ITM Trading, Released on 12/20/24

“A bigger issue that Americans pay no attention to is that most of the government debt isn’t on balance sheet,” says Rick Rule, President and CEO of Rule Investment Media. In our 2025 Outlook Series with Daniela Cambone, he calls the debt ceiling “fraudulent” because it is routinely bypassed through procedural maneuvers. “We’ve never observed a debt ceiling. If we actually were going to have a debt ceiling that they observed, that would be a good thing,” Rule states. He also stresses his concerns over the $100 trillion in unfunded liabilities like entitlements and how the U.S. might address them by devaluing the dollar enough to remove the net present value of these obligations. However, if that happens, he argues, millions of Americans will bear the consequences of diminished purchasing power.

00:00 Donald Trump debt ceiling
5:58 U.S. economy
8:40 People being affected by the loss of
10:11 Flat tax
12:41 Default
14:52 Foreign aid
19:35 Legacy media
20:23 Gold
23:05 Bitcoin/crypto
29:47 Concluding words

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.

  debt, economy, gold, investing, Trump