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Rick Rule – We’re At Risk Of A Spectacular Collapse Of Confidence


With virtually all markets trading higher today, King World News interviewed one of the wealthiest and most street-smart pros in the business, Rick Rule.  Rule told KWN we are now at risk of, “… a spectacular collapse of confidence, circa 2008.”

Rule, who is now part of Sprott Asset Management, discussed the enormous problems the West faces.  He also spoke about what investors should be doing with their money in this environment, but first, here is what he had to say about the problems the West faces:  “We have a serious issue in the United States.  At the federal level, the shortfall in the US is $85 trillion and that doesn’t include state and local debt.  They are trying to deal with this issue by pumping money into the system.”

 

Read more: KWN

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