Rich Dad Poor Dad author Robert Kiyosaki warns of another bank collapsing – Featured

The famous bestselling author Rich Dad Poor Dad, Robert Kiyosaki, says that after the collapse of the Silicon Valley bank and the voluntary liquidation of the Silvergate bank, another bank will collapse. Kiyosaki also recently said the global economy was on the brink of collapse, warning of bank runs, savings freezes and bail-ins.

Robert Kiyosaki predicts another bank will collapse

Rich Dad Poor Dad author Robert Kiyosaki has warned that another bank is about to collapse. He noted that two major banks had already “failed”. Silicon Valley Bank was shut down by US 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 bestseller list for over six years. More than 32 million copies of the book have been sold in over 51 languages ​​in more than 109 countries.

Kiyosaki predicted on Twitter on Friday that a third bank was on the verge of collapse:

Two big banks have collapsed. No. 3 should go. Buy real gold and silver coins now. No ETFs. When bank #3 goes, gold and silver skyrocket.

Kiyosaki has consistently advised buying gold and silver. In February, he predicted that gold prices would rise to $5,000 and silver to $500 by 2025. This year, he expects gold prices to hit $3,800 while silver is expected to hit $75. The renowned author is not a fan of exchange-traded funds (ETFs) and has advised against investing in stocks, bonds, and mutual funds.

The author of Rich Dad Poor Dad has Bitcoin also recommended several times and the cryptocurrency referred to as “people’s money”. He said in February that he expects the price of BTC to reach $500,000 by 2025. He recently said that as the Federal Reserve spins and prints trillions of dollars, investors in bitcoin, gold and silver will get richer.

Earlier this month, Kiyosaki said the global economy was on the verge of collapse, warning of bank runs, savings freezes and bail-ins. In January he said we are in a global recession and warned of rising bankruptcies, unemployment and homelessness.

What do you think of Rich Dad Poor Dad author Robert Kiyosaki’s predictions and do you think another bank is about to collapse? Let us know in the comment section below.

Kevin Helms

As an Austrian economics student, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects and the interface between economics and cryptography.

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