Rick Rule - Your Purchasing Power is Inflating Away (Opinion)
Summary
In this exciting episode of SBTV, Patrick takes the reins and hosts one of the most recognizable voices in precious metals, Rick Rule. He breaks down some pivotal concerns, like the erosion in the purchasing power of the US dollar and the surge in inflation. Rule sharply criticizes today's political promises, too, because no administration, whether Trump or otherwise, can escape the fiscal consequences of enormous debt and liabilities handed to it. He breaks down the numbers to show how growing deficits and unfunded entitlements will eventually equate to a dwindling value of savings through inflation, much like in the 1970s. What Rule says most clearly is, if one is living on a pension or fixed income, one may very well expect a lower standard of living, unless accommodation is made to slow the decline.
The conversation then shifts as Rule points out the failures of the official inflation measures, such as the CPI, for excluding essentials like food, fuel, and taxes. He says that inflation, propelled by loose monetary policies, will be 'inertially' sustained and will force people to redo their minds about conventional financial planning. From this pragmatic perspective, Rule encourages viewers to think about creating and preserving wealth through high-quality investments and physical assets such as gold and silver that, for the most part, have preserved their buying power in turbulent times. If anyone is looking for clarity and actionable insights in today's crazy economy, this episode is for them.
Timestamps
00:00 Introduction
01:18 Post-election fiscal outlook
07:02 Debt and future stability
15:32 Inflation's hidden impact
20:44 Stagflation and the declining dollar
34:19 Silver's delayed bull run?
Silver Bullion TV
SBTV features interviews and analysis from experts and commentators in the precious metals industry. The channel aims to educate viewers on gold, silver, platinum, palladium and the economic/investment factors impacting these markets.
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