Robert Kiyosaki Says a ‘Greater Depression’ Is Coming — Do Other Experts Agree?

Robert Kiyosaki predicts a “Greater Depression,” pointing to historic debt and rising deficits. Experts acknowledge serious risks, but most forecast stagflation and slow growth—not collapse. Gold, silver, and Bitcoin may offer defense, but not guaranteed riches.

Robert Kiyosaki’s warning of a looming ‘Greater Depression’ and weighs his bold predictions against the views of other financial experts. With soaring U.S. debt and mixed economic forecasts, we’ll examine which warnings resonate with mainstream economists, what is disputed, and what this all means for people seeking to preserve or grow their wealth.

A late-night scroll through social media can yield its fair share of alarming financial headlines, but Robert Kiyosaki’s recent call for a ‘Greater Depression’ in America hit differently. As someone who’s seen his fair share of worst-case economic projections over the years—from the dot-com bubble to the subprime meltdown—skepticism is my first response. Yet, when household debt hits record highs and even experts are hedging their bets, it’s hard not to feel a tinge of anxiety. Is Kiyosaki just playing Cassandra again, or is there real substance to his warnings? Let’s dig into what’s hype, what’s plausible, and what the experts are saying about your financial future.

Warning Signs: Debt, Deficits, and a Brewing Storm

The warning lights are flashing across the U.S. economy as household debt, deficit spending, and market volatility continue to climb. In early 2025, U.S. household debt soared to a record $18.20 trillion, according to Federal Reserve data. Credit card balances are also at all-time highs, a trend that has alarmed both financial doomsayers and mainstream economists. The US Debt Crisis is no longer a fringe concern — it’s front and center in economic discussions.

Robert Kiyosaki, author of “Rich Dad Poor Dad,” has been vocal about what he sees as a looming “Greater Depression.” In a recent statement, Kiyosaki warned, “In 2025 credit card debt is at all time highs. US debt is at all time highs. Unemployment is rising. 401k’s are losing. Pensions are being stolen. USA may be heading for a GREATER DEPRESSION.” His prescription? Move into hard assets like gold, silver, and Bitcoin, which he predicts will skyrocket in value as economic uncertainty deepens.

But Kiyosaki isn’t alone in sounding the alarm. Rod Skyles, writer for The Unconventional Economist, echoed similar concerns:

Consumer, corporate and government debt is out of control.

Skyles points to the rapid buildup of debt across all sectors — households, corporations, and the government — as a key driver of economic instability. He notes that the forces pushing interest rates higher are creating “the environment for a death spiral of debt.” This is not just about numbers on a balance sheet. It’s about the real risk of a US Debt Crisis spiraling out of control.

Deficit spending is another major red flag. The U.S. government’s ongoing reliance on borrowing to fund operations has led to what Skyles calls “the fourth year of the worst Treasury market in history.” Demand for U.S. Treasury bonds is at historic lows, raising new questions about America’s long-term fiscal health. Economists warn that this lack of appetite for Treasuries could be a critical inflection point, signaling deeper market volatility ahead.

Research shows that these trends are not isolated. The Federal Reserve’s own data highlights the unprecedented rise in credit card and household debt. Meanwhile, deficit spending continues to fuel pessimistic forecasts, even among experts who don’t share Kiyosaki’s most dire predictions. The combination of high debt, low Treasury demand, and persistent deficit spending is creating a perfect storm of economic uncertainty.

What makes today’s scenario unique, analysts say, are the new twists: the rise of digital currencies, ongoing global instability, and persistent policy gridlock in Washington. These factors add layers of complexity to an already volatile market environment. While some experts stop short of predicting a full-blown depression, most agree that the risks associated with unsustainable debt levels are higher than ever.

As the debate continues, one thing is clear: the U.S. faces a brewing storm of debt, deficits, and uncertainty. The path forward remains murky, and the stakes have rarely felt higher.

Just How Dire? Parsing Predictions of a ‘Greater Depression’

Robert Kiyosaki’s warnings of a looming “Greater Depression” have made waves across financial circles and social media. In his recent posts, Kiyosaki points to record-high credit card debt, surging U.S. government deficits, rising unemployment, and declining retirement accounts as evidence that the United States is on the brink of a historic economic collapse. He urges investors to buy gold, silver, and Bitcoin, predicting astronomical price gains for these assets as a hedge against what he sees as inevitable hyperinflation and financial turmoil.

But how do these predictions stack up against mainstream economic expert opinions and the latest economic forecasts? Research shows that while experts acknowledge the risks of inflation and economic slowdown, their outlook is far less apocalyptic than Kiyosaki’s.

Debt and Deficit Concerns: Points of Agreement

There is consensus among economists that both public and private debt levels are at historic highs. The Federal Reserve reports U.S. household debt reached $18.2 trillion in early 2025. Rod Skyles, writing for The Unconventional Economist, notes, “Consumer, corporate and government debt is out of control.” He adds that rising interest rates and persistent deficit spending are creating a precarious environment for the U.S. economy.

Experts agree that surging deficit spending is a significant risk factor. “We are currently in the fourth year of the worst Treasury market in history,” Skyles observes, highlighting the challenges facing the U.S. debt market. These factors, combined with high inflation and a softening labor market, set the stage for economic headwinds.

Stagflation Forecast: More Likely Than a Depression

Despite these risks, most economic expert opinions stop short of forecasting a “Greater Depression.” Instead, the prevailing stagflation forecast suggests a period of slow growth and persistent inflation—painful, but not catastrophic. According to the May Wolters Kluwer Blue Chip Economic Indicator survey, there is a 72% probability that U.S. inflation will “meaningfully” rise in the next six months, and a 47% chance of a recession within a year.

The survey’s “misery index”—a sum of the inflation and unemployment rates—is expected to peak at 8.1% in the third quarter of 2025. For context, the misery index soared above 19% during the worst years of the 1970s and 1980s. Frank Ready of Wolters Kluwer explains, “These results are high relative to the years before the pandemic, but still far below readings in the 1970s and 1980s.”

We’ve revised our real GDP forecast from 2.4% to 1.3% for 2025, with moderately rising unemployment and persistent inflationary pressures. – Michelle Green

Michelle Green, chief economist at Board, echoes this sentiment. She describes the outlook as “mild to moderate stagflation rather than a depression-level economic collapse.” GDP growth projections for 2025 remain positive, albeit at a slower pace.

Asset Strategies and Skepticism

Kiyosaki’s calls for investors to get rich quick with gold, silver, and Bitcoin are met with skepticism by many economists. Dr. Mariano Torras, department chair at Adelphi University, agrees that tangible assets can help preserve purchasing power but warns against expecting windfall profits. “If a ‘greater depression’ actually does come along, everyone will feel pain—but some will feel less of it than others,” he notes.

In summary, while Kiyosaki’s “Greater Depression” language grabs attention, the broader economic forecast points to stagflation and slower growth, not a full-blown economic apocalypse. The misery index and GDP projections remain well below historic crisis levels, offering a more measured, if still cautious, outlook.

Should You Bet on Gold, Silver, and Bitcoin? Hype vs. Hedge

Robert Kiyosaki’s predictions have always sparked debate, but his latest claims are bolder than ever. According to recent Robert Kiyosaki predictions, gold could soar to $30,000 per ounce, silver might reach $3,000 per coin, and Bitcoin could break the $1 million mark by 2035. These numbers are eye-catching, but do they reflect reality—or just hype?

Kiyosaki’s investment advice centers on tangible assets. He urges Americans to buy gold, silver, and Bitcoin as a shield against what he calls a looming “Greater Depression.” The reasoning? With U.S. debt and credit card balances at record highs, and economic uncertainty mounting, he believes traditional investments are at risk. Instead, he points to gold investment, silver prices, and Bitcoin predictions as the answer.

Yet, most financial experts urge caution. While there’s broad agreement that economic risks are rising, the idea that gold, silver, or Bitcoin will make investors rich overnight is widely disputed. Dr. Mariano Torras, department chair of finance and economics at Adelphi University, puts it bluntly:

While he is likely correct that there are stormy seas ahead and I agree with him that we should put our money in tangible investments like property, metals and commodities, I do not expect to get ‘rich’ doing so.

Research shows that tangible assets like gold, silver, and even real estate can help stabilize wealth during turbulent times. However, these are generally seen as defensive moves—ways to preserve purchasing power, not to generate massive windfalls. The mainstream motto, it seems, is financial resilience, not speculation.

Experts also note that passive income strategies—such as real estate investing—can help weather economic volatility. Kiyosaki himself has long championed real estate for its ability to generate cash flow and hedge against inflation. But here too, there are no guarantees. Market downturns, rising interest rates, and unexpected expenses can all erode returns. As one analyst noted, “Passive income is about building resilience, not riches.”

So, what’s the real takeaway from the current debate over gold, silver, Bitcoin, and other hard assets? Most experts agree that these investments can play a role in a diversified portfolio, especially during periods of high inflation or economic uncertainty. But the idea of betting the farm on Kiyosaki’s extreme forecasts is met with skepticism.

In fact, the consensus among mainstream economists is that while risks like stagflation and rising debt are real, a “Greater Depression” is far from certain. The focus, they say, should be on building a buffer—using assets like gold, silver, and real estate to hedge against downside risk, not as a ticket to overnight wealth.

Ultimately, the debate over Robert Kiyosaki predictions and the future of gold, silver, Bitcoin investing continues. For now, the advice from most experts is clear: approach hard assets as stabilizers, not shortcuts to riches. The hype may grab headlines, but the hedge is what endures.

The Human Angle: Money, Anxiety, and Navigating Market Volatility

When Robert Kiyosaki warns of a looming “Greater Depression,” the headlines alone are enough to make investors’ nerves fray. In times of economic uncertainty, market volatility becomes more than just a chart on a screen—it’s a source of real, everyday anxiety. For many, the fear isn’t just about numbers; it’s about livelihoods, retirements, and the future stability of families.

Financial predictions, especially those as dire as Kiyosaki’s, can fuel kneejerk decisions. The temptation to pull out of markets, hoard cash, or chase the next “safe haven” asset is strong. Yet, history shows that the worst rarely unfolds exactly as predicted. Even in 2008, when the world seemed to be teetering on the edge, many who stayed the course ultimately recovered. Watching my own father’s nerves during that crisis, I saw firsthand how emotional resilience—paired with a steady investment strategy—can make all the difference. He resisted panic, avoided selling at the bottom, and eventually saw his portfolio rebound.

Research shows that human behavior during downturns is as critical as economic fundamentals. Panic is contagious. When headlines scream about record-high household debt or surging unemployment, as Kiyosaki and other economic expert opinions have highlighted, it’s easy to lose perspective. The financial industry, for its part, often profits from sensationalism. Apocalyptic forecasts attract attention, but rarely offer practical guidance for those seeking passive income strategies or long-term security.

That’s not to say the risks aren’t real. Economic experts do agree with Kiyosaki on several points: U.S. debt is at historic highs, deficit spending is rampant, and inflation risks are mounting. The Federal Reserve’s latest data confirms household debt has reached $18.2 trillion, and economists see a strong chance of inflation and even mild stagflation in the coming year. But most experts stop short of predicting a full-blown depression. Instead, they urge caution, diversification, and a focus on defensive assets—not get-rich-quick schemes.

In this climate, the best passive income strategies are those rooted in long-term thinking. Real estate, gold, and even select stocks may help preserve purchasing power, but they’re not guaranteed tickets to sudden wealth. As Dr. Mariano Torras of Adelphi University points out, tangible assets are about protection, not windfalls. “If a ‘greater depression’ actually does come along, everyone will feel pain — but some will feel less of it than others,” he notes.

Ultimately, navigating market volatility and economic uncertainty requires more than just reacting to headlines. It means staying informed, guarding against hype, and adapting investment principles to changing times. Emotional resilience—knowing when to tune out the noise and stick to a plan—often matters as much as the numbers themselves. As past panics have shown, the key to outlasting downturns is a blend of caution, patience, and the willingness to look beyond today’s fears toward tomorrow’s opportunities.

TL;DR: Robert Kiyosaki’s forecasts of a “Greater Depression” spark debate: most experts agree on rising debt and economic uncertainty, but few predict a full-scale collapse or quick riches from hard assets. Staying informed and diversified remains key.

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