The well-known writer of the best-selling e-book Wealthy Dad Poor Dad, Robert Kiyosaki, says that one other financial institution is about to crash following the collapse of Silicon Valley Financial institution and the voluntary liquidation of Silvergate Financial institution. Kiyosaki additionally just lately stated the world economic system is on the breaking point, warning of financial institution runs, frozen financial savings, and bail-ins.
Robert Kiyosaki Predicts One other Financial institution Is Set to Crash
The writer of Wealthy Dad Poor Dad, Robert Kiyosaki, has warned that one other financial institution is about to fall. He famous that two main banks have already “crashed.” Silicon Valley Financial institution was shut down by U.S. regulators on Friday whereas Silvergate Financial institution introduced voluntary liquidation on Wednesday.
Wealthy Dad Poor Dad is a 1997 e-book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Occasions Greatest Vendor Checklist for over six years. Greater than 32 million copies of the e-book have been bought in over 51 languages throughout greater than 109 nations.
Predicting {that a} third financial institution is about to crash, Kiyosaki tweeted Friday:
Two main banks have crashed. #3 set to go. Purchase actual gold and silver cash now. No ETFs. When financial institution #3 goes, gold & silver rocket up.
Kiyosaki has persistently suggested buying gold and silver. In February, he predicted that the worth of gold would surge to $5,000 and that silver would attain $500 by 2025. As for this 12 months, his expectation is for the worth of gold to succeed in $3,800, whereas silver is projected to succeed in $75. The famend writer isn’t any fan of exchange-traded funds (ETFs) and has suggested towards investing in shares, bonds, and mutual funds.
The Wealthy Dad Poor Dad writer has additionally beneficial bitcoin on a number of events, referring to the cryptocurrency as “individuals’s cash.” He stated in February that he expects the worth of BTC to hit $500,000 by 2025. He just lately stated that buyers in bitcoin, gold, and silver will get richer when the Federal Reserve pivots and prints trillions of {dollars}.
Earlier this month, Kiyosaki stated the world economic system is on the breaking point, warning of financial institution runs, frozen financial savings, and bail-ins. In January, he stated that we’re in a world recession, warning of hovering bankruptcies, unemployment, and homelessness.
What do you concentrate on Wealthy Dad Poor Dad writer Robert Kiyosaki’s predictions and do you assume one other financial institution is about to break down? Tell us within the feedback part beneath.
Picture Credit: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This text is for informational functions solely. It’s not a direct provide or solicitation of a suggestion to purchase or promote, or a advice or endorsement of any merchandise, providers, or firms. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the writer is accountable, immediately or not directly, for any harm or loss brought on or alleged to be brought on by or in reference to the usage of or reliance on any content material, items or providers talked about on this article.
