| According to Fox News, the Silicon Valley Bank collapse marked the second-largest U.S. bank to close since the Great Recession...
It's downfall echos the closure of Washington Mutual in 2008.
‘I believe the economy is the biggest bubble in world history,’ says ‘Rich Dad, Poor Dad’ author Robert Kiyosaki: ‘God have mercy on us all’
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The Dow plunged nearly 1,500 Points in it's worst week since June as bank stocks collapsed.
Sure, big-wigs will tell you to “hang in there” and that “things will soon get better"
Here’s what they won’t tell you… - The Fed's predicting ongoing rate hikes in 2023, that means more likely trouble ahead for the stock market and potentially more losses for you.
- Companies like Fidelity and Vanguard reported that the average 401(k) plunged more than 20% YoY due to market volatility.
- There is more than $22 trillion in the US banking system. The FDIC has $124.5 billion and $100 billion line of credit, which is enough to cover 1.26% of deposits, about the size of the Silicon Valley Bank, just one bank.
If you're concerned about losing your hard earned money... you are not alone. Many American's could suffer major losses to their retirement accounts.
But here's the good news... you don't have to join them.
Historically, as 401(k) accounts, stocks, and cryptos plummet gold RISES.
Precious metals are SAFE haven assets in times of economic crisis. Analysts are predicting prices potentially topping $2,000 this year alone.
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