Jim Rickards

Jim Rickards


NY Times bestselling author: Sold Out (Dec. 2022), The New Great Depression, Aftermath, The Road to Ruin, Death of Money, Currency Wars, The New Case for Gold.

280954 followers  •  2062 follow  •    •   http://www.jamesrickardsproject.com/

My new interview with Jay Taylor discusses my book, Sold Out, and the global economy more broadly. The book is available here: . Thanks.

If you wonder whether the supply chain crisis is over, the answer is, no. Amazon's on strike. Railroad strike next. And, we're running out of diesel fuel fast. Find out everything you need to know in my book #SoldOut  available here:

Ever wonder why every graphic representation of a crypto is a gold or silver coin? It's part of the mass delusion. They want you to believe it has some value; it doesn't. They want you to believe you can hold it in your hand. You can't. Cryptos are actually hallucinogens.

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BlockFi files for bankruptcy, latest domino to fall after FTX. Won't be the last. The bigger issue is when does crypto-panic leak into the mainstream financial system? Give it time.

Getting close to the 12.06.22 publication date for #SoldOut . Thanks to you, we're already ranked as #1  New Release on Amazon on pre-sales alone. Want to read 50 pages tonight? Just pre-order, enter confirm number on form, and we'll send you a free excerpt.

Biden administration will now offer government support for $1 million mortgages. With Biden it's never about everyday Americans. It's all about helping the rich.

Gold's got a pulse. @TraderStef  called that one.

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Key takeaways from employment report: Labor Force Participation rate down to 62.1 (from 62.2 last month). Nominal wages up 5.1% (y-o-y) but real wages down 2.6% after inflation. Average workweek at 34.1 hours down from 34.2 hours last month. That's not a strong report.

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My new book, #SoldOut , is released today! Book available here: Great to start the publication date with an interview with the brilliant : @JuliaLaRoche 

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I don't know who blew up the Nord Stream pipelines. I do know that when solving a mystery, you look for motives. Russia has none; they can turn off the gas when they want. The U.S. has plenty: Blame Putin, escalate the war, advance green agenda, make EU dependent. Go from there.

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Biden wants to impose economic sanctions. Russia produces 10 million barrels of oil per day. Russian gold reserves are 2,300 tonnes. If oil goes up $10 per barrel, Russia adds $3 billion per month. If gold rises 10%, Russia adds $15 billion. Russia feels no pain, just profit.

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Before the invasion, the USD/RUB cross rate was 80.0. Today the USD/RUB cross rate is 80.5 bid. Sanctions have had no impact on the Russian ruble at all. But sanctions will cost Americans and Germans billions of dollars through higher energy costs and inflation. Enjoy.

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While the White House is busy destroying confidence in the U.S. dollar, this crew is planning the next stage of the global monetary system. #BRICS 

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Ironically, Omicron is the vaccine we've all been waiting for. You get it, suffer a mild case, recover and are immune for life. That's how real vaccines work. No genetic modification required. Fauci's gang are freaking out because this marks the end of their mRNA vaxx racket.

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Where's U.S. aid money for Ukraine going? It's being stolen off the top or diverted to corrupt officials. Goods are diverted to the black market. Weapons are also sold on the black market. Almost nothing goes to the war. You're paying for this swindle.

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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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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Government of Alberta posted these charts then censored them once they realized what they showed. These indicate huge spikes in death and infection immediately following vaccinations. Draw your own conclusions. When governments censor, we have to do our bit to get the word out.

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