Posts by James G. Rickards

From 1971 to 2010, global central banks were net sellers of gold. In the late 1970s, the U.S. sold about 1,000 metric tonnes of gold in an effort to suppress the price. That effort failed. In the 1990s, the U.S. pressured the UK to sell its gold, which they did. That sale took place at…

Chinese governance is complicated and not well understood by most western observers. Still, it’s not difficult to explain. There are two parallel governance structures organized as top-down silos. These parallel structures duplicate every important function at every level with one critical difference. The first silo is what we would consider state power. This consists of…

A new report from China suggests that the COVID lockdowns in Shanghai may soon be over. Don’t believe it. The lockdowns will continue and grow worse. China has been pursuing what they call a Zero Covid policy. This is a more extreme and idiotic version of the mask mandates and lockdowns that plagued the United States through…

After months of talking, the EU and the G7 developed economies are finally taking some concrete action on energy policy. The difficulty is that the policy decisions make no sense and are doomed to fail. As reported in this article, the G7 climate and environmental ministers met in Berlin and agreed to phase out the use…

There’s already one going on in Ukraine. But did President Biden just increase the chances of another shooting war, this one with China? Let’s get started, first in Ukraine… Russia’s assault is slow and brutal, but it is proving effective in achieving Russia’s goals. Those objectives include building a land bridge from Russian territory to…

In Jim Rickards’ discussion with our Daniela Cambone, the NYT best-selling author said, “inflation can go a lot higher,” because the Fed cannot do anything about supply shortages ranging from food to oil. Real wages are, “negative, they’re going down,” and with rising inflation, people will not spend money elsewhere which can slow the economy…

Tom welcomes back David Brady, CEO, and Co-Founder of Global Pro Traders. David discusses the changes that have occurred in the markets since his last appearance on the show nearly two years ago. He believes another massive rally is coming for gold and that the Fed will reverse course. Countries never chose to default they…

In September 1901, just days before becoming president, Theodore Roosevelt remarked, “Speak softly and carry a big stick; you will go far.” This was a succinct summary of Roosevelt’s approach to diplomacy and foreign policy, and it has been the motto of Big Stick diplomacy ever since. The idea was that the ability of the…

We have provided extensive analysis of the financial war between the U.S. and Russia related to Russia’s invasion of Ukraine. That’s important because the consequences are not confined to the battlefield or even the combatant nations. The consequences are felt globally in the form of higher prices, shortages of goods, supply chain disruptions, and possible…