Robert Kiyosaki Warns 3rd U.S. Bank to Crash, Peter Schiff Says ‘Bigger Collapse’ Ahead
- The Illuminist plan: Global economic, financial & monetary collapse + Albert Pike’s WW3.
– - Robert Kiyosaki Warns 3rd U.S. Bank to Crash, Peter Schiff Says ‘Bigger Collapse’ Ahead
by , https://finbold.com/
The United States financial system has been rattled by the collapse of Silicon Valley Bank (SBV) and Silvergate Bank within 48 hours as economic uncertainty prevails. Therefore, some financial sector players project that the situation will likely worsen in the coming days.
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In particular, Robert Kiyosaki, the author of the best-selling personal finance book “Rich Dad Poor Dad,” has warned that a third lender will likely follow suit. He stressed that the situation would positively impact precious metals in a tweet on March 10.
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According to Kiyosaki, his prediction aligns with a 2008 forecast of the collapse of the Lehman Brothers. Notably, the failure deepened the 2008 financial crisis, and the incident was considered a defining moment.
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“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 forecasted collapse of Lehman days before it crashed on CNN. If you want proof go to RICH DAD .com,” he said.
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The concerns around Credit Suisse’s future
Previously, Kiyosaki has projected a broader global economic collapse while noting that bank runs might accelerate amid the crisis. Kiyosaki’s warning about a third bank collapse comes as speculation around the future of another crypto-friendly investment bank, Credit Suisse, continues to mount.
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This is after the bank announced a delay in the annual report after the Securities Exchange Commission (SEC) call regarding the lender’s cash flow statements for 2019 and 2020. As a result, the bank’s shares hit a new all-time low on March 10, 2023.
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Additionally, back in October 2022, Finbold reported that Graham Stephan, a real estate investor, suggested that Credit Suisse could be in a ‘critical moment’ after the bank’s credit default swaps (CDS), which is essentially insurance purchased against a potential default, costs have hit the highest level since 2008. Notably, Credit Suisse’s CDS kept growing in 2023.
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