Posts by James G. Rickards

We’ve written extensively on how Russia is decisively winning the War in Ukraine and how the Ukrainian Armed Forces have suffered massive casualties (up to 1 million killed, wounded, or missing in action) that are rapidly destroying its effectiveness as a fighting force. We’ve also detailed how the much-touted advanced weapons coming from the West…

Observers are almost numb in dealing with the list of policies the Biden administration has used to destroy the oil and natural gas industry. You know the list yourself. On his first week in office, Biden ended the construction of the Keystone XL pipeline, banned new oil and gas exploration leases on federal lands, banned…

The U.S. has not only been escalating the armed conflict in Ukraine but has also been escalating the financial war at the same time. The first round of financial targets included obvious attacks such as freezing the U.S. dollar accounts of Russian banks and oligarchs. The second round raised the ante by freezing the dollar…

Here’s the ultimate irony. One of the greatest works of fiction of the twentieth century was Nineteen Eighty-Four by George Orwell. In his novel, Orwell portrayed a dystopian society ruled by Big Brother. Among the features of that society was a “memory hole” where all unapproved books and newspapers were fed into a furnace and destroyed forever.…

Get ready for screaming headlines beginning in about two months. Why? Because the U.S. will be coming up on a double-deadline of debt and deficit inflection points. The budget deficit issue will be hotly debated from March to next September and may result in a government shutdown at midnight on September 30, 2023, if progressive…

The escalation of U.S. weaponry provided to Ukraine is stunning. We started with Stinger surface-to-air missiles to shoot down Russian aircraft, and Javelin missiles, which are potent anti-tank weapons. Next, we provided the HIMARS system, which is a long-range heavy artillery piece with precision-guided shells. Since then, the U.S., UK, and Germany have pledged to…

U.S. and EU sanctions on Russia because of Ukraine have been worse than a complete failure. They have failed to change Russia’s behavior, have failed to hurt Russia’s economy in a material way, and have boomeranged to hurt the U.S., Europe and many western financial institutions. I wrote about this last year in March and…

It’s extremely difficult to find the truth about the War in Ukraine. The first reason for this is because … it’s a war. Wars are always difficult to gauge in real-time. Reporters are in the line of fire, and it’s not always easy to convey facts to audiences, even with 21st-century technology. Fighters on the…

I begin this summary with the fact that the cases discussed below are personal tragedies for the victims and their loved ones. We’ll be discussing strokes, alcoholism, dementia, cancer and other debilitating and fatal conditions. We have nothing but sympathy for the sufferers. Still, these individuals are public officials at the highest levels of government…

We all know about the high-altitude Chinese spy balloon that traveled the length of the U.S. and Canada from Alaska to South Carolina before Joe Biden finally had the nerve to shoot it down. By then, the damage had been done. The balloon collected enormous amounts of data and relayed it back to China. The…