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Wall Street expert predicts another major US bank failure

By Amit - March 15, 2023

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The deteriorating condition of America’s Silicon Valley Bank and Signature Bank has affected the financial market of the whole world. There was a sharp decline in the stock market of Asia, while the condition of the markets of Europe is even worse. Now the chances of another bad news coming are increasing. A major investor has predicted that another big US bank is about to collapse. Wall Street analyst Robert Kiyosaki, best remembered for predicting the 2008 collapse of Lehman Brothers, has claimed that the collapse of Credit Suisse bank is going to be the next big thing.

Kiyosaki told Fox News that the problem is the bond market, and my announcement, which I made for Lehman Brothers, I now believe the next bank will be Credit Suisse.

The co-founder of Rich Dad Company elaborated on how the bond market is going to be a serious problem for America. Its effect will also be that the dollar will become very weak.

Kiyosaki says that the bond market is much bigger than the stock market in America. The role of the Federal is also seen in the fact that it is the fire itself and it is also the fire extinguisher.

The power of the US dollar is waning in the world. That’s why they are continuously printing a lot of dollars. They are doing this to save the dollar from sinking.

Kiyosaki says that his concern is about Credit Suisse. This bank is the eighth largest bank in terms of investment in the world. The kind of commotion that has taken place in the bond market has created a frightening situation in front of it.
He says that in this volatile environment, investing in gold and silver is a better option.

Kiyosaki’s statement came just before Credit Suisse admitted that there was some major weakness in their reporting process in 2021 and 2022. Significantly, due to the bankruptcy of Grinsil in March 2021, the shares of Credit Suisse Bank fell by up to 80 percent.
 

Amit

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