Posts by James G. Rickards
China Is Killing Its Own Economy For Political Reasons. This Won’t End Soon.
We’ve written extensively about China’s Dynamic Zero Covid policy and how it’s wrecking its economy. Still, the story keeps getting worse and demands more time and attention. The Dynamic Zero Covid policy was invented by Chairman Xi Jinping of Communist China and relies on public health officials, city officials, police and Communist Party cadres for…
Read MoreThe Fed’s Digital Dollar Is Almost Here. Makes It Easier To Take Your Money.
Central Bank Digital Currencies (CBDCs) are coming even faster than many anticipated. The digital yuan is already here; it was introduced in China last February during the Winter Olympics. Visitors to the Olympics were required to pay for meals, hotels, transportation, etc. using QR codes on their mobile phones that linked to digital yuan…
Read MoreBiden’s Failed Inflation Strategies Are Now Hurting National Security.
Readers don’t need a tutorial on inflation. Inflation was up 8.6% according to the most recent report and has been running around 7% to 8% all year. Inflation for the full-year 2021 was over 7%. All of those numbers were the highest in forty years at the time they were announced (new numbers keep breaking…
Read MoreEurope Is Slowly Discovering That Sanctions Don’t Work
Remember the early days of the War in Ukraine? From the invasion date on February 24, 2022, through mid-April, we heard non-stop propaganda about how Ukraine was winning, Russia was bogged down, Putin was about to be deposed, and Western sanctions would bring Russia to its knees. I said that was all wrong at the…
Read MoreBiden’s Mind Is Adrift. So Is The White House Staff.
Biden’s physical and mental decline were apparent long before he was elected. He slurs words, can’t focus, can’t even read a teleprompter, and forgets where he is. He can’t remember the names of his own top cabinet officers and has to be directed to the White House entrance when he’s on the White House South…
Read MoreWhat Happens In Crypto-Land Doesn’t Stay In Crypto-Land. It’s Contagious.
The Bitcoin and crypto crashes continue. Bitcoin has dropped from $67,000 on November 8, 2021, to $21,000 today, a plunge of 68% in just over seven months. Much of that plunge has been concentrated in just the past six weeks. Bitcoin fell from $40,000 on May 4 to today’s level, a 47% nosedive. There’s no…
Read MoreWhat Does Virus Control Have To Do With Bank Runs? We’ll Soon Find Out
This story describes one of the most dangerous developments in recent years. It’s a giant leap forward in the development of the totalitarian surveillance state. We all know how governments have used the pandemic to increase social control. This takes the form of mask mandates, vax mandates, contract tracing, quarantines, and other intrusive tactics that limit personal…
Read MoreChina Reopens Only To Shut Down Again. The Virus Is Winning.
No doubt readers have been following the see-saw of Chinese lockdowns and reopenings of various cities in response to COVID pandemic outbreaks. In the past six months, these lockdowns have been imposed in Xi’an, Ningbo, and other cities. More recently, the two biggest cities in China – Shanghai with 26 million residents and Beijing with…
Read MoreThese People Never Learn
Here’s the good news: The stock market didn’t lose nearly as much today as it did yesterday. The Nasdaq even posted a 19-point gain. Of course the Dow still lost another 151 points and the S&P lost another 14. The S&P slipped into bear market territory yesterday, which doesn’t bode well for the economy. Since…
Read MoreJames Rickards: What is Going to Happen to the US Dollar? Will it Plunge and Gold Soar?
Trading partners won’t stand still while you cheapen your currency. They will react by cheapening their own currencies in tit-for-tat devaluations. That’s the nature of currency wars and it was a major reason why the Great Depression lasted so long instead of just a year or two. Countries can retaliate against trading partners to get…
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