Rick Rule: “The Only Way to Honor $100 Trillion in Debt Is to Devalue the Dollar”

“The circumstance that we existed in from 1980 to 2020 — while it was very pleasant — is over,” says Rick Rule, legendary investor and founder of Rule Investment Media. Speaking with Daniela Cambone at the Rule Symposium in Boca Raton, Rule warns that the era of low interest rates has ended, and U.S. dollar hegemony is weakening.
“It seems to me that the only way that you honor the nominal value of our obligations… is by devaluing the purchasing power,” he says, pointing to over $100 trillion in entitlements and debt. “You honor the nominal obligation of Social Security to an old geezer like me by continuing to pay him $4,000 a month… but by devaluing the dollar.”
Looking back at history, Rule points out that in the 1970s, the purchasing power of the dollar “declined by 75%,” and that “the gold price ran 30-fold.” He believes the setup is repeating and this time, “we are in a gold and gold equities bull market.” No, we’re not waiting for it. We’re here,” he concludes.
“The Dollar Is Doomed”: Rick Rule Issues Stark Warning
Is America quietly inflating its way out of $100 trillion in liabilities?
At the Rick Rule Symposium in Boca Raton, veteran investor Rick Rule didn’t mince words: the era of U.S. dollar dominance is ending, and gold is already in a confirmed bull market. For Americans over 55 who’ve watched purchasing power erode and Washington spiral deeper into debt, this isn’t just theory—it’s personal.
The core issue? Dollar collapse. And Rule believes the game has already begun.
The End of a 40-Year Fantasy: U.S. Dollar, Demographics, and Debt
According to Rule and other panelists at the symposium:
- The “sweet spot” of 1980-2020—low rates, demographic booms, and dollar dominance—is over
- Entitlement obligations now exceed $100 trillion
- The only politically palatable way out? Inflate the dollar into oblivion
“You honor the obligation to old folks like me not by defaulting, but by devaluing what you pay us.” — Rick Rule
This isn’t speculation. It’s history repeating:
- In the 1970s, the dollar lost 75% of its purchasing power
- Gold responded by rising 30x
Expect a similar trajectory now, Rule says.
A Bull Market in Gold Is Already Underway
Rule didn’t just predict a gold rally—he declared it’s already happening:
- Gold prices are climbing in both nominal and relative terms
- Major producers are generating free cash flow, and equities are catching up
- The market has already moved from bullion to “the best of the best” stocks
“We’re not waiting for the bull market—we’re in it.” — Rick Rule
For seasoned investors, this echoes past bull cycles. First, metal prices move. Then the top miners. Then, the rest of the sector.
Why Tariffs, BRICS, and CBDCs Miss the Point
Rule also dismantled distractions like:
- Tariffs: “They’re just taxes,” and they weaken economic freedom
- BRICS currency hype: A “convertible currency” backed by non-convertible regimes is a fantasy
- CBDCs and control: Rule favors decentralization, not top-down manipulation
As Rule put it, government doesn’t need a master plan to wreck the dollar. They’re simply riding the wave of unsustainable debt and political cowardice.
“I doubt those in government are competent enough to have a master plan.”
Gold & Silver: Your Best Bet Against a Collapsing Dollar
When currencies collapse, trust evaporates. That’s where tangible assets like gold and silver shine:
- Gold vs. dollar: One is being printed into worthlessness, the other mined with effort
- Inflation hedge: Gold has held its value across centuries of crisis
- Wealth preservation: When fiat dies, metals endure
As Rule emphasized, every expert on the panel had a different view of the problem but agreed on the solution: own gold.
Don’t wait for more headlines about de-dollarization, debt ceilings, or inflation spikes. This transition is already underway.
Conclusion: It’s No Longer Inevitable—It’s Imminent
Last year, Rick Rule said dollar decline was “inevitable but not imminent.” Now?
“It has to happen now. It’s happening now.“
Ignore Wall Street’s distractions. The real risk isn’t market volatility. It’s the slow-motion destruction of the dollar itself.
Gold and silver aren’t just smart bets. They’re essential protection.
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