Robert Kiyosaki says incompetent leaders are pushing the world into recession

Rich Dad Poor Dad Author and investor Robert Kiyosaki has warned that economic mismanagement could push the world into recession as fears over the security of US gold reserves grow. Last week, President Donald Trump and Tesla CEO Elon Musk publicly questioned whether the gold at Fort Knox is still intact.

In a Monday X post, Kiyosaki called out global leaders for failing to manage inflation and the economy. The 77-year-old businessman warned that rising inflation rates could impact living standards for the worse.

“WHAT is the DIFFERENCE between 2% INFLATION & 3% INFLATION? 50%,” Kiyosaki wrote. “Our leaders are incompetent. They are pushing the world into a recession.”

He went on to caution his followers that if economic conditions deteriorate further, people could lose both their current and future standards of living. Kiyosaki concluded his post by advising them to invest in gold, silver, and Bitcoin for their “standard of living to keep going up” in the future.

US government’s strategy could pile on inflation pressures 

Kiyosaki’s warnings explain the general sentiment of Wall Street; the US economy could go into a recession as early as 2026. 

The year-over-year consumer price index (CPI) inflation has dropped from 6.1% in January 2024 to 3%, 1% more than the Federal Reserve’s target. The core personal consumption expenditures (PCE) price index closed in January at 2.6%, which was also above the central bank’s 2% target.

President Trump has promised to impose aggressive tariffs on imported goods, including 60% tariffs on imports from China, 25% on goods from Mexico and Canada, and 10-20% on most other imports. 

Supporters argue these tariffs will benefit American businesses by making foreign competitors less competitive, potentially boosting domestic job creation. 

Still, some economists, including central bank governors, believe the tariffs could lead to higher costs for US companies that rely on imported goods and materials. Many businesses would likely pass those costs onto consumers, mounting inflationary pressures.

On the labor market front, the US added 143,000 jobs in January, albeit the figure fell short of the projected 175,000 new jobs, according to the Bureau of Labor Statistics. 

Paul Stanley, chief investment officer at Granite Bay Wealth Management, said the latest job numbers suggest the Federal Reserve may not rush to cut interest rates. 

“If the labor market and inflation remain stable and at or near current levels, we still expect only two rate cuts this year,” Stanley said.

Kiyosaki: If Fort Knox is missing gold, US economy will collapse

In another social media post, Kiyosaki talked about a scenario of “what if” Fort Knox is missing gold reserves, predicting that it will cause an economic tumble. The heavily guarded US Army installation in Kentucky, located south of Louisville, is believed to house one of the world’s largest gold reserves.

“What if Trump finds gold in Ft. Knox is missing?” Kiyosaki posted. “I doubt gold is missing. I want to believe gold is there. BUT WHAT IF gold is missing? The U.S. economy would collapse. The dollar would crash. The world would be in chaos. And INFLATION would wipe out millions of people, families, and businesses,” surmised the renowned author.

Last Thursday, Trump announced he would personally inspect the facility to see whether the US gold reserves at Fort Knox are secure.

“I want to find out,” Trump told reporters last week. “So we’re going to open up the doors. I’m going to see if we have gold there. We want to make sure that we actually have, you know, 400 tons of gold or whatever the hell it is. It’s a lot of gold. I don’t want to open it, and the cupboards are bare. Could happen.”

Elon Musk joined the discussion on X, reckoning, “Maybe it’s there, maybe it’s not. That gold is owned by the American public! We want to know if it’s still there.”

This gold is the property of the American people. I sure hope it’s still there!

— Elon Musk (@elonmusk) February 17, 2025

Musk later suggested doing a live video feed walkthrough of the facility, posting a meme from South Park that read, “And it’s gone.”

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