Posts by James G. Rickards

The financial war between the U.S. and Russia is in full swing. Readers know that Russia invaded Ukraine on February 24, 2022, and has conducted a horrific war using siege tactics on ten or more Ukrainian cities. The main battle for the capital of Kyiv is yet to come, but large-scale bombardments and attacks are…

“White House is worried about Putin’s mental health. Really? Putin may or may not win this war.  But there’s zero evidence of mental impairment.    Dementia and physical decline are clearly evident in Biden, not Putin. The White House is projecting not thinking.”   – Source, James Rickards

There’s no doubt that the financial sanctions put on Russia by the U.S., the U.K., EU members and others are the most severe ever imposed. The U.S. Treasury has announced 15 separate sanctions programs in recent days and no doubt more are on the way. The targets of these sanctions include Russian banks, Russian stocks…

With inflation, pandemic, and war taking up the headlines, is there anyone left who still cares about the national debt? We should all care, but it’s not getting much attention right now. Going into 2020, the U.S. had a baseline budget deficit of $1 trillion per year. After the pandemic hit, Trump added $2 trillion…

The news of the Russian invasion of Ukraine was followed quickly by news of financial warfare initiated against Russia by the United States, the EU, and other western countries. The U.S. Treasury has announced 15 separate sanctions programs in recent days and no doubt more are on the way. The targets of these sanctions include…

There’s no doubt that the financial sanctions put on Russia by the U.S., UK, EU members, and others are the most severe ever imposed. All Russian assets have been frozen. Even the Central Bank of  Russia has had assets subject to western control frozen. The financial impact on Russia will be extreme. The Russian economy…

The war in Ukraine is a horror. War always is. Still, we can’t look away. This war is too important. The roles of Russia (one of the top three energy producers in the world), the EU as a coherent economic bloc, NATO as a functioning alliance, and the dollar itself all hang in the balance.…

By now, you probably understand the situation on the Russia-Ukraine border. Close to 100,000 Russian troops have been deployed along Ukraine’s eastern border. Will Putin invade? What would be the U.S. and NATO response? Those are the $64,000 questions. The answers have massive implications for the economy, markets and potentially civilization itself. That’s not hyperbole.…

Russia’s desire to break away from the hegemony of the U.S. dollar and the dollar payment system is well-known. Over 60% of global reserves and 80% of global payments are in dollars. The U.S. is the only country with veto power at the International Monetary Fund, the global lender of last resort. So Russia has…