Rich Dad warns: The biggest stock market crash in history has begun, baby boomers may be destroyed, don't buy bitcoin spot ETFs

Rich Dad tweeted today that the worst stock market crash in global history he predicted in 2014 could have happened and could destroy the future of millions of baby boomers around the world. He said that the current 401k and IRA are definitive contribution pension plans, so when the market crashes, retirees can only get back some of their assets (if there is still investment leftover). In addition, rich dad also attacked gold, silver and bitcoin ETFs, which he believes are as fake as the dollar and US bonds. (Summary: Rich Dad: The United States is more than $230 trillion in debt and preparing for bankruptcy, and I am using "counterfeit money" to buy special bitcoin) (Background supplement: Rich Dad warns: There will be the biggest stock market crash in history this year!) Millions of people are unemployed, "buying bitcoin can save lives") Robert Kiyosaki, author of the best-selling investment and financial management book "Rich Dad's Poor Dad", tweeted today that his 2014 book "Rich Dad's Prophecy" predicts that the world will face the worst stock market crash in history, and unfortunately, this "prophecy" has happened. And could destroy the future of millions of baby boomers (a generation born between 1946 and 1964) around the world. IN Rich Dads Prophecy, published in 2014 I predicted the biggest stock market crash was still coming. Unfortunately that crash has arrived….possibly wiping out the futures of millions of baby boomers World wide. US Baby boomers are the first generation with a 401k and... — Robert Kiyosaki (@theRealKiyosaki) March 9, 2025 American Baby Boomers 401k, IRA pension system may collapse Rich dad pointed out, The American baby boomers were the first generation to have 401(k) and IRAs (i.e., definitive contribution pension plans), while the World War II generation (those born before 1933) had "definite benefit pension plans", and when the two suffered a market crash, the difference was as follows: In the event of a market crash, a definite payment basis (DB) pension must be paid to the investor as promised. But in the event of a market crash, it is determined that the Contribution System (DC) pension only pays the portion of the investor's own deposit...... If there is anything left after the market crashes. Determining Contribution System (DC) Pension Plans: For example 401(k) and IRAs are funds jointly deposited by individuals and employers (if there is a matching mechanism) and put these funds into investment vehicles such as the stock market and bond market. The amount of the pension depends on the performance of the investment, and if the market crashes, the value of the portfolio may shrink significantly, or even lose a lot, resulting in a significant reduction or loss of funds in the pension account. Rich Dad: ETFs are as fake as US dollars and Treasuries While predicting future market crashes, Rich Dad did not forget to criticize the current financial system, saying: Our education system lacks reliable financial education, Wall Street profits from "stupid" investors, and the public naively believes that their academic education can protect itself in a world controlled by corrupt and criminal "bankers". These bankers use huge amounts of money, huge campaign funds to deceive the public, who know nothing about finances, and influence naïve political leaders. So how do you get out of and beat this corrupt currency Ponzi scheme? Rich Dad went on to say, "Invest and hold real gold, silver and bitcoin." However, the advice here is not to invest in gold, silver and bitcoin ETFs, because he believes that ETFs are as fake as US dollars and US bonds: but I would never buy gold, silver or bitcoin ETFs, in my opinion, ETFs are as fake as US dollars and US Treasuries. Related reports MicroStrategy Michael Saylor: Can provide a "zero-cost" strategy to increase bitcoin reserves; Grok also gave advice Michael Saylor: The United States should buy 5-25% of the total amount of bitcoin by 2035, and the Treasury can collect $10 trillion a year in the future Weekly Trump White House Crypto Summit Speech, U.S. Establishment of Bitcoin Strategic Reserve, Tariff Delay "Rich Dad Warning: The biggest stock market crash in history has begun, baby boomers may be destroyed, don't buy bitcoin spot ETFs" This article was first published in BlockTempo The most influential blockchain news media.