Posts by James G. Rickards

How much longer can Americans be lied to before the nation’s social fabric shreds completely? To some extent, governments and big media have always lied. In the past, this has been done with good intentions (during times of war when secrecy is needed) or bad (as in cover-ups of blunders and crimes). Americans may be…

President Harry Truman once said, “If you want a friend in Washington, get a dog.” My corollary to that is, “Better yet, get out of town.” Relationships in Washington are highly transactional. If someone can do you a favor, you’ll want to ingratiate yourself with that person. If someone is caught up in a controversy…

Remember John Durham? He was the well-regarded United States Attorney for the District of Connecticut who was appointed Special Counsel by Trump’s Attorney General William Barr to investigate the origins of the Russian conspiracy hoax that plagued the first three years of the Trump administration. The hoax was created by Hillary Clinton and her campaign…

While the world is focused on the growing global financial crisis (and with good reason), there are important stories emerging elsewhere that are just as threatening to U.S. interests and U.S. power. The most important story is the recent meeting between Comrade Xi Jinping of China and President Vladimir Putin of Russia inside the walls…

We’ve written at length about how Ukraine is losing its war with Russia badly. The U.S. and UK media have been a continuous source of lies on this topic, so it’s not surprising that most Americans believe that Russia is losing badly. That’s simply not true. Over 200,000 dead Ukrainian soldiers speak as if from…

The litany of recent bank failures has become all too familiar. It began in early March with the bankruptcy filing of Silvergate Bank. Silvergate was not just another commercial bank. It was a traditional FDIC-insured bank, but it was also heavily involved in the cryptocurrency world. It was known as a crypto bank that would…

The Board of Governors of the Federal Reserve certainly deserves blame for the Fed’s failure to regulate Silicon Valley Bank (SVB). Responsibility should begin with Fed Chair Jay Powell and his Vice Chair for Supervision, Michael Barr. Both should resign or be removed from office for this $200 billion fiasco that has furthermore revealed that…

The magnitude of the failure of Silicon Valley Bank (SVP) can hardly be overstated. It was the largest bank failure since Washington Mutual during the global financial crisis in 2008. Initially, over $100 billion in bank deposits were vaporized by the Federal Deposit Insurance Corporation (FDIC) on Friday, March 10, 2023, only to be reinstated…

Many of America’s early presidents had served as secretary of state prior to becoming president. These leaders included Thomas Jefferson, James Madison, and John Quincy Adams. The list of distinguished secretaries of state includes many giants of diplomacy who were not president, including Daniel Webster, Henry Clay, William Seward (who completed the Alaska Purchase), George…

Since the failure of Silicon Valley Bank on March 10, 2023, depositors have been on edge about whether their deposits are protected or not and whether their bank is sound or not. Contradictory messages from the U.S. Treasury, FDIC and the Fed have made things even more confusing. Some investors simply want to get out…