Jim Rickards – Twitter, Released on 5/24/23 Masks were stupid during the pandemic because they don't stop the spread of the virus. Continued use today is basically a crime accessory as the hoodie and mask crowd commit horrendous murders. Leave …
Central Bank of Russia reported a gain of 30 metric tonnes in its gold reserves. That's after a year of flatlining more likely due to non-reporting than non-acquisition. Nice to see Russia back in the game. Another win for Elvira, …
I've studied nuclear war fighting for 53 years. Every expert from Herman Kahn to Albert Wohlstetter says "don't escalate." Biden is escalating without limit. So, it's not complicated. Get ready for a nuclear war. https://t.co/tbKpdZf5C3 — Jim Rickards (@JamesGRickards) December …
Six-time, best-selling financial author James Rickards says the upcoming book “Sold Out” lays out the case why a huge crash is already a certainty sometime in 2023. In a nutshell, broken supply chains have already caused big inflation, and the Fed is …
The global economy is stumbling. And not just for financial reasons like the increasing cost of debt. Supply chains remain compromised. We are still having material challenges in both producing and distributing real physical goods across oceans and continents. This …
I don't know who blew up the Nord Stream pipelines. I do know that when solving a mystery, you look for motives. Russia has none; they can turn off the gas when they want. The U.S. has plenty: Blame Putin, …
BY JAMES RICKARDS Government officials say all the right things about inflation, and how they’re trying to combat it. But secretly, they’re not that upset about inflation. Why? Because inflation makes debt much easier to bear. For a government with …
BY JAMES RICKARDS I began studying complexity theory as a consequence of my involvement with Long Term Capital Management, LTCM, the hedge fund that collapsed in 1998 after derivatives trading strategies went catastrophically wrong. After the collapse and subsequent rescue, …
Get ready for blackouts in Texas this week. Doesn't Texas have a lot of oil and natural gas? Sure. But, what good is it if Biden won't let you drill? Texas is depending on windmills. They better hope the wind …
by James Rickards on The Daily Reckoning: I’ve been addressing the war on cash lately, and for good reason. While everyone’s attention is focused on the war in Ukraine, inflation and the Supreme Court, government plans to eliminate cash are …
For those celebrating the strong employment report Friday, here's a reality check: Average hourly earnings (year-over-year) went up 5.2%. That's a nominal figure. Adjusted for 8.3% inflation, real wages actually went down 3.1%. You won't hear that from the White …
This is a textbook example of how a nuclear war begins. One step at a time.https://t.co/qoyM2mxyra — Jim Rickards (@JamesGRickards) June 1, 2022
by Jim Rickards on Daily Reckoning: The supply chain collapse preceded the war in Ukraine, but the war has only intensified the problems. You can see it with your own eyes when you walk into a supermarket and find long …
NATO applications of Sweden and Finland are part of an escalatory path toward nuclear war. The world owes Turkey a debt of gratitude for stopping the process at least so far. Biden’s impaired cognition amidst warmongers is leading to a …
BY JAMES RICKARDS Inflation is not a guessing game anymore; it’s here. Every time you buy gas at the pump or groceries at the supermarket or book a plane ticket, the price increases are staring you in the face. The problem …
https://www.youtube.com/watch?v=Xiq7JRKwzkY Jim Rickards warns about the coming financial market crash. Jim Rickards is economist, investment banker, speaker, media commentator. He is the author of Currency Wars: The Making of the Next Global Crisis and six other books.
Russia's reserve position hits new all-time high of $640 billion of which $140 billion (22%) is in physical gold bullion held inside Russia. We'll see how Biden's digital sanctions do against Russia's physical gold. Spoiler Alert: You can't hack gold.https://t.co/zktyQTJT6O …
Global supply chains are facing a very chaotic crisis that only seems to get worse. While some bottlenecks ease others are just starting. With each passing day, new shortages emerge around the world due to delivery delays, shipping disruptions, and …
“Expect inflation to come down very quickly,” due to incoming rate hikes expected from the Federal Reserve, says NYT best-selling author Jim Rickards. You could see severe, “tightening into weakness,” with a potential of three rate hikes next year, he …
BY JAMES RICKARDS This is getting ridiculous. And that’s a good thing. By “this,” I mean the price of gold, and by “ridiculous,” I mean repetitive to the point of absurdity. That’s OK. The prospects for gold from here are highly …
BY JAMES RICKARDS Is the move toward central bank digital currencies real? And, if so, is it the first step toward a global reserve currency that will replace the dollar and euro as currencies of choice in reserve positions of …
by JAMES RICKARDS Most of my readers have followed the ongoing debates in Washington, D.C., about the $1 trillion infrastructure bill and the $3.5 trillion welfare bill now pending in Congress. Here’s a quick recap of the state of play: The …
BY JAMES RICKARDS The happy talk out of Wall Street would have you believe that the Evergrande financial collapse in China is under control and that responsible parties have taken steps to avoid a “Lehman moment” in Chinese capital markets. …
Everyone says “no credit crunch” meanwhile the China HY says the opposite pic.twitter.com/9uGZP9Szrh — Alessio (@AlessioTMAD) September 21, 2021 The FOMC is deeply troubled by the "unsustainable credit boom" in China… the date? May 2004 @jmackin2 pic.twitter.com/ujwZTW5t1z — Dario Perkins …
60% of U.S. Households paid no income tax in 2020. So, we're now past the point where a majority (who pay no tax) can tax the minority (who do pay) to redistribute income and support federal benefits. That condition never …
August 15, 2021 marks the 50th anniversary of the end of the gold standard in the U.S. In 1971, President Richard Nixon formally unpegged the U.S. dollar from gold, meaning the greenback was no longer convertible into bullion.
BY JAMES RICKARDS I’ve been analyzing currency wars for years. In fact, I’ve written a book called Currency Wars, so I have some expertise in the subject. A new front in the currency wars is emerging, but it has not yet …
BY JAMES RICKARDS Last week, the U.S. Commerce Department reported second-quarter GDP for the U.S. rose at a 6.5% annualized rate. From 2009 to 2019 (the recovery from the 2008 global financial crisis), the average annual growth in GDP for the …
