"Why I'm Using More Cash, as My Worst Nightmare Comes in" Warns Rick Rule

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

Stansberry Research:  4-24-2023

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.

00:00 De-dollarization

13:30 Economic outlook

17:04 Rick’s advice on youngsters

21:17 Rick’s thoughts on the Fed

23:52 Rick starting banks

29:26 Investor education

31:57 Gold price

35:23 Rick’s final thoughts on central bank digital currencies

https://www.youtube.com/watch?v=CJaNVn12_hk

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