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Home Global News Entrepreneurs

Robert Kiyosaki Warns AI Will Disrupt Millions of Jobs After Predicting Major Bitcoin Price Crash

Renowned Finance Advisor Robert Kiyosaki Foresees AI Taking Over Jobs and Impacting Financial Stability

  • By CS Web Desk
  • July 18, 2024
  • 6:53 pm
Robert Kiyosaki Alerts on AI Risks
Robert Kiyosaki Alerts on AI Risks | Image source: toolshero
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Robert Kiyosaki, the famed finance advisor and author of “Rich Dad Poor Dad,” has issued a new warning, this time about the potential dangers of artificial intelligence (AI). Following his recent prediction of a major Bitcoin price crash, Kiyosaki now alerts the public to the looming threat of AI on employment.

In a recent video post on X, Kiyosaki discussed various topics with Ken McElroy, CEO of McElroy Investment Real Estate Services. The conversation initially focused on financial strategies, but Kiyosaki shifted gears to discuss the potential impact of AI on jobs. He predicted that AI would render millions of jobs obsolete, particularly those that require minimal skills or talents.

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In this video, my good friend and partner, Ken McErloy and I refect on a range of topics. I share my journey from a Vietnam pilot to successfully raising capital for multiple companies and explain the value of real-world experience over formal education. Keep watching and Ken as… pic.twitter.com/yp35yJJRjU

— Robert Kiyosaki (@theRealKiyosaki) July 17, 2024

Kiyosaki highlighted that basic jobs like drivers and builders might persist, but roles lacking real-world experience or practical skills are at high risk. He advised against over-reliance on formal education without acquiring hands-on experience, suggesting that those who do so might face significant challenges in the AI-dominated future.

In the video, Kiyosaki stated, “AI is the thing that I’m watching because AI is artificial intelligence. It’s gonna put millions out of work, that is my prediction.” He emphasised the severity of the situation, linking the rise of AI to the potential downfall of many traditional job sectors.

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Additionally, Kiyosaki connected the AI threat to broader financial issues. He criticised the US government’s practice of printing more money to meet demands, drawing parallels to Zimbabwe’s economic collapse. He suggested that widespread job losses due to AI might prompt the government to print even more money, a move he believes would be catastrophic.

“What’s the US government or the world government gonna do when you have millions of millions of people unemployed (with AI taking over jobs)? I think they will print more money,” Kiyosaki warned.

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Despite the grim outlook, Kiyosaki predicted that this scenario would increase the value of hard assets like Bitcoin, gold, and silver. He expressed skepticism about Exchange Traded Funds (ETFs), calling them “paper gold,” and advised people to invest in physical gold instead.

Kiyosaki’s latest warning adds to the growing discourse on the impact of AI on the workforce and the economy. As he continues to share his insights, his followers remain alert to the potential challenges and opportunities that lie ahead.

Disclaimer: Clout Scoop, an independent web-3 media company, delivers real-time news and insights on global trends, cryptocurrencies, stocks, and NFTs for informational purposes only. We want to clarify that our content does not constitute financial advice, and neither Clout Scoop nor our journalists endorse or recommend specific financial actions. We do not solicit funds, provide investment recommendations, or offer financial advice that involves monetary transactions. Readers are encouraged to conduct their own research and seek professional guidance before making any financial decisions. It is important to note that any investment-related decisions made based on our articles are at the reader's own risk, and Clout Scoop and our journalists bear no responsibility for the outcomes. We appreciate our readers' discernment and advocate for a prudent and informed approach to financial matters.

CS Web Desk

CS Web Desk

Desk reports from the independent web-3 media company Clout Scoop that provides real-time news and information about global trends, crypto, stocks, NFTs, and more.

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