The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says that another bank is set to crash following the collapse of Silicon Valley Bank and the voluntary liquidation of Silvergate Bank. Kiyosaki also recently said the world economy is on the verge of collapse, warning of bank runs, frozen savings, and bail-ins.
Robert Kiyosaki Predicts Another Bank Is Set to Crash
The author of Rich Dad Poor Dad, Robert Kiyosaki, has warned that another bank is about to fall. He noted that two major banks have already “crashed.” Silicon Valley Bank was shut down by U.S. regulators on Friday while Silvergate Bank announced voluntary liquidation on Wednesday.
Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.
Predicting that a third bank is about to crash, Kiyosaki tweeted Friday:
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.
Kiyosaki has consistently advised purchasing gold and silver. In February, he predicted that the price of gold would surge to $5,000 and that silver would reach $500 by 2025. As for this year, his expectation is for the price of gold to reach $3,800, while silver is projected to reach $75. The renowned author is no fan of exchange-traded funds (ETFs) and has advised against investing in stocks, bonds, and mutual funds.
The Rich Dad Poor Dad author has also recommended bitcoin on multiple occasions, referring to the cryptocurrency as “people’s money.” He said in February that he expects the price of BTC to hit $500,000 by 2025. He recently said that investors in bitcoin, gold, and silver will get richer when the Federal Reserve pivots and prints trillions of dollars.
Earlier this month, Kiyosaki said the world economy is on the verge of collapse, warning of bank runs, frozen savings, and bail-ins. In January, he said that we are in a global recession, warning of soaring bankruptcies, unemployment, and homelessness.
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What do you think about Rich Dad Poor Dad author Robert Kiyosaki’s predictions and do you think another bank is about to collapse? Let us know in the comments section below.
Kevin Helms
A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.
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