#027 Rick Rule: The Damage Will Be Severe But Survivable

Investor and speculator Rick Rule, president and CEO of Rule Investment Media and board member of startup bank Battle Financial, joins Julia La Roche for a wide-ranging discussion on natural resources.  Rule, who has more than 49 years of investing experience, looks at the macro picture from the lens of a credit analyst. He’s long-term optimistic but short-term pessimistic, thanks mainly to the excesses of artificially low interest rates, artificially induced liquidity, and systematic overregulation. Rule expects there will be 3 or 4 “very hard years not too far in the future,” and it will be “severe but survivable.” He added that he’s investing aggressively.  During the conversation, Rule shared his view on energy, the diesel shortage in the U.S., and his thesis on investing in uranium. He detailed some of the fictional narratives about energy, including why the narrative that we’re going to replace fossil fuels is a joke. Elsewhere, Rule outlined why one should invest in gold, which he characterizes as an insurance policy. He also shared why he's speculating on silver.  0:00 Intro  0:31 ‘Failing’ retirement  2:46 Macro view as a credit analyst  5:00 A reckoning from rising rates 6:25 War on savers 8:58 Young people are becoming aware at a great rate  10:15 Long-term demographic trends 13:03 Idiocy of energy policies  15:27 People are waking up to the need for fossil fuels today 17:30 Diesel fuel shortages in the U.S.  21:31 It’s a joke that we’re going to replace fossil fuels 24:44 Investment thesis for uranium  28:15 Triumph of reality over narrative 32:55 Ways to invest in uranium 34:30 Biggest risks of investing in uranium 34:45 Outlook on gold 40:00 Gold as a life insurance policy  41:45 Why buy a 10-Year Treasury?  43:30 Will the Fed stop inflation? 44:45 Will long-term optimism end? 48:30 Social Security  49:45 How to invest in gold 52:30 Thoughts on silver 56:00 Where to find more from Rick Rule