Recession News: Renowned author Robert Kiyosaki has offered another stark warning about a probable worldwide economic collapse that is expected to occur in 2025. He forecasts that this crisis will result in financial losses of $1.6 trillion (roughly Rs 137 lakh crore), primarily due to the collapse of the student loan system. Kiyosaki traces the roots of this economic instability back to 1971, when then-US President Richard Nixon delinked the dollar from the gold standard, a move he says damaged the true value of money and set the ground for future financial volatility. He raises the question of who will rescue central banks like the US Federal Reserve if they begin to fail, citing previous examples such as the 1998 Wall Street bailout.
Kiyosaki emphasises that repeated crises have gotten worse because underlying structural flaws have not been addressed. Supported by economic analyst Jim Rickards, he warns that the student loan market could require a $2.5 trillion rescue, making it a significant risk factor. Kiyosaki advises individuals to take responsibility for their own financial security, arguing that neither governments nor stock markets can be relied on in times of crisis. Instead, he suggests investing in actual assets like gold, silver, and Bitcoin, preferably in physical form rather than exchange-traded funds (ETFs).
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