News: Israel Update_ Crisis Investing Opportunity_
Rebel Capitalist News
George Gammon
4.7 • 1.1K Ratings
🗓️ 12 October 2023
⏱️ 18 minutes
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Summary
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Transcript
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| 0:00.0 | Hello fellow rebel capitals hope you're well so I wanted to give you an update on what's happening in Israel and also ask the question is this going to provide a potential opportunity when it comes to crisis investing. |
| 0:15.0 | Most of you know that Jim Rogers is without a doubt my favorite investor of all time |
| 0:19.1 | and he has made a ton of money along with guys like Doug Casey and doing something called crisis investing. |
| 0:26.6 | So we're going to get into what is happening right now with the Israeli stock market, |
| 0:31.1 | what's happening with their currency, what their central bank is doing. |
| 0:34.9 | We're going to look at this from a 30,000 foot level and try to come to some conclusions as to, hey, |
| 0:40.4 | maybe we should watch this closely because although you know obviously from a |
| 0:45.9 | humanitarian standpoint this is a complete disaster and we want this thing to end as |
| 0:50.4 | quickly as possible that goes without saying. |
| 0:52.8 | But the fact of the matter is in this world that we live in with imperfect |
| 0:57.4 | human beings, there's going to be war, there's going to be problems, and sometimes that presents an opportunity where you can buy stocks that are very very cheap and they get beaten down because of this fear that over the long run might not be warranted. |
| 1:15.0 | All right, so let's get into it right now and start by going to |
| 1:19.8 | CNBC and we're going to look at the Central Bank. |
| 1:25.8 | So what has happened is their currency |
| 1:29.7 | as you can over the weekend, |
| 1:30.9 | as you can imagine because of the attacks with I believe the group is called |
| 1:34.8 | hummus their currency tanked their currency was down like two or three percent pretty much within the span of 12 hours maybe even less and so |
| 1:47.9 | Israel looks at this and I'm sure most of their entities just like like entities all around the world, have a lot of what. |
| 1:55.6 | You guys know this from watching my videos. |
| 1:57.8 | They have a lot of dollar denominated debt. |
| 1:59.8 | So Israel looks at this and their currency is tanking against the dollar and they know that |
| 2:05.7 | this is going to cause big, big problems if they allow it to continue. |
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