Robert Kiyosaki, author of the personal finance book “Rich Dad Poor Dad”, who says a collapse is imminent and often advises investors to buy gold, silver and Bitcoin, is also seen as a crisis predictor when he predicted the 2008 Lehman Brothers collapse. Now Kiyosaki correctly predicted the decline of Swiss investment bank Credit Suisse. The Wall Street expert explained his views on the event that shook the banking industry.
Kiyosaki predicted the collapse of Credit Suisse
As you follow on Kriptokoin.com, the Zurich-based investment company has become a common headline today. Also, as share prices continued to fall and the industry was rocked by the bankruptcy of US banks last week, Kiyosaki explained the reasoning for his bleak forecast. After the collapse of Silicon Valley Bank and Signature Bank last week, the entire industry fell into newly discovered panic. Then, when the first went into liquidation on Friday, the industry officially witnessed the biggest banking failures since the 2008 financial crisis. Now, the very person who predicted this crisis debated who could close the next job.
Wall Street expert Robert Kiyosaki correctly predicted Credit Suisse’s decline. FirstPost reported that Kiyosaki in particular is “concerned” about the status of the world’s largest investment bank. Kiyosaki cited the ‘perfect storm’ of the bond market crash and the retirement of ‘baby boomers of his generation’ as the basis for his concern. Additionally, he referred to the collapse of Lehman Brothers in 2008, which proved to be dire for the industry. In this context, Kiyosaki says:
The problem is the bond market and my guess is I envisioned Lehman Brothers years ago and I think the next bank to go is Credit Suisse. Because the bond market is crashing. The bond market is much larger than the stock market. The Fed stood up and they are firemen and arsonists. The US dollar is currently losing its hegemony in the world. So they’re going to print more of this… they’re going to try to keep this thing from sinking.
“Leave the fake one, get the real one like gold, silver, BTC!”
However, at every opportunity, Kiyosaki says that dollars and other fiat currencies are ‘fake’. However, he argues that gold, silver and Bitcoin are ‘real’ currencies and recommends taking refuge in them to avoid the coming collapse. The finance expert repeated these views a few days ago and recommended buying more gold (Gold), silver (Silver) and Bitcoin (BTC). In this context, he shared the following:
Now the rescues begin. They will print more counterfeit money that will invade the sick economy. I still recommend the same things. Buy more G, S, BTC. Be careful. There will be a crash landing ahead.
BAIL OUTS begin. More fake money to invade sick economy. Still recommend same response. Buy more G, S, BC. Take care. Crash landing ahead.
— Robert Kiyosaki (@theRealKiyosaki) March 13, 2023
Similar predictions are not new, although the financial expert predicted Credit Suisse’s decline. FirstPost states that the bank has been having problems for a while. However, the recent falling prices and the call for regulatory help could signal a potential end for the bank.
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