Posts by James G. Rickards

To fund or not to fund? That is the question hanging over the Ukraine debate in Congress today. The Biden White House wants $60 billion of new money to give to Ukraine to fight the war. This is on top of several hundred billion already provided. This was proposed last summer but has stalled in…

This article is well worth reading, but the main photo tells the whole story. It’s a picture of used and broken windmill blades in a waste site stretching as far as the eye can see. Wait a minute. We thought that windmills and their solar module friends were the answer to all of the world’s problems. We…

A lot of people seem to have forgotten about the war in Ukraine. That’s a mistake. Russia is slowly but steadily defeating Ukraine, which is becoming increasingly obvious to everyone except the most anti-Russian diehards. That’s leading to desperation in elite Western circles determined to stop Russia one way or the other. In their minds,…

The Fed kept the fed funds rate unchanged at last week’s meeting, as I predicted. That makes 17 Fed meetings in a row going back to March 16, 2022, when I got the Fed forecast right. Events remain uncertain from here, but it’s so far, so good for my forecasting (that’s not because I have…

What’s the best way to survive a financial crisis with your wealth intact? The answer may surprise you. Many investors would say, “Sell everything and wait until it’s over!” That’s almost never good advice. In the first place, some assets perform well in crises, and you should hold onto those. Secondly, how do you know…

I once had dinner with a Federal Reserve Board governor who told me that central banks can’t go bankrupt. I didn’t agree with her, and this story makes me even more sure that even central banks can find themselves in severe financial distress. Reuters reports that the Banque De France (the central bank of France) suffered a…

Trump is under indictment for almost 100 felony counts in four jurisdictions, two federal and one each in Georgia and New York.  Those cases are all suffering breakdowns of various kinds. The Washington, DC-based January 6th case is on hold pending a ruling by the U.S. Supreme Court that will not be issued until late…

It’s ironic that sometimes the most important story in the world is also the least talked about. It’s not clear if that’s because it’s too technical, or too scary, or that those who control the media are trying to bury it. Regardless, here’s the story. As of late 2021, Russia’s reserve position consisted of about $300…

Trump advisors are already working on appointments to his cabinet and independent regulatory agencies. That’s a good thing for two reasons. The first is that it actually does take time to work up a list of loyal and capable individuals for key appointments. There are over 8,000 positions listed in the Plum Book (a directory…

On the one hand, Biden and his supporters desperately hope that Biden can win reelection next November and carry on through a second term. The last three years of Biden’s administration have witnessed the greatest destruction of American values and liberties since the administration of Woodrow Wilson (Remember Wilson? He gave us the income tax,…