‘If You’re Dumb and Trusting, You Will Be Separated From Your Money’: Rick Rule’s Advice for 2023

"I'm pleasantly surprised by the resilience of the U.S. economy, and I'm bullish on the broader economy and equities," says Rick Rule, founder and CEO of Rule Investment Media. "Increasing interest rates are very bad for the long bond market, and I remain very cautious in the face of higher interest rates," he warns Daniela Cambone in this edition of Powershift: Outlook 2023. "My fear is that the structure of the U.S. economy is too dependent on artificially low interest rates and liquidity," Rule continues. "The U.S. dollar is the most liquid and transparent market in the world, and I think the U.S. government is doing it's very best to blindly wreck and weaponize it," he asserts. "There's a political conundrum we have to face five years from now, with the chronic underfunding of pension funds almost guaranteeing poverty," says Rule . He believes that, "the very volatility in bitcoin that attracted speculators and promoters, reduced its utility as a medium of exchange and as a store of value." Rule concludes, "You need to be your own regulator. When you believe the big regulators have your backs, that's the beginning of the end of your fortunes."

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00:00 Where do we go from here given current inflation levels?
4:13 Equity market will be bullish and short-lived
6:37 Rick Rule’s inflation predictions
8:00 Was 2022 an anomaly?
12:06 Will the U.S. dollar remain the strongest market?
16:23 The Fed’s move and the interest rates
18:19 The rise of the BRICS and whether it’s a concern
24:46 The performance between gold and bitcoin
26:16 Rick Rule’s take on the FTX disaster
31:58 How important right now is it to have cash?
35:31 Reflections of 2022