Liberty and Finance, Released on 11/10/24 (Recorded on 11/5/24)

Legendary investor Rick Rule provides a stark outlook on the financial system, warning of the dangers posed by government debt, inflation, and the unsustainable promises made by social programs like Social Security. He explains how institutions such as banks are facing severe financial strain due to mismatches in their portfolios—long-dated fixed-rate obligations funded by short-term deposits—exposing them to the risks of rising interest rates. Rule also highlights the precarious future facing retirees, especially those relying on Social Security, as inflation erodes the value of nominal benefits. With the U.S. government’s rising debt and unfunded liabilities, he cautions that the real value of future benefits will diminish, leaving many retirees unprepared. Ultimately, he stresses the importance of individuals taking control of their financial futures, acknowledging the challenges while emphasizing resilience and proactive planning.

0:00 Intro
2:03 Government mismanagement
17:07 Currency devaluation
24:40 Election & US dollar
34:35 Metals vs miners
40:00 Banking system
48:00 Battle Bank
53:30 Rule Investment Media
1:00:03 Weekly special

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.

  banking system, election, investing