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'Why I’m Using More Cash,' as My Worst Nightmare Closes In Warns Rick Rule

'Why I’m Using More Cash,' as My Worst Nightmare Closes In Warns Rick Rule

FromThe Daniela Cambone Show


'Why I’m Using More Cash,' as My Worst Nightmare Closes In Warns Rick Rule

FromThe Daniela Cambone Show

ratings:
Length:
44 minutes
Released:
Apr 25, 2023
Format:
Podcast episode

Description

“The enemies of the U.S. dollar are not Saudi Arabia. They aren’t China. They aren’t Russia,” says Rick Rule, founder and CEO of Rule Investment Media. “The worst enemy of the U.S. dollar, rather than being external, it’s from within.” He argues that the U.S. is facing more than $130 trillion of debt and Congress has promised to service with a budget that’s in deficit $2 trillion a year. “You don’t dig yourself out of a hole by digging deeper.. which is precisely what we were doing,” Rick says. However, he is still impressed by the resilience of the U.S. economy and advises young people to follow their passion if they want to succeed. In regards to latest rollouts of central bank digital currencies, Rick says it’s the “worst possible nightmare” because the digital currency program will allow governments to monitor people and control their money. “I am using more and more cash,” Rick says. He concludes that the deficits, debt issues,  and negative real interest rates will tempt folks to explore the precious metals sector, including physical gold and gold-mining companies. ➡️ Watch Here
Released:
Apr 25, 2023
Format:
Podcast episode

Titles in the series (100)

There's a thirst for economic and investment know-how. It's not taught in the classrooms or discussed via mainstream media. The Daniela Cambone Show is proud to bring you the exclusive news, interviews, and insight you can't get anywhere else. Host Daniela Cambone sets out to interview the top minds in finance to help explain new investments, opportunities, and industries that otherwise might be a mystery. From cryptocurrency, gold, silver, interest rates, and central banks, to the inner workings of the global economy, Daniela's goal is to get you to a comfortable level of financial understanding to achieve freedom.