Posts by James G. Rickards

Readers have seen me criticize the “elites” for years. When I do so, I’m careful to say that there is not necessarily a deep dark conspiracy theory at work. We actually know who the elites are. They include Christine Lagarde (former IMF head, now head of the ECB), Mark Carney (former head of three central banks –…

We’ve written a lot about central bank digital currencies (CBDCs) over the past few years. CBDCs are digital money, but they are not cryptocurrencies. The differences between CBDCs (or Biden Bucks as I like to call them) and crypto are important. Cryptocurrencies are recorded on a blockchain, which is a particular type of ledger that…

The fact that climate change alarm is a scam is well known. Yes, climate does change. I used to live on Long Island Sound, which has a rocky coast. The reason it’s rocky is that 10,000 years ago, it was a glacier. Glaciers push rocks to one side (called moraine) and when the glacier melts,…

Last week when the FTX crypto exchange collapsed, we issued two warnings. The first was that the panic would not be limited to FTX but would quickly spread to other crypto players. The second was that the financial damage would not be contained in the crypto world, but would leak into mainstream finance, including institutions,…

Over ten years ago, we began writing about the drive to eliminate cash by the global elite. Cash offers a kind of freedom. It is untraceable (except forensically using serial numbers in sting operations or similar law enforcement operations). It is anonymous (except in large quantities subject to bank money laundering reporting obligations). It is…

Can central banks go broke? It’s an interesting question. For many, there’s an easy answer. People say central banks can never go broke because they can just print more money! That answer sounds good superficially, but it reveals a complete lack of understanding of how central banks work and financial accounting. When central banks print…

No sooner were the mid-term election ballots counted (actually some of them are still being counted in incompetent places like Arizona and California), than Joe Biden dropped broad hints that he’s running for reelection as president in 2024. This is not the first time that Biden has dropped such hints, but these are the most explicit. It…

This time last year, the headlines were full of stories about broken supply chains, empty shelves, and long delays at logistical chokepoints. The Port of Los Angeles had over a hundred cargo vessels waiting offshore for their chance to unload, while shortages of truck drivers and chassis made the unloading nearly impossible. The ripple effects…

The collapse of crypto exchange FTX is the biggest economic and financial story in the world today. Crypto may be arcane to most readers and is not well understood even by those who follow it closely. Still, it would be a mistake to think of this story as a niche development in a niche market.…

One of the points I made in my pre-election analysis is that it didn’t really matter which party won from a policy perspective. That’s because so many of Biden’s policies were already in stone and beyond the ability of Congress to change in the short run. If there were any new legislation, it could be…