Kiyosaki warns of market collapse as US jobless hit 7M and Buffett builds cash reserve

- Kiyosaki Warns of Market Collapse as a Prelude to Economic Depression - U.S. Unemployment Rate Reaches 4.2%, Unemployed at 7.08 Million [Unblock Media] Robert Kiyosaki, author of "Rich Dad Poor Dad," has once again warned of a market collapse and hinted at an impending economic depression. Recently, through his social media, he stated that "fear of unemployment is spreading like a virus," and this fear is not just simple panic but a "harbinger of an upcoming economic depression." Indeed, warning signals have been lit in the U.S. labor market. As of March 2025, the U.S. unemployment rate has risen to 4.2%, with the number of unemployed reaching 7.08 million. This is an increase of 0.2 percentage points compared to the previous month and is the highest level since the pandemic. Experts point out that the Federal Reserve's tightening policies and global growth slowdown are exacerbating employment contraction. In his book "Rich Dad’s Prophecy" (2004), Kiyosaki asserted that "the market will inevitably collapse." He emphasizes that, like the 2008 financial crisis, a market collapse could represent a once-in-a-lifetime opportunity for those who are prepared. He particularly noted that "the time when assets are heavily discounted is the best time to buy physical assets cheaply." His warning does not fall on deaf ears. One of the world's largest investors, Warren Buffett, has recently executed a massive sell-off. Berkshire Hathaway, led by Buffett, sold major stocks, including Apple and Bank of America, in the first quarter of 2025, securing approximately $134 billion in cash. This has brought the company's total cash reserves to over $325 billion. Buffett's decision is interpreted not merely as profit-taking but as a liquidity securing strategy in preparation for future market adjustments. Like in past financial crises, his intention is to preemptively buy undervalued assets when the crisis hits. Kiyosaki considers Buffett’s actions to be "the strongest signal of preparing for a market collapse." He warns, "Consider what Buffett is preparing for and ask yourself the same question." Kiyosaki repeatedly emphasizes the importance of "preparation" by quoting famous figures. Oprah Winfrey said, "Luck is what happens when preparation meets opportunity," and Abraham Lincoln said, "If I had six hours to chop down a tree, I’d spend the first four hours sharpening the axe." Through these quotes, he concludes: > "It is not important whether the market will collapse or not. What is important is how prepared you are when the collapse comes."