‘Rich Dad Poor Dad’ Author Warns Of Market Crash ‘Bigger Than 1929’, Says ‘Everything Bubble’ Is Bursting

Last Updated:March 13, 2025, 10:56 IST

Despite market volatility, the best-selling author sees opportunity, sticking to his favoured investments: real estate, gold, silver, and Bitcoin

Robert Kiyosaki, the author of the bestselling personal finance book ‘Rich Dad, Poor Dad’, has issued a serious warning about the current state of the global markets. With trade wars and an unstable US stock market increasing the risk of a recession, Kiyosaki believes this downturn has the potential to be worse than even the 1929 crash that resulted in the Great Depression.

Taking to X, Kiyosaki declared, “THE EVERYTHING BUBBLE is bursting,” expressing his fear that this decline could be the most significant in history, a concern he claims to have previously highlighted in his writing. His warning comes amidst a backdrop of escalating trade tensions stemming from former US President Donald Trump’s tariff policies, and a faltering US market.

On March 10, the Dow Jones plummeted by 1100 points, while the Nasdaq experienced its largest drop since September 2022, falling over 4%. The S&P 500 also took a hit, closing 2.7% down. According to The Economic Times, the Dow Jones Industrial Average fell 1.1%, while the S&P 500 dropped 0.75%. The Nasdaq Composite, however, finished relatively unchanged. From their respective 52-week highs, the Nasdaq has retreated 14%, while the Dow and S&P 500 have come down 8% and 9% respectively. These alarming figures have reignited recession fears among experts, drawing parallels to the 2008 financial crisis.

Kiyosaki points to the precarious economic situations in Germany, Japan, and the US, arguing that “incompetent leaders” have steered us into this predicament. However, he urges calm amidst the fear, advocating for patience and a measured approach. He draws on his experience during the 2008 crisis, where he resisted panic and instead identified opportunities to acquire undervalued real estate.

“It is normal to be disturbed and fearful…. Just do not panic, Be stoic, which means keep your cool, take deep breaths, keep your eyes wide open and mouth shut. While millions will be crushed….you do not have to be one of them,” he wrote on X.

While acknowledging the current volatility, Kiyosaki maintains that this situation presents a significant opportunity. He outlines his own investment strategy, stating his intention to continue investing in real estate, gold, silver, and Bitcoin, assets he has consistently recommended in the past.

According to The Economic Times report, President Trump’s “Make America Great Again” agenda and fluctuating tariff policies have created global economic uncertainty. Effective March 12, the US imposed a 25% tariff on steel and aluminium imports, with no exceptions. In retaliation, the European Union will implement counter-tariffs on $28.33 billion worth of US goods starting in April. These trade tensions negatively impacted Indian markets, with the BSE Sensex falling 0.10% and the Nifty 50 index down 0.12% on Tuesday.