'This is the perfect storm': Rich Dad, Poor Dad author who tipped Lehman Brothers collapse predicts Credit Suisse to be next major bank failure and warns of 'serious trouble' for U.S. bond market

 

'This is the perfect storm': Rich Dad, Poor Dad author who tipped Lehman Brothers collapse predicts Credit Suisse to be next major bank failure and warns of 'serious trouble' for U.S. bond market

Should we be buying gold?

Though I do anticipate some major corrections in the markets, some major bank collapses, a huge real estate shakeout and the Dow dropping to as low as 6,000, nobody knows when it will happen. Kiyosaki has been predicting doom for quite some time. Nothing new there. 

4 minutes ago, proton said:

Should we be buying gold?

Silver feels like a far better move. More liquidity and far more upside. 

5 minutes ago, spidermike007 said:

Silver feels like a far better move. More liquidity and far more upside. 

We bought gold,i would like to buy silver but the gold shops around us do not have any in bars.

 

Stay away from bank stocks, too risky. Buying Bitcoin is a much safer investment.

scary.

 

Read that, and would be a major banking fail, possible causing a domino effect and true banking crisis.

 

Insurers/FDIC (usa) have never been tested to actually do anything, accept give a false sense of security.  Perfect scenario for a 'financial reset' if people believe in such things.   'the situation' the past few years knock the middle class down a few rungs, and banks crashing would surely finish the reset nicely.

 

Need to buy a few more pillowcases ????

The Daily Mail says so!

The Illuminati has entered the banking system, again.    

 

Why are you guys taking about this?  It's OLD news, already priced in!!!!!

 

Do you know what's coming next??????????????  Of course not, always in the past.

 

Well, I do........................and I'm about to make big, big bank!!!!

 

Riggged game, we all know, so might as well make bank as the real banks crumble.   

 

Why did I buy 1% of Pfizer in 2015????   Illuminati was getting COVID ready!!!!

The guy's just looking for publicity........no end of people predict no end of events.....someone has to be correct at some point about some prediction they've made.

 

The current situation is nothing like 2008.......the only problem now is people believing this guy and it becomes a self-fulfilling prophecy.....then we are all in the brown smelly stuff.

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Well, it could be a small bank too, but then nobody would notice and it would hardly make the news. So to predict that the next banking crisis will involve a "big bank" is a no-brainer.

 

As to the "big reset", it's like "the end of the US dollar", "the collapse of the euro", the "demise of the EU". Predicted and wished for by many for decades now, these events never happen. Somehow the can keeps getting kicked down the road: indeed this may be just what the economy/financial system is about, I mean can-kicking. 

 

Another thing: when bad things happen, the blow never comes from where you expect it to come. This apply to individual lives as well as to mankind as a whole. You fear serial bank failures and instead you get a war, a pandemic, a nuclear catastrophy, a mega-volcano  ....

On 3/14/2023 at 11:01 AM, spidermike007 said:

Silver feels like a far better move. More liquidity and far more upside. 

Silver has always been "more volatile" than Gold. Mostly a "Industrial-Metal" these days. With a global recession a possibility, Silver may underperform versus Gold. The old story: The "fear-factor" has always supported Gold/Silver. Until the "Fear-Factor" subsides.

Better: When stocks drop because of "fear", a good time to buy "beaten down" stocks instead of Gold. Just financially more rewarding in the long run. Worked fine over the last 150 years.

Buy 49% share in a go-go bar.

 

Then you will feel as solid as a bar of gold in your investment.