Category Archives: james rickards

Beware the Money Illusion Coming to Destroy Your Wealth

By James Rickards Editor’s Note: Jim Rickards has published a third book entitled “The Big Drop: How to Grow Your Wealth During the Coming Collapse.” It’s available exclusively for readers of his monthly investment letter called Strategic Intelligence. Before you read today’s essay, please click here to see why it’s the resource every investor should have if they’re Read More

6 Major Flaws in the Fed’s Economic Model – James Rickards

The U.S. dollar is the dominant global reserve currency. All markets, including stocks, bonds, commodities, and foreign exchange are affected by the value of the dollar. The value of the dollar, in effect, its “price” is determined by interest rates. When the Federal Reserve manipulates interest rates, it is manipulating, and therefore distorting, every market Read More

Why the U.S. is Letting China Accumulate Gold – James Rickards

A lot of people think about gold as a percentage of a country’s total reserves. They are surprised to learn that the United States has 70 percent of its reserves in gold. Meanwhile, China only has about 1 percent of its reserves in gold. People look at that and think that’s an imbalance. But those Read More

The Dollar Will Die with a Whimper, Not a Bang – James Rickards

The same force that made the dollar the world’s reserve currency is working to dethrone it. July 22, 1944, marked the official conclusion of the Bretton Woods Conference in New Hampshire. There, 730 delegates from 44 nations met at the Mount Washington Hotel in the final days of the Second World War to devise a Read More

A Perfect Storm: Brace Yourself for an Epic Economic Meltdown

By James Rickards Over the coming months, I believe we could see an economic meltdown at least six times the size of the 2007 subprime mortgage meltdown. Circumstances lead me to believe it could play out like the meltdown I experienced in 1998 after Long-Term Capital Management (LTCM) failed. This time, however, there will be Read More

Beware the Money Illusion Coming to Destroy Your Wealth

By James Ricakrds A money illusion sounds like something a prestidigitator performs by pulling $100 bills from a hat shown to be empty moments before. In fact, money illusion is a longstanding concept in economics that has enormous significance for you if you’re a saver, investor or entrepreneur. Money illusion is a trick, but it Read More

Same Currency War, New Battle Phase

By James Rickards The current global currency war started in 2010. My book, Currency Wars, came out a little bit after that. One of the points that I made in the book is that the world is not always in a currency war. But when we are, they can last for a very long time. Read More

Fairytales from the Federal Reserve: 15 Reasons Fed Policies Belong in Fantasyland

By James Rickards Don’t ever think for a minute that the central bankers know what they’re doing. They don’t. And that’s my own view, but I’ve heard that recently from a couple central bankers. I recently had spent some time with one member of the FOMC, the Federal Open Market Committee, and another member of Read More

Welcome to the New Depression

By James Rickards The United States is living through an economic depression that began in 2007. It’s part of a larger global depression, the first since the 1930s. This New Depression will continue indefinitely unless policy changes are made in the years ahead. The present path and future course of this depression have profound implications Read More

Why You Should Be Prepared for Both Inflation and Deflation – James Rickards

Daily Reckoning Editor’s Note: The debate over whether or not the US economy will experience inflation or deflation in the near term is an extremely heated one… According to our own Chris Mayer, two respected economists almost came to blows over it. But, as Jim Rickards explains below, there really is no debate, since they’re Read More