Author and financial planner Robert Kiyosaki declared the current wave of U.S. layoffs signals the financial collapse he long predicted isn’t just coming – “it’s happening now.” His comments arrived during continued market turmoil linked to new trade tariffs.
In recent weeks, the United States has seen over 60,000 confirmed job cuts under President Trump’s administration, many of them tied to broad cost-cutting measures and operational overhauls. Elon Musk has also played a role in this shift, as companies associated with him undergo significant restructuring.
Why Does Kiyosaki Call Layoffs a ‘Chainsaw Massacre’?
Kiyosaki likened the current economic environment to a “chainsaw massacre,” describing the layoffs as painful but necessary steps in what he views as an effort to “drain the swamp” and address long-standing inefficiencies in the US system.
The TEXAS CHAINSAW MASSACRE is an old movie.
Today there is a new horror show known as PRESIDENT TRUMP and ELON MUSKS’ DOGE CHAINSAW MASSACRE
While I feel for the millions who are losing their jobs….something had to be done….and Trump and Musk are doing it.
Even Warren…
— Robert Kiyosaki (@theRealKiyosaki) April 7, 2025
While Kiyosaki expressed sympathy for those affected, he emphasized that such drastic action is needed to confront what he describes as a corrupt and unsustainable monetary system.
However, he also raised doubts about whether these efforts will be enough to stabilize the dollar or reverse the broader economic decline.
Kiyosaki’s Bitcoin Love
Against this backdrop, Kiyosaki reaffirmed his advice: move away from traditional assets and into alternative stores of value.
He has warned for years about the risks to fiat currencies like the U.S. dollar, especially with factors like aggressive money printing and economic downturns.Arguing these assets gain value as the dollar potentially weakens, Kiyosaki stated:
“I will continue buying more gold, silver, and Bitcoin because I do not trust ‘the creatures lurking in the swamp’.”
Related: Robert Kiyosaki: Bitcoin is the Answer as Financial Collapse and US Recession Begin with $6.4T Loss
Bitcoin’s Chart Right Now
Ironically, as Kiyosaki touted Bitcoin, the cryptocurrency itself faced significant technical pressure Monday. Bitcoin fell more than 8% in 24 hours, dropping to trade near $76,157, well below its 20-day EMA (around $83,141).
Analysts highlighted mounting bearish signals. Bitcoin flashed a “death cross” – when the shorter-term 50-day moving average crosses below the longer-term 200-day moving average. Analyst Ali Martinez noted this pattern often signals the start of extended downtrends.
Meanwhile, indicators such as the MACD and Bollinger Bands also suggest increasing bearish momentum and heightened volatility. As per the chart below, the MACD line (blue) has dropped below the signal line (red), confirming a bearish divergence on the daily chart.
Related: All is Set For The Second Crypto Task Force Roundtable on April 11
Bitcoin’s price also lost support at the lower Bollinger Band (near $78,383), indicating strong selling pressure and heightened volatility. Reclaiming the 20-day EMA would be the first step needed to potentially restore bullish sentiment.
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