The Julia La Roche Show

#246 Jim Rickards on MAGANOMICS: Tariffs Are America's Comeback Plan, Gold Party Just Getting Started, And The Time Bomb Nobody Sees Coming


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Jim Rickards returns to The Julia La Roche Show to discuss "MAGAnomics" - the multi-faceted economic strategy of the Trump administration. Rickards explains the three-legged stool of Trump's economic policy: Bessent's 3-3-3 Plan, Navarro's tariff strategy, and Miran's "Mar-a-Lago Accord." He warns of a potential "time bomb" in the financial system if Treasury Bills are swapped for 100-year bonds, discusses why central banks are racing to buy gold, and explains why the current gold rally is "just getting started." Rickards also shares his market outlook, predicting continued market decline and potential recession before long-term economic gains can be realized.


This episode is sponsored by Monetary Metals. Visit monetary-metals.com/julia


More about Rickards: 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: https://www.amazon.com/MoneyGPT-AI-Threat-Global-Economy/dp/0593718631http://www.jamesrickardsproject.com/ https://x.com/realjimrickards


0:00 - Intro and welcome Jim Rickards

1:04 - Big picture

3:01 - Tariff strategies and market impact

4:49 - Auto industry specifics and tariff implications

6:50 - Discussion on economic principles and strategies

11:05 - Geopolitical impacts of oil pricing

13:17 - How tariffs work in practice

15:27 - Benefits of tariffs and job creation in the US

16:50 - Economic agreements and strategies

27:11 - Treasury strategies and fiscal policies

30:07 - Federal land resources and economic opportunities

31:27 - U.S. financial stability and government strategies

33:26 - Dynamics of U.S. Treasury securities

35:34 - Importance of Treasury bills in global finance

38:32 - Necessity of short-term Treasury bills

39:58 - Discussion on U.S. dollar and trade policies

42:37 - Globalization and economic policies

44:02 - Assessment of current economic moves

45:25 - Gold market dynamics and central bank activities

48:49 - Geopolitical strategy using economic tools

51:13 - Global gold demand and production

53:45 - Market psychology and gold pricing

54:15 - Future prospects of gold market

55:10 - Economic forecasts and stock market trends

58:05 - Interest rate policies and economic implications

59:38 - Final thoughts and where to find Jim Rickards' work

...more
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