Jim Rickards On What The Israel-Hamas War Could Mean For The Global Economy

Jim Rickards returns to the podcast to discuss what the Israel-Hamas war could mean for the global economy, the impact on oil prices, and the rise of antisemitism on American college campuses.
This episode was recorded on October 19.
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:
www.jamesrickardsproject.com/
/ jamesgrickards
0:00 Welcome back to the show, Jim Rickards
1:20 The big picture, according to Rickards
2:16 Horror of October 7
8:27 Israel’s response in Gaza
10:30 Egypt, Jordan unwilling to take in Palestinians
12:16 Ground invasion and logistics
13:45 A much more brutal, drawn-out and violent result
15:20 What this could mean for investors
21:00 A financial war
26:00 Greatest threat to the dollar
28:00 Ineffectiveness of sanctions
34:00 Antisemitism on college campuses
#JimRickards #economy

[@TheJuliaLaRocheShow]

Hey everyone! I hope you enjoy this episode with Jim Rickards. Let me know what you think in the comments section below. And please be sure to subscribe. 💙Julia

[@jeremiahanderson1159]

Jim is the man as always! Love the questions Julia thanks. Great interview ❤🇺🇸🙏💯

[@bver1149]

❤ ci A stooge❤

[@sftita]

The Hamas attack happened because they LET it happen. Nothing gets past the Israeli military intelligence. Nothing. It's a land grab and ethnic cleansing by Israel. Q: "What will you do if they say you're conquering again?" Netanyahu: "America can be easily moved in the right direction..." Yep, the US public opinion is easily manipulated to hide the atrocies of the Isreali military Palestinian destruction and genocide. On video in a private party. Search: THE ISRAELI-PALESTINIAN OCCUPATION OF THE AMERICAN MIND! [A 2016 DOCUMENTARY]

[@steveborchers2080]

Ok Jim. No mention of the largest open air prison in the world. He must be Jewish. Also no mention of what Israel has been doing to the Palestinians since 1968.

[@abdeon2203]

Jim can talk about Dollar and Gold. But lets be honest he just butchered the whole history of this conflict. This starred way before Oct. 7. And he pretends to not even care about the truth. Just being bias and one sided the whole time. What is he afraid of?

[@EverlyndPerez]

This ongoing Israel-Hamas conflict has about 51% of traders thinking it's a good time to invest in stocks, mutual funds, and other equity-based investments, despite Treasury yields and other safer cash-like investments paying big. I’m thinking of investing $400k into my stock portfolio but unsure about it

[@Theresaa12]

That's up noticeably from 41% in the second quarter again, despite shaky-looking markets in September. My advice is : Read some good books on investing, or just you get yourself a financiaI-advsor that can provide you with entry and exit points on the shares/ETF you focus on.

[@benitabussell5053]

Speaking with a consultant helped me stay afloat in the market and grow my $430K portfolio to about 65% since January, and in just a few months, I was able to earn over $950K in net profit from high dividend yielding stocks, ETFs, and bonds. If you're uncertain about the market, you should speak with an advisor.

[@HarrisRyan-oy8eo]

Pls who is this coach that guides you? I’m in dire need of one

[@benitabussell5053]

I'm guided by *Alicia Estela Cabouli* . An experienced coach with extensive financial market knowledge. While you can consider other options, her strategy has yielded positive results for me. She offers valuable insights, including entry and exit points for the securities I concentrate on.

[@A_francis]

She appears to be well-educated and well-read. She seems proficient considering her résumé. I ran a Google search on her name and came across her website; thank you for sharing.

[@johnbanwell6391]

The Gaza problem did not begin with the recent Hamas attack.

[@bluedogfish2]

Something tells me you won’t mind if trump tries to steal this next election again

[@barnabusdoyle4930]

Very few Americans understand the situation in Gaza. Hamas was chosen by Israel to be the ruling faction in Gaza. Israel supported Hamas with funds for a very long time. Hamas is pretty much the government of a people under occupation by an invading force and sitting in the largest concentration camp in the world. Hamas attacking Israel is no different then the revolutionary movement of occupied territories such as the French Revolution, Ireland’s resistance groups and so on. This is a problem Israel created for itself and should now be forced to deal with it themselves.

[@abdeon2203]

He knows the history and is willfully misleading the people. Lost all respect for this man.

[@pamelam2911]

@@abdeon2203 This is a disappointing historical take from him for sure.

[@chrispolomack9249]

Same. He is for the Zionists. Only talking about one said of the story

[@WhittyPics]

I listen to Jim Rickards every chance I get

[@solarpark]

That's why our world is in the shape it is today.

[@Madame702]

Why he hasn't been right. His predictions have been terrible.

[@luisafijman2022]

Ditto

[@danielhutchinson6604]

Rickards Books do reveal some of the economic implications of what has led the USA to this point. He seems to skip over the exploitation that the Military threats appeared to produce. As the World's Producer Nations seem to be moving behind a BRICS Wall, the ability to produce the flow of profits that supported the lifestyle the US has enjoyed at other Nations cost, the effects of the exploitation diminishing to a point where the USA no longer can afford to support the military threats, seems to have arrived? The end of Empire was not revealed to the Roman Empire by Internet information. The British Empire fading from view was illuminated by Television. The end of Empire always appears to be difficult for the Wealthy to digest. The Poor are already prepared.....

[@BucketlistHomestead70]

I could listen to Jim all day..super smart

[@edcotterjr1926]

Jim Rickards is a gold mine of information not just happy talk. Thanks.

[@Bauserzone007]

And Jim is always front and center on the real behind the scenes

[@NewJocular]

Thanks for doing this one. Love your long form minimum interruption interview style.

[@deevee4994]

It would be interesting to have the view points of Scott Ritter and Jim Rickards side by side and analyze the difference.

[@bretgreen5314]

Thank you for having Jimmy on. He is upfront and doesn't shy away. One of the best.

[@jwinwin9215]

Jim has an amazing phenomenal view and insight into geopolitics/economics he’s a true asset and the fact that he is whiling to share his thought with the public at no cost is beyond generous thank you sir for your thoughts and insight into these topics god bless you and your family please keep sharing your thoughts with us the public as often as you can.

[@mcole5195]

Thank you, Julia, for inviting the amazing best-selling author Jim Rickards. His insights are crucial for understanding the interactions of geopolitical and economic factors that will shape our world in the years to come.

[@jeremiahanderson1159]

Jim is the man as always! Love the questions Julia thanks. Great interview ❤🇺🇸🙏💯

[@marilynnschroeder4436]

Thank you! I’m so tired of shows where the host constantly interrupts the guest.

[@MarieRossi]

Thanks so much for having Jim Rickards on. Great listen!!!

[@playa111ism]

Jim is almost always the smartest guy in any room he walks into, imho. Thank you, Julia for conducting a great interview.

[@giantatlas7393]

Thank you for bringing Jim Rickards to clarify geopolitics and the possible consequences on global economy

[@jse7iragzana613]

Glad to have tuned in, hope to hear more.

[@santiagocresci3539]

Great show. Thank you for bringing JR.

[@tiphainemalnoury154]

Thanks for precious knowledge from James & your chanel 😊

[@dtrout]

I’ve never seen a Jim Rickards interview that wasn’t amazing. Additionally, Jim rarely gets so technical that one cannot easily follow his rationale for the conclusions he makes. An amazing mind.

[@williamtice4183]

Interesting comments on this interview Julia. You gave Jim free reign to discuss alot of issues and apparently he hit a nerve with our great divide. Never considered Jim a controversial figure . Once again, as always, you are delightful and your format works with a wonderful display of ideas and perspectives.

[@audiophileman7047]

Always love when you have Jim Rickards on. He is one of the sharpest macro analysts around. 👍👍👍

[@joeysocks5718]

"In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists, and will persist. -Eisenhower

[@Firehorse39]

Thank you Jim and Julia. Refreshing, substantive and true.

[@lukewarme9121]

Don’t worry, the 83 million voters that voted for Joe Biden say Bidenomics will save the day.

[@dancarlile915]

MAGA

[@paulmendes7997]

Thanks Julia for a great presentation

[@sebastianlebek5789]

Jim is my teacher...I have listening his all interviews and read all his book....just love the Man ....he is the Man

[@theuniquebeast9167]

Jim is so quick and clear thinking. Great stuff.

[@daveforgot127]

Great interview. Thank you.

[@jimrennick7228]

Good stuff. Thanks!

[@shansaeed8645]

Excellent analysis from Jim Rickards.

[@megaxenu753]

love this guy. a real heavy weight.

[@jimmattson8008]

It's very suspicious how that many Hamas fighters could cross into Israel without IDF knowledge of it. This was done in broad daylight so the IDF must have been blindfolded.

[@randywhelchel4674]

Go learn something it’s all been documented as to what happened

[@jimmattson8008]

Documented? More like being investigated and that will take forever. 😉

[@playa111ism]

Thank you to Julia for bringing

[@erikolsen3017]

Letting Jim speak freely is the best move an interviewer can take! Bravo! Jim’s opinions and forecasts, while not always correct, are of immense value and importance to me. I’ve read all his books multiple times. Thank you!

[@stevenbrockman682]

You can say you are thankful one time, and we will get it

[@reggiebishop5398]

Hard to believe humans are capable or sick enough to commit the atrociousities. Unbelievable how cruel

[@georgeo7319]

Right! Look what Zionists have been doing to Palestinians for nearly a century

[@bassmanjr100]

Hamas considers Jews non-human. Watching the Gazan people treat the Jews like animals as the hostages were brought in was eye opening. How anyone can make excuses for them is beyond me, but I guess the funny mustache man from the 30s had a lot of followers as well.

[@randywhelchel4674]

Check out history THIS is the norm what we have lived in the last 60 years is NOT normal

[@GHutube8]

WOW ! OUTSTANDING Presentation !!! WOW ! Enlightning. Been a fan for quite a while......!

[@WaveRunn]

What American Professors used to be like. Way to go JIm

[@mindless-confusion]

Great guest and great interview

[@deanguando1335]

Jim gave a good interview on this one.

[@rickwebb7888]

Thanks Julia - Jim is a great guest!

[@philfox4763]

This guy speaks the facts!

[@barbaradimascio4623]

INFO WE HAVEN'T HEARD ANYWHERE ELSE. EXCELLENT!

[@georgeo7319]

lol this is all the info the western media elevates

[@adamdeane123]

Awesome ,thanks ,im gonna like and subscribe 😊

[@ng1062]

Jim Rickards, I appreciate your fair description of the unhuman events on October 7th. My hope is that the future will bring days of peace, calm, and prosperity. I knew that you are an economic expert, but your knowledge and understanding of Israel's political/military situation is very impressive. Regarding the global economy, the situation has been fragile for many years, and in practice, the problems were not resolved after the Dotcom bubble burst; they simply received temporary relief that postponed the reckoning. In my opinion, Israel and Iran (including Hezbollah and Hamas) are not capable of causing a global crisis. But currently, even a relatively 'small' economic event can trigger a chain reaction leading to a global crisis. Thank you and may God bless all of you. 🙏🙏🙏

[@georgeo7319]

The unhuman events on Palestinians since 1940s created Hamas

[@Madame702]

He not even telling the truth when comes to the Russian ruble. One Russian ruble is now worth less than a American penny.

[@Markbazzle1]

I agree that the risk from Hezbollah and Iran are overstated when it comes to a major confrontation with Israel is concerned, but I’m afraid I give your hope for peace, etc., zero chance of success - experience alone suggests the opposite: an ever-increasing incidence of conflicts of ever-increasing severity until there really IS a war of Biblical proportions originating in this age old dispute. I’m sorry to be such a downer, but any alternative seems ridiculously unlikely.

[@ng1062]

@@Markbazzle1 I am Israeli and living the war right now. I see the Japan and Germany relationship with the rest of the world since 2WW and this gives me hope. "Keep your face always toward the sunshine, and shadows will fall behind you." -Walt Whitman "

[@yourplumbingpal1225]

Fantastic interview, context in the Middle East is really important for those of us who even after study and reading still have plenty to learn. Thank you .

[@dimaalasheq5276]

you better do your own research believe me

[@ericmcginnis7576]

Iranians and Hezbolla are people too. They must be thinking about the consequences. Iran essentially taking their people into this full scale war is unimaginable.

[@sunyclime]

No they are fanatical radical religious zealots

[@robvaneck5410]

What does Jim think that the DXY will do? And the euro? Like, the milkshake theory

[@michaeldonnellan8630]

Excellent interview : Well Done : Try to get Michael Pento on if possible

[@Bauserzone007]

Julia, you have the nicest sounding voice! Very present, easy to listen to you

[@markgartee9313]

Very informative

[@elizabethcomer8795]

Never forget.

[@fugly75]

Great interview, thanks Julia, Rickards has great insights but as I said his forecasts usually do not come to fruition

[@spiritwarrior151]

Always 😘 be hearing Jim's perspective. I love in Nashua Jim, let's do lunch sometime

[@icej9567]

Great economist, very onesided on this issue

[@lenhartka2504]

very good show. Rickards is always fun but scary to watch. good for Halloween. thanks

[@davepearce3255]

Earlier, I love jim records but soon as he started talking about current events

[@quintin4323]

Love you Jim, you’re so well informed on so many things. You have a gap in your knowledge of WW2 . Lots of prices will fall into place when you sort that out. Still , you’re a living legend. Very grateful for your wisdom in my life

[@Florida_Woman]

Great discussion.

[@stony2516]

Awesome interview! Well done. Thank you both so much. ❤

[@lindaanderson3698]

If you could have dinner with anyone.. Jim is my pick.

[@murfy92786]

Why didn't Jim give the context of the illegal occupation? which is why Hamas is resisting and the BBC refuses to call them terrorists. Palestinian centuries-old ancestral land is and has been illegally occupied since 1948. The Israeli government has been oppressing the Palestinians keeping them under inhumane conditions for decades. How was Israel created? Jim give the full picture please and give a balanced opinion.

[@mgtube2020]

Why did you interviwe IDF spokeman to talk macro !!!!!!!!!!

[@sewnsew6770]

Such a smart man

[@investment6503]

Great interaction Julia! Love your contents!!! Could you please bring Jim back again, please??? I think it’d be interesting if you talk with Jim about who will be the super power (in terms of global currency, economy etc) in the next 30 years. Or What would the world be like if the US is not protecting the world anymore? From my perspective, I can’t imagine a world where China or Russia or Iran or any other powerful countries is taking leadership in the world. I think the world would be in a disastrous situation without the US keeping everyone in check. After all, those leaders can’t even communicate to ordinary world citizens in simple English! How can they keep the world safe? Looking forward to this kind of conversation with Jim.

[@rogersyme1368]

Superb!

[@ianelliott8224]

Exellent guest

[@stargazer5073]

Jim where can we move to avoid WWIII ???? URUGUAY?

[@rsb8653]

Jim Rickards predicts the end of the financial system every 5 years. A broken clock is right twice a day

[@karlopeternel7685]

Truth truth

[@2TSB222]

I heard Jim on Steve Bannon Warroom, now I’m listening hear .

[@johnwoodhead5950]

Say what you want about Jim Rickards but there's no doubting he's a smart man

[@soflokhan]

What is the difference between a freedom fighter and terrorist? How would you describe the independence war against England ?

[@Mantaray911]

Or the African National Congress (ANC)

[@billmerana5875]

To any student of global affairs and human history, no matter your age, this venue is a space a laboratory and classroom so as to learn beyond what you bring...life is a puzzle...what pieces of knowledge can you click into place...is the picture now clearer...is your mental map more comprehensive

[@RR-vt3lj]

Great interview; such a novel idea these days to just ask the questions & let the guest answer in more than 2 minute sound bites. Very well done 👍

[@TheJuliaLaRocheShow]

That's my entire philosophy! The guest should be the star of the show, not the host. I have my 90-10 rule, where I try to limit my talking to just 10% of the conversation to maximize the space for the guest to fully articulate their ideas. Thank you so much for watching too 🙏💙 -Julia

[@abdeon2203]

Yess she asks great questions and doesn’t interrupt the guests.

[@E_incognito]

It's very refreshing to see an interviewer that actually lets the interviewee speak. That being said, those plugs in the middle of the cast are super annoying. Just saying.

[@makedredd299]

She’s got to pay her rents man! 🏠 💵

[@Mrcool12684]

And your super annoying as well. I always have to read stupid peoples crap talk. It’s exhausting

[@monetarnie3841]

You're watching everything for free so obviously she has to make the money somehow.

[@abfranklin8492]

Cui bono? Where was the IDF?

[@mcpopgaming6329]

Is Jim a Zion? It all makes sense now. Thanks for the Intel Jim.

[@vijjreddy]

AT LAST MR JIM RICKARDS TIME IS COMING - HE WILL HAVE THE GREATEST SATISFACTION OF FORECASTING THE RECESSION THOUGH IT TOOK MUCH LONGER THAN HE EXPECTED.. ONE CAN SAY EVEN WISHED FOR. ESPECIALLY THE QT TO INFINITE IS COMING... IN FACT NO ONE WOULD EVEN WANT THE POST OF FED CHAIR... THAT GOVT MAY HAVE TO FORCE SOMEONE TO TAKE THE JOB..

[@richlehrer7800]

Tribes, defining themselves by pre-medieval religions, are still at war more than 1,500 years later. So much for evolution. It's as if the Age of Enlightenment never happened. Perhaps the sociologists were on to something with their "cultural lag" concept.

[@chorgzent.3978]

JIMMY SPEAKS TRUTH!

[@johnkassel473]

The venue for this music event was changed 24 hours prior to the attack to a less secure location (allegedly). .. perhaps this raises questions that can't be asked on this show......?

[@patrickruvolo8427]

Jimmy said gold was going to 15k....like 5 years ago. He knows not, but is a good book writer in my opinion.

[@ddprepper5227]

Excellent 👍👍👍👍👍👍👍👍👍👍 report 😊

[@dexinvictus6103]

I don't like Jim but i enjoy your channel. Love that you let people talk. Been binging videos

[@bonegrubber]

What is it you don't like?

[@stephenburnage7687]

I like Jim a lot. He has grown on me.

[@bonegrubber]

@@stephenburnage7687 I discovered Jim one day years ago at a second hand bookstore. I saw the book "The death of money" An absolute fascinating read. I really liked his personal connections to the financial crisis and also his 911 analysis.

[@mikkimikki5376]

Are you kidding? 😮

[@mackakiwinz4353]

He’s way too smart for you 😂

[@Plo890]

A brilliant man Jim is much more intelligent than Elon musk. The difference is common sense not cents!

[@mousebillie]

Good interview but the big grovel on subscribing was off pointing to me , especially in the middle of a interview

[@nein9nein]

24:32 LOL

[@sooofisticated0499]

“any high-tech obstacle has a low tech solution“ Never in the history of warfare has technology alone brought victory. Our recency bias, especially in light of the Persian Gulf war, tends to lead Americans and other westerners to believe that with technology a military can be unbeatable. This has never been the case, and this will never be the case. In the Persian Gulf war for example, the decisive victory of the United States had more to do with extremely poor tactics, strategy, leader ship, and moral of the Iraqi military. Also They had no air defense assets. There were plenty of great soviet air defense systems they could’ve bought but they didn’t need them, because they had spent the previous 10 years fighting Iran in a brutal war. The Spanish couldn’t have beaten the natives like they did, perhaps at all, in the New World if not for smallpox and the fact that the Inca and Aztec empires both had lots of regional rivals that were willing to work with the Spanish to defeat their nemesis. Germany had the most advanced technology in World War II, Japan had the best fighter aircraft platform of World War II, and we saw what happened there. This misconception is so pervasive that even professionals whose business it is to prosecute warfare fall into the trap of believing that a technology advantage is all they need. We see that with Israel, and soon we will see that with United States. With the United States, we have already seen indications that our wonder weapons are overhyped in Ukraine. What matters in warfare more than anything else is leadership. Everything else flows from good leadership. The United States could not win a war against a peer power right now because the leader ship is terrible. And that terrible leadership is a reflection of the broader population That has had it too good for too long is that it stopped caring about how their society has run and who runs it..

[@warningsigns4526]

Eagle Muppet needed for this one

[@abrahamjacob111]

He should reconsider his view the sanctions are not hurting Russia.

[@drbob9121]

Actually Jim the rouble has collapsed to below 1 rouble to a cent ..your data is incorrect .

[@Bauserzone007]

Pleasant *

[@akesha4138]

This current war is a pre-planned event with a schedule. Hezbollah's role is to attack from the north about 1 to 2 months in so it may be soon. The plan is to go long oil and temporarily short stocks the day of the new invasion. ( They will place the orders just prior to the new invasion to make it "seem" like they were only making a calculated bet when they knew well in advance the actual day and starting time.) From there the new invasion will stall so that this war can be prolonged. There cannot be a short war like in the past, that will not suit the defense contractors. It does however suit the US government who wants to put off a larger economic crash always by excess spending and raising the national debt. Expect the national debt to reach 40 trillion faster than you would have thought possible.

[@koopsje]

Pls ask for Jim's sources and share.

[@kestertaylor3557]

his sources are from another universe, it sounds "intelligent" but mostly wrong.

[@knightybee]

Jim had “Iceman” as a student?

[@user-jt7pj5jd8s]

Long crash price in crash support vat

[@ac-uk6hs]

What do you mean 72 hours they gave him three full weeks before they went in

[@user-jt7pj5jd8s]

Price of demand finance use support vat