{"id":148028,"date":"2025-05-31T23:39:11","date_gmt":"2025-05-31T23:39:11","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/148028\/"},"modified":"2025-05-31T23:39:11","modified_gmt":"2025-05-31T23:39:11","slug":"robert-kiyosaki-says-a-greater-depression-is-coming-do-other-experts-agree","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/148028\/","title":{"rendered":"Robert Kiyosaki Says a \u2018Greater Depression\u2019 Is Coming \u2014 Do Other Experts Agree?"},"content":{"rendered":"\n

\u201cIn 2025 credit card debt is at all time highs. US debt is at all time highs. Unemployment is rising. 401k\u2019s are losing. Pensions are being stolen. USA may be heading for a GREATER DEPRESSION [sic],\u201d Robert Kiyosaki wrote in a tweet on X<\/a>.<\/p>\n

He went on to urge investors to buy gold<\/a>, silver and Bitcoin. \u201cI strongly believe, by 2035, that one Bitcoin will be over $1 million dollars. Gold will be $30k [sic] and silver $3,000 a coin. It will be the easiest money you ever made,\u201d he wrote.<\/p>\n

Advertisement: High Yield Savings Offers <\/p>\n

Powered by Money.com – Yahoo may earn commission from the links above. <\/p>\n

Discover Next: Robert Kiyosaki Is Dumping Gold and Silver: Here\u2019s What He\u2019s Buying Instead<\/a><\/strong><\/p>\n

Try This: 5 Types of Cars Retirees Should Stay Away From Buying<\/a><\/strong><\/p>\n

Kiyosaki is no stranger to doom-and-gloom catastrophizing. Back in 2002, he wrote an entire book about his bearish predictions. The title says it all: \u201cRich Dad Prophecy: Why the Biggest Stock Market Crash in History Is Still Coming\u2026and How You Can Prepare Yourself and Profit from It!\u201d<\/p>\n

So based on Kiyosaki\u2019s prediction of a \u201cGreater Depression,\u201d<\/a> which parts do other financial experts agree with \u2014 and which do they disagree with?<\/p>\n

Rising debt in the U.S. should raise more alarm bells than it has. The Federal Reserve<\/a> reported that household debt reached an all-time high of $18.20 trillion in the first quarter of 2025.<\/p>\n

\u201cConsumer, corporate and government debt is out of control,\u201d said Rod Skyles, writer for The Unconventional Economist<\/a>. \u201cThe forces driving interest rates<\/a> higher seem to be building at a rapid rate, creating at least the environment for a death spiral of debt.\u201d<\/p>\n

Read Next: The Living Wage a Family of 4 Needs in All 50 States<\/a><\/strong><\/p>\n

Surging deficit spending at all levels of government have laid the foundation for a potential debt crisis. \u201cThe key driver to all this is U.S. government deficit spending, which leads to a much higher overall U.S. debt,\u201d Skyles added. \u201cWe are currently in the fourth year of the worst Treasury market in history.\u201d<\/p>\n

In the May issue of the Wolters Kluwer<\/a> Blue Chip Economic Indicator survey, economists forecast a 72% probability of U.S. inflation<\/a> increasing \u201cmeaningfully\u201d again over the next six months.<\/p>\n

The survey of economists also averaged a 47% probability that a U.S. recession will occur over the next 12 months.<\/p>\n

Economists do see a real risk of stagflation<\/a>. The Blue Chip Economic Indicator survey uses a \u201cmisery index\u201d as a gauge of stagflation, representing the sum of the inflation rate and the employment rate. Economists see it climbing to a peak of 8.1% in the third quarter of 2025 before gradually easing to 6.9% in Q4 of 2026.<\/p>\n

Story Continues <\/p>\n

\u201cThese results are high relative to the years before the pandemic, but still far below readings in the 1970s and 1980s. The index was above 12% for much of that period and reached 19.9% in 1975 and 22.0% in 1980,\u201d explained Frank Ready of Wolters Kluwer.<\/p>\n

Michelle Green, chief economist at Board<\/a>, said she projects slower growth but not a deep depression. \u201cWe\u2019ve revised our real GDP forecast from 2.4% to 1.3% for 2025, with moderately rising unemployment and persistent inflationary pressures. This combination creates what economists would typically classify as mild to moderate stagflation rather than a depression-level economic collapse,\u201d she said.<\/p>\n

As the department chair of finance and economics at Adelphi University<\/a>, Dr. Mariano Torras said Kiyosaki diminishes his message with his \u201cget rich quick\u201d talk. \u201cWhile he is likely correct that there are stormy seas ahead and I agree with him that we should put our money in tangible investments like property, metals and commodities, I do not expect to get \u2018rich\u2019 doing so.\u201d<\/p>\n

Instead, Dr. Torras sees these as more defensive assets to help preserve purchasing power. If a \u201cgreater depression\u201d actually does come along, everyone will feel pain \u2014 but some will feel less of it than others.<\/p>\n

More From GOBankingRates<\/strong><\/p>\n

This article originally appeared on GOBankingRates.com<\/a>: Robert Kiyosaki Says a \u2018Greater Depression\u2019 Is Coming \u2014 Do Other Experts Agree?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"\u201cIn 2025 credit card debt is at all time highs. US debt is at all time highs. Unemployment…\n","protected":false},"author":2,"featured_media":148029,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4317],"tags":[63467,22985,63466,105,218,16483,63469,16,15,63468],"class_list":{"0":"post-148028","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-mental-health","8":"tag-blue-chip-economic-indicator","9":"tag-credit-card-debt","10":"tag-gage-skidmore","11":"tag-health","12":"tag-mental-health","13":"tag-robert-kiyosaki","14":"tag-rod-skyles","15":"tag-uk","16":"tag-united-kingdom","17":"tag-wolters-kluwer-blue-chip-economic-indicator"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114605088078884723","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/148028","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=148028"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/148028\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/148029"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=148028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=148028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=148028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}