US is going broke Hemingway-style, slowly and then suddenly - Rick Rule

Paul Buitink talks to legendary natural resource investor Rick Rule of Rule Investment Media.Rick laments Trump's tariffs and equates them to taxes. When it comes to who blinks first, China or US, he expects them to resolve the situation within a few months through some slimy deals at the expense of millions of innocent Americans and Chinese. The effects of the trade war are already visible through lower oil prices and the start of a recession. He refers to the Smoot-Hawley act and how it led to the Great Depression and later World War II.He believes US finances are unsustainable with the 36 trillion dollar on balance debt and the 100 trillion dollar of unfunded liabilities. The US will go broke like Hemingway described, slowly and then suddenly.They also discuss Fed's decision not to lower interest rates and whether QE will come back.As a potential endgame he sees Trump trying to drastically reform social security and other federal programs.He advises the EU to remove their gold from the US. Rick also comments on gold ETFs like GLD, how much higher gold can go and whether silver will follow.More info about Rick's symposium:https://registration.allintheloop.net/register/event/rick-rule-symposium-2025-ccha?via=reinventFollow Rick Rule on X at https://x.com/RealRickRuleFollow Paul Buitink on X at https://x.com/paulbuitinkTimestamps:0:00 Intro1:59 Rick's assessment of tariffs7:05 Noticeable effects of the tariffs9:30 How to protect industries if at all?17:02 Fed's Policy18:55 QE and debt sustainability29:40 What's the end game35:54 Revalue gold38:25 Mar-a-Lago accord40:30 Europeans should repatriate gold41:56 ETF, GLD45:28 Purchasing power decline in the dollar vs gold46:58 What about silver and the gold-silver ratio?52:04 Outro