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Investor who called Lehman collapse predicts the next big US bank failure

The Wall Street analyst and investor behind the 2008 Lehman Brothers bankruptcy has revealed which bank he believes will go bankrupt next amid the shock wave of the Silicon Valley Bank (SVB) shutdown.

“The problem is the bond market, and I called Lehman Brothers years ago. I think the next bank is Credit Suisse. On Monday, ‘because the bond market is crashing.’

Just days after SVB, a California-based bank primarily used by companies and start-ups in the technology industry, declared bankruptcy, the New York-based undersigned bank announced a move to protect consumers and the financial system. announced that it will close on

Like SVB, Signature Bank was popular among cryptocurrency companies. The financial institution provided deposit services for customers’ digital assets, but did not make loans against customers.

First Republic stocks plunge on SVB contagion fears

The closure announcement was made in a joint statement by the U.S. Treasury Department, the Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC). The regulator said SVB’s clients will be able to access the funds starting Monday at no cost to U.S. taxpayers. The regulator also claims that customers of undersigned banks will soon be offered similar means.

Kiyosaki further explained that the bond market, the economy’s “biggest problem,” would put the United States in “serious trouble” as he expected the US dollar to fall.

“Now the US dollar is losing its homogeneity in the world, so they are going to print this more and more,” said the expert, holding up a dollar bill.

He further expressed concern about pension plans and individual retirement accounts (IRAs) in the current market environment, adding that American taxpayers would be hit hardest by bank bailouts.

“My generation of baby boomers is about to retire, so in many ways this is the perfect storm,” Kiyosaki said. “Like I said, I think the Fed and FDIC have signaled they’re going to print again. It makes stocks better. But this little silver coin here is still the best. $35, so anyone I think I can afford $35. And I’m worried about Credit Suisse.”

Amid hyperinflation and more money printing, Kiyosaki recommended considering or buying investments in silver and gold during volatile markets.

“The Fed and FDIC are showing signs of hyperinflation which makes gold and silver even better because what we have here is garbage.They are trying to spread this fake money more and more That’s what the Fed and FDIC are telling us, we’re going to print this as much as possible to prevent the crash from accelerating.But they’re the ones causing it.

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In “Mornings with Maria,” Larry McDonald, bestselling author and founder of The Bear Traps Report, warns of the parallels between the collapse of the SVB and the Lehman Brothers.

“What I saw inside Lehman and what I learned over the weekend about how this bank was managing itself,” the expert continued. , they’re essentially just blowing up these villains. ”

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Bradford Betz of FOX Business contributed to this report.

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