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WTFinance

Unsustainable Government Spending Leading to Default? with Rick Rule

Oct 18, 2024
47:37

Interview recorded - 16th of October, 2024

Rick Bootcamp -  http://bootcamp.ruleclassroom.com

On this episode of the WTFinance podcast I had the pleasure of welcoming back Rick Rule. Rick is the Former President & CEO of Sprott U.S. Holdings with decades of experience in the commodities business.

During our conversation we spoke about the outlook for the economy, the unaffordable pension plans, concentration of wealth, Trump tariffs, China's rise, base metals, resource underinvestment and more. I hope you enjoy!

0:00 - Introduction
1:08 - Rick’s outlook on the economy?
2:42 - Low interest rates that major driver?
9:22 - Governments can’t afford pensions
11:42 - What does future look like?
14:08 - Concentration of wealth
18:01 - Trump tariffs
20:10 - Will capital continue to be rewarded?
22:00 - Base metals
24:20 - China opaque credit
25:40 - Resource underinvestment
29:20 - Right return for project
31:00 - US Shale
35:22 - Miners to benefit?
38:10 - Resource M&A
39:55 - Cutting costs
42:00 - One message to takeaway from conversation?

Rick began his career 47 years ago in 1974 in the securities business and has been involved in it ever since. He is known for his expertise in many resource sectors, including agriculture, alternative energy, forestry, oil and gas, mining, and water. In 1990, Rick founded the business now known as Sprott US Holdings” merging in into Sprott Inc. ( SII) in 2011. He retired from Sprott Inc., in 2021, and resigned from the board of directors in 2023, but remains Sprott’s largest shareholder. IMr. Rule is a sought-after speaker at industry conferences, and a frequent contributor to numerous media outlets including CNBC, Fox Business News and BNN. Mr. Rule is actively engaged in private placement markets, through originating and participating in hundreds of debt and equity transactions.

Rick Rule - 

Twitter - https://twitter.com/RealRickRule
LinkedIn - https://www.linkedin.com/in/rick-rule-1058921a/
Website - https://ruleinvestmentmedia.com/
Seminar - https://opptravel.zohobackstage.com/TheRuleSymposiumonNaturalResourceInvesting2024#/?affl=WTFinance

WTFinance -

Instagram - https://www.instagram.com/wtfinancee/
Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfn
iTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4
Twitter - https://twitter.com/AnthonyFatseas

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