Top Three Videos – June 13 2023

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Rick Rule to launch new bank, predicts recession as interest rates rise

Rick Rule predicts a recession as interest rates rise.
Rule’s new bank aims to avoid the basic mistakes made by other banks, such as having long-term assets on the balance sheet for yield and funding them with short-term deposits.
Rule plans to launch a new bank called “Battle Bank” and is excited to lend against gold and silver bullion in segregated accounts.
Rick Rule is launching a new bank with the help of Agora publishing company and its editors, who have a large customer base and experience building successful financial institutions through direct interaction with customers via social media.
Artificially low interest rates represent a political war against savers by spenders, who always vote to penalize savers and benefit themselves in a democracy.
Rick Rule predicts a recession as interest rates rise and warns of the dangers of a central bank digital currency combined with artificial intelligence and social scoring, which could give the government more control over individuals’ wealth and behavior.
The period of benign economic climate from 1982 to 2022 allowed for workplace inclusion, lower interest rates, and internationalism, but Rick Rule believes that this period is over.
Despite a potential decrease in demand for commodities in the near term due to a recession, Rule sees a bullish outlook for the commodity complex in the longer term due to increasing urbanization and declining supply.

Key insights

Silver burst through its downturning channel earlier this year, indicating an emergent uptrend.
“Major asset shift into silver and gold.”
Silver and gold may experience a major explosive move if they break through certain price points, with silver needing to surpass $26 and gold needing to touch $2100.
“Major asset shift into silver/gold” predicted by Michael Oliver as history shows that Fed rate cuts don’t necessarily save the stock market.
Michael Oliver suggests a major asset shift into silver and gold as he predicts a rollover in heavily weighted tech stocks like Apple, Amazon, Microsoft, and Nvidia.
If gold breaks out of the 2100 level and silver breaks out of the 26 level, there is potential for a surge in gold prices to the mid-2000s or even higher, with the possibility of another routine eightfold move in gold.
“There’s a bigger thing than markets…things that few people are thinking about and integrating into their analysis of the current market situation.”
The potential shift towards a money unit backed by real money could impact markets in ways that are not currently priced in, making for an interesting and uncertain future.

John Kaiser predicts that gold and silver will continue to rise in value due to the instability of the economy and the potential for a government default.
According to John Kaiser, gold could see a real price increase to $2500-$3000, which would have massive leverage on ounces in the ground and existing mining operations.
According to John Kaiser, finding a missing piece in the junior sector and assessing the odds of it falling into place can lead to rapid three to five hundred percent gains.
Lithium is becoming the new “white gold” with a potential market worth of 100 to 200 billion dollars by 2030, putting it in the league of copper and gold.
Canada has countless pegmatite deposits that could provide half of the world’s lithium, but were previously overlooked due to the small market.
Kaiser believes that the current economic climate, with low interest rates and massive government spending, is setting the stage for a major bull market in gold and silver.

“Gold and silver are not just commodities, they are money, and they are the only form of money that is not somebody else’s liability.”
The conflict between China and the US for domination of the global economy is not a simple autocracy versus democracy showdown, but a complex geopolitical issue.
The debt ceiling is a critical issue that could push the US and global economy into a recession, with unknown consequences if it is allowed to default.
Increased demand for gold will come from the power struggle between the US and China for domination of the global economy, creating a transition of real new demand.