Posts by James G. Rickards

This is a financial newsletter and not a political service. At the same time, it’s the case that the financial and political worlds are becoming more closely entwined to the point that it’s almost impossible to treat them separately. That’s why we have to keep a close eye on political developments. They can have a…

Certain establishment types consider my ideas extreme. They accuse me of being a conspiracy theorist or some kind of kook, way outside the boundaries of acceptable consensus. That’s fine, I expect that. If you threaten powerful interests, you can expect that they’ll try to discredit you. The fact is people are conditioned to accept whatever…

It’s difficult to think of a more establishment figure than Jeffrey Sachs. He has advised the World Bank, the IMF, and the United Nations. He was a member of the COVID-19 Commission. In 2008, he was listed by Vanity Fair magazine as one of the 100 members of the “New Establishment.” He was also a professor at…

Politicians and presidential candidates are still fighting over what happened in the 2020 presidential election. Trump claims the votes in Georgia, Arizona, and Pennsylvania were rigged with computer vote counting and fake ballots. Others claim that officials in Maricopa County, Arizona (where Phoenix is located) put Republican ballots in boxes that were never counted. Those…

The fact that Ukraine is losing the war against Russia is no longer in dispute. Russia has a solid hold on the four Ukrainian provinces (called oblasts) of Donetsk, Luhansk, Zaporizhzhia, and Kherson. There are battle lines in these provinces and some small areas are still in Ukrainian hands, but control is in Russian hands…

The Deep State is real. It’s not a conspiracy behind closed doors. It’s out in the open and just a fact of life in Washington DC. The Deep State consists of thousands of high-level and mid-level bureaucrats whom no one has ever heard of working at countless agencies that no one has ever heard of…

We’ve been warning readers for over a year about the dangers of central bank digital currencies (CBDCs) that are being rolled out by central banks around the world. CBDCs are not crypto currencies. They are digital and rely on encrypted message traffic. But they do not use blockchains as a ledger, and they are not…

Is Ukraine still a thing for Americans? Of course, a brutal and tragic war is going on there with momentous geopolitical consequences. But do Americans care? Attention spans are short, and Americans have already moved on to stories about political scandals, the next election, and the usual celebrity glamour gloss. Outside of the U.S. warmonger…

When rigorous math and hard science run up against ideological narratives, you can be sure that math and science will win in the end. But it does take time. Such is the case with what I call the Green New Scam. It’s clear that there is no existential climate crisis. CO2 is having little or no…

This article is a bit technical but still of the utmost importance. Let’s begin our analysis with a brief recap of the Chinese economic narrative that Wall Street has been pushing since November 2022. Prior to that date, China had been subject to a severe anti-COVID policy called Zero Covid. The goal was to stop the spread…