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Stijn Schmitz welcomes Bob Moriarty to the show. Bob Moriarty is Author, Founder 321 Gold, & Former Marine Fighter Pilot. The discussion centers on escalating Middle East conflicts, particularly the Houthi attacks on Saudi Arabia and the broader geopolitical brinkmanship involving Iran, Israel, and the United States. Moriarty argues that current events stem not from grand strategy but from human stupidity, as outlined in classic texts on crowd madness. He contends that the U.S. and Israel are waging a voluntary war that serves only to protect political figures like Benjamin Netanyahu and Donald Trump, with no tangible benefit and enormous risks. Saudi Arabia, he suggests, could unilaterally end the conflict by pursuing peace, but its leadership remains blinded by wealth and hubris. The conversation shifts to energy markets, where Moriarty warns of severe, long-lasting disruptions. The Strait of Hormuz and Red Sea shipping routes are effectively closed, and rebuilding damaged oil infrastructure will take seven to ten years and cost trillions. He predicts oil prices reaching $150 to $200 per barrel, with potential spikes to $400 if attacks on infrastructure escalate. These supply shocks, combined with El Niño weather patterns, will trigger global famines and economic crises. Europe faces a dire winter due to depleted natural gas reserves and self-inflicted energy policy failures. Regarding gold and commodities, Moriarty sees a correction in precious metals as natural but expects a broader commodity supercycle. He believes a gold revaluation is likely, but warns that government confiscation or heavy taxation could accompany it, making mining shares a safer bet than physical metal. Copper, uranium, and food commodities are highlighted as exceptional opportunities. The interview closes with a lighthearted exchange about Moriarty’s Marine Corps service after a mistaken reference to the Air Force and Navy, underscoring the spirited tone of the conversation.
