Posts by James G. Rickards

Most readers are familiar with George Orwell’s Nineteen Eighty-Four, the classic novel of a dystopian future society ruled by a dictator called Big Brother. (The novel was called Nineteen Eighty-Four because it was written in 1948; 84 was simply the inverse of 48). While the novel depicted a future society, it was understood at the time…

Investors don’t need to be told about the recent stock market crashes. The Dow Jones index is down 12.5% since January 22. The S&P 500 is down 16.1% in the same period. The NASDAQ Composite is down an even more spectacular 26.5% since November 19, 2021. This puts NASDAQ solidly into a bear market (down…

The supply chain collapse broke into national headlines last October. We all read reports of vessels backed up off the Port of Los Angeles waiting to unload container cargo, and the shortage of truck drivers needed to move the cargo to distribution centers and warehouses once it was unloaded. Of course, the roots of that…

It’s clear that Biden administration policies are directly responsible for the inflation plaguing America today. The primary blunder was the attack on U.S. oil and natural gas production that began on Day One of Biden’s term in office. The Keystone XL Pipeline was killed, new oil and gas leasing on federal lands was suspended, new…

Apple’s problems with supply chain delays in semiconductors, strategic metal inputs, transportation logistics, and higher energy prices are well-known. Similarly, Apple is hindered by the Zero Covid policy being pursued by Comrade Xi Jinping in China. That policy makes no sense because the SARS-CoV-2 virus (the cause of COVID) is highly contagious, minutely small, and…

Five-time, best-selling financial author James G. Rickards says, “We could be in a recession right now,” but the title of his most recent book “The New Great Depression” says where we are definitely going soon. Rickards says, “The current crisis is not like 2008 or even 1929. The New Depression that has emerged from the…

Readers of George Orwell’s Nineteen Eighty-Four are familiar with the dystopian nightmare society depicted in the novel. The lead character is Winston Smith. He works for Big Brother in his Ministry of Truth, which controls news, entertainment, and education among other channels of culture and communication. Smith’s job is to “rectify” historical records so that everything…

Can the War in Ukraine get much worse? The results of fighting (both on soldiers and civilians) have been hellish, as we’ve all seen. That’s tragic, but that’s war. The Ukrainian economy has been destroyed in large part, the Russian economy is suffering and even the U.S. economy recorded a loss in GDP in the…

When studying the history of the FBI from 9/11 until today, it’s difficult to separate incompetence from corruption. The FBI knew that potential terrorists involved in 9/11 were taking flying lessons, but they failed to share this intelligence with the CIA, which knew that the same terrorists had left a terror summit in Malaysia and…