Wednesday, May 16, 2012

The Future of the Dollar




"Jim Rickards, director of market intelligence for scientific consulting firm Omnis, shares his outlook for the dollar."

- Source MSNBC:

Tuesday, May 8, 2012

China Inequality Far Worse than Official Stats

"Any eye openers from Asia trip so far? Yeah, China income inequality far worse than official stats. Has revolutionary potential."

- Jim Rickards, via Twitter:

Wednesday, May 2, 2012

The Real Reason Ben Bernanke Resists the Gold Standard

The fact that the chairman devoted substantial time to the subject suggests that the idea of a new gold standard is gaining traction and that some public rebuttal was required. That's interesting because for decades mainstream economists of the Bernanke type have disparaged the role of gold. If a new consensus is emerging that gold has some role to play, this is a threat to the beliefs of Bernanke and others such as Paul Krugman who take the view that money-printing capacity is essentially unlimited.

Bernanke's public attack on gold comes down to two propositions, both demonstrably false...

- Read the full article here:

Sunday, April 8, 2012

Wednesday, April 4, 2012

Markets are in Wonderland



"The government is creating more uncertainty by picking winners and losers, according to Jim Rickards, of Omnis."

Monday, March 26, 2012

A Return to the Gold Standard?

With central banks around the world printing money to pump into their financial systems to prevent them from seizing up, the argument for a return to the gold standard has become popular again.

The gold standard was a commitment by participating countries to fix the prices of their domestic currencies in terms of a specified amount of gold.

The idea, in theory at least, was that you could convert your currency into gold at the fixed price.

The view from investment banker Jim Rickards is that something is needed to stop governments from printing money in order to deal with their debt - that hurts savers by making money worth less.

"The worst case scenario is hyperinflation, which hurts everyone. Sticking to gold makes such a policy impossible, and therefore stops governments and central banks from abusing their power," he says.

- Read the full story at BBC News here:

Wednesday, March 21, 2012

Currency Wars Takes Silver Medal in Annual Axiom Business Book Awards

Currency Wars: The Making of the Next Global Crisis, by James Rickards has taken second place in the 5th annual Axiom Business Book Awards. The book took the silver medal in the Economics category. 

Congratulations to Jim Rickards and his great book!


See the full results here:




Thursday, March 15, 2012

The Fed is Clueless!

"The Fed is mostly clueless. When they are not clueless they lie. Everyone is in on the joke except savers..."

- Jim Rickards via a recent Twitter update:

Wednesday, March 7, 2012

Rickards: Iran's Currency War



"James G. Rickards discusses how the U.S. is engaging in currency warfare with Iran.

This Carnegie Council event took place on January 26, 2012. For complete video, audio, and transcript, go to: http://www.carnegiecouncil.org/resources/transcripts/0468.html"