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Jim Rickards
53K posts
Jim Rickards
@JamesGRickards
NY Times bestselling author: MoneyGPT, Sold Out, The New Great Depression, Aftermath, The Road to Ruin, Death of Money, Currency Wars, The New Case for Gold.
Joined November 2009
- 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.
- 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.
- Russia has gathered the technical and forensic evidence showing the UK sabotaged the Nord Stream pipelines with U.S. approval. Will be made public in the coming days. It's tantamount to an act of war by the UK and U.S. against Germany. This has the dynamic of a new world war.
- Did anyone notice that gold hit a new all-time high today? A few of us did. It's fascinating how mainstream business media ignores the story. Could it be because the rally in gold is actually the collapse of the dollar?
- I have traveled to quite a few Communist, Fascist and authoritarian countries, but I always knew what I was getting into. This visit to Canada is the first time I entered a free country and watched it turn Fascist in real time.
- The guy on the right with the blue tie and grey beard is Michael R. Bromwich, Dr. Ford's lawyer. I worked against him extensively in the mid-2000s. Let's put it this way. His ethics make Michael Avenatti look like Oliver Wendell Holmes.
- Credit Suisse was highly aggressive in freezing Russian assets and applying sanctions. Then China aligned with Russia. China is Saudi Arabia's biggest customer. Then Saudi Arabia refused to bail-out Credit Suisse. Now CS is de facto nationalized. See how it all works?
- Just announced that FBI is in charge of the investigation of the attempted assassination of Trump. That means we'll never get the truth. The FBI are the liars who cooked up Crossfire Hurricane, Russian collusion hoax, wiretapped and wanted an "insurance policy" against Trump.
- More good news. McCarthy says he'll take Ukraine war funding out of the Pentagon appropriations bill. We can thank @RepMTG for stopping the bloodstained warmongers. Give peace a chance.
- Biden is now a world historic figure. He has destroyed the dollar, not an easy task. A BRICS gold-linked currency will be previewed August 22, to be implemented in stages. SCO will merge with BRICS; others will join. Dollars will still be around but marginalized. Nice job, Joe.
- I have a 15-year old car with 221,000 miles on it. I'm hoping Jay Powell will accept it as collateral at par (what I paid for it) instead of market value (zero). Worth a try. That's what they're doing with underwater bonds in the entire banking system as of tonight.
- 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.
