Posts by James G. Rickards

The Ukrainian armed forces are literally running out of ammunition. Of course, ammunition comes in many forms but the critical form for this war is the 155mm artillery shell. Drones, cruise missiles, and some anti-missile systems are in use, but Ukraine has no anti-aircraft capacity and Russia has been able to shoot down most Ukrainian…

One of the complaints I’ve heard most frequently about Democrat politicians is that there is never any accountability. Wrongdoing is identified, the matter is investigated, evidence is produced, and then…nothing happens. Hillary Clinton paid no price for her role in the Benghazi massacre in which a U.S. ambassador and three special operations fighters were killed.…

The Dow Jones Industrial Average (DJIA) was 36,800 on Jan. 4, 2022, an all-time high. It’s about 35,450 today. That’s down 3.8% over the past 18 months. That decline is nominal. But if you adjust for inflation, the DJIA was down 6.42% over those 18 months. The same applies to the S&P 500 index. The…

I’ve been studying monetary economics for about 50 years. All of my research has led me to one conclusion — we’re going to see the collapse of the international monetary system. When I say that, I specifically mean a collapse in confidence in paper currencies around the world. It’s not just the death of the…

As I’ve been warning my readers, the most significant development in international finance since 1971 will be unveiled just over one month from today. A new BRICS gold-linked currency will be announced on Aug. 22 at the BRICS Leader’s Summit conference in Durban, South Africa (the BRICS are Brazil, Russia, India, China and South Africa).…

Donald Trump was put under investigation by the FBI before he was even elected president. There was no good reason for this. The investigation was simply an illegal effort to derail Trump and help Hillary Clinton. Following his election, the FBI investigation continued and turned into the Russian Hoax. Again, there was not a single…

We all remember the debacle of the U.S. retreat from Afghanistan in August 2021 under the cowardly leadership of Joe Biden. The issue at the time was not whether the U.S. should withdraw or not. Most Americans favored some kind of withdrawal. The U.S. and allies had been fighting there since 2001. After 20 years…

What’s a cluster bomb? It’s a bomb that contains hundreds of smaller bombs. It can come in a form that’s dropped by a plane or drone. It can also come in the form of an artillery shell that can be fired from a 155mm gun. The idea is that when the cluster bomb or shell…

The fight against inflation has dominated Federal Reserve policy for the past sixteen months. The Fed allowed inflation to run out of control in 2021 and early 2022 on a view that it would be “transient” and would come down on its own through reduced consumption, possible recession, and higher unemployment. None of that happened.…

We’ve written extensively about the green new scam and the hysterical climate alarmism propagated by elites around the world. Science (and by that, I mean real science, not THE SCIENCE touted by climate alarmists) shows that the dominant forces affecting climate are sun cycles, volcanos, ocean currents including subduction of warmer high salinity currents under colder less…