- Robert Kiyosaki warns of a possible third financial institution collapse, which may benefit treasured metals.
- Kiyosaki’s prediction aligns along with his 2008 forecast relating to Lehman Brothers’ collapse.
- Ongoing hypothesis about Credit score Suisse’s future amid SEC name an all-time low shares.
Silicon Valley Financial institution and Silvergate Financial institution’s collapse in 48 hours has shaken the US monetary system amid financial uncertainty. It’s anticipated to worsen, with a 3rd lender probably dealing with the identical destiny, in line with Robert Kiyosaki, writer of “Wealthy Dad Poor Dad.” Kiyosaki tweeted on March 10 that this example would profit treasured metals.
Two Main Banks have crashed. #3 set to go. BUY actual gold and silver cash now. No ETFs. When Financial institution #3 goes gold & silver rocket up. 2008 I forecasted collapse of Lehman days earlier than it crashed on CNN. If you would like proof go to RICH DAD .com. Can be on Neil Cavuto on FOX on Monday.
— Robert Kiyosaki (@theRealKiyosaki) March 10, 2023
Kiyosaki believes his prediction a few potential third financial institution collapse aligns along with his 2008 forecast relating to the Lehman Brothers’ collapse. The Lehman Brothers’ failure was a defining second that deepened the 2008 monetary disaster.
Kiyosaki has beforehand predicted a world financial collapse and advised that financial institution runs may speed up throughout the disaster. His warning a few potential third financial institution collapse coincides with ongoing hypothesis about the way forward for Credit score Suisse, one other funding financial institution with a deal with cryptocurrencies.
Credit score Suisse’s future is unsure because the financial institution delays its annual report after a Securities Trade Fee (SEC) name about its money stream statements for 2019 and 2020. Shares hit an all-time low on March 10, 2023.
Moreover, in October 2022, actual property investor Graham Stephan shared that Credit score Suisse could possibly be in a vital second, with its credit score default swaps (CDS) reaching the best degree since 2008. Economist and crypto-skeptic Peter Schiff warns that the US banking system is on the verge of an even bigger collapse than the 2008 disaster, and mass withdrawals may set off financial institution failures.
In the meantime, the collapse of Silvergate Financial institution, which primarily serves cryptocurrency entities, has brought on issues within the banking area. The financial institution attributed its determination to latest business and regulatory developments. The collapse triggered a crypto market meltdown, leading to important capital outflow and a drop in (BTC) costs.
Silicon Valley Financial institution’s publicity to crypto and know-how start-ups was additionally shut down and brought over by regulators. The closure has affected the crypto market, with Circle revealing that a few of its reserves had been held at SBV, inflicting the USDC stablecoin to debug from the greenback to $0.91.
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