“The nature of a ‘black swan’ is that it’s an asynchronous event that you don’t see…I needed to make myself…anti-fragile,” said Rick Rule an investor. He says he was prepared for 2008 and for this “everything bubble” bursting in 2020. But he also wants us to look at the real problem: the government’s addiction to power.
Rule says that while what’s happening right now feels very serious, “this too, will pass.” Rule also suggests that if you are in a position to do a little bit more, try to help someone who is struggling right now. We should not be relying on Congress, but each other to get through these tough times. He had some suggestions, and those are to “keep cash. And make some of that cash, gold.”
Rule also touched on the opportunities for those who are looking to protect themselves during this crisis. The first piece of advice he’s offering is to keep large cash balances. Cash will give you the courage and the tools to take advantage of volatilities rather than be taken advantage of. For more advice, watch the entire interview with Future Money Trends’ Daniel Ameduri below:
It’s going to cost you money to hold cash, and Rule touched on the inflation expected as the central banks keep printing money. But some of the cash you keep should be in the form of gold. “The truth is that gold has done its job.”
“It’s not the crisis that makes the gold [prices] go up. It’s the policy response to the crisis. Make no mistake, the government will use this crisis to debase the currency.” The debt bubble has found a pin and hyperinflation is upon us.
Rule is expecting that most people will look at the policy response, which is the bigger problem. You should ” view the coronavirus not as the problem, but rather as the pin that pricked the bubble. The bubble being the credit-driven expansion.”
As Dr. Paul recently said, “the real danger is the government’s overreaction.”
https://www.shtfplan.com/headline-news/dr-ron-paul-on-coronavirus-panic-the-real-danger-is-the-governments-overreaction_03272020
Ameduri asked Rule if we are going to go through a currently reset, and Rule doesn’t believe that will be the case. “A currently reset deprives politicians of their power which is something they fear much more than the virus.” Rule, therefore, predicts stagflation, weak economic conditions, and an unstable currency that is losing purchasing power.
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“20 dollar bills in number 10 cans.”
Thanks mushroom…
This is a marriage made in heaven, with a group called Renew, which employs women in Wheaton, IL who are refugees or similar) and are trying to make a life for themselves. They also learn about not being wards of the state.. FIVE measly bucks per mask, free shipping and follows CDC standards. You can protect yourself, help the medical community by not ordering “regular” masks, help hurting women rebuild their lives, and more Site is https://www.renewproject.org/ Another plus is they are learning to use the private sector and not be dependent on the public purse!
“There will never be socialism in America.”
There will be Trumpism.
Only difference is one is orange and one is red.
“There has been a critical error on your website.”
The lights are on but nobody’s home.
Rick Rule, thanks for the thoughtful article. My extended family tries to accomplish the preparations you suggest.
The Parade of Idiots I call Demonrats, and to a lesser extent the other major party have no respect for the limitations on govt. power guaranteed by the Constitution. The folks that penned the FEDERALIST PAPERS; Alexander Hamilton, John Jay, & James Madison, knew that our ancestors would not agree to an over-bearing boot of govt. on its CITIZENS. The people in power today seem to know nothing about the FOUNDING of this country.
Thanks for quoting the great Libertarian, Ron Paul. That political party is looking better every day.
Then, I guess that this was not a black swan, since everyone saw it coming. I am just mad as hell that everyone is so full of shit!
Keep a large stash of bananas for all of this god damned monkey business in this planet of the apes banana republic!
America does not have a government. America has a kleptocratic cult of corruption of anarchists and antichrists that people keep voting for! We know this for an absolute fact since the constitution is the supreme law of the land and virtually every bill that they pass is a confession of treason and high crimes in direct violation of the constitution!
If there was a black swan in any of this, from my outsiders perspective, it was Saudi Arabia ramping up oil production on March 5th.