'Absolutely' More Bank Failures Coming; Will This Be Worse Than 2008? | Rick Rule
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Rick Rule, Founder of Rule Media, discusses how this banking crisis will likely unfold, and what's next for the economy and markets.
*This video was recorded on May 1, 2024
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*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.
0:00 - Intro
1:30 - Bank failures
16:40 - Commodities cycle
20:55 - Uranium and nuclear power
22:50 - Gold
26:00 - U.S. dollar
26:48 - Canada's new budget
31:45 - Population trends
35:15 - Fed and inflation
39:45 - $9,000 gold
41:46 - Rick's career advice
#economy #investing #bankfailure
Пікірлер: 486
⚡ 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 KZread: www.youtube.com/@RuleInvestmentMedia
@Lukky_Luke
Ай бұрын
Good he points out that Russia spends more it takes in, comapre to Steve Hanke that believes Russian economy is going well...
@wisdoma4860
Ай бұрын
YES BUY THE DIP OF BANKS WEN THEY FAIL, DID THE SAME THING LAST BANK FAILURE LAST YEAR..NO FEAR ...LETS GO..
David Your really creating a legacy brand of great content
@tomtesoro5465
Ай бұрын
‘YOU’re NOT “ your” ignorance is spreading!
@mynameisrufusdude
Ай бұрын
@@tomtesoro5465don’t get hung up on speeling
@reecemccullough4829
Ай бұрын
This is a paid advert for battle bank. And you can't even tell haha
@higgpigg4326
Ай бұрын
@@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
I never get tired of listening to Rick I always come away a little bit smarter.
@simrans3675
Ай бұрын
What do you get tired of, then? Very curious - please do share! On the edge of the seat there to understand that
@RudolfMaister420
Ай бұрын
@@simrans3675EB Tucker
@kqh123
Ай бұрын
I do
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?
@commonsense6967
Ай бұрын
Corruption in Congress and government is rampant!
@fredcrossman5133
Ай бұрын
$4 tril to invade Iraq. $5 tril to invade Afghanistan. $140 bil to corrupt Ukraine? WTF with all of this?
@auntiefiat9769
Ай бұрын
The Military is what backs our currency. Without the Military, much of the world would give us the big middle finger.
@zkal11
Ай бұрын
We just need an old people's lobbying group that can out-bribe...., excuse me, outspend the others. Problem solved!
@codycoldbrewski572
28 күн бұрын
Because war is as certain as the sun rising tomorrow, and there were many very wealthy Jews in Nazi Germany that were exterminated.
All Rick Rule interviews are great, but this one was amazing. Especially for Canadians
@jasperalberts7647
Ай бұрын
If you have the means to leave Canada asap you’d be braindead not to.
Rick Rules is the best!!
71 years old!? This guy looks great for his age.
@bigpicturethinking5620
Ай бұрын
Yeah he does.
@Discovery2024-rn8kn
Ай бұрын
Should rename your handle as gayman
@blackdong4footwangnosucky
Ай бұрын
Old fart
@zakariaelhimer1325
26 күн бұрын
@@Discovery2024-rn8kn Bro chill 😂😂
Battle Bank. Love it!! Rick tells you what he thinks. It's refreshing.
Rick Rule such legend
@leonie563
Ай бұрын
Got yr savings in that bank have you?
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? 😅
@RealLifeFinance
Ай бұрын
Haha
always fun to hear from Rick, as entertaining as informative, go battle bank! what a great name
Salam Mr. David Love and respect from Iraq 😀💯❤🤍✌
Rick is so well spoken!
This was my favorite interview so far!! What a great guy!!
Great interview David!
Thank you both for this awesome interview, it’s a pleasure to learn from Mr Rick Rule!
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.
@cockyhemi-123
Ай бұрын
They won’t be bailed out. Per the Dodd-Frank Act of 2010, they’ll be bailed in.
@kunghsu1
Ай бұрын
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!
@higgpigg4326
Ай бұрын
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 👹
@elijahrose7913
Ай бұрын
Propper analogy
@hood6854
Ай бұрын
@@cockyhemi-123That’s not what happened March 2023.
Giving social benefits to people who have never paid into the system is the reason for its failure.
Time well spent thank you both
David, what you do is amazing. Can’t get enough of it.
What a GREAT interview...thank you David and Rick...
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.
Rick is the greatest boomer alive . Thanks David and Rick !
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.
As Rick said, you are always so very well prepared for all your interviews. Great work David 👏🏻
Great interview, I love listening to Rick Rule he speaks sense which seems to be lacking in recent times 👍
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!
@alexandraesther984
Ай бұрын
I agree just reached my goal of $500k monthly trade earnings. Setting realistic goals is an essential part of trading.
@liammateo287
Ай бұрын
Please educate me, i'm willing to make consultations to improve my situation,
@DivineChibueze-od8py
Ай бұрын
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...
@liammateo287
Ай бұрын
Please how do I find this financial counselor?
@liammateo287
Ай бұрын
I'd love to know this mentor of yours
A guest that is a realist and has a very keen sense of what’s what’s.
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!
Always good to hear from Mr. Rule. Thank you.
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?
Your guest tonight was amazing. He talked me into swapping some crypto for gold. I loved his interview
Rick "rules!"
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...
Can’t figure out which one of your videos is better haha. Keep up the good work!
"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
@randallkohn6089
Ай бұрын
Step 3 - tell the IRS you forgot to pay taxes. Step 1 revised get a million dollars outside of wages.
Good interview David; questions were on point.
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!
@darrenmogg3440
Ай бұрын
???
One of the best interviews I’ve seen in a while. Great work by both David and Rick.
Rick and David, thank you!
Another amazing episode. Keep grinding them out, you’re an inspiration!
Finally a normal person on the show.
@_Thoughtful_Aquarius_
Ай бұрын
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?
@CliftonHicksbanjo
Ай бұрын
@@_Thoughtful_Aquarius_ There is an old song that goes, "I don't want your greenback dollar..."
What an intro, well deserved. Great job, David.
Great interview. Thanks!
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.
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.
@ErickaWilliamsCC
Ай бұрын
Bingo
I love your show, David.
He is so wise knowledgeable. Thanks#
Excellent! Thank you!
You can tell Rick really does enjoy what he does
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.
We are all getting serviced Rick just without LUBE
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.
Excellent discussion!
Thanks Rick! Looking forward to the opening of Battle bank.
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
Loved this interview … 🙏
Rick is the best
I can't wait for Battle Bank. I wish Rick and his team the best.
Great guest. Great interview David!
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!
@Mr_Hundredaire
Ай бұрын
Film based radiography also used silver. Very few industries use film anymore...they went to computed or digital radiography
@jasperalberts7647
Ай бұрын
I assume you own a cash flowing business, rental properties, dividend portfolio etc. since PMs appear to be a very small % of your NW?
Brilliant 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.
Can't wait to see battle bank.. thanks for everyone's time..
David, you are doing great work.
What a great interview! thank you :)
Never get tired of listening to Nick.
The United States alone has over 4,000 different banks and lending institutions. More than all G20 countries combined.
Great content
Great interview.
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.
@dtrout
Ай бұрын
I just posted a similar comment…. working since I was 10.
@randallkohn6089
Ай бұрын
He’s right. Complain to your government I’m sure they’ll care.
David Lin, you're the Larry King of our times. Keep up the good work, sir. 👍
Finally, the Rule is back
Rick Rule is a G
Lin+Rule=Competence
Rich Rule Rules!
rick is good, real knowledgeable
Thanks!
DL keep it up baby!
Every podcast should be required to publish the date of the recording.
Mr. Rule always makes such a clear effort to speak with precision whenever he opens his mouth… super clear thinking fellow
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?
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
This guy is the real deal. No bad talk about digital assets. Very honest. Great guest.
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.
Top guest. Brilliant and balanced mind
This guy is super interesting and a great interview
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
Rick Rule rules 👏
Anyone? Where is the best place to buy copper futures or copper mining futures? Tradestation wants a ridiculous margin to hold any metals.
Need time stamp
Rick has got a serious star fleet vibe going on today
The A Game David Lin showed up for Rick Rule. Kudos!
The Three Ricks: Rule, Ross and Rubin
Rick is simply exceptional
Jesus these answers by Rick are mind blowing brilliant man!
I could listen to him all day
I always make time when I can listen to Rick Rule
Dudes a legend
Excellent guest. What a great guy.