Week in Review: Robert Kiyosaki Predicts Historic Crash, Gary Gensler Sets Aggressive Crypto Crackdown, Crypto Bloodbath Results in $1.5B Liquidated, and More

Rich Dad Poor Dad author Robert Kiyosaki warns of an imminent economic collapse, urging swift action as baby boomers...

Robert Kiyosaki, author of the personal finance book Rich Dad Poor Dad, has issued a dire warning about an impending economic collapse that will be the worst in history, advising investors to reconsider their asset allocations and prepare for the coming downturn.

In a recent tweet, Kiyosaki urged investors to sell three major assets: stocks, bonds, and real estate. He specifically highlighted the risks posed by baby boomers, who he believes are overleveraged and setting up the next generation for failure.

"3 assets to sell now, baby boomers are overleveraged, setting up Gen X, Y, Z for historic crash,” Kiyosaki wrote. “They must sell stocks, bonds, real estate to survive. Don't let them take you down with them. Get out of the markets now, buy gold, silver, bitcoin before they crash.”

Kiyosaki's economic predictions have often centered on the importance of preparing for financial crises and investing in hard assets like gold, silver, and bitcoin. In his book, he advocates for financial literacy and acquiring income-generating assets to build wealth.

While some agreed with Kiyosaki's assessment of the economic situation and the need to adjust investment strategies, others expressed skepticism and differing opinions on the specific assets to sell or hold.