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 of finance and cryptography.
Rich Dad Poor Dad Author Robert Kiyosaki Warns Another Bank Is About to Crash – Featured Bitcoin News
The well-known author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says another bank is about to crash after the collapse of Silicon Valley Bank and the voluntary liquidation of Silvergate Bank. Kiyosaki also recently said the world economy is on the brink of collapse, warning of bank runs, frozen savings and bailouts.
Robert Kiyosaki predicts another bank will crash
Rich Dad Poor Dad author Robert Kiyosaki has warned that another bank is about to fail. He noted that two major banks have already “crashed.” 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.
Predicting that a third bank is about to crash, Kiyosaki tweeted on Friday:
Two major banks have crashed. #3 ready to go. Buy real gold and silver coins now. No ETFs. When bank #3 goes, gold and silver soar.
Kiyosaki has consistently recommended buying gold and silver. In February, he predicted that the price of gold would rise to $5,000 and that silver would reach $500 by 2025. As for this year, his expectation is that the price of gold will reach $3,800, while silver is projected to reach $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 also recommended bitcoin on several occasions, referring to the cryptocurrency as “the people’s money”. He said in February that he expects the price of BTC to reach $500,000 by 2025. He recently said that investors in bitcoin, gold and silver will become richer as the Federal Reserve swings and prints trillions of dollars.
Earlier this month, Kiyosaki said the world economy was on the brink of collapse, warning of bank runs, frozen savings and bailouts. In January he said we are in a global recession and warned of soaring 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 comments section below.
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