Jim Rickards

Jim Rickards


NY Times bestselling author of Aftermath, coming July 23 https://t.co/4X7amQwd4Y

183270 followers  •  2031 follow  •    •   http://t.co/Ve8jOy1Cie

Fed day. OK, here's the deal. 10-yr note YTM dropped 0.25% in 75 days. Tells you more about coming inflation than anything else; (meaning: no inflation). Fed has worst forecasting record in the world. Fed insiders tell me "dots" are a joke; wish they had never started. @Sarge986 

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Since I'm neither a priest nor a politician, I don't have a dog in this fight. That the debate is even happening is fascinating. I was struck by the warning against weaponizing the Host. Actually, it was weaponized 2,000 years ago to fight Satan's minions.

In the 1980s, Reagan was criticized for not meeting with Russians. His answer: "They kept dying on me." In fact, from 1982-85 Russia had three senile leaders who died in office: Brezhnev, Andropov, and Chernenko. Putin must be feeling like Reagan today.

This is not Biden being a "tough guy." This is Biden behaving as victims of dementia often do, not processing, not self-aware.

What fascinates me about this chart is not the data, but that anyone bothered to calculate it. Seems reports of the death of gold as money are greatly exaggerated.

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Maybe if the Biden administration just shut-up about gun control these numbers would start to go down.

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Still processing this. Obama gives no weapons to Ukraine; he's a hero. Trump gives weapons to Ukraine; gets impeached. Biden denies weapons to Ukraine; another hero. Ukraine is and always has been a Democrat money racket. Trump was the only one who helped.

I'm a seasoned writer, but I just got my first photo credit in an independent publication. Cool.

Four generations. Still going strong.

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I have a graduate law degree in taxation, was tax counsel to world's largest bank. So, maybe I know more about taxes than the NYTimes. In real estate, gains are deferred until you sell the building. Expenses are current, (depreciation, interest, fees). So, tax losses are normal.

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Prime Minister Marin of #Finland  fired the country's emergency supply head for wasting millions of euros on defective Chinese facemasks. I like the idea of people getting fired for gross incompetence. In Washington, they don't fire incompetent people; they just move them around.

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Woman defects from North Korea, enrolls in Columbia University and discovers the same Marxist indoctrination. She says "even North Korea isn't this nuts."

There is one story that may be bigger than the elections, the riots, and the pandemic, but it will take a few years to play out. The U.S. will convert China's $1.2 trillion of Treasury notes to a trust fund for COVID-19 victims and for economic damages. Bye-bye China reserves.

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American cities are burning, there's a lethal pandemic, and we're in a new Great Depression. Of course, the stock market is up. Why do we persist in calling it a "market?" S&P 500 is really the S&P 6, stocks are traded by robots and financed by $5 trillion of printed money at 0%.

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Since social media won't allow the truth about the pandemic response, I thought I'd give it a try. Here's an open letter signed by 394 doctors and 1,340 medical professionals. "A cure must not be worse than the problem."

Fascinating to see how one person, Arnon Mishkin ("Mr. Decision Desk") can singlehandedly destroy the reputation that @FoxNews  spent ten years building. Having worked with scores of high-IQ types and three Nobelists, I can assure you his Arizona call was not statistically sound.

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Rioters in Richmond torched a residence with a small child inside and then blocked the Fire Department from responding to the scene. Just in case you're wondering what kind of people the "protestors" are. They're thugs and criminals. Got it?

Buffett dumps JPMorgan, Wells Fargo; buys Barrick Gold. One way to understand this is he's dumping companies that create paper money to buy a company that produces real money. Economists call this a "liquidity preference." I call it a sign of the times.

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