Posts by James G. Rickards

Election Day is here. All eyes will be focused on the election returns. These House, Senate and gubernatorial contests will determine which governing philosophy controls the country for the next two years. It will also lay the foundation for the presidential election in 2024 (that campaign starts the day after the midterm election). Essentially, everything…

SATURDAY, NOV 05, 2022 – 01:30 PM Authored by James Rickards via DailyReckoning.com, The all-important midterm elections are just one week away. I’ve said a lot about them, and will have more to say about them in the days to come. But today, I want to talk about something even more important: truth vs. official…

Gold has not received much attention from investors lately. There are a number of reasons for this. Gold is down about 20% from its recent interim high last March. After that decline, it has traded in a narrow range from $1625 per ounce to $1675 per ounce without much indication that it was going much…

Election Day is here. Tomorrow, all eyes will be focused on the election returns. We’ll be up late because a lot of races are close and many of those close rates are happening in the West, including Arizona, Washington and Nevada. It may take days to find out who actually controls the Senate because Georgia…

Social media efforts to censor views that don’t conform to left-wing orthodoxy are well-known. Whether it’s Twitter, Facebook, Google, Instagram, Tik-Tok or any of the others, the playbook is well worn. Targets of Big Tech censorship can be de-platformed. You can have your media posts “tagged” with warning labels about “misinformation.” You can be “shadow-banned”…

Unless you drive an old Volkswagen or Mercedes, you’ve probably never put diesel fuel in your car. Cars are powered with gasoline, another distillate of crude oil. But practically everything else does run on diesel. This includes trains, trucks and cargo vessels. That’s the backbone of the entire global transportation network. When Chinese manufactured goods…

Americans know that gasoline prices are higher, home heating fuel prices are higher and there’s an emerging diesel fuel shortage in the United States. Higher fuel costs translate into higher costs for everything because trucks, trains, planes, and cargo vessels all run on fuel (mostly diesel. Those higher fuel costs get passed along as higher…

Americans know that gasoline prices are higher, home heating fuel prices are higher and that there’s an emerging diesel fuel shortage in the United States. Higher fuel costs translate into higher costs for everything because trucks, trains, planes and cargo vessels all run on fuel (mostly diesel) so those higher fuel costs get passed along…

Jim returns for Part 2 of his interview with Stephanie Pomboy in which he explains that, should the Fed pivot back to easing before inflation is fully tamed, it risks re-igniting the CPI back up as high as a horrific 15%. He also shares his reasons for thinking that CBDCs are inevitable — in fact,…

A financial crisis spreads just like a virus does. The contagion equation is the same. Shifts in narrative/confidence can cause fear to spread quickly – sometimes creating the bad outcome it’s afraid of (e.g., a run on the bank). Or sometimes the opposite (e.g., asset bubbles). The Fed pivot narrative brought a lot of capital…