Rick Rule: $100 Trillion Dollars in Liability; Why This is Far Worse Than Post Vietnam Dollar Crisis

"The U.S. dollar will lose substantial purchasing power in the next 10 years," warns Rick Rule, founder and CEO of Rule Investment Media. During this year's Rule Symposium in Florida, he explained to Daniela Cambone that exploding liabilities, including $100 billion in entitlements such as Medicare, Medicaid, and Social Security, are likely to greatly devalue the U.S. dollar. Rule also emphasized the importance of owning gold to hedge against future uncertainties. “I own gold because I'm afraid it's going to go to $8,000 or $9,000 or $10,000. I really want to be wrong. And you own gold hoping you'll never have to sell it,” he concludes. Watch the powerful video to learn more about his thoughts.

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📖 CHAPTERS:
00:00 US debt
5:20 Breaking point for US debt
6:55 US dollar
9:36 BRICs
13:00 Retail investors’ interest in gold
17:12 Concluding words

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