Posts by James G. Rickards
Artificial Intelligence Has Arrived. Does This Mean Humans Are Done?
Artificial Intelligence (AI) is all the rage. You can’t read a headline or turn on the news without hearing about how machines with vast computing power, access to billions of books and documents, the ability to teach themselves, and blinding processing speeds are now poised to take over the world. This article by prominent historian Niall Ferguson…
Read MoreOne More Reason Sanctions Don’t Work. Ghost Tankers Are on The Move.
I’ve taught a seminar in financial warfare at the U.S. Army War College for the past seven years. It’s always a delight and a challenge because the class is so smart to begin with. I usually have about 12 students from all branches (Army, Navy, Marines, Air Force, and Coast Guard) as well as civilians…
Read MoreConcern About the Dollar Is Exploding. Even Tucker Carlson’s Worried.
Distress about the future role of the dollar in international payments and as the global reserve currency is so pronounced that it has jumped from technical circles to mainstream media almost overnight. The topic is so hot and so troubling that even #1 ranked cable TV host Tucker Carlson has weighed in, as described in…
Read MoreRejection of U.S. Dollars Has Even Spread to Africa. Dollars Not Wanted.
Most of the reports of countries abandoning the U.S. dollar as a payment currency for part or all of their exports and imports involve large developing economies such as China, Russia, Brazil, Dubai, Saudi Arabia, Turkey, and Iran. New reports arrive daily, including a new comprehensive agreement between China and Brazil to use their local…
Read MoreWe’ve Wiped Out Two Years of Growth and Learning for Our Children
I’ve been adamant and persistent in my criticism of public health policy during the recent pandemic. From the start in 2020, I said that masks don’t work to stop the spread of the virus, that lockdowns don’t work, and that the mRNA vaccines were not real vaccines but were experimental gene therapy treatments that don’t…
Read MoreThis Financial Threat May Be Bigger Than the Banking Crisis
The new global financial crisis, as exemplified by the successive failures of Silvergate Bank, Silicon Valley Bank, Signature Bank, Credit Suisse and the potential failure of First Republic Bank, is well underway. Despite a brief hiatus after the UBS-Credit Suisse shotgun wedding on March 19, the crisis is far from over. Other big bank failures…
Read MoreChina And Brazil Decide They Don’t Need No Stinking Dollars
One of the most famous movie scenes of all time occurs in The Treasure of the Sierra Madre. Humphrey Bogart plays a gold prospector confronted by a gang of Mexican banditos. Bogart and his co-prospectors are well-armed and have taken up positions behind rocks and trees. The banditos move forward and demand Bogart’s rifle. The banditos…
Read MoreThe Fed Props Up the Banks. But Who Props Up the Failing Fed?
We’ve seen a string of bank failures recently, some of them of spectacular size. The recent run started on March 9, when Silvergate Bank announced it was closing its doors and may file for bankruptcy. The next day, the FDIC took over Silicon Valley Bank (SVB) and said they would wipe out over $100 billion…
Read MoreHow Bad Is Social Media Censorship? It’s Much Worse Than You Think.
Elon Musk’s takeover of Twitter and the subsequent termination of the censorship ideologues and release of internal files is turning into a landmark episode in the battle for free speech. I’m a huge user of Twitter and I was well aware of the pitfalls that could arise if you criticized the public health policy response…
Read MoreWe Know the Climate Alarmists Are Scam Artists. But It’s Worse Than That.
It’s difficult to know what’s worse about the climate change scam – the false science or the equally false claims that there’s something humans can actually do about it. The scientific scam has been well exposed at this point. There was a slight warming trend from 1985 to around 2005, although there’s nothing unusual about…
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