Why I m Using More Cash, as My Worst Nightmare Closes In Warns Rick Rule

The enemies of the U. S. dollar are not Saudi Arabia. They arent China. They arent Russia, says Rick Rule, founder and CEO of Rule Investment Media. The worst enemy of the U. S. dollar, rather than being external, its from within. He argues that the U. S. is facing more than 130 trillion of debt and Congress has promised to service with a budget thats in deficit 2 trillion a year. You dont dig yourself out of a hole by digging deeper. . which is precisely what we were doing, Rick says. However, he is still impressed by the resilience of the U. S. economy and advises young people to follow their passion if they want to succeed. In regards to latest rollouts of central bank digital currencies, Rick says its the worst possible nightmare because the digital currency program will allow governments to monitor people and control their money. I am using more and more cash, Rick says. He concludes that the deficits, debt issues, and negative real interest rates will tempt folks to explore the p