Investor who predicted Lehman collapse sounds alarm over next big US bank failure

worry money has been uh sneaking backinto stocks but it's really been aremarkable story Into the preciousmetals and a lot of hard Commoditiesgold for example up north of Two and athird percent look at Silver up almostseven percent copper doing quite well aswellum uh don't say uh Robert Kiyosakiwasn't telling you that this was a goodHaven in these dicey times uh he saidthat there's instability everywhere it'spanning out today certainly in thebanking sector for how long is anyone'sguess but the Rich Dad A Poor Dadcottage industry as I like to call himkind enough to join us right now Robertall those Investments are doing quitenicely now a lot of it could be a needyour concern about the stability of thebanking system and doubts about where itgoes Safe Haven to park cash what do youthink and how long does it lastwell the problem is as you know foryears it kept dropping interest ratesand now Powell's raising it the realproblem is the bond Market's crashingand the bond market is systemic as youknow I mean I'm concerned about IRAspension plans and all that so uh this ismore than it's amazing I'm concernedshould I sayand then you know thank you for allthese years letting me come on yourprogram and say buy silver buy goldbecause when I first started coming on Ithink this was three dollars andthis was fifty dollars and now it's twothousand and didn't get any bigger Neilstill you know no it did not get anybigger but but you know what'sinteresting today Robert if you look atit might be just a sort of acoincidental blip all arising bond priceis rising yields collapsing uh you knowa 10-year note for example that was overfour percent last week is around 3.45percent today when I last look so Bond'sdoing well you know stocks holding upfairly well uh Bank stocks off theirlows Metal's doing just fineum that can't continue indefinitely sowhat wins outnow the thing that I see is that the fedand the FDIC are signalinghyperinflation which makes gold andsilver even better because this thinghere is trash they're going to createmore and more of this fake money andthat's what the fed and the FDIC issignaling we're going to print as muchof this as possible to keep the crashfrom accelerating but they're thethey're the guys who are causing itso in other words with the FederalReserve now saying but essentially we'regoing to be a backstop to say nothing ofthe U.S government for all theseinstitutions in trouble now guaranteeingdeposits for those with way more than250 thousand dollars at a bank threedifferent banks right now you think thatwill be inflationary and you think uhthe pause that some are expecting on thepart of the Federal Reserve on raisingrates will only exacerbate thiswell they have to bail out now which isnot quite legal anymorebut as I said they're going to printmore and more of this stuffand it makes this stuffgold and I think this is the bestinvestment of all is silver becauseevery Tomahawk missile has 30 pounds ofsilver in it every time they push thatmissile button 30 pounds of silverdisappearsso we're in we're in serious troubleand the fed and the FDIC signaling we'regoing to do whatever it takes and thatmeans print more of this stuff herestepping back from what you like aboutmetals and and putting your money in aplace that can sort of counter whatwe're seeing what are you seeing interms of inflation now the federalreserve's been busy now a year ago whatFriday when they started raisinginterest rates going from zero to closeto five percent where we are now on thefederal funds the overnight Bank lendingrateum do you see that paused indefinitelydo you see any possibility they reverseaction or what happens now I mean takinga look at the whole you know the wholekettlewell let me say it again the problem isthe bond marketand my prediction you know I calledLehman Brothers years agoand I think the next Bank to go isCredit Suisseand if that happens if Japan because ofit because of its exposure to a lot ofthisyes because the bond market is crashingyou know all those bonds let's sayyou're getting getting paid five percentfor a bond and it goes to ten percentthe five percent Bond crashes and thebond market is much bigger than thestock market As We Knowso fabulousand they're the what they say thefiremen and the arsonyou know what's weird about this thisjoke Robert I want to get your thoughtson it saying Silicon Valley Bank theycould talk about poor manage and I knowa lot has been said about that but morethan half their overall portfolio was inU.S treasuries treasury notes and bondscertainly not mortgage-backedderivatives certainly not crappymortgage back derivatives sold inseparate pools to unwilling andunknowing investors so they were doingsomething that seems on paper to havebeen the right thing the conservativething the irony was that they werebuying a lot of this when rates are atzero prices were a lot higher fortreasury notes and bonds and when theyhad to unload some money they were underwater so you can't win uh in thatenvironmentno and that's why I said the biggestproblem is you know is the bond marketwhich is the biggest Market in the worldand all the countries of the worldare in U.S bills you know t-bills and Tbondsand um and we've had the brics Nationscoming upand they hate us and they might switchto the Chinese gold Yuanso we're in Syria's trouble US dollar islosing its hegemony in the world rightnow soand they're going to print more and moreand more of this trying to keep thisthing from sinking so that's why butthey've been doing that but that's beengoing on for years right Robert I meanwe have these huge days like this andyou're quite right to note it's a it's aclear phenomenon today but we've hadthese punctuating our history over thelast 20 plus years what makes this goaround differentbecause her death to GDP is over 130 andevery time they raise those interestratesAmerica's taxpayer gets hammered and uhmy concern is the pensions are introuble because they're loaded withbonds also and my generation the Boomerswas trying to retire so this is the workin the perfect storm in many waysso I like I said again as I think thefed and the FDIC signaled they're goingto print again which makes stocks goodbut this little silver coin here isstill the best it's 35 bucks you know soI I reckon anybody can afford 35 and I'mconcerned about Credit Suisseinteresting I have heard that before ifyou've got a big big bank that has thisexposure and credit Suite does have alot of conservative treasuries on itsportfolio that has been raised the banksaid it is well financed well securedand all of that but we'll watch itclosely Robert always good seeing youeven with a forecast like that RobertKiyosaki the Rich Dad Poor Dad ourbest-selling authors turned that into acottage industry he's been at a lot ofthese phenomenon remember he saw LehmanBrothers coming long before anyone elsein the last meltdown let's pray thistime what he's seeing doesn't help itwith this potential meltdown we shallwatch it closely all right I hope youare and I love your forecast and alleverything else Robert but man that's ascary scenario for the whole world