We’re Already in Recession - Jim Rickards

TRIGGERnometry

Konstantin Kisin & Francis Foster

News, Politics, Society & Culture

4.6 • 2.6K Ratings

🗓️ 6 April 2025

⏱️ 100 minutes

🔗️ Recording | iTunes | RSS

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Summary

Jim Rickards is an American lawyer, investment banker, and author known for his expertise in finance and economics. Get Jim's book "Money GPT" - https://amzn.eu/d/hCW3eE5 Join our exclusive TRIGGERnometry community on Substack! https://triggernometry.substack.com/ OR Support TRIGGERnometry Here: Bitcoin: bc1qm6vvhduc6s3rvy8u76sllmrfpynfv94qw8p8d5 Shop Merch here - https://www.triggerpod.co.uk/shop/ Advertise on TRIGGERnometry: [email protected] Find TRIGGERnometry on Social Media: https://twitter.com/triggerpod https://www.facebook.com/triggerpod/ https://www.instagram.com/triggerpod/ About TRIGGERnometry: Stand-up comedians Konstantin Kisin (@konstantinkisin) and Francis Foster (@francisjfoster) make sense of politics, economics, free speech, AI, drug policy and WW3 with the help of presidential advisors, renowned economists, award-winning journalists, controversial writers, leading scientists and notorious comedians. 00:00 Introduction 09:49 What's Going On With Tariffs? 18:59 Won't Forcing Manufacturer's Back To The US Cause More Inflation? 31:51 Could Antagonising China With Tariffs Push Them To Invade Taiwan? 34:24 Ukraine Debate 48:42 Will the US and Israel Solve The Iran Problem? 59:07 Is The US About To Bounce Back Economically? 01:10:38 How To End The War In Ukraine 01:21:29 Climate Change Policy Effect On Oil Prices 01:31:25 Isn't Debt Going To Keep Increasing? 01:34:59 What's The Thing We're Not Talking About That We Should Be? Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	We probably are in a recession.
0:04.0	So for Lehman, what is going on?
0:07.0	And do you agree with tariffs?
0:09.0	Look, Trump's putting all these tariffs on.
0:11.0	It's the best economic policy you can think of.
0:14.0	It's extremely good for the US.
0:17.0	This is really going to be bad for Vietnam and China and Malaysia. And I say, yeah, that's their
0:22.0	problem. Our job is to make America great again. Why didn't Biden talk to Putin for three years?
0:30.5	They wanted the war. The United States wanted the world. We provoked the war.
0:34.8	Jim Rickers, welcome back. Great to be with you.
0:38.9	Yeah, it's great to have you on the show again.
0:43.3	Interesting economic times, which is usually when we always love having you on the show,
0:47.3	because a lot of people, particularly in this city in New York,
0:50.9	were very excited about the last election, Donald Trump, coming into office,
0:54.2	because they thought he would be great for the economy and great for business.
1:00.3	And that may be true, but a lot of people are also sensing that that might not be true and feeling like we're about to go into a recession, a global recession, perhaps.
1:03.8	What's your read on everything?
1:05.2	We probably are in a recession.
1:07.8	The thing is, you know, the official scorekeeper, this is for the United States, not the world. A world recession is rare, by the way. Usually, you know, one sector, you know,
1:15.7	Europe or the United States or Asia could be in a recession. Others might be doing better,
1:19.7	trying to pull the world economy out a bit. But a global recession, they do happen, but they're
1:23.8	quite rare. But just with reference with regards to the United States, there's this
	...

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