Robert Kiyosaki, the acclaimed author issues advice in which he asks people to buy more gold, silver, and Bitcoin.
He warned that the seizure of the two banks could be seen as a signal of an upcoming recession.
The regulators had said that the customers of both Silicon Valley Bank and Signature Bank would be made whole without having to face any loss.
Kiyosaki viewed that the depositors of the banks would be made whole, although the investors would be allocated to gold, silver, and bitcoin.
Previously this month, the author had stated that the investors were not paying enough attention to silver and that it was a precious metal that was trading at a level extremely below its fair value.
Andy Schectman, the president of the precious, metals investment firm Miles Franklin, had said that silver was the most undervalued asset of this generation. Kiyosaki recalled this and said that he could not agree more.
Kiyosaki is very active on his social media platform where he has over 2.3 million followers.
Here is a look at the tweets that he posted in recent days about the condition of the financial system, the bank collapses, the moves of the regulators, and the stand of the U.S. government on this.
On March 11, he tweets that two majors have crashed and that three more were set to go. This could be considered as a warning from that state that two other banks would also be shuttered down soon.
The crash in Signature bank was caused as it announced its exposure with the SVB. The Signature failed to convince its customers to not withdraw their savings and to stay with the bank.
The arguments put forward by the majority of the customers when they ended their deals with the bank were that they felt more confident with giant banks such as JPMorgan & Co and as such.
Kiyosaki added in his tweet, when the third major crash, the value of gold and silver would rocket up. He continued that earlier in 2998 he did forecast the collapse of Lehman prior to its crash on CNN.
He repeated multiple times anas asked people to buy real silver coins. He said that this should be seen as a genuine concern by him and that he has no benefit if anyone buys silver coins.
He asked what the people would do if the bank collapse did not stop in the next three or six. He was concerned about the people’s life on tier savings getting frozen. He was asking everyone to be prepared for what was coming.
He added that one can buy a real silver coin for around 25 US dollars and this would be an actual investment for the tough times that were around the corner.
He presses what he has said earlier about investing in stocks. His tweet read that He has said for yeast that it was risky to invest the saved money in stocks, bonds, mutual funds, and ETFs. He suggested that Bitcoin was an ideal option for unstable times even though its prices would go up and down.
Kiyosaki criticized that baby boomers got rich in real estate and stock markets and therefore they were seeing their forever in those. He noted that the Federal Reserve was crushing banks and imposing new regulations on the implementation of exchange-traded funds (ETFs). Future-based ETFs were only getting sanctions, not spot-based ETFs.
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According to him, this would result in baby boomers who depend too much on real estate getting poorer and poorer by the time
Robert Kiyosaki took a stand in which he seemed to be against President Joe Biden on many of his policies. Just now, Biden had stated that the bailout of SVB would not cost anything from the taxpayers.
He seemed to opine that it was never going to happen, and the accused sarcastically asked Biden whether he was smoking or not when he said this.
The bailouts would cause more fake money to circulate in the economy, which would in turn weaken the economy. He seriously warned everyone that the nation was on the verge of a crash down.
He accused the president of his Inflation Reduction Act, which was actually not working.
He mentioned that he had breakfast from a restaurant in Miami and it cost 14 US dollars for just two eggs. He commented that it was robbing the poor.
He condemned the government for taking international stands such as cutting off Canadian oil that made the oil prices soar high, and the slap on Fentanyl imports on Trump’s Wall.
Kiyosaki questioned why was Hunter Biden, the son of the U.S. president, was granted a position to generate money from Ukraine, China, and Russia. His concern was that the son of the President can make money, but not the workers of the nation were not allowed in similar situations
He asked whether anyone has ever thought or not, about the measures the workers of the nation would have to undertake in order to combat inflation.
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