Posts by James G. Rickards

Most of us recall the banking crisis of March to May 2023. It began with the collapse of the little-known Silvergate Bank on March 8. This was followed the next day by the collapse of the much larger Silicon Valley Bank (SVB) on March 9. SVB had over $120 billion in uninsured deposits. Bank deposits…

At the beginning of the War in Ukraine, Biden pounded the table and said he was going to destroy the Russian ruble. He also imposed sanctions on everything from oil and natural gas to Russian exports of strategic metals and much-needed agricultural produce. Biden banned U.S. exports of high-tech machines to Russia, kicked their banks…

The best-known names behind the War in Ukraine include President Biden, the Secretary of State Antony Blinken and the National Security Advisor Jake Sullivan. But the most influential proponent of the war is someone very few Americans have even heard of – Victoria Nuland. She was the Acting Deputy Secretary of State and the Undersecretary…

Most Americans do not take third-party challenges in presidential elections seriously. There’s a good reason for that. A typical third party in a presidential election gets 1% to 2% of the vote, wins no states, and does not change the outcome of the election. While that’s true, 2024 may be the first year since 1992…

The radical progressive left is a juggernaut. It’s a machine that never stops. There are some calm stretches and setbacks, but they don’t last for long. The left bides its time, gathers its forces and resumes the attack on tradition and norms of behavior. Compromise does no good. No sooner do you offer some reasonable…

Most of us recall the banking crisis of March – May 2023. It began with the collapse of the little-known Silvergate Bank on March 8. This was followed the next day by the collapse of the much larger Silicon Valley Bank (SVB) on March 9. SVB had over $120 billion in uninsured deposits. Bank deposits…

What’s driving the current stock market frenzy? Is it a new bubble pure and simple? Is it driven by fundamentals? Does the Fed play an important role? Let’s look at these factors and make a forecast of stock market index levels based on these and other inputs. Trends in stock prices over the past year…

Most investors are highly focused on the U.S. presidential election this November, and rightly so. As of now, subject to change, that election is likely to feature a rematch of the Biden-Trump election of 2020. Their policies could not be more different. Biden is a rubber stamp for every progressive policy from open borders, climate…

After two years of trading in a 20% range between $1,600 and $2,000 per ounce, gold finally broke out to the upside, closing at a new all-time high of $2,126 per ounce on March 4. Better yet, if you’re a gold investor, gold has held its ground around $2,100 per ounce since breaking that ceiling…

We’ve written a lot about lawfare lately. Lawfare is a portmanteau – a new word that combines two other words. In this case, the base words are: “law” and “warfare.” In practice, lawfare means the use of law in new and strained ways to handicap political opponents. We’re seeing Trump’s opponents in the progressive movement…