Jim Rickards: Weakness, Recession in 6-9 Months, But a Very Strong Economy in 2-4 Years

[@TheJuliaLaRocheShow]

Hey everyone! I hope you all enjoy my latest with Jim Rickards. Please join me in the comments section with your feedback. Also, this episode is sponsored by Public.com. public.com/julia ✨ Thank you for your support! 🙏 Paid endorsement for Public Investing, Inc. Not investment advice. All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Treasury accounts offering 6 months T-Bills are offered by Jiko Securities, Inc.,member FINRA & SIPC. Securities in your account are protected up to $500,000. For details: www.sipc.org. Banking services and the Bank Accounts are provided by Jiko Bank, a division of Mid- Central National Bank. For U.S. Investments in T-bills: Not FDIC Insured; No Bank Guarantee; May Lose Value. Treasuries risk disclosures, see jiko.io/docs/treasuries_risk_disclosure.pdf. See public.com/#disclosures-main A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC and includes 10 investment-grade and high-yield bonds. As of [11/08/24], the average, annualized yield to worst (YTW) across all ten bonds is greater than 6%. A bond’s YTW is not “locked in” until the bond is purchased and is not guaranteed; you may receive less than the YTW of the bonds in the Bond Account if you sell any of the bonds before maturity or if the issuer defaults on the bond. While corporate bond yields should fall in reaction to a Federal Reserve rate cut, there is no way to know whether that will be true of the bonds in the Bond Account, how quickly bond yields will respond, or by how much they will decline. Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. All investing involves risk. Public Investing charges a markup on each bond trade. Visit public.com/bond-account to learn more

[@MrManny075]

What Jim ignores is the facts on the ground today, China doesn't need the Dollar, in fact, what is the Dollar? Why would they need it? the Japanese needed the Dollar because they used it to buy oil, but the Chinese today don't need the Dollar to buy their oil, If Trump imposes tariffs the Chinese will say they don't want the dollar anyway, in fact, they are in the prosses of getting rid of what they have, Jim needs to go back to reality the Dollar is nothing but a piece of paper no one can force anyone to use it.

[@Ryan_Luvr]

Props to Jim for his spot on presidential election prediction.

[@truerankings08]

Ask him about nominating a pedophile for AG

[@truerankings08]

Forcing the Japanese to build factories here is one thing, does this fool think that forcing China to build factories here is wise in any way? Granny trump will throw some tariffs against the wall, inflation will rise and he will cower away from it.

[@truerankings08]

Tariffs on Chinese cars that no one here is currently buying, this bald fool knows nothing.

[@Aarrenrhonda3]

Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have my net worth increase by $500k in the last 4 years.

[@Peterl4290]

Let's face it... buying more stocks & index funds during stock market corrections and bear markets is scary. Which makes it really hard to do for most people like me. I have 260k i want to transfer into an s&s isa but its hard to bite the bullet and do it.

[@larrypaul-cw9nk]

I agree with you totally, Yes they can be positively impactful to an individual's portfolio. I started with a trust Financial Adviser named “Annette Christine Conte. She is verifiable, Her approach is transparent, allowing full ownership and control of my port-folio with very reasonable fees relative to my portfolio earnings.

[@sabastinenoah]

Can you please leave your investment adviser's information here?

[@larrypaul-cw9nk]

She covers things like investing, making sure retirement is well funded and looking at ways to have a volatility buffer for investment risk, lots of things like that. You can take a look at her full name on the internet. She is renowned. So it shouldn't be difficult to find her official webpage, just search her full name

[@sabastinenoah]

Just ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.

[@Gastone-y6j]

The US economy is already in recession. Any rate cut will not ignite inflation. The banks will tighten even more, all consumer and corporate credit lending. This is the beginning of a deflationary period for your assets. Stocks markets will decline, and stock values disappear in a blink of the eye. Businesses will begin layoffs in earnest which will soon be reflected in the unemployment rate and unemployment claims, to further solidify the recession. In fact, when the FED cut rates in Sept, it will signify that the Titanic is going under, and it will suck everything down. Retail and housing sales will truly decline as consumer hold off their purchases. The inverted yield curve will then turn positive, but remember, certain assets like stocks and Crypto’s acts as a hedge. Long & short-term trading is generally safer, allowing investors to weather market volatility. I have managed to grow a nest egg of around 130k to a decent 532k in the space of a few months... I'm especially grateful to Milton Harper, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

[@Gastone-y6j]

He mostly interacts on Telegrams, using the user-name,

[@Gastone-y6j]

@MiltonHarper

[@TariqOsman646]

This is why it is advisable to connect with a true market strategist in order to avoid missing such opportunity and maintain steady gains.

[@Sebastian-x1h]

He appears to be well-educated and well-read. I ran a Google search on his name and came across his website; thank you for sharing.

[@Heather53466]

Milton's analyses delve deeper than surface-level trends, encompassing technical, fundamental, and sentiment analysis to offer a comprehensive view of the market.

[@brianponcelet3529]

Jim writes tons of books and tons of predictions. Here is one he did four years ago. Jim also predicts a depression ahead that will have intergenerational effects: “We will not recover 2019 levels of output until 2023, we will not recover 2019 low levels of unemployment until 2025”

[@robhoffman510]

I actually enjoy an actual interview with Jim and she’s doing a great job. So what if you only need to listen once per month. His perspective is well worth adding to an informed perspective.

[@TheJuliaLaRocheShow]

Thank you so much for your kind words. 😊

[@jaydee5447]

Jim is a national treasure

Jim Rickards claiming a strong economy LOL. He was dead wrong and is now changing sides. He just learned economics. Welcome Jim.

[@CalmAsCake]

2 trillion annual deficit spending (war time deficit) is floating the US economy right now (govt spending is 30% of GDP). Jim knows what's up.

[@johnr2273]

Jim is right on the media. Noticed how Colbert is attacking Rfk… not on policy of course.

[@JamesBlazen]

Rickards is always wrong.

[@togoni]

Julia, you can skip Jim next time. Don't waist your time on him 👋

[@michaelmorton1962]

I used to follow Rickards - but he's so up himself, and so inwardly focussed and so divisive when it comes to politics. A person who mumbles when he talks, has to boast about how good his skills are, and how many people he can drop names about that he knows, is someone who is full of sh.t. There are much better and more qualified/respectable people to learn from than him. I stopped watching after he started belittling Biden and his wife - I am not an American and do not vote there, so I am coming at this purely from an independent human perspective.

[@waynehendrix4806]

So you are not in country, so what investment do you have in our culture currently? We belittled the hell out of the disappointment known as Biden, here in USA. He didn't do the right thing 99% of the time. It was tough to watch the failures. That was our "independent human perspective". You might want to watch the spring-back in the USA over the next few years.

[@ptupy]

Can’t recall a single time when this guy’s predictions have been correct. Chances are you will be better off if you listen to him and do the opposite.

[@brianoleson9224]

thats good news to hear because i think the outlook 2025-2027 is much worse then what he says i been preparing since march 2020 for headlines to come splattering in news pappers and online like in 2008 and 1930 and well see but i think after going into 2021,2022,2023 and 2024 ---> 2025 ish ? is the YEAR GIVE OR TAKE if im right we are talking about the 2nd biggest economic meltdown since 1930 in the coming months - 1 year and he talked for a whole hour and didnt mention any hint would he hold it inside him if he thought a FALL was coming in 2025 ?

[@waynehendrix4806]

Wrong guy. That is Cramer. And he still has a job!

[@chazgoat6939]

​@@waynehendrix4806buy the dip Dips!

[@gregweiss9359]

Julia, love your show, been a fan since early on but its time to retire Jim Rickards.

[@spiralizing]

Omg this guy is full of bs

[@waynehendrix4806]

And clearly you are immune from that.

[@Sarah-b7r3g]

While it is absolutely not wrong to say “let the Chinese & Indian come up with their own smart policies” and American government should look after American people first: let there be the reminder that globalization was invented, coined and promoted by Europeans & Americans, and the purpose was never to do charity work so that the poorer nations could benefit. Now that major American and European corporations have made their billions while some Asian countries have caught up to the west in the process of maximizing profits for the global elites, the games are starting to go to the other end of the spectrums, again. Nothing personal, and it really has little to do with anything except for this is how the money system works

[@RobWilliams007]

Inflation is compounding even though it has come down.

[@cheninblanc8208]

Rickards is such a phony......... he takes credit for yesterdays news 🤡

[@Lukky_Luke]

yes just look at old interviews, its always a crash last time was mid 2024... 30-50% down

[@miguelleiva897]

There was no central bank until 1913. But the one playing the role of central banker in the US was JPMORGAN. Every time there was a crash, he ran around trying to bring stability back into the system until he died in 1913.

[@santiagocresci3539]

Great podcast!❤

[@dassa0069]

Japanese cars made in the USA are far inferior to those made in Japan .just ask Scotty Kilmer.

[@Learner5555]

Why?

[@dassa0069]

@@Learner5555 kzbin.info/www/bejne/pma0hnuelMSfrM0

[@dassa0069]

@@Learner5555 kzbin.info/www/bejne/pabdlKF8eteFrdE

[@dialecticalmonist3405]

@@Learner5555 The Japanese live in a culture of high pride in manufacturing and respect for their bosses.

[@gl9139]

💯 agree

[@johnr2273]

Jim usually right on. When I thought Trump could lose Jim calmed my fears. All financial commentators should ask guests how they would invest money today

[@rajibdeka2207]

You need ask questions based on his book. Otherwise it gets similar to previous interviews. 👍👍

[@katkathym8041]

This is the first time I've seen Jim in a question /answer video and would like to see more. Other videos constantly saying the same thing over and over is a waste of time.

[@tommygrubbs2053]

This dude is a broken Clock. He’s living in a different century. Why do people keep giving him a platform?

[@rmartelly1]

He's just a Trumpet.

[@HermanGaskins]

Julia, many of these conservative ideas sound great on the surface, but why do you offer no pushback? More specifically, why did you not correct Mr. Rickards in a previous podcast when he claimed that "Trump supporters" had never done anything "violent?" Your podcast clearly leans politically to one side now..

[@MurrayLake]

Jim, the Chinese car makers don't need the US and they won't build factories here. The tariffs will mean that Americans (and Euros) will pay way more for cars than people can afford. US and Euro manufacturers will lose economies of scale as they will be uncompetitive in the rest of the world. That also applies to farm implements and construction equipment.

[@Wizzcoo9]

Hey Julia, loved your latest video! Your content consistently impresses. I'd like to discuss one thing with you. Let's connect!

[@TheMountainBeyondTheWoods]

Why do people still take this guy serisouly?

[@pauld2913]

Hard to take this guy seriously, because he's always changing his forecasts.

[@TKUA11]

Hard to take him seriously when he says that a trade war is deflationary

[@ActiveTravelWestUSA]

Jim and Martin Armstrong are the masters of the universe! Outstanding!

[@mattg8431]

Well, well, Jim Rickards who's been preaching doom and gloom and collapse of the system is now bullish on US😅😂?? Time to short the market, it's the Trump top

[@Learner5555]

Yeaaa 15000 gold??

[@brianoleson9224]

@mattg8431 yeah thats not good anyone with logic can see that the 2020s is worse then any decade from 1950-2000 leaving key pinpoints like the great depression(1930) and the great recession (2008) its been 17 years since we had a meltdown look at the 2020s and then look at the years 1950-2000 nothing even comes close you wanna wager this coming year is probably gonna be the 2nd biggest meltdown since 1930?

[@johnj1694]

Julia GREAT Show with Jim!!! Another breath of fresh air with a realistic overview of the economic situation with explanation. We have many underlying problems festering that will bubble up in the short term . A key point was when Jim was talking recession 1981/82 I remember it well just out of high school. Also Daniella Di Booth episode was great as well. A must watch.

[@pontificusestario3191]

Julia Something you said had me laughing so hard. The picture of you as a seven year old going into a Starbucks for a $6 coffee! You as a precocious kid is no stretch of imagination.

[@jeffc6745]

Inflation is gonna go through the roof

[@press8404]

this wont work.

[@threemonkeys5441]

He has literally been saying recession in the next six months for three years

[@lancobear3544]

If you've heard one Jim Rickards interview, you've heard them all.

[@Learner5555]

What about atleast 15000 gold ?

[@BRichard312]

Rickards is worth listening to multiple times - that broken record is worth listening to multiple times. Did I say how important it is to understand the replicated message?

[@lawrencemens9492]

Not saying much about Jim

[@TKUA11]

So he actually supports a trade war and tariffs ?

[@gl9139]

He’s a very smart man but the more I listen to him, the more it’s apparent that he’s stuck with the Reagan-era policy to spend, spend, and spend others’ money. I don’t see how changing the Fed chairman will help any. Banking honchos have carelessly flung tax payer money to failed capitalists and speculators for 40 years. I don’t expect the next crook to do any better.

[@mikeholly5585]

Rickards says the 1836-1913 mercantilist economy was better than the last 50 years (of corporatism) in terms of real wages. But he conveniently ignores that real wages increased more from the 1930s to 1960s than during either period, especially the post-war boom with free trade. He should have also admitted that mercantilism led to sweat shops and the Gilded Age. Like Trump, Rickards is clearly working with the oligarchs.

[@Ryan-re3jf]

STOP talking about butter and eggs people. Its laughable. TALK about House prices, car prices, rent, insurance! Taxes! Come on.....

[@jameskelly9243]

It's all the same. If you can't buy butter the rest doesn't matter.

[@austindahn9400]

Jim lost all admiration over the last few years.. he’s been wrong since Covid saying we are going to have Deflation not inflation.. as we went on to 15% plus inflation the next year. He says Bitcoin goes to 0 and Gold to 15k. These economy guys are out dated mindsets in todays world

[@boisechampion]

Julia, why do you keep rewarding people that are always wrong. Jim has had the same playbook for 20 years.

[@BradMorgan247]

I mean, I hear you, but he did know they were going to replace Biden and that Trump would win big. Can’t get em all right…

[@erikbusenbark4865]

Anyone that thinks we aren't OVERDUE for a crash or reset isn't very aware.

[@Zach-ls1if]

And that playbook is doing pretty well. Yes there are bigger returns elsewhere but gold’s lack of risk and great performance is perfect for many people’s needs.

[@Nonconceptuality]

Being early isn't the same as being wrong. It's better to be 2 years early than one day late

[@therealscot2491]

He predicted trump, Brexit ect how was he wrong?

[@Pazzi-y3k]

My Congratulations 🍾🎈🎊 Jim Rickards on your new book ! My compliments for your enthusiastic meticulous objective perspectives on Macro Economics and Political Analysis. I been following you since 2005 ..🙏

[@quixomega]

EU, Canada and Australia are already in recession. So a US recession is almost assured in 4-8 months.

[@haldriver1378]

Thanks Julia! Jim's new book is an excellent read - cover to cover.

[@nthenwhat8912]

If Jim's talking ... I'm listening. Well conducted, valuable conversation, thanks

[@ageless-coach]

You have no choice BUT to listen…. He never stops talking!

[@nthenwhat8912]

@@ageless-coach Haha ... true, but at least he's not garrulous

[@georget8019]

Jim is a realist! Some people below whine about his "changing opinions". Reality changes, and with it, opinions must change accordingly. Yes, we're getting ever closer to the debt & mismanagement abyss and the chickens will come home to roost, but one can't time it to perfection. Julia, tank you for bringing Jim to the show!

[@brianoleson9224]

many realities cant change we still have 10+ horrific issues that cant go away until they pop resident real estate bubble (only the 2nd one of scale in the past 100 years) commercial real estate bubble bond market bubble stock market bubble inflation 17 years without a REAL recession 33+ year olds that have even even seen hard times 2nd biggest bank collapse in u.s history in 2023 2020 first pandemic of scale in the u.s since 1918 BUBBLES ARE NON SUSTAINABLE AFTER A INTEREST RATE HIKING CAMPAIGN AND RECESSION SO IT HAS TO POP SOON 1MONTH- MAYBE 14 MONTHS AT THE MAX MAX NOT 2 , 4, 5, 8 YEARS _+ AWAY

[@jaburch7941]

Julia - please communicate my disappointment with Jim over not narrating Money GPT, it was a major let down after listening to his earlier books, which have the feel of a private lecture. Thanks for the increasingly strong content!

[@Ed_Gein]

Sure across the board tariffs that will cause lay offs will have absolutley nothing to do with it..... will it work out eventually? Hopefully but pulling millions of workers off of their jobs in 4 or 5 sectors WILL cause a recession.

[@Gorka73]

this mullet comb over has been singing the same tune for years now. Just check his old videos same BS :6-9 months crash of a lifetime coming.

[@robertpollack3842]

A-hole

[@KungPowEnterFist]

The problem is that money supply has been growing since October 2023, and we are now higher than we were in January 2023. Everyone in the market sees this, and is front running it. So, that "very strong economy in 2-4 years" is largely already priced into markets. In real terms, that is not going to be a strong economy let alone a very strong economy. Its going to be stagflation.

[@davidcpugh8743]

Got it. Just takes time to crack up the printing press. Stagflation baked in the cake of federal budgets.

[@brianoleson9224]

@@davidcpugh8743 the financial crisis of 2025 is going to derail your opinions if you actually believe 2025 is gonna be a nothing burger year like 2021,2022,2023,2024

[@gl9139]

Money supply growing since Oct ‘23? Where have you been for the last four decades during the Fed injections?

[@KungPowEnterFist]

@@gl9139 Where were you between April 2022 and September 2023 when money supply was decreasing? That is the entire reason we are having this short term lull in inflation right now.

[@gl9139]

⁠​⁠@@KungPowEnterFist That’s nothing in the scheme of injections. If the economy can’t keep up with that little bit of stoppage, this country is already in crisis. Inflationary and deflationary pressures should be driven by the real economy and not the Fed pumping or not pumping money into the capital markets. And here we have the MAGAs angry at everyone except the GOP capitalists fueling with tax savings (which most of them red hat jacksters won’t even benefit) and banking crooks at the Fed forcing socialism on Americans to protect their capitalist downfall. ALL for the benefit of their own pockets. They take taxes from wages. They take it again with sales taxes. They take again to fund failing corporations. Then they try to cut off all health and medical benefits because they’ve overspent on our tax payer money. Jim Prickster is the problem masking as a champion.

[@holdenc3082]

Guys like Rickards were singing the same song for years now. Every interview the timeline for their crash calls gets extended out another 6 to 12 months. One of these years Rickards and the other crash callers will be right.

[@MAVERICK-ti1hm]

Same as a broken clock …. It’s right once / twice a day lol

[@TKUA11]

He’s insane if he thinks trade wars are deflationary

[@billyroberts3907]

Always looking to sell his books. He said there would be no inflation.

[@brianoleson9224]

its been 17 years since the last metldown , aiding another housing bubble with stocks and bonds a historic pandemic not seen in 100 years mountains more debt im MORE BEARISH THEN RICKARDS i think we have between a day and 13months exactly at the most (December 2025) we are finally here at the crash day we been waiting for so...

[@TheDynamicmarket]

Early Years (1789-1860) In the early years of the republic, tariffs served primarily as a source of revenue for the federal government. The Tariff Act of 1789, signed by President George Washington, imposed a 5% tariff on most imports1. This period was characterized by: Moderate tariff rates, averaging around 20% Tariffs providing about 90% of federal revenue Debates between northern states seeking protection for manufacturing and southern states opposing high tariffs4 The Restriction Era (1861-1933) This period saw a significant shift towards protectionism, with tariffs being used to shield domestic industries from foreign competition: The Civil War led to a dramatic increase in tariff rates Average tariff rates rose from 20% to 50% and remained high for decades The Fordney-McCumber Tariff Act of 1922 further raised tariffs The infamous Smoot-Hawley Tariff Act of 1930 pushed tariffs to their highest levels12 The Reciprocity Era (1934-Present) Starting in 1934, U.S. trade policy began to focus on lowering trade barriers: The Reciprocal Trade Agreements Act of 1934 marked a shift towards trade liberalization Average tariff rates declined substantially, eventually leveling off at around 5% The U.S. began promoting worldwide free trade after 1942 Bipartisan consensus on lower tariffs lasted through most of the 20th century [highest growth rates 1870-1970]

[@ivanv.petkov9902]

The GDP of USA is 15% of the world but 58% of the world reserve currency. If the system balance the USA must lose it living standart 3-4 times!

[@paulaballetdancer4432]

Jim Rickards I want to stand up and scream Halleluya!!!!! Thank you for the fantastic explanation!!! ❤

[@waynehendrix4806]

I hope that nobody tells the AI that I save birch bark for the end times. Doh!!!

[@randomme0no]

Love Jim’s analysis

[@bebacklater526]

I remember gas $1....something! And I'm not old enough to get Social Security! If Trump gets us back to $1 something gas the American people will declare him King!

[@brianoleson9224]

i think you have more to worry about the the gas price. did you forget about the pandemic that happened the likeso f something we havent seen since the year 1918 the fireworks arent over yet part of the covid crash has been frozen like a caveman it needs to be thawed and you can look at the fed raising rates making it harder on people to finance the last 1-2 years as the thawing

[@gl9139]

You’ll see $1 gas when the economy tanks. Be careful with what you wish for.

[@audiophileman7047]

Jim Rickards, the man who knows too much and boy do we want to know what he knows. Thank you for this excellent interview. 👍👍👍

[@Tacman556]

How do you bargain with a monopoly (China)? Good luck with the threat of tariffs, but what if they call out bluff?

[@HuiChyr]

I like Jim. I may not agree with everything he says but he does have intelligent analysis to consider.

[@davidcpugh8743]

Government statistics agencies have political masters. There is a temptation to put the thumb on the measures to show what is wanted. Much more willing to rely on other sources if available.

[@ageless-coach]

Jim should write a book with Harry Dent!!!!

[@davidcollins8150]

Trump is a poor example of a human being, much less a world leader. Bring on the crash!!!

[@ScottRuark-q8x]

You are a good example of a human being

[@fascistphilosophy5649]

wtf happened to the message from his earlier books ????

[@dukescolej]

Jim Rickards is a joke, his ego is MASSIVE and all he does is rant about politics sounding like a crazy old man. I wanna hear from non-narcissists who actually talk about the market.

[@twhelostl61]

Who is chasing who. JR has a timewarp view on the "Current" path of markets. I would caution since he mentioned CIA at the end where he pushes another book. Not helpful.

[@glitterhands99]

I've watched Rickards for years, always not sure about him because I am cynical having been burned so many times. I have to say, 25 minutes in I agree. I was offered golf scholarships - were I to compete with a man, no possible way. I accepted an acedemic scholarship, the only reason I could acheive it was my father taught me math, all of it- my father was an amazing man. Our school systems have been jacked for decades. graduated in 93. Need More Rickards. Homeschool/Private for my kids.

[@SalKay-ur5nk]

As a regular guy I will say my advisor at Chase bank private wealth fund told me to brace for a recession in 6-12 months.

[@LAB-001]

That’s a good advisor. Most just tell u to buy their products

[@Slide61]

Jim has been calling for the end for years if not decades. I just don't give him a lot of credibility. Now he has flipped. Rainbows and unicorns ahead.

[@yanivyaffe]

Great interview

[@siripornatsawathanaphaisan789]

I always want to watch Jim Rickards ❤😊

[@jimfranklin3885]

The trick for AI is figuring where it's use is appropriate and beneficial to humanity.

[@alphaomega1351]

If that's what it takes to bring the cost of living back down to reality, bring it on! 😎

[@michaelclark9453]

Is this about economics or politics. So “ heads I win, tails you loose” waste of time

[@jameskelly9243]

His best quess is better then yours. He makes lots of money you cant.

[@julianss3289]

With all due respect to Jim, if you want to see how 'effective' tariffs are just go to Japan and compare their prices of 'protected' items with those of the US. For years, the differential has been 100-300%

[@togoni]

Americans want to work in the factories??😂😂😂 Such a nonsense 🤦🏻‍♂️🤦🏻‍♂️

[@dialecticalmonist3405]

Despite the destruction from globalists. American factories still produce more than most of the rest of the world.

[@Dadsplain]

Excellent!

[@cjswa6473]

Jim is a lawyer..rule #1 never listen to a lawyer

[@haroldcarver1553]

Artificial intelligence (AI) and algorithms differ fundamentally in their complexity and purpose. An algorithm is a set of specific, predefined instructions or rules that a computer follows to complete a task, such as sorting numbers or calculating sums. It’s a straightforward, linear approach where each step leads directly to the next, without adaptation or learning. Artificial intelligence, on the other hand, involves machines or systems that can learn, adapt, and make decisions based on data and experience. While AI relies on algorithms, it goes beyond them by using complex models-like neural networks or machine learning algorithms-to recognize patterns, make predictions, and even "learn" from new information without being explicitly programmed for each scenario. In essence, algorithms are the building blocks, whereas AI represents a broader, more adaptive and sophisticated use of these blocks to simulate human-like intelligence and reasoning...... I believe a refrigerator just has an algorithm programmed into it.

[@10317]

Interesting interview. Maybe I missed it but did Jim mention another concern of the American people which is curtailing the never ending wars?

[@GrantLeeEdwards]

Dude’s been dead wrong for how many years running now? Impressive failure.

[@brianoleson9224]

i was concerned how calm his predictions were now so thats a relief because i think the coming year or so is going to be the worst year in 17 years and he is underplaying it i think headlines are gonna rock the 5 year wait since the covid crash in march 2020 is over

[@GrantLeeEdwards]

@ He’s been predicting a recession for the last few years, so he caused many followers to miss out on a bull market. Economy remains strong. Trump will be coasting on good data in 2025, but he will find ways to derail progress. That might be ok for Wall St & the investor class, or it could lead to a crisis but that will take time. Either way, ordinary people who don’t own stocks are screwed worse than most realize.

[@CalmAsCake]

​@GrantLeeEdwards strong economy? More like a k shaped recovery. Try adjusting your portfolio for actual inflating.

[@superalexandre8450]

He is same thing over and over but never happens. Not that he is wrong but there is no "Market" there is only FED with endless printing

[@brianoleson9224]

that endless printing narrative is whats gonna bite you in the butt .....

[@beverlytheartist425]

Once again FANTASTIC SHOW! Thanks Julia, Jim is my all time favorite guest!

[@TheJuliaLaRocheShow]

Glad you enjoyed it!

[@edpalmieri8647]

What are you talking about!!! Ridiculous assertions!

[@wolfgangsprenger3700]

I'm old. That's why I drive an Oldsmobile and own oldcoins.

[@jg7088]

Lot of fluff

[@Reason-Logic]

Great guest and interview, as usual. Removing the deep-rooted deep-state obstacles in a swamp could prove to be almost impossible.

[@chuckding5590]

Yay Rik. Lover of the felon, sex assaulter, liar. But its good for your stash right.

[@paulaballetdancer4432]

What about the 87000 new irs agents?

[@lxb88b]

6-9 month Recession. That’s laughable. Jobs will be lost, National Debt will increase, housing will plummet, Tariffs won’t save the auto industry. This guy oy vey

[@Asheve]

didnt get your point

[@buiux]

@@Asheve trade war are always inflationary. taxes cut will decrease the government’s income. and trump’s program doesnt fight the huge debt and deficit. 36 trillion in debt and 2trilliom dollars per year to service this debt. rikards is delusional.

[@therealscot2491]

If they bring the auto industry here the industry won't be screwed

[@lattelandlatteland]

@@therealscot2491 the auto industry is already here. It's shrinking, it's not competitive enough. Same think happening to even better run Japanese companies. EVs are killing japan, losing market share in China. EVs are hurting us sales in China too. GM is looking better all the time on EVs, Tesla is hanging in there. Ford needs their new models quicker. GM & Ford need to make much cheaper evs. EVs are taking over the world, now the third world is buying Chinese EVs. - they will completely display us companies. Even if the us has 100% tariffs on Chinese EVs, this won't stop them in the rest of the world.

[@holdenc3082]

The greedy American and European companies were short sighted. They saw over a billion people in China they could sell their cars to. Then they opened factories in China where the long term goal for the Chinese was always to learn how to make their own cars. We exported the know how and technology to China, and now they don’t need us. Shouldn’t have done any business with them at all and they’d still be pulling around rickshaws.

[@davidcpugh8743]

Index funds falacy: when they were small relative to the market, they could rely on the market to give the direction. But now they have grown to the point where they are the market. Now a target by knowledgeable traders. Oops.

[@Mat-hh6hj]

16k gold! he said it

[@guyhommeNYC]

Jim is talking about 1983. There were a series of escalations from March to November that brought us to the brink. Search THE MAN WHO SAVED THE WORLD, and ABLE ARCHER 83. I helped plan Able Archer in Germany.

[@buiux]

i stopped at “tariffs not inflationary”.

[@therealscot2491]

It's a one time hit, afterwards because people have jobs and more production starts prices come down and more products flood the market = deflation.

[@JustinHatfield-pj8rf]

Steve Hanke says that tariffs can't cause real inflation. There is a 100% chance that he's correct, and you are not.

[@buiux]

@ 100%

[@pingli7853]

@@therealscot2491 It's just your good imagination.

[@rmartelly1]

We have a strong military

[@Blast-Radii]

One of your most interesting guests...thanks Julia