“The U.S. dollar will lose substantial purchasing power in the next 10 years,” warns Rick Rule, founder and CEO of Rule Investment Media. During this year’s Rule Symposium in Florida, he explained to Daniela Cambone that exploding liabilities, including $100 billion in entitlements such as Medicare, Medicaid, and Social Security, are likely to greatly devalue the U.S. dollar. Rule also emphasized the importance of owning gold to hedge against future uncertainties. “I own gold because I’m afraid it’s going to go to $8,000 or $9,000 or $10,000. I really want to be wrong. And you own gold hoping you’ll never have to sell it,” he concludes. Watch the powerful video to learn more about his thoughts.
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5:20 Breaking point for US debt
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17:12 Concluding words
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28 Comments
It won't be a dollar meltdown.
It will be an adjustment to the reality.
No more free meals exporting inflation
I never cease to be amazed by the analytical mind of Mr. Rick Rule.❤
Rick rule the 🐐 of economics
Banks are fine and silver will be steady in price for years cuz we can print silver
Rick I love you but this time I don't think you have the right conceptual model in your head.
All roads lead to inflation.
$100 TRILLION???? Get Real! They're only Liabilities. Just numbers. It'll all get written off! Don't sweat the small stuff.
How come we, as a nation have not abolished the unconstitutional Federal Reserve and the fraudulent IRS?
He says some truths and then he says some things to fool the general public.
Daniela when you have a guest like Rick rule you need more time otherwise it’s a good interview
Rick has been blessed to live in a bubble that he refuses to come out of.
Daniela you look amazing what a beautiful dress🤩 what a great interview what's it about 😂
The end of the Roman empire 😮 no more silver just useless bronze 😮
If Japan stop buying treasuries and it goes on the fed's balance sheet that's called money printing inflation will start to Skyrocket
He's too optimistic there's so many dumb people in government. They all need to take an economics class
Except the $100 trillion is hidden by inflation. So, it's not really debt.
Healthcare and insurance industry is one big mafia cartel
Government spent money without authorization from Social Security, from Medicare as well as from federal pension plans. That money belong to the people not to politicians.
Rule is steeped in the hubris that got us into this unenvious situation in the first place.
America is great, is superior, blah, blah. I.e., that we can squeeze our "enemies" and allies in perpetuity and not get earthshaking push-back. Our foreign policy attitude is sinking us while strengthening former civilizational centers are recovering first with- and then against us. China has generated fear in the US leadership because we chose an antagonistic stance. Independent countries are forming associations opposed to our unipolar wishes. Our leaders, having come through a system that increasingly avoids advancement based on merit, have demonstrated their
lack of ability to grasp this new history. We are led by individuals such as Biden and his warmongering ilk, that see profits in war materials as our pathway. They have lost their humanity.
in the next 10 years…the USD will not exist in 10 years, long before
Having been around the joint for 52 years (1972) following geopolitics, and the shifts and slides in economies – which incorporates the gargantuan rise of China, and other Developing Economies – I've been predicting all that's espoused in this YouTube for 20 years.
Dont you get tired of interviewing the same people over and over. How about some new content with new guests.
I have learned much from Rick Rule. I don’t think he addressed this issue and I’d like his thoughts: the USD may continue as the worlds reserve currency, but if trading nations stop buying USTs, doesn’t that effectively limit the US from exporting its inflation, thereby forcing it on the US? As far as the BRICS, my understanding is they don’t really need a common currency (the Unit), because can’t they settle any trade imbalances by selling any currency excess for gold at the Shanghai Bullion Exchange? Again bypassing the US Swift system…
google came out of the CIA
My portfolio for the past 30 years has always been self managed and I own 3 shares of Berkshire Hathaway Class A stock (BRK:A) which I bought in at about $17,000 during the mid 90s, I’m currently liquidating some of these positions to incoporate new Gen. Stocks, but am I better off re-investing into Gold as it seems stocks are a little too unstable right now.
Its hypocritical to put AMERICA and TRANSPARENCY in the same sentence
Rick you neglected to mention the Euro is 100% thin air currency
USD will be a banana currency by 2040