'Absolutely' More Bank Failures Coming; Will This Be Worse Than 2008? | Rick Rule

⚡️ If you're already a Notion AI user, you can get started today with Q&A already in your Notion workspace: ntn.so/davidlinqa
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
Listen on Spotify: open.spotify.com/show/510WZMF...
Listen on Apple Podcasts: podcasters.spotify.com/pod/sh...
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Twitter (@RealRickRule): / realrickrule
KZread: / @ruleinvestmentmedia
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For business inquiries, reach me at david@thedavidlinreport.com
*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

  • @TheDavidLinReport
    @TheDavidLinReportАй бұрын

    ⚡ 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

    @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

    @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..

  • @jasonmclean2408
    @jasonmclean2408Ай бұрын

    David Your really creating a legacy brand of great content

  • @tomtesoro5465

    @tomtesoro5465

    Ай бұрын

    ‘YOU’re NOT “ your” ignorance is spreading!

  • @mynameisrufusdude

    @mynameisrufusdude

    Ай бұрын

    @@tomtesoro5465don’t get hung up on speeling

  • @reecemccullough4829

    @reecemccullough4829

    Ай бұрын

    This is a paid advert for battle bank. And you can't even tell haha

  • @higgpigg4326

    @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

  • @timdobbins8996
    @timdobbins8996Ай бұрын

    I never get tired of listening to Rick I always come away a little bit smarter.

  • @simrans3675

    @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

    @RudolfMaister420

    Ай бұрын

    ​@@simrans3675EB Tucker

  • @kqh123

    @kqh123

    Ай бұрын

    I do

  • @Rittlesleo
    @RittlesleoАй бұрын

    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

    @commonsense6967

    Ай бұрын

    Corruption in Congress and government is rampant!

  • @fredcrossman5133

    @fredcrossman5133

    Ай бұрын

    $4 tril to invade Iraq. $5 tril to invade Afghanistan. $140 bil to corrupt Ukraine? WTF with all of this?

  • @auntiefiat9769

    @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

    @zkal11

    Ай бұрын

    We just need an old people's lobbying group that can out-bribe...., excuse me, outspend the others. Problem solved!

  • @codycoldbrewski572

    @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.

  • @ricois3
    @ricois3Ай бұрын

    All Rick Rule interviews are great, but this one was amazing. Especially for Canadians

  • @jasperalberts7647

    @jasperalberts7647

    Ай бұрын

    If you have the means to leave Canada asap you’d be braindead not to.

  • @southamericandeath6045
    @southamericandeath6045Ай бұрын

    Rick Rules is the best!!

  • @GreyMan1793
    @GreyMan1793Ай бұрын

    71 years old!? This guy looks great for his age.

  • @bigpicturethinking5620

    @bigpicturethinking5620

    Ай бұрын

    Yeah he does.

  • @Discovery2024-rn8kn

    @Discovery2024-rn8kn

    Ай бұрын

    Should rename your handle as gayman

  • @blackdong4footwangnosucky

    @blackdong4footwangnosucky

    Ай бұрын

    Old fart

  • @zakariaelhimer1325

    @zakariaelhimer1325

    26 күн бұрын

    ​@@Discovery2024-rn8kn Bro chill 😂😂

  • @theinflationsituation8870
    @theinflationsituation8870Ай бұрын

    Battle Bank. Love it!! Rick tells you what he thinks. It's refreshing.

  • @dahlmanfROMhELL
    @dahlmanfROMhELLАй бұрын

    Rick Rule such legend

  • @leonie563

    @leonie563

    Ай бұрын

    Got yr savings in that bank have you?

  • @mountainpadproperties
    @mountainpadpropertiesАй бұрын

    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

    @RealLifeFinance

    Ай бұрын

    Haha

  • @J.Smith-rc6wh
    @J.Smith-rc6whАй бұрын

    always fun to hear from Rick, as entertaining as informative, go battle bank! what a great name

  • @1UchihaItachi
    @1UchihaItachiАй бұрын

    Salam Mr. David Love and respect from Iraq 😀💯❤🤍✌

  • @andreas8185
    @andreas8185Ай бұрын

    Rick is so well spoken!

  • @danieldelriodevora9373
    @danieldelriodevora9373Ай бұрын

    This was my favorite interview so far!! What a great guy!!

  • @drhemp73
    @drhemp73Ай бұрын

    Great interview David!

  • @jennielam8522
    @jennielam8522Ай бұрын

    Thank you both for this awesome interview, it’s a pleasure to learn from Mr Rick Rule!

  • @trailguy
    @trailguyАй бұрын

    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

    @cockyhemi-123

    Ай бұрын

    They won’t be bailed out. Per the Dodd-Frank Act of 2010, they’ll be bailed in.

  • @kunghsu1

    @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

    @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

    @elijahrose7913

    Ай бұрын

    Propper analogy

  • @hood6854

    @hood6854

    Ай бұрын

    @@cockyhemi-123That’s not what happened March 2023.

  • @daveos4245
    @daveos4245Ай бұрын

    Giving social benefits to people who have never paid into the system is the reason for its failure.

  • @eugene1059
    @eugene1059Ай бұрын

    Time well spent thank you both

  • @gwenyuan9552
    @gwenyuan9552Ай бұрын

    David, what you do is amazing. Can’t get enough of it.

  • @leslieread556
    @leslieread556Ай бұрын

    What a GREAT interview...thank you David and Rick...

  • @torceridaho
    @torceridahoАй бұрын

    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.

  • @parapelegicBUD
    @parapelegicBUDАй бұрын

    Rick is the greatest boomer alive . Thanks David and Rick !

  • @markmcguire7261
    @markmcguire7261Ай бұрын

    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.

  • @markperl5900
    @markperl5900Ай бұрын

    As Rick said, you are always so very well prepared for all your interviews. Great work David 👏🏻

  • @sime2890
    @sime2890Ай бұрын

    Great interview, I love listening to Rick Rule he speaks sense which seems to be lacking in recent times 👍

  • @liammateo287
    @liammateo287Ай бұрын

    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

    @alexandraesther984

    Ай бұрын

    I agree just reached my goal of $500k monthly trade earnings. Setting realistic goals is an essential part of trading.

  • @liammateo287

    @liammateo287

    Ай бұрын

    Please educate me, i'm willing to make consultations to improve my situation,

  • @DivineChibueze-od8py

    @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

    @liammateo287

    Ай бұрын

    Please how do I find this financial counselor?

  • @liammateo287

    @liammateo287

    Ай бұрын

    I'd love to know this mentor of yours

  • @JW-dc8hk
    @JW-dc8hkАй бұрын

    A guest that is a realist and has a very keen sense of what’s what’s.

  • @medwayhistory3101
    @medwayhistory3101Ай бұрын

    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!

  • @aladdinsane3523
    @aladdinsane3523Ай бұрын

    Always good to hear from Mr. Rule. Thank you.

  • @LeRalph2016
    @LeRalph2016Ай бұрын

    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?

  • @rmr3233
    @rmr3233Ай бұрын

    Your guest tonight was amazing. He talked me into swapping some crypto for gold. I loved his interview

  • @a.r.gentum6517
    @a.r.gentum6517Ай бұрын

    Rick "rules!"

  • @jsjs627
    @jsjs627Ай бұрын

    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...

  • @luismendez3982
    @luismendez3982Ай бұрын

    Can’t figure out which one of your videos is better haha. Keep up the good work!

  • @4ninefine199
    @4ninefine199Ай бұрын

    "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

    @randallkohn6089

    Ай бұрын

    Step 3 - tell the IRS you forgot to pay taxes. Step 1 revised get a million dollars outside of wages.

  • @randyromano2854
    @randyromano2854Ай бұрын

    Good interview David; questions were on point.

  • @jefferyedwards5003
    @jefferyedwards5003Ай бұрын

    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

    @darrenmogg3440

    Ай бұрын

    ???

  • @longliverock7985
    @longliverock7985Ай бұрын

    One of the best interviews I’ve seen in a while. Great work by both David and Rick.

  • @GodsConfidantTV
    @GodsConfidantTVАй бұрын

    Rick and David, thank you!

  • @jonathanwoolley2466
    @jonathanwoolley2466Ай бұрын

    Another amazing episode. Keep grinding them out, you’re an inspiration!

  • @CliftonHicksbanjo
    @CliftonHicksbanjoАй бұрын

    Finally a normal person on the show.

  • @_Thoughtful_Aquarius_

    @_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

    @CliftonHicksbanjo

    Ай бұрын

    @@_Thoughtful_Aquarius_ There is an old song that goes, "I don't want your greenback dollar..."

  • @user-nj2vv2xm4j
    @user-nj2vv2xm4jАй бұрын

    What an intro, well deserved. Great job, David.

  • @johndover3626
    @johndover3626Ай бұрын

    Great interview. Thanks!

  • @mark-204
    @mark-204Ай бұрын

    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.

  • @user-ci2mn1oy3w
    @user-ci2mn1oy3wАй бұрын

    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

    @ErickaWilliamsCC

    Ай бұрын

    Bingo

  • @Gold_Man_69
    @Gold_Man_69Ай бұрын

    I love your show, David.

  • @susanwhite5839
    @susanwhite5839Ай бұрын

    He is so wise knowledgeable. Thanks#

  • @sebastianburnaz6760
    @sebastianburnaz6760Ай бұрын

    Excellent! Thank you!

  • @joaquincortada1483
    @joaquincortada1483Ай бұрын

    You can tell Rick really does enjoy what he does

  • @kmilton1593
    @kmilton1593Ай бұрын

    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.

  • @ALF-wh6in
    @ALF-wh6inАй бұрын

    We are all getting serviced Rick just without LUBE

  • @LuxeonIII
    @LuxeonIIIАй бұрын

    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.

  • @erikolsen3017
    @erikolsen3017Ай бұрын

    Excellent discussion!

  • @philiplandis4841
    @philiplandis4841Ай бұрын

    Thanks Rick! Looking forward to the opening of Battle bank.

  • @wayne4768
    @wayne4768Ай бұрын

    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

  • @tesslieb4040
    @tesslieb4040Ай бұрын

    Loved this interview … 🙏

  • @thebitcoinengineer224
    @thebitcoinengineer224Ай бұрын

    Rick is the best

  • @Lexman00
    @Lexman00Ай бұрын

    I can't wait for Battle Bank. I wish Rick and his team the best.

  • @DjmMik
    @DjmMikАй бұрын

    Great guest. Great interview David!

  • @user-ci2mn1oy3w
    @user-ci2mn1oy3wАй бұрын

    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

    @Mr_Hundredaire

    Ай бұрын

    Film based radiography also used silver. Very few industries use film anymore...they went to computed or digital radiography

  • @jasperalberts7647

    @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?

  • @Biscuits3000
    @Biscuits3000Ай бұрын

    Brilliant interview

  • @rocketj7449
    @rocketj7449Ай бұрын

    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.

  • @TwitchRadio
    @TwitchRadioАй бұрын

    Can't wait to see battle bank.. thanks for everyone's time..

  • @jasondekker4862
    @jasondekker4862Ай бұрын

    David, you are doing great work.

  • @bellavistadanes3881
    @bellavistadanes3881Ай бұрын

    What a great interview! thank you :)

  • @skvirk2669
    @skvirk2669Ай бұрын

    Never get tired of listening to Nick.

  • @toddsellars4694
    @toddsellars4694Ай бұрын

    The United States alone has over 4,000 different banks and lending institutions. More than all G20 countries combined.

  • @levratalex4929
    @levratalex4929Ай бұрын

    Great content

  • @DoughnutswithSprinkles-wq4vo
    @DoughnutswithSprinkles-wq4voАй бұрын

    Great interview.

  • @robgrey6183
    @robgrey6183Ай бұрын

    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

    @dtrout

    Ай бұрын

    I just posted a similar comment…. working since I was 10.

  • @randallkohn6089

    @randallkohn6089

    Ай бұрын

    He’s right. Complain to your government I’m sure they’ll care.

  • @Dog_gone_it
    @Dog_gone_itАй бұрын

    David Lin, you're the Larry King of our times. Keep up the good work, sir. 👍

  • @courtneyallen7760
    @courtneyallen7760Ай бұрын

    Finally, the Rule is back

  • @MrGazzy
    @MrGazzyАй бұрын

    Rick Rule is a G

  • @seph4667
    @seph4667Ай бұрын

    Lin+Rule=Competence

  • @_Thoughtful_Aquarius_
    @_Thoughtful_Aquarius_Ай бұрын

    Rich Rule Rules!

  • @joechan8549
    @joechan8549Ай бұрын

    rick is good, real knowledgeable

  • @Rittlesleo
    @RittlesleoАй бұрын

    Thanks!

  • @johnm5695
    @johnm5695Ай бұрын

    DL keep it up baby!

  • @Kukaboora
    @KukabooraАй бұрын

    Every podcast should be required to publish the date of the recording.

  • @DrEnalg
    @DrEnalgАй бұрын

    Mr. Rule always makes such a clear effort to speak with precision whenever he opens his mouth… super clear thinking fellow

  • @cabragooncabulous4082
    @cabragooncabulous4082Ай бұрын

    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?

  • @davidcollins8150
    @davidcollins8150Ай бұрын

    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

  • @Darkskindiplo
    @DarkskindiploАй бұрын

    This guy is the real deal. No bad talk about digital assets. Very honest. Great guest.

  • @chrislastnam6822
    @chrislastnam6822Ай бұрын

    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.

  • @jimmydean4509
    @jimmydean4509Ай бұрын

    Top guest. Brilliant and balanced mind

  • @LongBoy.0
    @LongBoy.0Ай бұрын

    This guy is super interesting and a great interview

  • @Elsa-qy9hr
    @Elsa-qy9hr18 күн бұрын

    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

  • @ocox8659
    @ocox8659Ай бұрын

    Rick Rule rules 👏

  • @HungLikeAPeanut
    @HungLikeAPeanutАй бұрын

    Anyone? Where is the best place to buy copper futures or copper mining futures? Tradestation wants a ridiculous margin to hold any metals.

  • @ThinkkBig_
    @ThinkkBig_Ай бұрын

    Need time stamp

  • @tentimestwenty
    @tentimestwentyАй бұрын

    Rick has got a serious star fleet vibe going on today

  • @RealLifeFinance
    @RealLifeFinanceАй бұрын

    The A Game David Lin showed up for Rick Rule. Kudos!

  • @TedAlexandro
    @TedAlexandroАй бұрын

    The Three Ricks: Rule, Ross and Rubin

  • @user-tn6kv8xx6h
    @user-tn6kv8xx6hАй бұрын

    Rick is simply exceptional

  • @Lightmr23
    @Lightmr23Ай бұрын

    Jesus these answers by Rick are mind blowing brilliant man!

  • @chired6851
    @chired6851Ай бұрын

    I could listen to him all day

  • @takinggl0ry
    @takinggl0ryАй бұрын

    I always make time when I can listen to Rick Rule

  • @_-Wade-_
    @_-Wade-_Ай бұрын

    Dudes a legend

  • @teej5633
    @teej5633Ай бұрын

    Excellent guest. What a great guy.