Putting US Treasury on Trial for Theft and Treason? | Rick Rule

Liberty and Finance Sep 1, 2026 1:00:04

Summary

Rule argues the U.S. dollar could lose 75% of its purchasing power over the next decade, citing persistent inflation understated by official CPI.

Capital gains taxes on gold and silver are illusory, Rule contends — the assets haven't changed, only the floating fiat yardstick they are priced in.

Precious metals bull markets are led by gold; once generalist investors arrive, silver outpaces gold on the upside.

Gold will sell off in any liquidity crisis, Rule warns, but recovers faster than assets that require counterparty trust.

Bankers fail by borrowing short-term and lending long-term — duration mismatch killed the S&Ls, Silicon Valley Bank, and First Republic.

Top takeaway The host frames the entire episode as a mock trial accusing the US Treasury of 'theft and treason,' covering misleading inflation statistics, capital gains tax, unconstitutional currency substitution and weakening of the country's financial strength.
The host argues the public has 'demanded to be lied to' and assigns shared culpability to voters for fiscal outcomes, citing the Pogo cartoon 'we have met the enemy and it is us.'
The host challenges the morality and constitutionality of capital gains taxation on gold and silver, on the grounds that the asset itself has not changed intrinsically — only its dollar denomination.

Top takeaway The guest argues the US is in a 1970s-style fiscal situation and predicts a 75% decline in US dollar purchasing power over the next 10 years, urging savers to prepare themselves now because 'their government will not.'
The guest contends the CPI deliberately understates inflation by excluding food and fuel, omitting taxes (which he puts at 42% of the median household budget), and applying hedonistic adjustments, while gas, food, medical costs and rents have roughly doubled since 2020.
The guest calls post-1913 unbacked money creation 'counterfeiting' that has destroyed 97% of dollar purchasing power, and identifies savers as the victims of that process.
The guest says he buys gold for 'cowardice, not greed' as a purchasing-power preserver and would choose gold over silver, reserving any silver exposure for the speculative sleeve of his portfolio.
The guest warns that in a coming liquidity crisis (such as an AI bubble pop) gold will sell off mechanically as margin clerks liquidate, but argues gold will recover faster than paper assets afterward because social trust declines and non-counterparty media of exchange come back first.