“Rich Dad Poor Dad” Author Kiyosaki Flubs Claim On Credit Suisse Collapse

Robert Kiyosaki, author of the bestselling book “Rich Dad Poor Dad” and one of the best-known US financial gurus, is predicting that Zurich-based Credit Suisse will be the next bank to fail due to the troubles in the bond market.

Photo Insert: Kiyosaki said he was "concerned" about the situation, adding: "The problem is the bond market, and my prediction—I called Lehman Brothers years ago—and I think the next bank to go is Credit Suisse…because the bond market is crashing."

Kiyosaki said he was "concerned" about the situation, adding: "The problem is the bond market, and my prediction—I called Lehman Brothers years ago—and I think the next bank to go is Credit Suisse…because the bond market is crashing," Giulia Carbonaro reported for Newsweek.

Kiyosaki, who founded his business Rich Dad Company on the back of the popularity of his 1997 bestseller, urged people buy gold and silver to keep their savings safe as he expects the Federal Reserve to print more money to keep the US economy afloat.

"BAIL OUTS begin. More fake money to invade sick economy. Still recommend same response. Buy more G, S, BC. Take care. Crash landing ahead," Kiyosaki tweeted on Monday. The Swiss central bank then moved in, providing $54 billion to Credit Suisse to stop the bleeding, and the bank’s share price rose.

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