Rick Rule reported that Enthusiastic on Energy:

Rick Rule says, “We face the same conundrum in the United States”—and the same dismal prospects. “We have lived beyond our means for many, many years. People who don’t produce as much utility as they take out by way of wages and salaries need to adjust their living standards. We have made promises that we cannot keep with regard to Medicare, Medicaid and Social Security. It’s as simple as that. Those who loaned money to various entities, individuals, corporations, governments are going to be stiffed either via a default or by inflation.”

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