'Rich Dad' Kiyosaki Warns 'Major Market Crash Has Begun...Buy Silver'

[The Financial News] Robert Kiyosaki, author of "Rich Dad Poor Dad," has warned that a massive crash will hit global financial markets by 2026. He predicted that problems in the "private credit" portfolio held by BlackRock, the world's largest asset manager, will become the trigger for the coming economic crisis.
On the 9th (local time), Kiyosaki posted a message on his social media account on X (formerly Twitter). He stated, "In my 2013 book 'Rich Dad's Prophecy,' I warned that the biggest stock market crash in history had not yet arrived, but in 2026 it now feels like the crash I talked about back then is beginning, and that scares me."
He argued that the core causes of the 2008 global financial crisis have never been properly resolved. According to Kiyosaki, governments and markets have merely postponed the problem with astronomical amounts of debt, so the crash to come will be even more devastating than past crises.
Kiyosaki went on to say, "Just days before the bankruptcy of Lehman Brothers Holdings Inc. in 2008, I appeared on Cable News Network (CNN) and called it exactly right," stressing that his latest forecast is not simply meant to stir up fear in the markets.
Above all, he criticized the structural problems of the private credit products run by BlackRock, comparing them to a Ponzi scheme. He warned that if BlackRock were to collapse, the retirement savings accumulated by baby boomers around the world could be wiped out. A Ponzi scheme is a type of financial fraud in which returns to existing investors are paid using funds from new investors.
As a way to navigate this looming economic disaster, Kiyosaki recommended investing in real, tangible assets. He listed several assets that he believes investors must hold, including gold, silver, Bitcoin, Ethereum, and oil well partnerships.
Among these, he placed particular emphasis on the value of silver. Kiyosaki noted, "Even in 2026, anyone can buy 'junk silver'—old physical silver coins—for just 10 dollars," and advised, "If you have no money, skip a meal for a day if you must and come up with that 10 dollars to buy silver." He explained that this is more than a simple profit-seeking investment. Talking with dealers who trade gold and silver and learning how the real economy works is, in his view, a form of "financial education."
Kiyosaki also said, "The seemingly small act of investing 10 dollars in silver will make you healthier, richer, and a better person." He emphasized that instead of relying on government institutions or the existing financial system, individuals need to take the initiative to protect their own wealth.
As concerns mounted over potential losses in the private credit market, which has ballooned to about 1.8 trillion dollars (roughly 2,642 trillion won), BlackRock halted redemptions from a major private credit fund on the 6th. The move came after intense pressure from investors rushing to pull out their money. As fear spread through the market, BlackRock's share price on the New York Stock Exchange (NYSE) plunged as much as 8.3% intraday.


hsg@fnnews.com Reporter Han Seung-gon Reporter