June 20 (Cointime) - Robert Kiyosaki, author of Rich Dad Poor Dad, believes that the banking industry crisis is ongoing and warns that LoanDepot, a California-based mortgage lender, may be on the verge of bankruptcy. Despite cutting 6,100 jobs, LoanDepot reportedly lost $610.40 million last year.

Kiyosaki predicts that more banks are likely to fail and advises caution, urging people to think for themselves and not believe what President Biden, Fed Chairman Powell, or Treasury Secretary Yellen say. He also warns of an impending real estate collapse in 2023 and advises accumulating precious metals and Bitcoin as a preparation.