Rich Dad Poor Dad Author Warns of Impending Economic Collapse and Bank Runs
The collapse of two major US banks, Silicon Valley Bank and Silvergate Bank, within a span of 48 hours, has sent shockwaves through the financial sector, raising concerns over the future of the US financial system. With economic uncertainty prevailing, some experts believe that the situation could further deteriorate in the coming days.
Adding to the anxiety, Robert Kiyosaki, the author of the popular personal finance book “Rich Dad Poor Dad,” has issued a warning that another bank is likely to follow suit. Kiyosaki, who had predicted the collapse of Lehman Brothers in 2008, believes that the failure of the third bank would positively impact precious metals, such as gold and silver.
Kiyosaki has urged his followers to buy real gold and silver coins, not ETFs, in preparation for the potential crash of the third bank. He has also warned against investing in stocks, bonds, and mutual funds, and instead recommended bitcoin, gold, and silver as safe investment options.
Two Major Banks have crashed. #3 set to go. BUY real gold and silver coins now. No ETFs. When Bank #3 goes gold & silver rocket up. 2008 I forecasted collapse of Lehman days before it crashed on CNN. If you want proof go to RICH DAD .com. Will be on Neil Cavuto on FOX on Monday.
— Robert Kiyosaki (@theRealKiyosaki) March 10, 2023
The collapse of Lehman Brothers in 2008 was a defining moment for the global financial crisis, and Kiyosaki’s warning about a potential third bank collapse has sparked concerns among investors and experts. Kiyosaki has consistently advised investing in precious metals, and in February, he predicted that the price of gold would surge to $5,000 and that silver would reach $500 by 2025.
The collapse of Silicon Valley Bank and Silvergate Bank has also raised questions about the future of crypto-friendly investment bank Credit Suisse, whose fate remains uncertain. With economic uncertainty prevailing and fears of a potential financial collapse, investors are closely watching the situation, and experts warn that the coming days could be crucial for the US financial system.
Kiyosaki’s warning comes at a time when the world economy is already reeling from the impact of the COVID-19 pandemic, and the collapse of more banks could exacerbate the situation further. With investors increasingly turning to safe-haven assets such as gold and silver, the precious metals market is expected to experience significant growth in the coming days.
While the future of the US financial system remains uncertain, experts recommend investors exercise caution and diversify their portfolios to mitigate risks. As the situation unfolds, investors and experts will closely monitor the market, and Kiyosaki’s warning will undoubtedly add to the growing concerns surrounding the US financial system.
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