Posts by James G. Rickards

The BRICS Leader’s Summit ended on August 24 with a momentous decision to expand the membership of BRICS for the first time since 2010, as reported here. Saudi Arabia, the United Arab Emirates, Egypt, Argentina, Ethiopia, and Iran were all admitted to membership effective January 1, 2024. Both Brazil and India have some reservations about this…

It’s finally here… Today, Aug. 22, is a date I’ve been warning readers about for months. It’s the date when a great monetary shock is set to hit the global financial system. That’s because the BRICS nations are now meeting in South Africa, where they’ll take steps to create a new gold-backed currency as a…

The BRICS Leaders’ Summit is scheduled to begin tomorrow, Aug. 22 in South Africa, which will run through the 24th. As I’ve been warning, this meeting is the most significant development in international finance in the last 50 years. It has the potential to displace the U.S. dollar as the leading payment currency and reserve…

It’s almost impossible for Americans to know what’s going on in the Ukraine War. The reason is simple. Legacy media outlets such as the Washington Post, New York Times, NBC, CBS, ABC and their cable affiliates have been lying about it non-stop. The narrative is that Russian forces are depleted, demoralized and will crumble at…

Here’s a test. In June 2023, inflation measured by the consumer price index (CPI) on a year-over-year basis rose 3.0%. In July, the same measure rose 3.2%. So, the rate of inflation went up in July, right? Well, that’s the technically correct answer, but you wouldn’t know that reading the mainstream financial media. The media…

The problem with escalation in warfare is that the belligerents quickly lose sight of who started it. Did the War in Ukraine begin with the launch of Russia’s special military operation on February 24, 2022? The U.S. and NATO would certainly say that. Russia would say that Ukraine had been bombarding Russian-speaking populations in the…

We follow the gold market closely. It’s not always a matter of price; often our focus is on who’s buying and who’s selling. This applies especially to central banks and finance ministries, since those official institutions collectively own 35,700 metric tonnes of gold or about 18% of all the above-ground gold in the world. From…

From a geopolitical perspective, the U.S. today has never been weaker than since the post-Vietnam era. Remember the images of U.S. helicopters taking off from its South Vietnamese embassy in 1975, loaded with refugees trying to escape the country? It was a national humiliation. So was the disastrous U.S. withdrawal from Afghanistan in 2022. Desperate…

If you’re not familiar with the name Temu, perhaps you should be. Temu is a Chinese shopping app. It buys space on other apps such as Facebook and Instagram. When the Temu ads pop up on your customary apps, it offers incredible deals such as $1.00 gold necklaces and deals on clothing, accessories and other…