Will there be more bank failures?The Rich Dad Writer Thinks So

In an extremely short period of time, two large banks, Silvergate and now Silicon Valley Bank, collapsed. The collapse of Silicon Valley Bank (SVB) in particular was a major blow to the global financial system. After all, SVB is a big bank. According to the author of “Rich Dad, Poor Dad, Robert Kiyosaki,” this is just the beginning.

Banking crisis looming?

According to Kiyosaki, the demise of the third bank is only a matter of time. In his own words, he also saw the implosion of Lehman Brothers in 2008 and has reason to believe that something similar is happening now.

“Two big banks have failed. #3 is falling. Buy real gold and silver coins now. No ETFs. If bank #3 goes bust, gold and silver will soar. In 2008 I predicted Lehman days before CNN collapsed Brothers down. If you want proof, go to RICH DAD.com,”

Another bank currently in trouble is Credit Suisse. Whether this is also the bank that Kiyosaki expects to fail soon is unclear.

The consequences of Kiyosaki’s predicted banking crisis will be enormous. One of these consequences will be increased demand for precious metals such as gold and silver. Just like during the 2008 credit crisis, gold and silver will appreciate sharply, the authors say.

Of course, this is only a single analyst’s forecast and by no means a guarantee of future events.

“Buy Bitcoin”

Kiyosaki is also an outspoken supporter of Bitcoin (BTC). He often calls on his followers to buy bitcoin. Read in Bitcoin News recently that he lashed out at Warren Buffett’s right-hand man, Charlie Munger. Munger is known for his intense hatred of Bitcoin and crypto.

Source of information: Compiled from CRYPTO-INSIDERS by 0x Information.The copyright belongs to the author Roy van Krieken and may not be reproduced without permission

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