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The US Federal Reserve’s new FedNow payment system was a key topic of discussion at this year’s Rule Symposium, held in Boca Raton, Florida, from July 24 to 27, and Rick Rule himself weighed in on its implications during an interview.
“It’s horrifying for me,” he said. “FedNow is I think a settlement system designed as a foundation for a central bank digital currency, and the idea that my government wants to superimpose a different layer of control on me is something I don’t like.”
Watch Rick’s previous INN interview on gold and uranium: https://youtu.be/fVIbg-vAHv8
This interview was filmed on July 26, 2023.
#Investing #Mining #Gold
0:00 – Intro
0:30 – Rick’s Rule Symposium takeaways
3:39 – Macro vs. micro when investing
7:04 – Does the Fed get too much attention?
8:44 – “Horrifying” implications of FedNow
12:09 – Rick’s advice for investors today
15:14 – Viewer questions on oil/gas, helium
17:27 – Outro
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
