BY JAMES RICKARDS I’ve made many visits to China over the past thirty years and have been careful to move beyond Beijing (the political capital) and Shanghai (the financial capital) on these trips. My visits have included Chongqing, Wuhan (the …
BY JAMES RICKARDS You can’t have it both ways, but that doesn’t mean you can’t try. That’s what Joe Biden is doing right now. On the one hand, Biden policies are, at least, partly responsible for the recent rise in unemployment …
BY JAMES RICKARDS Since the outbreak of the pandemic, the “respectable” media has pushed the theory that the virus came from a wet market in Wuhan, China. Any talk that it might have come from a bioweapons lab in Wuhan …
BY JAMES RICKARDS What do you think is America’s most serious geopolitical challenge — China, Russia, Iran, maybe North Korea? None of the above, apparently. According to President Biden’s Director of National Intelligence, Avril Haines, climate change needs to be …
via dailyreckoning: What took Wall Street so long to figure out something I’ve been saying for months? Six months ago, even before the presidential election in November, I began warning my readers that Joe Biden was going to double the capital …
Authored by James Rickards via The Daily Reckoning, MMT is the most potentially-damaging economic doctrine I have ever encountered, with the exception of communism… Let’s begin with the idea that the Fed and Treasury should be merged in practice so …
by Jim Rickards via Daily Reckoning The focus of the anti-Trump forces has shifted. Trump was not removed from office as his opponents had hoped. And the long-awaited Mueller report on “collusion” by Trump with Russia has turned out to be an anticlimax …
by Jim Rickards via Daily Reckoning Investors have been speculating for years about the demise of the “petrodollar” deal struck by Henry Kissinger and Treasury Secretary William Simon in 1974. It was first set up between the U.S. and Saudi princes to prop …
BY JOHN RUBINO Jim Rickards: In the next financial panic, “gold will be going up $100 a day, $1,000 a week” … Noam Chomsky on the Russiagate “farce” … Glenn Greenwald is vindicated by Mueller Report … Rick Rule: In …
Four time best-selling author Jim Rickards says “The time to buy gold is when sentiment is low and people hate it. . . . So, the bull market is intact.” We are in the fourth year. Bull markets start off …
by Jim Rickards via Daily Reckoning I try to avoid partisan politics in my analysis. And I never try to tell people how to vote or what they should think. I trust my readers to make their own judgments. But sometimes I can’t …
Jim Rickards interviewed on The Investor’s Podcast Interview starts around the 1:40 mark. – Jim begins talking about fiat US dollar dominance as a tool of geopolitical power. – How the Federal Reserve bailed out the European banking system in …
via dailyreckoning: We’ve written numerous times about the likelihood of a Chinese credit crisis, and the risks of contagion from such a crisis in China and the global economy. Despite long-standing concerns, this issue simply won’t go away. China has …
via dailyreckoning: Since the end of QE and the “taper” in October 2014, the Fed has been trying to “normalize” their balance sheet and interest rates. The balance sheet needed to be reduced from $4.5 trillion to about $2.5 trillion through …
via dailyreckoning: Remember the “tea party” revolt in 2009–2010 against government bailouts and government spending? Remember the “fiscal cliff” drama of Dec. 31, 2012, when Congress raised taxes and cut spending to avoid a debt default and government shutdown? Remember the …
From Jim Rickards at The Daily Reckoning: On Saturday, Dec. 1, at the end of the G-20 meeting in Buenos Aires, President Trump and his team of trade and finance advisers had dinner with President Xi Jinping of China and his …
via dailyreckoning: In 2017, the financial world was filled with talk of synchronized sustainable growth in major economies for the first time since before the 2008 global financial crisis. This was being proclaimed by global financial elites including Christine Lagarde, head …
From Jim Rickards, Editor, The Daily Reckoning: “I will not be the one to break the peace we have made here today.” With those words, the Godfather, Don Corleone, played by Marlon Brando, ended the war among the five mafia families …
by Jim Rickards of Daily Reckoning You are well aware that the Federal Reserve is raising interest rates. This policy started in December 2015 with Janet Yellen’s “liftoff” from zero and has continued through seven more rate hikes in 2016, 2017 and 2018, …
via dailyreckoning: I’m in Dublin, Ireland, today, where I was honored and humbled to receive a writing award from Trinity College. It’s my job to continue pointing out the risks to the financial system that we still face and to try …
by Jim Rickards of Daily Reckoning Unless you’ve been living under a rock somewhere, you know the critical midterm elections are tomorrow. The outcome will likely have a major impact on President Trump’s future in office. For months, we heard talk of a …
From Jim Rickards, Editor, Daily Reckoning: My specialty is global macroeconomic analysis. I don’t usually get too involved in politics, and frankly I’d prefer to avoid the subject altogether. But at certain times politics intrudes on markets and you have to …
by Jim Rickards via Daily Reckoning Here’s the lay of the land. The Senate is currently divided between 51 Republicans and 49 Democrats (including two Independents who caucus with the Democrats). A change of two seats in favor of the Democrats will give …
Jim Rickards interviewed on The Great Reset Opportunity Report Economist, investment banker, and author James Rickards discusses interest rates, the stock market, the US economy, precious metals, the risk of financial calamity, the future of the Fed and much more.
From Jim Rickards, Editor, The Daily Reckoning: The U.S. trade war with China and China’s daunting debt problems are well understood by most investors. Coming U.S. sanctions on Iran and Iran’s internal economic problems are also well understood. What is not …
by Jim Rickards of Daily Reckoning Many of those who warn of near-term economic collapses or market panics are consigned to the fringes of economic analysis. The mainstream analysts at university faculties or Wall Street banks are almost unanimous in saying, “All is …
by Jim Rickards via Daily Reckoning Free riding is one of the oldest problems in economics and in society in general. Simply put, free riding describes a situation where one party takes the benefits of an economic condition without contributing anything to sustain …
by Jim Rickards via Daily Reckoning If you’ve ever lived through a life-threatening emergency — whether a car crash, train wreck or a steep fall (hopefully not) — you have noticed that time seems to slow down. You witness your personal jeopardy in …
by Jim Rickards via Daily Reckoning The U.S. has been highly successful at pursuing financial warfare, including sanctions. But for every action, there is an equal and opposite reaction. As the U.S. wields the dollar weapon more frequently, the rest of the world …
by Jim Rickards of Daily Reckoning I’ve written for years that Chinese economic development is partly real and partly smoke and mirrors, and that it’s critical for investors to separate one from the other to make any sense out of China and its …