Financial world legend sounds alarm over 'biggest bank that's going down'

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Summary:

Renowned finance expert Robert Kiyosaki has warned that the Bank of Japan may be on the verge of collapsing, a possibility made even more significant following the Silicon Valley Bank collapse. Kiyosaki attributed this potential collapse to the bank's near-zero interest rates that fuel the derivatives market, leading to the Bank of Japan financing an astonishing quadrillion dollars in the global derivatives market. Kiyosaki's caution of the potential for financial catastrophe is, therefore, not unfounded.

Despite the recent stock market rally in March, Kiyosaki remains doubtful of a comeback. He also criticized the Federal Reserve's interest rate strategy and recommends investing in gold and silver as a safer alternative. Kiyosaki suggests a major bank collapse could provide China with the opportunity to solidify its position as a global superpower, as China challenges the U.S. dollar's status as the global reserve currency. As such, Kiyosaki urges investors to be cautious and prepared for the possibility of a financial earthquake on the horizon.