The author of the bestselling book, ‘Rich Dad Poor Dad’, Robert Kiyosaki, has warned against saving fiat money, calling it “fake” and urging people to protect themselves with real assets like gold, silver, and Bitcoin.
In a series of posts on X on Monday, the author insisted that the American financial system is heading toward another inevitable crisis — and this time, he says, no one may be able to bail it out.
Kiyosaki traces the roots of global financial instability back to 1971, when the United States ended the gold standard under President Nixon.
”In 1998 Wall Street got together and bailed out a hedge fund LTCM: Long Term Capital Management. In 2008 the Cental Banks got together to bail out Wall Street. In 2025, long time friend, Jim Rickards is asking who is going to bail out the Central Banks?”
According to Kiyosaki, each economic crash has grown worse because underlying problems have never been addressed.
“In other words each crisis gets bigger because they never solve the problem….a problem which started in 1971 when Nixon took the US Dollar off the gold standard.”
He cited economist and author Jim Rickards’ prediction that the next financial meltdown may be sparked by the collapse of $1.6 trillion in student loan debt.
Warning that fiat currency is “fake money,” Kiyosaki urged individuals to take matters into their own hands: “As I have been warning for years, the best way to protect yourself is not by saving fake fiat money. As I stated over 25 years ago, in Rich Dad Poor Dad, ‘The rich don’t work for money’ and ‘Savers are losers.’”
His advice for ordinary people is direct: “For most people, the best way to protect yourself is by bailing yourself out. You bail you and your family out by saving real gold, silver, and Bitcoin…. No ETFs.”
Kiyosaki said the financial crash he predicted in his 2012 book Rich Dad’s Prophecy has already begun. He questioned what recourse individuals would have if central banks failed.
“If Jim Rickards is correct in asking: ‘Who will bail out the Central Banks, like the Fed….a more important question is: “Who will bail you out?’ Please take care… bail yourself out…by saving real gold, silver, and Bitcoin.”
The bestselling author did not hold back in his attack on conventional investment advice.
Branding the idea that bonds are safe as the “Big F’n Lie,” Kiyosaki wrote, “For years financial planners have been lying to their ‘chumps’ a.k.a. ‘clients’ that ‘US bonds are safe.’ Only a chump would believe that BS.”
He also warned about the dangers of counterparty risk, making a scathing comparison.
“Lesson: Nothing is safe if there is ‘counter party-risk.’ Stupid example of counter party risk: would you let a convicted pedafile baby-sit your kids, if his parole officer said, ‘He served his time.’”
Taking further aim at U.S. monetary policy, Kiyosaki wrote: “Since 1971 the FED and US Treasury have been printing fake fiat money, a.k.a US Bonds covering up for criminal enterprises, a.k.a. ‘The Swamp’ that Trump and Elon are exposing via DOGE.”
He encouraged investors to take charge of their financial future, “If your financial planner had you drink the ‘US Bonds are safe,’ Kool Aide I would fire or sue them for malpractice and stupidity.”
Quoting J.P. Morgan, Kiyosaki added: “As JP Morgan said years ago, ‘Gold is money…everything else is toilet paper.’
“As you know I have been a broken record pleading with people to buy real gold, silver, and Bitcoin….no ETFs. ETFs are more expensive toilet paper.”
He claimed that central banks are already abandoning U.S. bonds in favour of gold. “When Moodys downgraded US toilette paper… I feel vindicated. Central banks are dumping US bonds to buy gold, and no one wants to buy more US toilet paper. America is in serious trouble.”
