The Julia La Roche Show

#185 Jim Rickards: We're Probably Already In A Civil War

Jul 20, 2024

Jim Rickards, bestselling author, discusses U.S. political turmoil, Trump's potential victory, Democratic Party dynamics, and the risks of a recession and stock market bubble. He explores AI threats, national security concerns, and the dangers of trade manipulations. Recommended strategies include diversifying investments and preparing for market crashes.

01:02:16

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Episode guests

Jim Rickards

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Quick takeaways

Yield curves signal recession, job losses hint economic downturn, caution advised for weakening economy.

Stock market bubble grows, concentration risk alarming, diversification crucial to avert potential crash.

Allocate to cash, consider energy and defense investments, diversify with gold, strategic asset reallocation essential.

Deep dives

Warnings of a Looming Recession

Yield curves are signaling a possible recession, with many indicating an inverted yield curve. This inversion is typically a precursor to an economic downturn. Additionally, recent employment reports are showing discrepancies, with job losses in some areas while jobs are added in others. These are ominous signs of a weakening economy.

Social Media Presence and Risk Assessment

00:35

Close Aides and Advisors to Jill Biden

00:38

Presidential Succession and the 22nd Amendment

00:37

Relationships Impact Decisions

00:39

Intro

4min

Security Failures and Assassination Attempt Analysis

14min

Potential Political Scenarios and Strategies for the Upcoming Election

28min

Exploring the Myth of Free Trade and Historical Economic Strategies

5min

Analysis of Indicators for a Possible Recession and Stock Market Bubble

6min

Analysis of Current Market Trends and Investment Strategies

3min

The Dangers of AI and National Security Concerns

3min

Jim Rickards returns to the podcast for episode 185 to discuss the macro view and political turmoil in the U.S., including the attempted assassination of former President Trump. This episode was recorded on July 18.

Rickards is a New York Times bestselling author of Currency Wars: The Making of the Next Global Crisis and several other best-sellers, including The New Great Depression, Aftermath, The Road to Ruin, Death of Money, The New Case for Gold, and his newest book Sold Out: How Broken Supply Chains, Surging Inflation, and Political Instability Will Sink the Global Economy.

An investment advisor, lawyer, inventor, and economist, Rickards has held senior positions at Citibank, Long-Term Capital Management, and Caxton Associates. He is also the Editor of Strategic Intelligence, a widely-read financial newsletter.

Links: http://www.jamesrickardsproject.com/

https://twitter.com/JamesGRickards

Timestamps:

00:00 Introduction and overview

05:46 The current political landscape and global events

16:49 Trump's path to victory

22:27 Internal dynamics within the Democratic Party

26:26 Discussions of a virtual roll call for Biden's nomination

31:03 Biden withdrawing and Harris becoming the nominee

35:11 The landmine of Congress certification in 2025

50:47 The path towards a recession

56:34 The stock market bubble and concentration risk

59:33 AI

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The Julia La Roche Show

#185 Jim Rickards: We're Probably Already In A Civil War

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Warnings of a Looming Recession

Stock Market Bubble Warnings

Preparing for Economic Turbulence

Insights on AI and National Security

Book Recommendation on Nuclear War Scenarios

Conclusion and Future Engagement

Social Media Presence and Risk Assessment

Close Aides and Advisors to Jill Biden

Presidential Succession and the 22nd Amendment

Relationships Impact Decisions

Remember Everything You Learn from Podcasts