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

“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 [sic],” Robert Kiyosaki wrote in a tweet on X.

He went on to urge investors to buy gold, silver and Bitcoin. “I strongly believe, by 2035, that one Bitcoin will be over $1 million dollars. Gold will be $30k [sic] and silver $3,000 a coin. It will be the easiest money you ever made,” he wrote.

Discover Next: Robert Kiyosaki Is Dumping Gold and Silver: Here’s What He’s Buying Instead

Try This: 6 Things You Must Do When Your Savings Reach $50,000

Kiyosaki is no stranger to doom-and-gloom catastrophizing. Back in 2002, he wrote an entire book about his bearish predictions. The title says it all: “Rich Dad Prophecy: Why the Biggest Stock Market Crash in History Is Still Coming…and How You Can Prepare Yourself and Profit from It!”

So based on Kiyosaki’s prediction of a “Greater Depression,” which parts do other financial experts agree with — and which do they disagree with?

Trending Now: Suze Orman’s Secret to a Wealthy Retirement–Have You Made This Money Move?

Agree: Uncontrolled Public and Private Debt

Rising debt in the U.S. should raise more alarm bells than it has. The Federal Reserve reported that household debt reached an all-time high of $18.20 trillion in the first quarter of 2025.

“Consumer, corporate and government debt is out of control,” said Rod Skyles, writer for The Unconventional Economist. “The forces driving interest rates higher seem to be building at a rapid rate, creating at least the environment for a death spiral of debt.”

Read Next: The Living Wage a Family of 4 Needs in All 50 States

Agree: Uncontrolled Deficit Spending

Surging deficit spending at all levels of government have laid the foundation for a potential debt crisis. “The key driver to all this is U.S. government deficit spending, which leads to a much higher overall U.S. debt,” Skyles added. “We are currently in the fourth year of the worst Treasury market in history.”

Agree: Inflation and Recession Risk Loom Ahead

In the May issue of the Wolters Kluwer Blue Chip Economic Indicator survey, economists forecast a 72% probability of U.S. inflation increasing “meaningfully” again over the next six months.

The survey of economists also averaged a 47% probability that a U.S. recession will occur over the next 12 months.

Disagree: A ‘Greater Depression’ Is Imminent

Economists do see a real risk of stagflation. The Blue Chip Economic Indicator survey uses a “misery index” as a gauge of stagflation, representing the sum of the inflation rate and the employment rate. Economists see it climbing to a peak of 8.1% in the third quarter of 2025 before gradually easing to 6.9% in Q4 of 2026.

“These results are high relative to the years before the pandemic, but still far below readings in the 1970s and 1980s. The index was above 12% for much of that period and reached 19.9% in 1975 and 22.0% in 1980,” explained Frank Ready of Wolters Kluwer.

Michelle Green, chief economist at Board, said she projects slower growth but not a deep depression. “We’ve revised our real GDP forecast from 2.4% to 1.3% for 2025, with moderately rising unemployment and persistent inflationary pressures. This combination creates what economists would typically classify as mild to moderate stagflation rather than a depression-level economic collapse,” she said.

Disagree: Investors Can Get Rich Quick With Hard Assets

As the department chair of finance and economics at Adelphi University, Dr. Mariano Torras said Kiyosaki diminishes his message with his “get rich quick” talk. “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.”

Instead, Dr. Torras sees these as more defensive assets to help preserve purchasing power. If a “greater depression” actually does come along, everyone will feel pain — but some will feel less of it than others.

More From GOBankingRates

This article originally appeared on GOBankingRates.com: Robert Kiyosaki Says a ‘Greater Depression’ Is Coming — Do Other Experts Agree?