Robert Kiyosaki, best known for his book Rich Dad Poor Dad, has issued a stark warning regarding Europe’s financial stability, stating that “Europe is toast” as bond markets falter and unrest rises across the continent.
Kiyosaki warns of European instability
In a recent post, Kiyosaki cited the risk of France facing bankruptcy, Germany’s manufacturing sector suffering due to energy policy failures, and the United Kingdom experiencing a more than 30% drop in its bond market.
He emphasized a broader loss of faith in Western nations’ ability to manage their debts, referencing both Japan and China reducing their holdings of US Treasuries. Kiyosaki wrote:
“EUROPE is TOAST…French people are on the verge of a Bastille Day revolt… Civil war in Germany is brewing… This insanity is why I continue to recommend you save yourself — and save gold, silver, and Bitcoin.”
Kiyosaki also addressed the collapse of the traditional “60/40” portfolio, noting that US Treasuries have dropped 13% since 2020, further undermining conventional financial strategies.
Keiser highlights El Salvador and the fourth turning
Max Keiser, Bitcoin advisor to El Salvador President Nayib Bukele, echoed Kiyosaki’s concerns.
He described France’s turmoil as part of the “Fourth Turning,” a generational crisis cycle, and advised those seeking safety to consider relocating to El Salvador. Keiser stated:
“France is just entering the 4th Turning and things (like inflation) will get much worse. Move to El Salvador — we are EXITING the 4th Turning — before France requires an exit visa to leave.”
El Salvador, as the first country to adopt Bitcoin as legal tender, is increasingly promoted as a safe haven for those looking to hedge against fiat currency collapse.
Debate over safe havens and portfolio strategies
Other commentators drew parallels to historical empire declines, highlighting debt, conflict, and leadership detachment as recurring causes. One analyst summarized:
“Europe isn’t just ‘toast.’ It’s the same script every fallen empire runs on repeat: Too much debt. Too many wars. Ruling classes too detached from reality. Rome clipped its coins. Britain lost its empire under debt. Now France, Germany, UK are all cracking”
While some, like educators from NianNian Academy, acknowledged the risks and urged a balanced approach between gold, silver, and Bitcoin, the consensus among Kiyosaki and Keiser is that Bitcoin offers a hedge amid mounting global economic uncertainty.
