -1.39 %) Buy XRP 189.22 ( -2.4 %) Buy Popular in Markets 1. Trump Media advances Bitcoin ETF plans with Truth Social Brand The cryptocurrency market witnessed a broad-based decline on Wednesday, with Bitcoin falling below the $105,000 mark amid cautious sentiment driven by macroeconomic factors and profit booking in 2:22 pm IST, Bitcoin was down 0.8% at $104,696, while Ethereum declined 1.3% to $2,607, according to CoinMarketCap. The global cryptocurrency market cap also dipped 1.19% to $3.29 market dominance fell to 63.3%, reflecting the broader weakness across major digital altcoins posted sharper losses. XRP fell 2.4%, Solana declined 3%, Dogecoin dropped 3.5%, and Cardano and Sui were each down 3%. Hyperliquid lost 4%, Chainlink dropped 4.2%, and Avalanche was the biggest loser with a 5.7% fall.'Bitcoin is consolidating near $105,000 even as risk-on markets remain cautious with new U.S. tariffs on steel and aluminium in effect,' said Vikram Subburaj, CEO at Giottus. 'BTC needs to reclaim $106,000 to retain its bullish momentum.'He added that structural metrics remain strong, with spot BTC's trading share on Binance rising from 26% to 35% over the past week. Additionally, over 20,000 BTC have been moved from exchanges like Kraken and Bitfinex to private wallets, signalling supply tightening and long-term holding Sehgal, Research Analyst at Delta Exchange, noted that Bitcoin's 4-hour chart shows a consolidation phase between the 100-period SMA at $107,000 and the 200-period SMA at $104,000. 'This range suggests indecision, and unless BTC breaks out of it, the short-term trend remains sideways,' she added that Ethereum was showing a mild bullish bias, with price action consolidating between $2,592 and $2,668. 'A potential golden crossover of the 20- and 50-period SMAs could boost momentum if confirmed. A breakout above $2,668 may trigger a rally toward $2,720.'Despite recent losses, U.S. spot Bitcoin ETFs recorded net inflows of $465 million over the past two days, after losing over $1 billion in the previous three sessions. Ethereum ETFs, meanwhile, marked a record 12-day inflow streak, supported by regulatory clarity around ETH staking, which the SEC has clarified is not classified as a securities Lee, Chief Analyst at Bitget Research, said the correction in altcoins such as Dogecoin and Cardano is part of a broader profit-taking trend. 'After a period of strong gains, investors are locking in profits, leading to short-term pullbacks. This is common in bull cycles where sharp rallies are followed by corrections,' he also pointed to renewed U.S. tariff tensions as contributing to global market uncertainty. 'Investors are adopting a more selective and conservative approach, focusing on assets with stronger fundamentals,' Lee Patel, Co-founder and CEO of Mudrex, said Bitcoin is holding near the $105,000 level as the market awaits a fresh catalyst. 'Institutional flows remain strong, with over $375 million entering Bitcoin ETFs, and large holders moving over 20,000 BTC to private wallets—signs of long-term conviction.'However, he cautioned that BTC needs to hold above $106,800 to maintain bullish momentum. 'A failure to stay above this level could lead to a short-term drop toward $103,200 before fresh buying resumes,' he said.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
14 minutes ago
- Time of India
Crypto Prices Today: Bitcoin drops below $105,000 amid market consolidation; Altcoins decline up to 6%
Tired of too many ads? Remove Ads Crypto TrackerPowered By TOP COINS TOP COIN SETS BNB 57,476 ( -0.13 %) Buy Tether 85.8 ( -0.22 %) Buy Bitcoin 89,95,621 ( -0.96 %) Buy Ethereum 2,23,715 ( -1.41 %) Buy XRP 189.08 ( -2.5 %) Buy Popular in Markets 1. Trump Media advances Bitcoin ETF plans with Truth Social Brand The cryptocurrency market witnessed a broad-based decline on Wednesday, with Bitcoin falling below the $105,000 mark amid cautious sentiment driven by macroeconomic factors and profit booking in 2:22 pm IST, Bitcoin was down 0.8% at $104,696, while Ethereum declined 1.3% to $2,607, according to CoinMarketCap. The global cryptocurrency market cap also dipped 1.19% to $3.29 market dominance fell to 63.3%, reflecting the broader weakness across major digital altcoins posted sharper losses. XRP fell 2.4%, Solana declined 3%, Dogecoin dropped 3.5%, and Cardano and Sui were each down 3%. Hyperliquid lost 4%, Chainlink dropped 4.2%, and Avalanche was the biggest loser with a 5.7% fall.'Bitcoin is consolidating near $105,000 even as risk-on markets remain cautious with new U.S. tariffs on steel and aluminium in effect,' said Vikram Subburaj, CEO at Giottus. 'BTC needs to reclaim $106,000 to retain its bullish momentum.'He added that structural metrics remain strong, with spot BTC's trading share on Binance rising from 26% to 35% over the past week. Additionally, over 20,000 BTC have been moved from exchanges like Kraken and Bitfinex to private wallets, signalling supply tightening and long-term holding Sehgal, Research Analyst at Delta Exchange, noted that Bitcoin's 4-hour chart shows a consolidation phase between the 100-period SMA at $107,000 and the 200-period SMA at $104,000. 'This range suggests indecision, and unless BTC breaks out of it, the short-term trend remains sideways,' she added that Ethereum was showing a mild bullish bias, with price action consolidating between $2,592 and $2,668. 'A potential golden crossover of the 20- and 50-period SMAs could boost momentum if confirmed. A breakout above $2,668 may trigger a rally toward $2,720.'Despite recent losses, U.S. spot Bitcoin ETFs recorded net inflows of $465 million over the past two days, after losing over $1 billion in the previous three sessions. Ethereum ETFs, meanwhile, marked a record 12-day inflow streak, supported by regulatory clarity around ETH staking, which the SEC has clarified is not classified as a securities Lee, Chief Analyst at Bitget Research, said the correction in altcoins such as Dogecoin and Cardano is part of a broader profit-taking trend. 'After a period of strong gains, investors are locking in profits, leading to short-term pullbacks. This is common in bull cycles where sharp rallies are followed by corrections,' he also pointed to renewed U.S. tariff tensions as contributing to global market uncertainty. 'Investors are adopting a more selective and conservative approach, focusing on assets with stronger fundamentals,' Lee Patel, Co-founder and CEO of Mudrex, said Bitcoin is holding near the $105,000 level as the market awaits a fresh catalyst. 'Institutional flows remain strong, with over $375 million entering Bitcoin ETFs, and large holders moving over 20,000 BTC to private wallets—signs of long-term conviction.'However, he cautioned that BTC needs to hold above $106,800 to maintain bullish momentum. 'A failure to stay above this level could lead to a short-term drop toward $103,200 before fresh buying resumes,' he said.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Mint
3 hours ago
- Mint
Defence alert: Crypto is turning into a geopolitical weapon
"I am not a fan of Bitcoin and other cryptocurrencies… Unregulated crypto assets can facilitate unlawful behaviour." That was Donald Trump in 2019, when he still voiced concerns shared by central bankers, International Monetary Fund (IMF) economists and financial crime experts across the world. The consensus was clear: crypto, while technologically innovative, lacked both intrinsic value and sovereign backing, and undermined anti-money laundering regimes as well as monetary integrity. Fast forward to 2025. Better educated perhaps by the America crypto lobby's campaign cheques and the sweat equity gifted to his family, Trump, now US president again, recently signed Executive Order 14178. A stroke of the pen dismantled many of the regulatory guard-rails once deemed essential. Not long after, the Trump family entered the crypto business. One of their earliest strategic partners was Pakistan, a state associated with cross-border terrorism, shady finances and furtive fund diversion. Also Read: The triumph of crypto bros: Don't just shrug and move on What should India make of a superpower whose political leaders launch private currencies? Or of a country where former convicts are rehabilitated as strategic advisors to sovereign crypto councils? Are we witnessing a global power in search of infinite minting rights without democratic oversight but with the full cover of plausible deniability? Changpeng Zhao, former CEO of Binance, pleaded guilty to serious anti-money laundering failures, spent time in US custody and paid $4.3 billion for a settlement. His crypto exchange facilitated transactions for sanctioned groups like Hamas—flows that would never get past a regulated banking system. The Binance blow-up should have ended his financial career. Instead, he now advises Pakistan's official crypto task force. Justin Sun, whose firm invested $30 million in Trump-linked World Liberty Financial, was under investigation by the US Securities and Exchange Commission for civil fraud. Today, he is a front-row guest at US political fund-raisers. Are crypto dealings the new way to buy influence in the US? This seems like a gateway through which otherwise ineligible actors—be it individuals, regimes or rogue states—are quietly admitted into the global financial order, now that the need for institutional legitimacy appears to be receding behind the opacity that once resulted in exclusion. Also Read: Mint Quick Edit | De-dollarization: Trump should target crypto, not Brics It's a return to Cold War-style shadow financing, but with the support of blockchains instead of banks. So much for the superpower that lectures the world on clean governance. When financial opacity is rebranded as innovation, geopolitics takes on a new form we should all be wary of. The IMF and World Bank have been vocal in their concerns. The IMF has warned that widespread adoption of private cryptocurrencies threatens monetary sovereignty, enables illicit flows and undermines capital controls, especially in emerging markets. We saw disruptions in El Salvador, Nigeria, and Lebanon, where crypto experiments coincided with capital volatility and institutional erosion. Terror finance remains an enduring threat to global security. The Financial Action Task Force (FATF) has repeatedly highlighted how terrorist groups exploit crypto to bypass formal banking oversight. Yet, Pakistan has FATF clearance. For a country like India—on the front-line of cross-border terrorism—this is a real risk. Crypto has operationalized what could be described as 'eHawala': borderless transfers in real time that can stay hidden. A sovereign nation should not let private entities mint currency, however trendy or popular it proves. To its credit, the Reserve Bank of India saw this coming. Its resistance to private cryptocurrency is neither timidity nor technophobia—it is an assertion of monetary sovereignty. In today's world, capital flows can be weaponized. It is therefore a matter of national security to ensure such weapons are not aimed at us. Also Read: Trump's crypto reserve: An odd idea with a silver lining for the world Yet, the pressure to capitulate is mounting. Global crypto platforms, freshly repackaged as fintech innovations, have been pushing for softer regulation. In India, domestic actors have lobbied against India's high tax on crypto gains by arguing that crypto capital must be stopped from fleeing offshore. In matters of financial security, arguing that crypto should remain unchecked because conventional checks aren't flawless is not just illogical, but dangerously juvenile. Even if the US exerts diplomatic pressure, India mustn't oblige. Instead, India should put systems in place for crypto deterrence. Cutting-edge surveillance tools, forensic finance capabilities and offensive digital arsenals could be deployed against adversarial scenarios of crypto being used as a Trojan horse to destabilize our financial system. Just as strategic weapons are kept discreet, so must this. The future of finance may well be digital. But that future must be guided by sovereign plans, not determined by offshore hype or patronage games. In the crypto age, our sovereignty must be defended with the same strategic intent that we apply to borders, seas, airspace and cyberspace. Crypto is now a geopolitical instrument and potentially a vector of strategic harm. It needs to be viewed as a weaponizable tool, even as we secure our financial architecture from any threat it may pose. This is no longer a matter for committees to discuss. It is a political decision—one that cannot be deferred without consequences. The author is a corporate advisor and author of 'Family and Dhanda'
