Robert Kiyosaki Warns: Move Your Money Out of Banks

Robert Kiyosaki, author of ‘Rich Dad Poor Dad,’ has recently turned his attention to the banking system, issuing a stark warning on August 18 through his social media platform.

He advised his followers to reconsider keeping their money in traditional banks, which he described as “corrupt” and vulnerable during financial crises.

Kiyosaki highlighted that the Federal Deposit Insurance Corporation (FDIC) insures deposits up to $250,000 but questioned the reliability of this system, suggesting it is inherently flawed. Instead, he urged people to protect their wealth by investing in precious metals and cryptocurrencies, which he referred to as “real money.”

He emphasized that bank failures are often unnoticed by the general public, making it risky to rely on traditional banking. “Why risk it? Move your savings into gold, silver, and Bitcoin,” Kiyosaki advised.

This stance is consistent with Kiyosaki’s long-held views against conventional banking and fiat currency. He believes an economic crash is imminent and that relying on the Federal Reserve is futile. Instead, he recommends alternative investments to safeguard wealth.

Kiyosaki’s warnings about a significant market downturn, including a potential 70% drop in the S&P 500, reflect his ongoing concern about economic instability and his advice for financial self-reliance.