⚡ If you're already a Notion AI user, you can get started today with Q&A already in your Notion workspace: ntn.so/davidlinqa How will this "crisis of confidence" unfold? Tell us how you feel in the comments below and don't forget to subscribe! FOLLOW RICK RULE: Rule Investment Media: ruleinvestmentmedia.com/ Twitter (@RealRickRule): twitter.com/RealRickRule RUclips: www.youtube.com/@RuleInvestmentMedia
About the current bank situation, I'm really concerned. I am worried about a lot more if a bank the size of SVB may fail. I have a friend who manages a fast-growing startup and was severely impacted by the bank run. I have taken more than $840k out of my bank. Since the FDIC only provides coverage up to $250K, an implosion could have negative consequences. presently want to invest in the stock market. Does anyone have any ideas on how I might proceed?
It seems like there's potential, but caution is warranted. hence I will advice you get yourself a financial advisor that can provide you with entry and exit points
We fail to realize that banks are commercial enterprises that are driven by greed as well. The over-leveraging of assets by banks starting in 2020 was one of the factors that led to SVB's collapse. I've never felt secure keeping a large sum of money in a bank. In other words, I invest through my financial advisor, reap the benefits, and then spend the money.
I'm cautious about giving specific recommendations since everyone's situation varies, but l've worked with " Sonya Lee Mitchell” for years and highly recommend her See if she meets your criteria.
@@tomtesoro5465uh oh,the grammar police are on duty. Hey fella, do you feel good, smart,better, during and after whatever it is that you just did to someone's spelling or actually lack of a pronunciation symbol. Is it a feeling of superiority when your u can make some meaningless correction? I am trying to understand my fellow human beings,but it's getting more difficult, not mo' betta
This seems like the worst period. Even the market are now very unpredictable. Started investing recently when the market prices were a bit high,today I am more than 60% down!
Yeah, I used the FIRE movement to put my finances in order. Then, I invested in stock, cryptocurrency, and real estate, though the assistance of my discretionary fund manager, dullpher, who helped me make it big...
Mining companies are poor citizens. In the Yukon canada there are millions spent trying to clean up the contaminated sites abandoned by irresponsible actors. Cyprus Anvil mine which was subsidized by the government in the 80's has a 500 year cleanup plan. Please explain the economics of that to the Canadian taxpayers
Why don't we ever consider cutting military/war budgets rather than cutting old people's budgets? Not to mention all the other absurd things governments waste money on?
Love David's interviews. My favorite was from the other day when that window washer suddenly appeared behind you out of the bottom of the screen and basically climbed this way to the top and David just played along with it. Inly question is - what floor are they on? 😅
There will be a moment after which no country will be willing to sell tangible products or services and get paid in worthless paper money. In 2001 73% of international settlements was done in USD. In 2023 it was 58% and dropping fast. The only asset of the US economy which is the USD will become a catastrophic liability...
If the politicians over the years would have left the social security accumulate instead of using it for everything what it was not intended for and just throwing in an IOU that some day would make up the difference which was total BS social security would be solvent today.
I’m going to disagree with Ricks comment , too much money given to old folks it’s more than they put in. That may be true for the lower paid workers but it’s not for someone who maxed out their SS every year for 45 years. Add to that the top tax brackets and the additional 7% we business owners pony up on our own SS it’s going to take a long long time to just get back the principal of those SS deductions. I start this month receiving SS and at the same time paying 15% at the maximum cap as I am still working. So I need to live to at least 100 to break even.
Well, I picked the challenge to put my finances in order. Then I invested in cryptocurrency and stocks, through the assistance of my discretionary fund manager
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
~Mrs Caroline Arnold was my hope during the bear summer last year. I did so many mistakes but also learnt so much from it, and of course from Caroline Arnold. She is my number one when it comes to crypto and TA.
Governments around the world ARE actively working to reduce the expenditures to services for seniors by actively eliminating the seniors through the creation and propagation of never before existing viruses that seem to target the aged and those with co-morbidities that use those expenditures!
I started working, and paying Social Security taxes, when I was 14. I was not given a choice. I did not vote for it. This old, rich guy, is telling me that I'm going to have to do without.
Rick’s comment regarding taxes - he does not look at it from a lense of % of personal wealth paid in taxes - the poor will ALWAYS pay a higher percentage of their personal wealth in taxes. In terms of volume of taxes the poor will pay less because they are POOR and they are caught in the vicious cycle of paying a higher percentage of their wealth in taxes
David, increase taxation is not the solution, income tax started at 4% in the US, we are at 40-50% right now. The solution is limit expenditures and have a healthy budget with surplus and not deficit. If I make $100k a year, can I spend $150k every year and not go broke?
Historically speaking Bitcoin doesnt do much immediately after the halving - but it does do impressive spikes and tops out around 18 or so months afterwards. No one can time the market, but I'd say it's worth considering entering a position at current prices and if further dips occur, just add to your position. Over the long run, there is a higher probability to the upside than the downside, .It's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 2.4Bitcoin to a decent 18Bitcoin in the space of a few months... I'm especially grateful to Francine Duguay, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
It really helped trading with Francine Duguay analysis and info, even with the market in a downward trend. Definitely riding the market wave is a good perspective..
banks get to loan out 20x the money that they have on deposit. So they loan at 8%, x 20 is 160 %, pay you 1% on your deposit (at most) so they lose 2% on their "old" loans/bonds, so what? they are NOT hurting, folks.
Rick Rule needs to have a reexamination of what is fair what is fair is going to look very different from everyone's perspective does Rick Rule believe that it will be fair for average workers to work a day for a loaf of bread if nobody else is willing to pay higher?
Rule is a wordsmith; much enjoyed conversation although the implications are terrifying! Thought exercises aside, if the past is prologue the future is now. Good luck everyone!
Is this a repost? First Republic was over a year ago. Why is IAT at a 52 week high: regionals are the most vulnerable to commercial Real Estate. He makes sense, but the stuff does not happen that way. Y'all listen to these (albeit rich) pundits and believe everything...discernment is crucial. I hate the Fed, I own a boatload of AG, the banksters always have a way to dodge the bullet. Where are the people talking about the derivative books -0 that is where the nuclear bomb resides.
I don't think people put less money into social security than they get back if you consider how much that money would be in old age if it was put in Vanguard index funds. Medicare costs could be lowered by 2/3 without any increase in mortality or illness.
im closer to a wall street guy than a main street guy, but i have to agree that these banks that make risky moves should not be bailed out. of course they are going to take imprudent risks if they are going to get bailed out. it's like going into a casino, buying $1000 worth of chips knowing that you'll be refunded $1000 at the end of the day if you lose. of course they are going to bet recklessly.
Listen to Rick carefully, the corruption of the system has gone beyond what you said here, it is clear in the rule that only $250k is covered, but if you are politically connected, your jumble will be covered!
It's theft by the corrupted, look at folks like Epstein and Weinstein and Rosenberg and the like. These synagogue of Satan alumni have been at this since the dawn of time. Yes, blackmail and extortion is the name of their game. Is it not so very ez to see 👹
Just because 2008 happened doesn't mean it will happen again. The people running the show get more and more clever about preventing major economic disaster.
David Lin falls for the same myth, Gold up, dollar down!! 2008 USD Index 72, Gold 800, 2024 USD Indes 106, Gold 2024!! This clearly shows over the long run Gold moves independently from USD
Always a joy to see you here, Rick; and you always seem to be 95% correct in your observations! (I am still working full time at age 76, but the Canadian Gov't has NOT been handing me more money, in fact, although a low income earner, the Gov't has drastically clawed back my old age security payments; and i got hit with the worst income taxes in my lifetime). Agree with you on 7% inflation, but parts costs for equipment seems a lot higher than that.
Lower interest rates are inevitable if the economy crashes which is it showing signs of doing, sooner or later it will happen. You can't disregard the flattening of the economy in China. Inflationary pressures will exist but they will further flatten economic growth.
Right about now would be a great time to upload a song about banks collapsing and the hardships for common folk. 🤔 Any old tunes about when the U.S. confiscated the gold coins?
Some great thoughts on commodities and the driving force behind them. However, the comments suggesting baby boomers didn’t pay for the benefits they are receiving is nonsense. I’m 63 and will soon be enjoying getting back a small fraction of the dollars the govt has mandated that I give them for literally 5 decades. Just my FICA costs are about $250k over the working period of my life. The deficit spending in earnest really took off around 2005. USA launched into multiple regime change wars and had to bail out Wall Street for derivatives trading gone wild, then the banking crisis that the USA took a disproportionate share of the problem, we could also blame big pharma and insurance companies for healthcare costs gone wild that have sucked more into Medicare and Medicaid….. Obamacare that expanded Medicaid recipients and probably a couple thousand projects added to bills in congress that were pork. The boomers paid it backwards for the silent and greatest generations ….. huge tax payments for decades. I was working every day before I was 11 and have been working ever since as did others that I grew up with. Politicians have failed the American people by not imposing term limits and campaign finance reform on themselves. They are beholden to corporations that donate to PAC groups that fund their re-election each cycle and in return write laws that benefit corporate interests. Big taxpayer money going to corporations does not benefit the people who are working and paying taxes; it benefits the corporate executive bonus money and the corporate shareholders and their money managers. Do not believe the lie that boomers didn’t pay taxes and that’s why the country has a $34.6 trillion debt. This is camouflaging the real issues so Wall Street can continue to fleece Americans who work for a living by dividing us by age group and casting blame on the everyday American workers. Rick should issue a written apology for this misleading and unfounded statement.
The Supreme Court has failed the American people as well. The decision of "Corporations are People" has caused a great deal harm to our economy. A party government and people voting on emotions, lack of understanding the political issues, and definitely sending the same political person to the Congress for over 50 years where they have been entrenched in enriching themselves over sound legitimate policies that could have saved the United States. Regulations are always a good thing when applied to a certain amount of industries and individuals. Violations should be mandatory with helpful fines, and harsh penalties such as AUTOMATIC Mandatory prison sentences with a maximum amount of years to be served without any parole consideration until the minimum is served. These are just a few things that brought us to where we are today. Too many loopholes, too much hypocrisy, and too many liars, cheats, scammers that wear a suit and tie as if they were any better than the ones that are on the streets.
*Hallelujah!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻was owning a loan of $47,000 to the bank for my son's brain surgery (David), Now I'm no longer in debt after I invested $12,000 and got my payout of m $270,500 every months,God bless Chloe Linda Henderson🇺🇸🇺🇸🇺🇸..*
After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸 also paid for my son's surgery (Oscar). Glory to God.shalom.
"People often ask me... How can I Save a million dollars? First... get a million dollars, then don't spend it. Next thing you know your Saving a million dollars" Steve Martin
The Currency Crisis of 1967 created another line on LBJ's face. Without Appropriating funds for a War on Poverty, chances of re-election seemed dim with Kids outside the White House, saying, "Hey Hey, LBJ, How many kids did You kill today?" Mike Mansfield was forced to deliver the bad news. His Predecessor had pissed away the Treasury contents, on some Colonial Conflict in Asia. So LBJ understood his position. The last 3 Administrations appear to have little problems as Victoria Nuland's War killed Eastern European Kids. Vicky went to work for the Clinton s. No Draft Board was seeking Kids to send to Southeast Asia. Nixon Administration work adjusted the Currency. The introduction of Fiat Dollars went smoothly till Bush Administration allowed Vicky to start spending all she needed to convince the Eastern European Nations to join NATO. Now here we are looking at a Currency Crisis that even LBJ never imagined. The FED has no liquidity to add to Banks. Yellen is incapable of selling Treasury Paper. Congress has diminished the amount of liquid assets that Banks must retain. Congress appears to be determined to pay the bills, with Russian Assets. Russia disagrees. The FED now seems to be the Bank with the Cash problem? They are unable to spread the Play (Fiat) Money around. There is no support for the Printer. That seems to get overlooked...... Kids today have Credit Cards. They do not carry signs about Kids Dying in Nam, they do not notice Carpathian Kids getting fried . So the current Administration takes the blame for Money issues, but not for any Current Events. The GAO measures Consumer support, by including Credit spending in the bottom line. How is the Consumer Debt supposed to go away? Is there enough profits to erase Consumer Debt? How is the Treasury Debt going to go away? Are the Kyiv Guys going to attack Moscow and take their assets? Like LBJ viewing that Currency Crisis, Biden has good reason to appear disoriented? Why is the USA attacking Russia. Do we need their resources? Has BRICS taken the Colonies and created a Trade Union?
They cant do that , there no way to return to that? Only Gold standard system has capability to do that , if they do , all markets will collapse overnight
@@pauloquijano8479 I free market for money not any standard. There should not be a gold standard or any money standard. Read Mises, Rothbard, Block. Austrian economics has the answers.
David! Rick Rule is always a great interview. Literally an asset for a financial mind, feeding it with common sense as nutrition. But why is it when he speaks on a subject, I feel like he’s making fun of me? But I end listening feeling wiser?
there's NO shortage of silver. We USED to burn thousands of tons of it per year in photography, but that has not been true for 20+ years. The stuff is very bulky for its value, so it's hard to carry around and conceal. It also corrodes/gets milk spots. I've got a few rolls of silver quarters for barter, a few ozs of 1/10th oz gold coins, a $50, very sensitive scale for weighing shavings off of the edges of gold coins, or chunks cut from silver coins with a chisel. The rest is one oz coins NOT from the US, cause US coins screw you out of another $40 per coin, vs Maple leafs, Britannicas, or Krugerrands. I would not touch silver eagles with a 10 ft pole. YOu're going to lose at least 20% on each one. To hell with THAT noise!
I think a real concern is that the FDIC is "saving" depositors in toto today, reducing their ability to perform their role at all, later. The problem seems to be widespread and it all relates to making today's problem tomorrow's nightmare. This is true fiscally, borrowing wantonly, monetarily, leaking excessive liquidity into the system, and prudentially, saving depositors from themselves. I guess we will see.
I think there is a common misunderstanding about Capital Gain Taxes in Canada. Currently, half of any capital gain is tax-exempt, while the other half is subject to tax. However, the actual amount of taxes paid depends on the individual's income level. For example, if you made a $300,000 gain, $150,000 would be tax-free, and the remaining $150,000 would have tax implications. However, if you have room for $100,000 in RRSP investments and haven't earned any other income, your taxable income would be $50,000. In this scenario, your taxes would be around $10,000 to $15,000, depending on deductions. So you made 300,000 and pay 10,000-15,000. Now, there's a proposal to increase the taxable portion of capital gains beyond 50%. Even if they raise to 100%, it still depends on the person’s income level for the year.
"Much more than they put in"??? Did he just imply inflation is "more money"? They have been paying taxes their whole life, and he thinks INFLATION is "more money than they put in" to social security? What a clown.
MY 2 CENTS WORTH: FIGURE OUT HOW MUCH MONEY YOU NEED TO LIVE FOR A YEAR IN YOUR RETIREMENT…FOOD, HOUSING, INSURANCE, TRANSPORTATION, FUN TRAVEL, MEDICAL, ETC… LET’S SAY YOUR NUMBER IS $100,000 PER YEAR. TAKE YOUR ANNUAL INCOME NEED, MULTIPLY BY 25. THAT IS THE AMOUNT YOU NEED IN SAFE INVESTMENTS (MIXED EQUITIES AND BONDS) TO RETIRE. TAKING $100,000, YOU WOULD NEED $2,500,000 INVESTED. THIS WOULD EASILY PRODUCE 6-7% PER YEAR. YOUR $100,000 WOULD ONLY REPRESENT 4% OF THE TOTAL, SO THERE WOULD BE ROOM FOR COST OF LIVING RAISES EACH YEAR.
Regardless of this channel (seemingly) being geared primarily torwards gold,silver & crypto, I have to say, I greatly admire David's strides in excellence. For ex: when he asks the listeners for questions prior to the guest arrival, that's not only intelligent, it's another way he is always moving toward supreme. 👏 Bravo
How many years have these channels been "predicting" financial collapse? I guess if they go on about it long enough, at some point they may be partially right. Then they'll say..."You see! We were right"😂😂😂
Russia is not spending more than its total income, The Defence budget is 7% of GDP which is not a war economy, Russian GDP is real, Unlike the Western nation's version of GDP, Purchasing power is king, Russians have far more purchasing power than the equivalents of those in the west
Less money to the old folks, huh,Ricky..? Coming from an ex bouncer. I hardly ever understand where people of this caliber get the license to comment on a much needed welfare program in a “fiat based economy “, Rick. I can’t believe you actually made a statement on this platform going against the very system you claim to be challenging. People like you start getting snow blind.
Bitcoin and others loose anonymity when you convert to fiat...and Gov will put in a capital gains.....(it is not money) then this black swan will create panic selling...zzzzz well tonight...
Bank failures will continue on a regular basis for a few years. Republic First was a tiny bank in comparison to Silicon Valley. But as bigger banks go bust the Fed will come to the rescue. The FDIC and the FED are watching the situation closely.
⚡ If you're already a Notion AI user, you can get started today with Q&A already in your Notion workspace: ntn.so/davidlinqa
How will this "crisis of confidence" unfold? Tell us how you feel in the comments below and don't forget to subscribe!
FOLLOW RICK RULE:
Rule Investment Media: ruleinvestmentmedia.com/
Twitter (@RealRickRule): twitter.com/RealRickRule
RUclips: www.youtube.com/@RuleInvestmentMedia
Good he points out that Russia spends more it takes in, comapre to Steve Hanke that believes Russian economy is going well...
YES BUY THE DIP OF BANKS WEN THEY FAIL, DID THE SAME THING LAST BANK FAILURE LAST YEAR..NO FEAR ...LETS GO..
About the current bank situation, I'm really concerned. I am worried about a lot more if a bank the size of SVB may fail. I have a friend who manages a fast-growing startup and was severely impacted by the bank run. I have taken more than $840k out of my bank. Since the FDIC only provides coverage up to $250K, an implosion could have negative consequences. presently want to invest in the stock market. Does anyone have any ideas on how I might proceed?
It seems like there's potential, but caution is warranted. hence I will advice you get yourself a financial advisor that can provide you with entry and exit points
We fail to realize that banks are commercial enterprises that are driven by greed as well. The over-leveraging of assets by banks starting in 2020 was one of the factors that led to SVB's collapse. I've never felt secure keeping a large sum of money in a bank. In other words, I invest through my financial advisor, reap the benefits, and then spend the money.
Could you recommend your advisor? I'll be happy to use some help.
I'm cautious about giving specific recommendations since everyone's situation varies, but l've worked with " Sonya Lee Mitchell” for years and highly recommend her See if she meets your criteria.
I looked her up, and I have sent her an email. I hope she gets back to me soon. Thank you
Man I wish you could have asked him about Uranium enrichment. But great interview as always.
David Your really creating a legacy brand of great content
‘YOU’re NOT “ your” ignorance is spreading!
@@tomtesoro5465don’t get hung up on speeling
This is a paid advert for battle bank. And you can't even tell haha
@@tomtesoro5465uh oh,the grammar police are on duty. Hey fella, do you feel good, smart,better, during and after whatever it is that you just did to someone's spelling or actually lack of a pronunciation symbol. Is it a feeling of superiority when your u can make some meaningless correction? I am trying to understand my fellow human beings,but it's getting more difficult, not mo' betta
71 years old!? This guy looks great for his age.
Yeah he does.
Should rename your handle as gayman
Old fart
@@Discovery2024-rn8kn Bro chill 😂😂
This seems like the worst period.
Even the market are now very unpredictable. Started investing recently when the market prices were a bit high,today I am more than 60% down!
I agree just reached my goal of $500k monthly trade earnings. Setting realistic goals is an essential part of trading.
Please educate me, i'm willing to make consultations to improve my situation,
Yeah, I used the FIRE movement to put my finances in order. Then, I invested in stock, cryptocurrency, and real estate, though the assistance of my discretionary fund manager, dullpher, who helped me make it big...
Please how do I find this financial counselor?
I'd love to know this mentor of yours
Mining companies are poor citizens. In the Yukon canada there are millions spent trying to clean up the contaminated sites abandoned by irresponsible actors. Cyprus Anvil mine which was subsidized by the government in the 80's has a 500 year cleanup plan. Please explain the economics of that to the Canadian taxpayers
Salam Mr. David
Love and respect from Iraq
😀💯❤🤍✌
Why don't we ever consider cutting military/war budgets rather than cutting old people's budgets? Not to mention all the other absurd things governments waste money on?
Corruption in Congress and government is rampant!
$4 tril to invade Iraq. $5 tril to invade Afghanistan. $140 bil to corrupt Ukraine? WTF with all of this?
The Military is what backs our currency. Without the Military, much of the world would give us the big middle finger.
We just need an old people's lobbying group that can out-bribe...., excuse me, outspend the others. Problem solved!
Because war is as certain as the sun rising tomorrow, and there were many very wealthy Jews in Nazi Germany that were exterminated.
I never get tired of listening to Rick I always come away a little bit smarter.
What do you get tired of, then? Very curious - please do share! On the edge of the seat there to understand that
@@simrans3675EB Tucker
I do
Love David's interviews. My favorite was from the other day when that window washer suddenly appeared behind you out of the bottom of the screen and basically climbed this way to the top and David just played along with it. Inly question is - what floor are they on? 😅
Haha
There will be a moment after which no country will be willing to sell tangible products or services and get paid in worthless paper money. In 2001 73% of international settlements was done in USD. In 2023 it was 58% and dropping fast. The only asset of the US economy which is the USD will become a catastrophic liability...
If the politicians over the years would have left the social security accumulate instead of using it for everything what it was not intended for and just throwing in an IOU that some day would make up the difference which was total BS social security would be solvent today.
I’m going to disagree with Ricks comment , too much money given to old folks it’s more than they put in.
That may be true for the lower paid workers but it’s not for someone who maxed out their SS every year for 45 years. Add to that the top tax brackets and the additional 7% we business owners pony up on our own SS it’s going to take a long long time to just get back the principal of those SS deductions. I start this month receiving SS and at the same time paying 15% at the maximum cap as I am still working. So I need to live to at least 100 to break even.
Battle Bank. Love it!! Rick tells you what he thinks. It's refreshing.
How do most of you guys still making profit? Even with the downturn of economy and ever increasing life standards
Well, I picked the challenge to put my finances in order. Then I invested in cryptocurrency and stocks, through the assistance of my discretionary fund manager
Mrs Caroline Arnold
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
Yeah that's right I think it's right to invest with professional at least it saves the trauma of too much loses
~Mrs Caroline Arnold was my hope during the bear summer last year. I did so many mistakes but also learnt so much from it, and of course from Caroline Arnold. She is my number one when it comes to crypto and TA.
Giving social benefits to people who have never paid into the system is the reason for its failure.
Market will keep on going higher and higher till elections..i.e Dec 2024.
Governments around the world ARE actively working to reduce the expenditures to services for seniors by actively eliminating the seniors through the creation and propagation of never before existing viruses that seem to target the aged and those with co-morbidities that use those expenditures!
???
Rick "rules!"
I started working, and paying Social Security taxes, when I was 14. I was not given a choice. I did not vote for it. This old, rich guy, is telling me that I'm going to have to do without.
I just posted a similar comment…. working since I was 10.
He’s right. Complain to your government I’m sure they’ll care.
Rick’s comment regarding taxes - he does not look at it from a lense of % of personal wealth paid in taxes - the poor will ALWAYS pay a higher percentage of their personal wealth in taxes. In terms of volume of taxes the poor will pay less because they are POOR and they are caught in the vicious cycle of paying a higher percentage of their wealth in taxes
Rick Rules is the best!!
🇺🇸We had two banks here locally close this year alone with three major manufacturing companies in our area. Major layoffs of seasoned employees.😫
2008 ??? This coming storm will be much, much worse than 1929 !!!
Thank you both for this awesome interview, it’s a pleasure to learn from Mr Rick Rule!
David, increase taxation is not the solution, income tax started at 4% in the US, we are at 40-50% right now.
The solution is limit expenditures and have a healthy budget with surplus and not deficit. If I make $100k a year, can I spend $150k every year and not go broke?
Historically speaking Bitcoin doesnt do much immediately after the halving - but it does do impressive spikes and tops out around 18 or so months afterwards. No one can time the market, but I'd say it's worth considering entering a position at current prices and if further dips occur, just add to your position. Over the long run, there is a higher probability to the upside than the downside, .It's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 2.4Bitcoin to a decent 18Bitcoin in the space of a few months... I'm especially grateful to Francine Duguay, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
Thanks for keeping it light and real at the same time. Much needed for us traders in times like these!
The internet is filled with so many useful information about Francine Duguay crypto….
This is why it is advisable to connect with a true market strategist in order to avoid missing such opportunity and maintain steady gains.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
It really helped trading with Francine Duguay analysis and info, even with the market in a downward trend. Definitely riding the market wave is a good perspective..
Rick Rule such legend
Got yr savings in that bank have you?
Great interview David!
banks get to loan out 20x the money that they have on deposit. So they loan at 8%, x 20 is 160 %, pay you 1% on your deposit (at most) so they lose 2% on their "old" loans/bonds, so what? they are NOT hurting, folks.
Bingo
always fun to hear from Rick, as entertaining as informative, go battle bank! what a great name
Rick Rule needs to have a reexamination of what is fair
what is fair is going to look very different from everyone's perspective
does Rick Rule believe that it will be fair for average workers to work a day for a loaf of bread if nobody else is willing to pay higher?
Rule is a wordsmith; much enjoyed conversation although the implications are terrifying! Thought exercises aside, if the past is prologue the future is now. Good luck everyone!
The United States alone has over 4,000 different banks and lending institutions. More than all G20 countries combined.
Is this a repost? First Republic was over a year ago. Why is IAT at a 52 week high: regionals are the most vulnerable to commercial Real Estate. He makes sense, but the stuff does not happen that way. Y'all listen to these (albeit rich) pundits and believe everything...discernment is crucial. I hate the Fed, I own a boatload of AG, the banksters always have a way to dodge the bullet. Where are the people talking about the derivative books -0 that is where the nuclear bomb resides.
We are all getting serviced Rick just without LUBE
All Rick Rule interviews are great, but this one was amazing. Especially for Canadians
If you have the means to leave Canada asap you’d be braindead not to.
I don't think people put less money into social security than they get back if you consider how much that money would be in old age if it was put in Vanguard index funds.
Medicare costs could be lowered by 2/3 without any increase in mortality or illness.
im closer to a wall street guy than a main street guy, but i have to agree that these banks that make risky moves should not be bailed out. of course they are going to take imprudent risks if they are going to get bailed out. it's like going into a casino, buying $1000 worth of chips knowing that you'll be refunded $1000 at the end of the day if you lose. of course they are going to bet recklessly.
Listen to Rick carefully, the corruption of the system has gone beyond what you said here, it is clear in the rule that only $250k is covered, but if you are politically connected, your jumble will be covered!
It's theft by the corrupted, look at folks like Epstein and Weinstein and Rosenberg and the like. These synagogue of Satan alumni have been at this since the dawn of time. Yes, blackmail and extortion is the name of their game. Is it not so very ez to see 👹
Propper analogy
@cockyhemi-123That’s not what happened March 2023.
You're closer to what ?
Huh. He knew so much about Canadian politics i thought he was Canadian
Would've been good to ask him on investing in gold vs gold miners
Your guest tonight was amazing. He talked me into swapping some crypto for gold. I loved his interview
Just because 2008 happened doesn't mean it will happen again. The people running the show get more and more clever about preventing major economic disaster.
David Lin falls for the same myth, Gold up, dollar down!! 2008 USD Index 72, Gold 800, 2024 USD Indes 106, Gold 2024!! This clearly shows over the long run Gold moves independently from USD
Always a joy to see you here, Rick; and you always seem to be 95% correct in your observations! (I am still working full time at age 76, but the Canadian Gov't has NOT been handing me more money, in fact, although a low income earner, the Gov't has drastically clawed back my old age security payments; and i got hit with the worst income taxes in my lifetime). Agree with you on 7% inflation, but parts costs for equipment seems a lot higher than that.
This was my favorite interview so far!! What a great guy!!
Lower interest rates are inevitable if the economy crashes which is it showing signs of doing, sooner or later it will happen.
You can't disregard the flattening of the economy in China. Inflationary pressures will exist but they will further flatten economic growth.
This is all by design. No accident that JP Morgan gets bigger.
Rick is so well spoken!
Finally a normal person on the show.
Right about now would be a great time to upload a song about banks collapsing and the hardships for common folk.
🤔 Any old tunes about when the U.S. confiscated the gold coins?
@@_Thoughtful_Aquarius_ There is an old song that goes, "I don't want your greenback dollar..."
The S&L failure was the early 80s...i lost over $1million, real money.
Gradually and conservatively accumulate hard assets.
Some great thoughts on commodities and the driving force behind them. However, the comments suggesting baby boomers didn’t pay for the benefits they are receiving is nonsense. I’m 63 and will soon be enjoying getting back a small fraction of the dollars the govt has mandated that I give them for literally 5 decades. Just my FICA costs are about $250k over the working period of my life. The deficit spending in earnest really took off around 2005. USA launched into multiple regime change wars and had to bail out Wall Street for derivatives trading gone wild, then the banking crisis that the USA took a disproportionate share of the problem, we could also blame big pharma and insurance companies for healthcare costs gone wild that have sucked more into Medicare and Medicaid….. Obamacare that expanded Medicaid recipients and probably a couple thousand projects added to bills in congress that were pork. The boomers paid it backwards for the silent and greatest generations ….. huge tax payments for decades. I was working every day before I was 11 and have been working ever since as did others that I grew up with. Politicians have failed the American people by not imposing term limits and campaign finance reform on themselves. They are beholden to corporations that donate to PAC groups that fund their re-election each cycle and in return write laws that benefit corporate interests. Big taxpayer money going to corporations does not benefit the people who are working and paying taxes; it benefits the corporate executive bonus money and the corporate shareholders and their money managers. Do not believe the lie that boomers didn’t pay taxes and that’s why the country has a $34.6 trillion debt. This is camouflaging the real issues so Wall Street can continue to fleece Americans who work for a living by dividing us by age group and casting blame on the everyday American workers. Rick should issue a written apology for this misleading and unfounded statement.
The Supreme Court has failed the American people as well. The decision of "Corporations are People" has caused a great deal harm to our economy. A party government and people voting on emotions, lack of understanding the political issues, and definitely sending the same political person to the Congress for over 50 years where they have been entrenched in enriching themselves over sound legitimate policies that could have saved the United States. Regulations are always a good thing when applied to a certain amount of industries and individuals. Violations should be mandatory with helpful fines, and harsh penalties such as AUTOMATIC Mandatory prison sentences with a maximum amount of years to be served without any parole consideration until the minimum is served. These are just a few things that brought us to where we are today. Too many loopholes, too much hypocrisy, and too many liars, cheats, scammers that wear a suit and tie as if they were any better than the ones that are on the streets.
What a GREAT interview...thank you David and Rick...
Rick has got a serious star fleet vibe going on today
This will be worse then anything we ever seen. Unfortunately
*Hallelujah!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻was owning a loan of $47,000 to the bank for my son's brain surgery (David), Now I'm no longer in debt after I invested $12,000 and got my payout of m $270,500 every months,God bless Chloe Linda Henderson🇺🇸🇺🇸🇺🇸..*
Thanks to my co-worker (Alex) who suggested Ms Chloe Linda Henderson.
She's a licensed broker in the states 🇺🇸
After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸 also paid for my son's surgery (Oscar). Glory to God.shalom.
Great to see you guys talking about her, she changed the game for me.
May God bless Ms Chloe Linda Henderson services,she have changed thousands of lives globally.
He is so wise knowledgeable. Thanks#
Pumpndumpa Ric❤ instant tune out maybe unsub❤
Every podcast should be required to publish the date of the recording.
David you look better than usual good on you 😊
FDIC showed everyone will get bailed out now, not just sub $250K. No restraint anywhere in government. Spend and print.
I don’t understand because he said Federal Reserve worried about inflation????? Really???? Who printed all this money then? B..Sh….
Their is levels to this ish , we all have hierarchy. Thonk about it.
As Rick said, you are always so very well prepared for all your interviews. Great work David 👏🏻
Rick rule is a legend and david is amazing. 2 amazing guys. Carefully listen to rick rule. He is the smartest and best there is.
It seems that someone has to pay the bills sooner or later
Everyone talks economics when they should be talking corruption.
"People often ask me... How can I Save a million dollars?
First... get a million dollars, then don't spend it. Next thing you know your Saving a million dollars"
Steve Martin
Step 3 - tell the IRS you forgot to pay taxes. Step 1 revised get a million dollars outside of wages.
Great interview, I love listening to Rick Rule he speaks sense which seems to be lacking in recent times 👍
What's Rick's take on crypto?
The Currency Crisis of 1967 created another line on LBJ's face.
Without Appropriating funds for a War on Poverty,
chances of re-election seemed dim with Kids outside the White House,
saying, "Hey Hey, LBJ, How many kids did You kill today?"
Mike Mansfield was forced to deliver the bad news.
His Predecessor had pissed away the Treasury contents,
on some Colonial Conflict in Asia.
So LBJ understood his position.
The last 3 Administrations appear to have little problems as
Victoria Nuland's War killed Eastern European Kids.
Vicky went to work for the Clinton s.
No Draft Board was seeking Kids to send to Southeast Asia.
Nixon Administration work adjusted the Currency.
The introduction of Fiat Dollars went smoothly till Bush Administration
allowed Vicky to start spending all she needed to convince
the Eastern European Nations to join NATO.
Now here we are looking at a Currency Crisis that even LBJ
never imagined.
The FED has no liquidity to add to Banks.
Yellen is incapable of selling Treasury Paper.
Congress has diminished the amount of liquid assets
that Banks must retain.
Congress appears to be determined to pay the bills,
with Russian Assets.
Russia disagrees.
The FED now seems to be the Bank with the Cash problem?
They are unable to spread the Play (Fiat) Money around.
There is no support for the Printer.
That seems to get overlooked......
Kids today have Credit Cards.
They do not carry signs about Kids Dying in Nam,
they do not notice Carpathian Kids getting fried .
So the current Administration takes the blame for
Money issues,
but not for any Current Events.
The GAO measures Consumer support,
by including Credit spending in the bottom line.
How is the Consumer Debt supposed to go away?
Is there enough profits to erase Consumer Debt?
How is the Treasury Debt going to go away?
Are the Kyiv Guys going to attack Moscow and take their assets?
Like LBJ viewing that Currency Crisis,
Biden has good reason to appear disoriented?
Why is the USA attacking Russia.
Do we need their resources?
Has BRICS taken the Colonies and created a Trade Union?
How about no fractional reserve banking. Yes 10%reserves is better than 7. But 100% is ethical and just.
They cant do that , there no way to return to that? Only Gold standard system has capability to do that , if they do , all markets will collapse overnight
@@pauloquijano8479 I free market for money not any standard. There should not be a gold standard or any money standard. Read Mises, Rothbard, Block. Austrian economics has the answers.
Time well spent thank you both
Needs to read a Bitcoin book....
He’s not interested in it, why should before that?
Rule is sharp and self effacing
Need time stamp
Good interview David; questions were on point.
I wish i look like that at 71.
David! Rick Rule is always a great interview. Literally an asset for a financial mind, feeding it with common sense as nutrition. But why is it when he speaks on a subject, I feel like he’s making fun of me? But I end listening feeling wiser?
When you cash in Gold Eagles they don't even ask your name. No record of capital gains.
I wonder why no one ever mentions that?
Because they liquidated someone else's gold and your th simp
thanks, David. I appreciate Rick Rule, I think he has a noble sense of giving back and he does so with all the interviews he gives.
there's NO shortage of silver. We USED to burn thousands of tons of it per year in photography, but that has not been true for 20+ years. The stuff is very bulky for its value, so it's hard to carry around and conceal. It also corrodes/gets milk spots. I've got a few rolls of silver quarters for barter, a few ozs of 1/10th oz gold coins, a $50, very sensitive scale for weighing shavings off of the edges of gold coins, or chunks cut from silver coins with a chisel. The rest is one oz coins NOT from the US, cause US coins screw you out of another $40 per coin, vs Maple leafs, Britannicas, or Krugerrands. I would not touch silver eagles with a 10 ft pole. YOu're going to lose at least 20% on each one. To hell with THAT noise!
Film based radiography also used silver. Very few industries use film anymore...they went to computed or digital radiography
I assume you own a cash flowing business, rental properties, dividend portfolio etc. since PMs appear to be a very small % of your NW?
Paid for youtube premium to avoid ads, and then you get ads from the content creators themselves. Time to drop YT premium i guess 😂
Are you on Grinder
This guy is super interesting and a great interview
Why does battle banks logo on his shirt look like a bitcoin?
Because it starts with a B
You can tell Rick really does enjoy what he does
I think a real concern is that the FDIC is "saving" depositors in toto today, reducing their ability to perform their role at all, later. The problem seems to be widespread and it all relates to making today's problem tomorrow's nightmare. This is true fiscally, borrowing wantonly, monetarily, leaking excessive liquidity into the system, and prudentially, saving depositors from themselves. I guess we will see.
David, what you do is amazing. Can’t get enough of it.
A guest that is a realist and has a very keen sense of what’s what’s.
I think there is a common misunderstanding about Capital Gain Taxes in Canada. Currently, half of any capital gain is tax-exempt, while the other half is subject to tax. However, the actual amount of taxes paid depends on the individual's income level.
For example, if you made a $300,000 gain, $150,000 would be tax-free, and the remaining $150,000 would have tax implications. However, if you have room for $100,000 in RRSP investments and haven't earned any other income, your taxable income would be $50,000. In this scenario, your taxes would be around $10,000 to $15,000, depending on deductions. So you made 300,000 and pay 10,000-15,000.
Now, there's a proposal to increase the taxable portion of capital gains beyond 50%. Even if they raise to 100%, it still depends on the person’s income level for the year.
Always good to hear from Mr. Rule. Thank you.
"Much more than they put in"???
Did he just imply inflation is "more money"?
They have been paying taxes their whole life, and he thinks INFLATION is "more money than they put in" to social security?
What a clown.
MY 2 CENTS WORTH: FIGURE OUT HOW MUCH MONEY YOU NEED TO LIVE FOR A YEAR IN YOUR RETIREMENT…FOOD, HOUSING, INSURANCE, TRANSPORTATION, FUN TRAVEL, MEDICAL, ETC… LET’S SAY YOUR NUMBER IS $100,000 PER YEAR. TAKE YOUR ANNUAL INCOME NEED, MULTIPLY BY 25. THAT IS THE AMOUNT YOU NEED IN SAFE INVESTMENTS (MIXED EQUITIES AND BONDS) TO RETIRE. TAKING $100,000, YOU WOULD NEED $2,500,000 INVESTED. THIS WOULD EASILY PRODUCE 6-7% PER YEAR. YOUR $100,000 WOULD ONLY REPRESENT 4% OF THE TOTAL, SO THERE WOULD BE ROOM FOR COST OF LIVING RAISES EACH YEAR.
Regardless of this channel (seemingly) being geared primarily torwards gold,silver & crypto, I have to say, I greatly admire David's strides in excellence. For ex: when he asks the listeners for questions prior to the guest arrival, that's not only intelligent, it's another way he is always moving toward supreme. 👏 Bravo
How many years have these channels been "predicting" financial collapse?
I guess if they go on about it long enough, at some point they may be partially right. Then they'll say..."You see! We were right"😂😂😂
Russia is not spending more than its total income, The Defence budget is 7% of GDP which is not a war economy, Russian GDP is real, Unlike the Western nation's version of GDP, Purchasing power is king, Russians have far more purchasing power than the equivalents of those in the west
Less money to the old folks, huh,Ricky..? Coming from an ex bouncer. I hardly ever understand where people of this caliber get the license to comment on a much needed welfare program in a “fiat based economy “, Rick. I can’t believe you actually made a statement on this platform going against the very system you claim to be challenging. People like you start getting snow blind.
Most people will be taken care of with FDIC having enough funds for 1% of accounts? Why is he saying this? What happened to Battle Bank, also?
Bitcoin and others loose anonymity when you convert to fiat...and Gov will put in a capital gains.....(it is not money) then this black swan will create panic selling...zzzzz well tonight...
Bank failures will continue on a regular basis for a few years. Republic First was a tiny bank in comparison to Silicon Valley. But as bigger banks go bust the Fed will come to the rescue. The FDIC and the FED are watching the situation closely.