“A bigger issue that Americans pay no attention to is that most of the government debt isn’t on balance sheet,” says Rick Rule, President and CEO of Rule Investment Media. In our 2025 Outlook Series with Daniela Cambone, he calls the debt ceiling “fraudulent” because it is routinely bypassed through procedural maneuvers. “We’ve never observed a debt ceiling. If we actually were going to have a debt ceiling that they observed, that would be a good thing,” Rule states. He also stresses his concerns over the $100 trillion in unfunded liabilities like entitlements and how the U.S. might address them by devaluing the dollar enough to remove the net present value of these obligations. However, if that happens, he argues, millions of Americans will bear the consequences of diminished purchasing power.
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📖 CHAPTERS:
00:00 Donald Trump debt ceiling
5:58 U.S. economy
8:40 People being affected by the loss of
10:11 Flat tax
12:41 Default
14:52 Foreign aid
19:35 Legacy media
20:23 Gold
23:05 Bitcoin/crypto
29:47 Concluding words
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27 Comments
Lol take advantage of it?
Thank you Rick i learned alot
My feeling on Freeland was how did she even qualify for the position? No sense at all.
Its like a system that was not understood when it was applyed or lost how the system should work.
I think a set anount of gold should be heald in reserve and only used as a measure of trade between countries. Never more added its just a form of measure
I believe that bitcoin is slso setup corrupt from the start bast on the other video. Its way over my head
I still feel gold should only be a set as trade management it shoud never go up or down that would stop inflation.
Have compassion on the ones that turn themselves in.
Wow thats whats going on thats why we keep going through this. The law was put into it for protection. Crazy!
The US dollar 💵 is already at and was birthed out of zero. It never was worth anything other than an assigned value.
We need our own history, not Elon's gang of millionaires being paid on debt that should be deflated by the prices of speculative assets resulting from public deregulation that allows an even tighter private regulation serving to extract value from the real economy that needs investment for non-inflationary growth.
And the notional values of the likes of JPMorgan constantly being ba backstopped by the Fed/Treasury? Collateral in that system is reused by multiple parties in repos markets, driving up the prices of existing assets including housing? Why not face the emergency brought about by actions and inactions of Congress to make sure the secretive banking system gets paid off no matter how much it costs the tangible economy? Until 1966 there was a fraction of a percent financial transactions tax to reign in the speculative trades now in the hundreds of thousands per second. This is mostly parasitic to the productivity-boosting investment stream that is already a trickle. Public banking-Bank of North Dakota has had its books open since 1919. Lincoln's government did not leave a burdensome debt. How did that happen? WW1 was more inflationary, while a far lesser economic challenge. Let's boost our Public self-respect and learn our own history and not let Elin Musk whose Space- is doing little for the underlying economy while keeping his self-glorifying eyes far off the earth. His plan to create all those millionaires simply entitles them to profit from phony asset creation while those whose SS and pension income at least goes into the real economy and the growth of the populations capacities. As Oaul Craig Roberts says, let's declare the derivatives null and void, and have the govt issue its own currency as LINCOLN'S government did to PROVEN results.?
YOU HAVE TO DEVALUE EVERYTHING… GOVERNMENTS. AND HUMANITY NEED TO LIVE WITHIN THERE MEANS. IT'S THAT SIMPLE …. AND IN THIS WORLD TODAY …. WARS NEED TO STOP. . HUMANITY. NEEDS TO WORK TOGETHER. AND HAVE A MEDIUM OF EXCHANGE. … FREE MARKETS… M0ST PEOPLE
Yes it is, the whole system is a scam, when you create money out of thin air, backed by nothing, sounds like a scam to me, it's completely fake and childish
Rick rule = instant like
Merry Christmas!
What exactly is Elon going to do? He only cares about enriching himself by replacing hard-working Americans (the ppl who went to the moon) with H1B visa holders from india (the ppl who shit in the streets built for them by Britain)
Yes the debt ceiling is a scam! It gives politicians permission to continue spending money that they do not have. The true solution would be to tell politicians to not spend money they do not have to spend and meme them to be fiscally responsible and live with in their means!
Love your videos and your guests with all the different perspectives and thoughts to help us be better informed. Keep it up!!! Merry Christmas! and Happy New Year!!!
Just give me all my SS money I put in now and do not take anymore out of my pay and I can take care of myself, thank you very much Uncle Sam!
Love Rick
I love you Rick.
The real question is ."what is the price of an ounce of gold needed to reduce the deficit to a manageable level?' The US owns 260 million ounces of gold carried on our balance sheet at $42 per ounce or so, that can be revalued by reversing Nixon's 1971 breaking of the link to gold and the dollar. No Congress vote, he just does it as Nixon did. The biggest ox that is gored is the fat cats that own the debt. $15000 per ounce is a convenient number, but it could be any price, once.
Rick Rule, very astute.
Always a great informative show I can learn from. Thank you.
The scam is that we pay interest on money printed out of thin air, why?
is this guy serious? blame the jews? I think Americans debts are maxed out to finance their genocide and he still thinks Americans blam the jews …another educated bias fool