Investing News, Released on 8/1/23 (Recorded on 7/26/23)
The US Federal Reserve’s new FedNow payment system was a key topic of discussion at this year’s Rule Symposium, held in Boca Raton, Florida, from July 24 to 27, and Rick Rule himself weighed in on its implications during an interview. “It’s horrifying for me,” he said. “FedNow is I think a settlement system designed as a foundation for a central bank digital currency, and the idea that my government wants to superimpose a different layer of control on me is something I don’t like.”
0:00 – Intro
0:30 – Rick’s Rule Symposium takeaways
3:39 – Macro vs. micro when investing
7:04 – Does the Fed get too much attention?
8:44 – “Horrifying” implications of FedNow
12:09 – Rick’s advice for investors today
15:14 – Viewer questions on oil/gas, helium
17:27 – Outro
Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His company has built a national reputation on taking advantage of global opportunities in the oil and gas, mining, alternative energy, agriculture, forestry and water industries. He is also the founder of Rule Investment Media.
Rick Rule: FedNow and CBDCs — “Horrifying” Implications and What to Do added by Herman James on
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