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    The ‘Biggest Black Swan’ That ‘Scares’ Rick Rule



    The ‘Biggest Black Swan’ That ‘Scares’ Rick Rule

    Rick Rule, Rick Rule, Founder of Rule Media, and co-founder of Battle Bank, answers viewer questions, including whether or not the economy is heading into a “global depression”, outlook for commodities, and how he picks mining stocks.

    Watch Rick’s last interview with me: https://youtu.be/RgC1qjBeNc8?si=Nh6DUtfQQTaMqr-R

    Learn more about American Pacific Mining (CSE: USGD | OTCQX: USGDF): https://americanpacificmining.com/

    *This video was recorded on August 15, 2024

    Subscribe to my free newsletter: https://davidlinreport.substack.com/
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    Listen on Apple Podcasts: https://podcasters.spotify.com/pod/show/the-david-lin-report

    FOLLOW RICK RULE:
    Rule Investment Media: https://ruleinvestmentmedia.com/
    Upcoming bootcamp: https://events.ringcentral.com/events/rick-rule-s-virtual-private-placement-bootcamp?utm_source=aff&utm_campaign=17
    Twitter (@RealRickRule): https://twitter.com/RealRickRule
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    FOLLOW DAVID LIN:
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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
    1:00 – Are we in a recession?
    3:30 – Copper
    6:35 – Rising debt
    12:20 – Building prosperity
    15:00 – Inflation
    17:50 – Market sentiment
    21:26 – Liquidity concerns
    24:33 – Mining stocks
    30:15 – Mining M&A
    34:00 – Commodities and AI
    38:00 – Copper deficits
    40:30 – Rick’s stock picking strategy
    44:50 – Rick Rule’s bootcamp

    #economy #investing #stocks

    View 29 Comments

    29 Comments

    9. @laurencedahlmer2739 on

      Google …"Following the bipartisan Social Security financing deal in 1983, Social Security ran a surplus every year until 2021. Starting in 2021, Social Security's total cost exceeded its total income.Jul 24, 2024" …. would be interesting to see the value of the money stolen in terms of gold value … the surplus, invested yearly in gold, instead of in the falling value of US "IOU's". ….ps … Greenspan headed the commission…

    17. @dankwok3 on

      david lin being a professional speaker, should realize and learn that his laugh is horrible…meaning it sounds like he's mocking his guest rather than laughing with them…trust me, just cut out the 'trying to laugh along and be funny' bullshit, it'll improve your overall image…but besides that, good for you on your hardwork!

    18. @brianw3663 on

      Let's not forget that JPM manipulated the gold price for at least a decade and had a meaningless fine in response to this. You think people didn't notice? I can assure you they did

    19. @bobroman765 on

      Zillow and the Housing Market: Personal Finance in Challenging Times

      I. Housing Market Overview
      A. Zillow's July Housing Market Report
      – 80% of sellers doing forced selling
      – Increased inventory and longer selling times
      – 26% of homes received price cuts
      – First neutral market since 2019

      B. Implications of Forced Selling
      – Price declines
      – Market instability
      – Financial losses for sellers
      – Reduced homeowners' equity
      – Economic ripple effects
      – Community impact

      C. Reasons for Forced Selling
      – Financial difficulties (job loss, economic downturns)
      – Foreclosure
      – Life events (divorce, illness, death)
      – Rising costs (property taxes, insurance)
      – Market conditions (high interest rates)
      – Relocation
      – Debt obligations
      – Natural disasters
      – Investment losses

      II. Personal Finance Management
      A. Creating a Realistic Budget
      1. Calculate net income
      2. Track spending
      3. Set realistic goals
      4. Choose a budgeting method (50/30/20 rule, envelope system, zero-based budget)
      5. Make a plan
      6. Track and adjust regularly
      7. Use budgeting tools (apps, spreadsheets)

      B. Sticking to a Budget
      – Write everything down
      – Create a budgeting schedule
      – Set reminders
      – Use cash for discretionary spending
      – Set bite-sized goals
      – Identify and avoid spending triggers
      – Use cashback and savings apps
      – Automate savings
      – Review and adjust regularly
      – Reward yourself for milestones

      C. Preparing for Unexpected Expenses
      1. Build an emergency fund (3-6 months of living expenses)
      2. Create a budget with a buffer
      3. Maintain low debt levels
      4. Ensure adequate insurance coverage
      5. Diversify income sources
      6. Plan for predictable irregular expenses
      7. Use credit wisely
      8. Seek professional advice

      D. The Envelope System
      – Allocate cash for different spending categories
      – Use physical envelopes or digital equivalents
      – Helps control spending and avoid overspending

      E. Getting Out of Debt
      – Create a debt repayment plan
      – Consider debt consolidation
      – Negotiate with creditors
      – Avoid taking on new debt

      F. Investing for Multiple Income Streams
      – Diversify investments
      – Consider dividend-paying stocks
      – Explore real estate investments
      – Look into peer-to-peer lending
      – Build a side business

      Resources and Links
      1. Zillow: zillow.com
      2. Real Estate Mindset YouTube Channel
      3. NerdWallet: nerdwallet.com
      4. Ramsey Solutions: ramseysolutions.com
      5. Prosper: prosper.com
      6. Experian: experian.com
      7. The Balance: thebalancemoney.com
      8. Be The Budget: bethebudget.com
      9. Business Insider: businessinsider.com
      10. Consumer Finance: consumerfinance.gov
      11. Forbes: forbes.com

      YouTube Link:
      Zillo and the Housing Market https://youtu.be/ZEHXHZtMAj8?si=eU5ACr9xlyp8L0_P

    24. @SeanTalkoff on

      The continuously changing economic conditions in our society have made it necessary for people to find additional sources of income, thus I am looking at the stock market to fuel my retirement goal of $3m, my only concern is the recent market crash.

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