Posts by James G. Rickards
Jim Rickards: If You Put Your Money in the Bank it’s Not Your Money Anymore
Jim Rickards breaks down the current state of the financial system and explains how if you place your money in a bank, it is no longer legally your money anymore. This could have dire consequences as we move forward and as the global financial systems around the globe begin to collapse. Is your money safe?…
Read MoreHere’s Why China May Have Zero GDP Growth This Year
We’ve written at length about the inevitable failure of China’s Zero Covid policy and the huge economic costs. China is determined to shut down the SARS-CoV-2 virus wherever it appears, even though that goal is impossible to achieve. It’s the equivalent of trying to eliminate the common cold. You can take all the extreme measures…
Read MoreEven U.S. Military Experts Now Admit That Ukraine Is Losing The War
We’ve all been fed a steady stream of propaganda by Ukraine and the White House since the War in Ukraine began. Remember how the Ukrainian “volunteers” in camo holding automatic rifles all looked like Vogue fashion models? Turns out they were models, and the photos were all posed for propaganda purposes. Remember the videos of…
Read MoreThis May Be Part Of Putin’s Plan To Leave Germans Freezing In The Dark
You’ve heard a lot about the Nord Stream 2 pipeline, which transports natural gas from Russia to Germany. It is completed and tested but has never been formally opened due to U.S. and EU sanctions on Russia resulting from the War in Ukraine. But, fewer people are familiar with the fact that there is already…
Read MoreGot Cash? Internet Outage In Canada Makes Digital Payments Worthless
We’ve been following the war on cash for years and advising readers on elite efforts to eliminate cash. The idea is to make all payments digital and to force individuals into digital accounts that can be frozen, seized, or reduced by negative interest rates, tax withholdings, and other charges. In the more extreme version (already…
Read MoreMark Cuban Throws His Fans Into The Crypto Shark Tank
Multi-billionaire Mark Cuban is well-known as a serial entrepreneur (MicroSolutions, Broadcast.com, 2929 Entertainment), his ownership of the Dallas Mavericks basketball team, and his regular appearances on the ABC reality show Shark Tank. Less well-known until recently is Cuban’s infatuation with crypto-currencies and his belief that crypto is the wave of the future when it comes to…
Read MoreUkraine Needs $750 Billion To Rebuild. Don’t Worry, U.S. Taxpayers Will Pay.
One of my favorite T-shirts was worn by a television producer who worked on location filming commercials. Anyone who has been on a live TV shoot knows it can be one disaster after another. Cameras break, lights fail, teleprompters don’t work, the weather deteriorates, and so on. Stuff happens. Pros know this and just rise…
Read MorePutin’s Not Just Winning The Ground War. He’s Winning The Financial War Too.
Almost everything you heard about the War in Ukraine from U.S. media over the course of March, April, and May was a lie. You heard that Putin was losing the war. You heard that Russians had poor training, low morale, and were deserting in droves. You heard that Ukrainians were destroying Russian armor in large…
Read MoreWhat Do LTCM, Dotcom Stocks, And Cryptos Have in Common? A Lot.
This article is an interesting take on the similarities of the meltdown of hedge fund Long-Term Capital Management (LTCM) in 1998, the meltdown of dotcom stocks in 2000, and the ongoing meltdown in crypto-currencies and the crypto infrastructure. For those too young to remember the LTCM disaster (or perhaps you’re not too young but just don’t want…
Read MoreFirst Half Of 2022 Was the Worst For Stocks Since 1970. It Will Get Worse.
How bad was the first half of 2022 for stocks? It was the worst first half since 1970, long before most of today’s investors were even born. In the first six months of 2022, the S&P 500 was down 21%, the Dow Jones was down 15%, and the NASDAQ Composite was down 30%. That’s bear…
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