New Delhi: Renowned author Robert Kiyosaki has once again raised concerns about a looming global economic recession. Kiyosaki, best known for his book Rich Dad Poor Dad, stated that the world is already experiencing a recession. He shared his views in a post on social media platform ‘X’, emphasizing the need for financial awareness and caution.
Kiyosaki’s Repeated Warnings
Kiyosaki has been warning people about economic downturns since publishing Rich Dad’s Prophecy in 2012. He urged individuals to embrace learning and adaptability while cautioning them against misleading financial advisors. In his post on ‘X’, Kiyosaki wrote, “Is the world in a recession? My answer is, yes.” He reiterated that he has been trying to warn people for years and posed a question: “Is it too late to learn and change?” Answering it himself, he stated, “No. You have time, and time is always an asset.”
Fear of Missing Out vs. Fear of Making Mistakes
Kiyosaki compared FOMO (Fear of Missing Out) with FOMM (Fear of Making Mistakes), asserting that traditional education systems instill FOMM. He encouraged individuals to utilize platforms like YouTube for self-education and warned against deceptive financial advisors. He stated, “The best and worst education is free.”
Further elaborating, Kiyosaki said, “The fact is that the world is in a recession. Inflation is rising. Unemployment is also increasing.” He urged people to reflect on their financial choices, asking, “Will this recession make you richer or poorer? The choice is yours, and your education can be free.” Concluding his message, he advised, “Stay aware and make this recession the best thing to happen in your life. That power lies with you.” His statements have heightened global concerns about an impending economic crisis.
The World Economy Faces a Tough Phase
JP Morgan’s Chief Global Economist Bruce Kasman has also raised concerns about a potential recession in the U.S., citing ‘anti-business policies’ as a contributing factor. Kasman warned that a declining trust in governance could negatively impact investment in the U.S.
Financial giants Goldman Sachs and Morgan Stanley have both revised their GDP growth forecasts for the U.S. in 2025, predicting a slowdown to a range of 1.5%–1.7%. This indicates a sluggish economic trajectory.
With Kiyosaki’s warnings aligning with economic experts’ revised forecasts, it is evident that the global economy is entering a challenging phase. Individuals are advised to remain financially vigilant and make informed decisions. According to Kiyosaki, with the right education and preparation, people can navigate and even benefit from this economic downturn.
