Kathmandu. Famous investor and author Robert Kiyosaki has issued a big warning. He has called it the ‘biggest stock market crash in history.’ He says, ‘This current recession could be worse than the Great Depression of 1929.’
Kiosaki wrote on social media platform ‘X’, ‘Everything’s bubble is bursting. I fear this could be the biggest crisis in history.’ His warning comes amid a steady decline in the US stock market. The Nasdaq Composite fell more than 4 percent on Monday. While the S&P 500 fell about 2.7 percent.
The S&P 500 has already fallen 8.5 percent from its peak in February. The S&P 1500 Super Composite Index has lost about $4.9 trillion since mid-February, reflecting growing investor anxiety.
“Incompetent leaders have led us into a major crash,” Kiyosaki said, referring to the economies of Germany, Japan and the US. He predicted a major market decline in his book “Rich Dad Prophecy.”
“Everything is bursting in a bubble. I fear this could be the biggest crash in history,” Kiyosaki wrote in “X.” Germany, Japan and the US have been the engines of growth so far. Unfortunately, our incompetent leaders have led us into a trap.’
Investment analysts are also predicting a recession. ‘Trump was supposed to be a market savior by promising lower tariffs and less stringent regulations,’ said Dan Coatsworth at AJ Bell in London. ‘Now his actions are a sign of doom. The ‘R’ word is on everyone’s lips again as people wonder whether trade tariffs will backfire and lead the US into recession rather than economic prosperity.’
US trade policies have exacerbated the financial crisis. A Reuters poll showed growing concern among economists in the US, Canada and Mexico about the impact of tariffs. Seventy of 74 economists in Canada, the US and Mexico surveyed believed the risk of a recession had increased. Inflation risks have increased, especially in the US.
Globalman Sachs has revised its 2025 US growth forecast downwards, citing a “more adverse tariff outlook”. While inflation risks are increasing.
Trump’s recent 20% tariff hike on Chinese imports and threat of 25% tariffs on Canada and Mexico have added to the uncertainty. Despite the gloomy outlook, Kiyosaki advises against panic. “It’s normal to be scared and anxious, don’t panic,” he writes. Instead, investors should remain ‘steady’ and ‘keep their eyes open and their mouths shut’ and view crises as potential investment opportunities.
Recalling the 2008 financial crisis, Kiyosaki said, “The current recession could be the opportunity of a lifetime.”
