{"id":653717,"date":"2026-03-13T23:04:14","date_gmt":"2026-03-13T23:04:14","guid":{"rendered":"https:\/\/www.europesays.com\/us\/653717\/"},"modified":"2026-03-13T23:04:14","modified_gmt":"2026-03-13T23:04:14","slug":"rich-dad-poor-dad-author-sends-blunt-message-on-new-depression-warning","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/653717\/","title":{"rendered":"‘Rich Dad Poor Dad’ author sends blunt message on ‘New Depression’ warning"},"content":{"rendered":"\n

Whether it’s oil prices, gold wicks, or crypto candles, nothing escapes the watch of personal finance author\u00a0Robert Kiyosaki<\/a>.<\/p>\n

The author of the best-selling book “Rich Dad Poor Dad” is well-known for his criticism of the centralized banking system and advocacy for assets like gold, silver, Bitcoin (BTC), and Ethereum<\/a> (ETH).<\/p>\n

As the war between the U.S.-Israel and Iran continues, he reiterated his market crash warning and said\u00a0private credit funds,\u00a0large banks, and financial institutions\u00a0are panicking because of withdrawals by investors.<\/p>\n

Related: ‘Rich Dad Poor Dad’ author makes shocking asset choice<\/a><\/strong><\/p>\n

In a long X post<\/a> on March 13,\u00a0Kiyosaki\u00a0echoed Jim Rickards’ warning on\u00a0a “New Depression” in the U.S.<\/p>\n

A Wall Street veteran, Rickards wears many hats as an investment banker, market analyst, and author. In his 2021 book “The New Great Depression: Winners and Losers in a Post-Pandemic World,”\u00a0he described in detail the economic crisis in the U.S. following the\u00a0COVID-19 pandemic. Layoffs, bankruptcies, bank runs, deflation, and debt will be common in the U.S. and market chaos will lead to social disorder, he warned in the book.<\/p>\n

But in his book, Rickards also recommended ways for smart investors to\u00a0preserve their wealth during the “worst” economic crisis in U.S. history.<\/p>\n

Kiyosaki told his followers that he only plans to get rich and not\u00a0become “a victim who gets poorer.” This is why he said he is investing in\u00a0oil, silver, gold, Bitcoin, and Ether.<\/p>\n

He asked his followers to take advantage of bank runs.\u00a0A bank run occurs when a large number of customers simultaneously withdraw their deposits from a bank due to fears of its insolvency or imminent collapse.<\/p>\n

When customers withdraw their deposits, one should figure out where that money is getting poured into, he advised.<\/p>\n

\n

\u201cSmart money is getting richer and stupid money is running…\u00a0Now is not the time to be a headless chicken,”<\/strong> he said.<\/p>\n<\/blockquote>\n

Both market booms and crashes are opportunities to become richer, he concluded.<\/p>\n

West Texas Intermediate (WTI),\u00a0the\u00a0North American\u00a0crude oil benchmark, rose more than 1% today to trade at $96.83 per barrel.<\/p>\n

Brent oil,\u00a0the global oil benchmark, also rose more than 1% to trade at $101.59 per barrel.<\/p>\n

The precious metals, however, fell today.\u00a0Gold’s price fell around 1.5% to $5,043.26 per ounce, and silver’s price around 6% to $79.89 per oz.<\/p>\n

But the cryptocurrencies significantly surged today before retreating. Bitcoin approached $74,000 but dropped to\u00a0$71,829.28 at press time. Ether hit $2,200, only to drop to\u00a0$2,132.97 at press time.<\/p>\n

Disclaimer:<\/strong> This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and risky. Always conduct your own research before making any investment decisions.<\/p>\n

Related: Oil surge to $120 could reignite inflation fears, analyst warns<\/a><\/strong><\/p>\n

This story was originally published by TheStreet<\/a> on Mar 13, 2026, where it first appeared in the Personal Finance<\/a> section. Add TheStreet as a Preferred Source by clicking here.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Whether it’s oil prices, gold wicks, or crypto candles, nothing escapes the watch of personal finance author\u00a0Robert Kiyosaki.…\n","protected":false},"author":3,"featured_media":653718,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[277263,6017,210,277262,517,11411,65776,9593,67,132,68],"class_list":{"0":"post-653717","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-mental-health","8":"tag-bank-runs","9":"tag-depression","10":"tag-health","11":"tag-jim-rickards","12":"tag-mental-health","13":"tag-oil-prices","14":"tag-rich-dad-poor-dad","15":"tag-robert-kiyosaki","16":"tag-united-states","17":"tag-unitedstates","18":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/116224374324384434","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/653717","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=653717"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/653717\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/653718"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=653717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=653717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=653717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}