'Absolutely' More Bank Failures Coming; Will This Be Worse Than 2008?

'Absolutely' More Bank Failures Coming; Will This Be Worse Than 2008? | Rick Rule

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Күн бұрын

⚡️ If you're already a Notion AI user, you can get started today with Q&A already in your Notion workspace: ntn.so/davidlinqa
Rick Rule, Founder of Rule Media, discusses how this banking crisis will likely unfold, and what's next for the economy and markets.
*This video was recorded on May 1, 2024
Listen on Spotify: open.spotify.com/show/510WZMF...
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For business inquiries, reach me at david@thedavidlinreport.com
*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.
0:00 - Intro
1:30 - Bank failures
16:40 - Commodities cycle
20:55 - Uranium and nuclear power
22:50 - Gold
26:00 - U.S. dollar
26:48 - Canada's new budget
31:45 - Population trends
35:15 - Fed and inflation
39:45 - $9,000 gold
41:46 - Rick's career advice
#economy #investing #bankfailure

Пікірлер: 486

@TheDavidLinReport Ай бұрын

⚡ If you're already a Notion AI user, you can get started today with Q&A already in your Notion workspace: ntn.so/davidlinqa How will this "crisis of confidence" unfold? Tell us how you feel in the comments below and don't forget to subscribe! FOLLOW RICK RULE: Rule Investment Media: ruleinvestmentmedia.com/ Twitter (@RealRickRule): twitter.com/RealRickRule KZfaq: www.youtube.com/@RuleInvestmentMedia

@Lukky_Luke Ай бұрын

Good he points out that Russia spends more it takes in, comapre to Steve Hanke that believes Russian economy is going well...

@wisdoma4860 Ай бұрын

YES BUY THE DIP OF BANKS WEN THEY FAIL, DID THE SAME THING LAST BANK FAILURE LAST YEAR..NO FEAR ...LETS GO..

@jasonmclean2408 Ай бұрын

David Your really creating a legacy brand of great content

@tomtesoro5465 Ай бұрын

‘YOU’re NOT “ your” ignorance is spreading!

@mynameisrufusdude Ай бұрын

@@tomtesoro5465don’t get hung up on speeling

@reecemccullough4829 Ай бұрын

This is a paid advert for battle bank. And you can't even tell haha

@higgpigg4326 Ай бұрын

@@tomtesoro5465uh oh,the grammar police are on duty. Hey fella, do you feel good, smart,better, during and after whatever it is that you just did to someone's spelling or actually lack of a pronunciation symbol. Is it a feeling of superiority when your u can make some meaningless correction? I am trying to understand my fellow human beings,but it's getting more difficult, not mo' betta

@timdobbins8996 Ай бұрын

I never get tired of listening to Rick I always come away a little bit smarter.

@simrans3675 Ай бұрын

What do you get tired of, then? Very curious - please do share! On the edge of the seat there to understand that

@RudolfMaister420 Ай бұрын

@@simrans3675EB Tucker

@kqh123 Ай бұрын

I do

@GreyMan1793 Ай бұрын

71 years old!? This guy looks great for his age.

@bigpicturethinking5620 Ай бұрын

Yeah he does.

@Discovery2024-rn8kn Ай бұрын

Should rename your handle as gayman

@blackdong4footwangnosucky Ай бұрын

Old fart

@zakariaelhimer1325 Ай бұрын

@@Discovery2024-rn8kn Bro chill 😂😂

@Rittlesleo Ай бұрын

Why don't we ever consider cutting military/war budgets rather than cutting old people's budgets? Not to mention all the other absurd things governments waste money on?

@commonsense6967 Ай бұрын

Corruption in Congress and government is rampant!

@fredcrossman5133 Ай бұрын

$4 tril to invade Iraq. $5 tril to invade Afghanistan. $140 bil to corrupt Ukraine? WTF with all of this?

@auntiefiat9769 Ай бұрын

The Military is what backs our currency. Without the Military, much of the world would give us the big middle finger.

@zkal11 Ай бұрын

We just need an old people's lobbying group that can out-bribe...., excuse me, outspend the others. Problem solved!

@codycoldbrewski572 Ай бұрын

Because war is as certain as the sun rising tomorrow, and there were many very wealthy Jews in Nazi Germany that were exterminated.

@ricois3 Ай бұрын

All Rick Rule interviews are great, but this one was amazing. Especially for Canadians

@jasperalberts7647 Ай бұрын

If you have the means to leave Canada asap you’d be braindead not to.

@southamericandeath6045 Ай бұрын

Rick Rules is the best!!

@theinflationsituation8870 Ай бұрын

Battle Bank. Love it!! Rick tells you what he thinks. It's refreshing.

@mountainpadproperties Ай бұрын

Love David's interviews. My favorite was from the other day when that window washer suddenly appeared behind you out of the bottom of the screen and basically climbed this way to the top and David just played along with it. Inly question is - what floor are they on? 😅

@RealLifeFinance Ай бұрын

Haha

@dahlmanfROMhELL Ай бұрын

Rick Rule such legend

@leonie563 Ай бұрын

Got yr savings in that bank have you?

@J.Smith-rc6wh Ай бұрын

always fun to hear from Rick, as entertaining as informative, go battle bank! what a great name

@andreas8185 Ай бұрын

Rick is so well spoken!

@danieldelriodevora9373 Ай бұрын

This was my favorite interview so far!! What a great guy!!

@drhemp73 Ай бұрын

Great interview David!

@markmcguire7261 Ай бұрын

Rick rule is a legend and david is amazing. 2 amazing guys. Carefully listen to rick rule. He is the smartest and best there is.

@jennielam8522 Ай бұрын

Thank you both for this awesome interview, it’s a pleasure to learn from Mr Rick Rule!

@1UchihaItachi Ай бұрын

Salam Mr. David Love and respect from Iraq 😀💯❤🤍✌

@trailguy Ай бұрын

im closer to a wall street guy than a main street guy, but i have to agree that these banks that make risky moves should not be bailed out. of course they are going to take imprudent risks if they are going to get bailed out. it's like going into a casino, buying $1000 worth of chips knowing that you'll be refunded $1000 at the end of the day if you lose. of course they are going to bet recklessly.

@cockyhemi-123 Ай бұрын

They won’t be bailed out. Per the Dodd-Frank Act of 2010, they’ll be bailed in.

@kunghsu1 Ай бұрын

Listen to Rick carefully, the corruption of the system has gone beyond what you said here, it is clear in the rule that only $250k is covered, but if you are politically connected, your jumble will be covered!

@higgpigg4326 Ай бұрын

It's theft by the corrupted, look at folks like Epstein and Weinstein and Rosenberg and the like. These synagogue of Satan alumni have been at this since the dawn of time. Yes, blackmail and extortion is the name of their game. Is it not so very ez to see 👹

@elijahrose7913 Ай бұрын

Propper analogy

@hood6854 Ай бұрын

@@cockyhemi-123That’s not what happened March 2023.

@gwenyuan9552 Ай бұрын

David, what you do is amazing. Can’t get enough of it.

@liammateo287 Ай бұрын

This seems like the worst period. Even the market are now very unpredictable. Started investing recently when the market prices were a bit high,today I am more than 60% down!

@alexandraesther984 Ай бұрын

I agree just reached my goal of $500k monthly trade earnings. Setting realistic goals is an essential part of trading.

@liammateo287 Ай бұрын

Please educate me, i'm willing to make consultations to improve my situation,

@DivineChibueze-od8py Ай бұрын

Yeah, I used the FIRE movement to put my finances in order. Then, I invested in stock, cryptocurrency, and real estate, though the assistance of my discretionary fund manager, dullpher, who helped me make it big...

@liammateo287 Ай бұрын

Please how do I find this financial counselor?

@liammateo287 Ай бұрын

I'd love to know this mentor of yours

@leslieread556 Ай бұрын

What a GREAT interview...thank you David and Rick...

@wayne4768 Ай бұрын

Mining companies are poor citizens. In the Yukon canada there are millions spent trying to clean up the contaminated sites abandoned by irresponsible actors. Cyprus Anvil mine which was subsidized by the government in the 80's has a 500 year cleanup plan. Please explain the economics of that to the Canadian taxpayers

@parapelegicBUD Ай бұрын

Rick is the greatest boomer alive . Thanks David and Rick !

@sime2890 Ай бұрын

Great interview, I love listening to Rick Rule he speaks sense which seems to be lacking in recent times 👍

@daveos4245 Ай бұрын

Giving social benefits to people who have never paid into the system is the reason for its failure.

@torceridaho Ай бұрын

thanks, David. I appreciate Rick Rule, I think he has a noble sense of giving back and he does so with all the interviews he gives.

@eugene1059 Ай бұрын

Time well spent thank you both

@aladdinsane3523 Ай бұрын

Always good to hear from Mr. Rule. Thank you.

@JW-dc8hk Ай бұрын

A guest that is a realist and has a very keen sense of what’s what’s.

@CliftonHicksbanjo Ай бұрын

Finally a normal person on the show.

@_Thoughtful_Aquarius_ Ай бұрын

Right about now would be a great time to upload a song about banks collapsing and the hardships for common folk. 🤔 Any old tunes about when the U.S. confiscated the gold coins?

@CliftonHicksbanjo Ай бұрын

@@_Thoughtful_Aquarius_ There is an old song that goes, "I don't want your greenback dollar..."

@markperl5900 Ай бұрын

As Rick said, you are always so very well prepared for all your interviews. Great work David 👏🏻

@rmr3233 Ай бұрын

Your guest tonight was amazing. He talked me into swapping some crypto for gold. I loved his interview

@medwayhistory3101 Ай бұрын

Rule is a wordsmith; much enjoyed conversation although the implications are terrifying! Thought exercises aside, if the past is prologue the future is now. Good luck everyone!

@jefferyedwards5003 Ай бұрын

Governments around the world ARE actively working to reduce the expenditures to services for seniors by actively eliminating the seniors through the creation and propagation of never before existing viruses that seem to target the aged and those with co-morbidities that use those expenditures!

@darrenmogg3440 Ай бұрын

???

@a.r.gentum6517 Ай бұрын

Rick "rules!"

@mark-204 Ай бұрын

If the politicians over the years would have left the social security accumulate instead of using it for everything what it was not intended for and just throwing in an IOU that some day would make up the difference which was total BS social security would be solvent today.

@LeRalph2016 Ай бұрын

David, increase taxation is not the solution, income tax started at 4% in the US, we are at 40-50% right now. The solution is limit expenditures and have a healthy budget with surplus and not deficit. If I make $100k a year, can I spend $150k every year and not go broke?

@user-ci2mn1oy3w Ай бұрын

banks get to loan out 20x the money that they have on deposit. So they loan at 8%, x 20 is 160 %, pay you 1% on your deposit (at most) so they lose 2% on their "old" loans/bonds, so what? they are NOT hurting, folks.

@ErickaWilliamsCC Ай бұрын

Bingo

@jsjs627 Ай бұрын

There will be a moment after which no country will be willing to sell tangible products or services and get paid in worthless paper money. In 2001 73% of international settlements was done in USD. In 2023 it was 58% and dropping fast. The only asset of the US economy which is the USD will become a catastrophic liability...

@longliverock7985 Ай бұрын

One of the best interviews I’ve seen in a while. Great work by both David and Rick.

@randyromano2854 Ай бұрын

Good interview David; questions were on point.

@joaquincortada1483 Ай бұрын

You can tell Rick really does enjoy what he does

@susanwhite5839 Ай бұрын

He is so wise knowledgeable. Thanks#

@GodsConfidantTV Ай бұрын

Rick and David, thank you!

@kmilton1593 Ай бұрын

Always a joy to see you here, Rick; and you always seem to be 95% correct in your observations! (I am still working full time at age 76, but the Canadian Gov't has NOT been handing me more money, in fact, although a low income earner, the Gov't has drastically clawed back my old age security payments; and i got hit with the worst income taxes in my lifetime). Agree with you on 7% inflation, but parts costs for equipment seems a lot higher than that.

@toddsellars4694 Ай бұрын

The United States alone has over 4,000 different banks and lending institutions. More than all G20 countries combined.

@luismendez3982 Ай бұрын

Can’t figure out which one of your videos is better haha. Keep up the good work!

@4ninefine199 Ай бұрын

"People often ask me... How can I Save a million dollars? First... get a million dollars, then don't spend it. Next thing you know your Saving a million dollars" Steve Martin

@randallkohn6089 Ай бұрын

Step 3 - tell the IRS you forgot to pay taxes. Step 1 revised get a million dollars outside of wages.

@sebastianburnaz6760 Ай бұрын

Excellent! Thank you!

@LuxeonIII Ай бұрын

I’m going to disagree with Ricks comment , too much money given to old folks it’s more than they put in. That may be true for the lower paid workers but it’s not for someone who maxed out their SS every year for 45 years. Add to that the top tax brackets and the additional 7% we business owners pony up on our own SS it’s going to take a long long time to just get back the principal of those SS deductions. I start this month receiving SS and at the same time paying 15% at the maximum cap as I am still working. So I need to live to at least 100 to break even.

@johndover3626 Ай бұрын

Great interview. Thanks!

@philiplandis4841 Ай бұрын

Thanks Rick! Looking forward to the opening of Battle bank.

@user-nj2vv2xm4j Ай бұрын

What an intro, well deserved. Great job, David.

@Gold_Man_69 Ай бұрын

I love your show, David.

@jonathanwoolley2466 Ай бұрын

Another amazing episode. Keep grinding them out, you’re an inspiration!

@erikolsen3017 Ай бұрын

Excellent discussion!

@Lexman00 Ай бұрын

I can't wait for Battle Bank. I wish Rick and his team the best.

@ThinkkBig_ Ай бұрын

Need time stamp

@user-ci2mn1oy3w Ай бұрын

there's NO shortage of silver. We USED to burn thousands of tons of it per year in photography, but that has not been true for 20+ years. The stuff is very bulky for its value, so it's hard to carry around and conceal. It also corrodes/gets milk spots. I've got a few rolls of silver quarters for barter, a few ozs of 1/10th oz gold coins, a $50, very sensitive scale for weighing shavings off of the edges of gold coins, or chunks cut from silver coins with a chisel. The rest is one oz coins NOT from the US, cause US coins screw you out of another $40 per coin, vs Maple leafs, Britannicas, or Krugerrands. I would not touch silver eagles with a 10 ft pole. YOu're going to lose at least 20% on each one. To hell with THAT noise!

@Mr_Hundredaire Ай бұрын

Film based radiography also used silver. Very few industries use film anymore...they went to computed or digital radiography

@jasperalberts7647 Ай бұрын

I assume you own a cash flowing business, rental properties, dividend portfolio etc. since PMs appear to be a very small % of your NW?

@ALF-wh6in Ай бұрын

We are all getting serviced Rick just without LUBE

@skvirk2669 Ай бұрын

Never get tired of listening to Nick.

@thebitcoinengineer224 Ай бұрын

Rick is the best

@tesslieb4040 Ай бұрын

Loved this interview … 🙏

@TwitchRadio Ай бұрын

Can't wait to see battle bank.. thanks for everyone's time..

@DjmMik Ай бұрын

Great guest. Great interview David!

@chrislastnam6822 Ай бұрын

I don't think people put less money into social security than they get back if you consider how much that money would be in old age if it was put in Vanguard index funds. Medicare costs could be lowered by 2/3 without any increase in mortality or illness.

@Biscuits3000 Ай бұрын

Brilliant interview

@MrGazzy Ай бұрын

Rick Rule is a G

@seph4667 Ай бұрын

Lin+Rule=Competence

@Dog_gone_it Ай бұрын

David Lin, you're the Larry King of our times. Keep up the good work, sir. 👍

@user-bq3cd7ss5u Ай бұрын

🇺🇸We had two banks here locally close this year alone with three major manufacturing companies in our area. Major layoffs of seasoned employees.😫

@tentimestwenty Ай бұрын

Rick has got a serious star fleet vibe going on today

@mountainpatriot7673 Ай бұрын

Thanks for having Rick Rule on. He has sound financial principles. Many are sounding the alarms and we see financial troubles everywhere! Printing your way out of debt is impossible. The economy died in 2008. We have been on life support since then.

@HungLikeAPeanut Ай бұрын

Anyone? Where is the best place to buy copper futures or copper mining futures? Tradestation wants a ridiculous margin to hold any metals.

@bellavistadanes3881 Ай бұрын

What a great interview! thank you :)

@Kukaboora Ай бұрын

Every podcast should be required to publish the date of the recording.

@rocketj7449 Ай бұрын

Just because 2008 happened doesn't mean it will happen again. The people running the show get more and more clever about preventing major economic disaster.

@DrEnalg Ай бұрын

Mr. Rule always makes such a clear effort to speak with precision whenever he opens his mouth… super clear thinking fellow

@DoughnutswithSprinkles-wq4vo Ай бұрын

Great interview.

@cabragooncabulous4082 Ай бұрын

David! Rick Rule is always a great interview. Literally an asset for a financial mind, feeding it with common sense as nutrition. But why is it when he speaks on a subject, I feel like he’s making fun of me? But I end listening feeling wiser?

@courtneyallen7760 Ай бұрын

Finally, the Rule is back

@_Thoughtful_Aquarius_ Ай бұрын

Rich Rule Rules!

@ocox8659 Ай бұрын

Rick Rule rules 👏

@levratalex4929 Ай бұрын

Great content

@joechan8549 Ай бұрын

rick is good, real knowledgeable

@Elsa-qy9hr Ай бұрын

Regardless of this channel (seemingly) being geared primarily torwards gold,silver & crypto, I have to say, I greatly admire David's strides in excellence. For ex: when he asks the listeners for questions prior to the guest arrival, that's not only intelligent, it's another way he is always moving toward supreme. 👏 Bravo

@LongBoy.0 Ай бұрын

This guy is super interesting and a great interview

@BrittScholler Ай бұрын

Historically speaking Bitcoin doesnt do much immediately after the halving - but it does do impressive spikes and tops out around 18 or so months afterwards. No one can time the market, but I'd say it's worth considering entering a position at current prices and if further dips occur, just add to your position. Over the long run, there is a higher probability to the upside than the downside, .It's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 2.4Bitcoin to a decent 18Bitcoin in the space of a few months... I'm especially grateful to Francine Duguay, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

@travisb442 Ай бұрын

Thanks for keeping it light and real at the same time. Much needed for us traders in times like these!

@JonathanSumaray Ай бұрын

The internet is filled with so many useful information about Francine Duguay crypto….

@flushrock Ай бұрын

This is why it is advisable to connect with a true market strategist in order to avoid missing such opportunity and maintain steady gains.

@JorgeGetas Ай бұрын

She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.

@ptitridon Ай бұрын

It really helped trading with Francine Duguay analysis and info, even with the market in a downward trend. Definitely riding the market wave is a good perspective..

@jimmydean4509 Ай бұрын

Top guest. Brilliant and balanced mind

@Darkskindiplo Ай бұрын

This guy is the real deal. No bad talk about digital assets. Very honest. Great guest.

@davidcollins8150 Ай бұрын

Rick’s comment regarding taxes - he does not look at it from a lense of % of personal wealth paid in taxes - the poor will ALWAYS pay a higher percentage of their personal wealth in taxes. In terms of volume of taxes the poor will pay less because they are POOR and they are caught in the vicious cycle of paying a higher percentage of their wealth in taxes

@blakeeyster3034 Ай бұрын

Rick Rule the OG

@Rittlesleo Ай бұрын

Thanks!

@jasondekker4862 Ай бұрын

David, you are doing great work.

@TedAlexandro Ай бұрын

The Three Ricks: Rule, Ross and Rubin

@johnm5695 Ай бұрын

DL keep it up baby!

@DaraMurphy-sf4uq Ай бұрын

I greatly appreciate just how much time Rick gives and wisdom he passes on. I think Rick is a great role model and example for any investor - or any individual really - because he quickly dispels the nonsense that you can get very lucky and get rich quickly. I’ve listened to one particular interview a number of times, My Life in Four Trades with Rick Rule. When I compare Rick to the career politicians and business leaders in my life, it’s genuinely sad. Over time, I’ve learned a lot from listening to Rick. Always measured and has a great facility with the language. Unquestionably one of the more honest and humble experts that I have seen too. But one of the things I have come to appreciate most about Rick is that he has a deep understanding of the value of community, something which is being badly eroded in the western world in my eyes.