Rick Rule Believes The Financial System Is A Con Game - But Collapse Not Imminent

[The following post is by TDV Editor-In-Chief, Jeff Berwick]

Rick Rule is one of the most respected people in the financial markets and for good reason.  Starting in his youth as a bouncer at a Vancouver nightclub (hear more of that story in my past interview with him here) he has since become a billionaire after forty years of being in the mining/commodity and financial markets.

Aside from proof of his market prowess in his net worth he is one of the most cogent, rational, logical and interesting public speakers on the markets and an anarcho-capitalist to boot.  He now manages all global operations, outside of Kanada, for Sprott Asset Management.

As part of our new TDV Interviews series I had the pleasure to pick his brain recently on the state of the global markets.  If you’ve never heard him speak and have an interest in witty/smart opinions on the markets he is a must see/listen.  He is one of those rare people who rarely speaks for more than a few sentences without saying something smart you haven’t heard before.

That said, we certainly don’t agree on everything.  And we even discussed a few of our key differences in the attached interview.

After I stated that I think quite a few people are waking up to the evils of government and central banking, Rick countered, “I hope you’re right but I’m afraid you are guilty of selection bias”, insinuating that I notice the small pockets of awakening because I am looking for them.  And, he could very well be right.

I countered, “I actually think you have a bit of selection bias as well because you’re quite wealthy, you live in the US and the US economy has been sort of okay… and I think there are a lot more people out there that are quite unhappy with the system than you might realize.”

All was said with a smile and with respect for each other’s views, however, and that’s what makes this a very interesting conversation for those of you out there wondering if The End Of The Monetary System As We Know It (TEOTSMAWKI) is just inevitable, but not imminent, as Rick does.  

Or, if I have this call right.  Only time will tell but I hope this conversation gives you some thought provoking dialogue by which to make your own decision.

Here is the full conversation:

We will have many more interviews like this to come.  If you don’t already subscribe to our free TDV blog, just go to The Dollar Vigilante website and enter your email to receive email notifications or add our website to your RSS feed.  As well, subscribe to our YouTube channel here to get updates.  And, if you enjoy these type of comments and analysis and want more detailed information, subscribe to The Dollar Vigilante newsletter here.

Agree? Disagree?  It doesn’t matter to us, but you can comment here

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