Rich Dad Poor Dad author Robert Kiyosaki has shared his views on the layoffs happening in the United States after President Trump returned to the White House. He compared the US layoffs to the 1974 horror film “The Texas Chain Saw Massacre” and rebranded the economic turmoil as President Trump and his “patriot friend” Elon Musk’s “DOGE chainsaw massacre”.
Kiyosaki, in February, said that more layoffs are expected as Trump will eliminate 65,000 jobs. He cautioned that there wouldn’t be a “soft landing”, urging people to prepare for a “market crash and possible depression”. Although he supports Trump’s decision to cut off jobs, he “feels for millions of people who are losing their jobs”.
As of April 1, 2025, around 60,000 workers have been laid off or terminated. In certain instances, however, the administration has withdrawn previously issued layoff notices.
Jobs cuts are brutal but necessary: Robert Kiyosaki
“The Texas Chain Saw Massacre is an old movie,” Kiyosaki said on Twitter (now X). He added, “Today, there is a new horror show known as President Trump and Elon Musk’s DOGE Chain Saw Massacre. While I feel for the millions who are losing their jobs, something had to be done, and Trump and Musk are doing it.”
He also claimed that billionaire investor Warren Buffett supports the drastic measures, saying, “Warren Buffett is impressed as he is simply saying that it has to be done.” However, Buffett has maintained that he is not talking to anybody about the markets, the economy and tariffs between now and Berkshire’s annual shareholder meeting on May 3 in Omaha, Nebraska.
“There are reports currently circulating on social media (including Twitter, Facebook and TikTok) regarding comments allegedly made by Warren E Buffett. All such reports are false,” Berkshire said in response to viral claims that Buffett had called Trump’s economic plans “the best he’s seen in 50 years”.
Kiyosaki further remarked, “The chemo is more painful than the cancer,” stressing that job cuts are necessary to address deeper systemic issues.
The 77-year-old businessman added, “The swamp filled with corrupt bureaucrats has to be drained,” before questioning, “Will the cuts be enough? Can Trump and Musk save the dying US dollar?”
Invest in alternative assets
Expressing doubt about the system’s recovery, Kiyosaki said he would continue investing in alternative assets. “In case the cuts do not save a dying and corrupt monetary system…. I will continue to build my own gold, silver, and Bitcoin standard. I will continue buying more gold, silver, and Bitcoin because I do not trust ‘the creatures lurking in the swamp’,” he said.
Kiyosaki has long advocated diversifying beyond traditional Wall Street investments. He views alternative assets like real estate, gold, silver, and Bitcoin as more resilient during economic downturns and financial crises.
On April 5, he wrote that he “warned the biggest stock market crash in history to wipe out the financial security of millions of investors, especially his generation – the baby boomers”. He claimed the crash has now arrived, adding, “We are definitely in a recession and more than likely a depression.”