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After a year of sharp swings and surprise rebounds, some investors are taking a closer look at their portfolios, and may be wondering whether betting on America is still a good idea.

And they’re not alone. Robert Kiyosaki, the Rich Dad, Poor Dad author and longtime personal finance commentator known for his bold economic claims, cautioned in a post on X that “the worst crash in history” may be unfolding, and it could start with the stock market (1).

If the market has felt like a roller coaster lately, you’re not imagining it. Over the past year, headline-grabbing news has sent the S&P 500 and Nasdaq tumbling more than once. Yet, each time, they’ve managed to bounce back.

But Kiyosaki thinks the worst is yet to come.