Within an extremely short time, two major banks went viz Silvergate and now Silicon Valley Bank, one after the other. Especially the downfall of Silicon Valley Bank (SVB) is a major blow to the global financial system. After all, SVB was a huge bank. According to the author of the book “Rich Dad, Poor Dad, Robert Kiyosaki, this is just the beginning.
Bank crisis imminent?
According to Kiyosaki, it is only a matter of time before a third bank dies. He says he also saw the implosion at Lehman Brothers in 2008 coming and has reason to believe that something similar is currently happening.
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 forecast 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
“Two big banks have crashed. #3 is going down. Buy real gold and silver coins now. No ETFs. If Bank #3 goes bankrupt, gold and silver skyrocket. 2008 I predicted the collapse of Lehman days before the collapse on CNN. If you want proof, go to RICH DAD .com,”
Another bank that is currently in dire straits is the Swiss Credit Suisse. Whether this is also the bank that Kiyosaki expects to go under soon is not clear.
The consequences of a banking crisis as predicted by Kiyosaki will be great. One of those consequences will be a rising demand for precious metals such as gold and silver. Just like during the 2008 credit crisis, gold and silver will appreciate enormously, according to the writer.
Of course, this is only a single analyst’s forecast and is in no way a guarantee of future events.
Kiyosaki is also an outspoken advocate of bitcoin (BTC). He regularly calls on his followers to buy bitcoin. Recently was still in it bitcoin news read that he lashed out at Warren Buffett’s right hand, Charlie Munger. Munger is known for his fierce hatred for bitcoin and crypto in general.