Posts by James G. Rickards

Readers are well aware of the banking crisis going on around us. Silicon Valley Bank, First Republic Bank and Credit Suisse are the best-known banks that have either failed or been rescued by central banks in the past few weeks. But there are other names that have failed as well. What readers may not know…

The biggest mistake any analyst or investor can make right now is to believe that the banking crisis is over. Veterans of such crises (and I include myself in that category) know that once the dominoes start falling, they keep falling until some government intervention of a particularly draconian kind is imposed. We’ve seen some…

Headlines this past week have been dominated by the new global banking crisis and rightly so. We’ve seen the sequential collapse of Silvergate Bank, Silicon Valley Bank, and Signature Bank, along with the bailouts of First Republic Bank and Credit Suisse. You can be certain that more bank failures are on the way. Still, the…

Let’s be candid. Janet Yellen knows almost nothing about monetary or fiscal policy. This has become apparent over the past ten years in her role as Chair of the Federal Reserve System and her current role as Secretary of the Treasury. Yellen is basically a labor economist with a knack for statistics but not more…

The crypto world is crashing. Admittedly, this crash is happening in slow motion as crashes in large-scale systems often do. The September 1998 collapse of Long-Term Capital Management was the end of a sequence of panics that began in Thailand in June 1997. The September 2008 collapse of Lehman Brothers was the end of a…

The nine-month long battle between Fed policy and the market narrative has finally ended. Fed Chair Jay Powell drove a spike through the heart of the narrative with his testimony to Congress on March 7 as reported in this article. Here’s the background: Inflation got out of control in late 2021 and early 2022. The Fed…

Regular readers know that I have been writing the following about the pandemic and public health policy for three years: Masks don’t work. Lockdowns don’t work. The virus escaped from a Chinese government lab in Wuhan. The vaccines are not real vaccines, and they definitely don’t work. Schools should never have been closed; children scarcely…

This article is full of lies. Why am I sharing it with readers? Because it’s important to understand how the CIA and New York Times lie machine actually works. The article purports to be based on new intelligence that says the Nord Stream 1 and 2 pipelines were sabotaged by Ukrainian special forces, who somehow were not directly connected…

Almost everything coming out of the mainstream media about Ukraine is a lie. The Western media are acting like propaganda outlets for Zelensky and the Ukrainians instead of reporting the real news as journalistic ethics require. Western media (principally the New York Times, Washington Post, Financial Times, the Economist, and news channels controlled by ABC,…

The U.S. may be the world’s largest economy ($25 trillion), but its share of global GDP measured as a percentage of the total has been shrinking even as large developing economies, including India, Brazil, China, and Indonesia, keep coming up in the ranks. In fact, the world’s four largest developing economies (China, India, Russia, and…