Is Iran War Breaking the Global Monetary System? | Jim Rickards & Michelle Makori
About this episode
Michelle Makori interviews James Rickards about the implications of the Iran war on the global monetary system and the potential for a recession and rising gold prices.
Michelle Makori, President & Editor-in-Chief, Miles Franklin Media, interviews James Rickards, New York Times bestselling author and Editor of Strategic Intelligence newsletter. Is the Iran war a turning point or just the beginning of something much bigger? Rickards says the ceasefire doesn’t add up, the narrative of victory is misleading, and the real story is about a growing global monetary crisis already underway. From a potential escalation in the Strait of Hormuz to a global dollar shortage to a recession that may already be locked in – Rickards warns the system was already fragile, and this war could accelerate the breakdown. And what does that mean for gold? Rickards says a move to $10,000 gold by the year-end is still realistic. In this episode of The Real Story with Michelle Makori: - Why the Iran ceasefire may not be real - Conflicting narratives from the U.S. and Iran - Who really controls the Strait of Hormuz - Military escalation risks and U.S. troop buildup - The emerging global dollar liquidity crisis - Why a recession may already be inevitable - Central banks shifting from dollars to gold - Why the monetary system was already breaking - Rickards’ $10,000 gold…
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