James Rickards

1 week ago | dailyreckoning.com | James Rickards

It’s that time again. Time for the annual BRICS+ Leaders Summit. The BRICS have hundreds of meetings over the course of the year on every topic from sports to women’s issues to agriculture. But there is only one Leaders Summit. That’s when the heads of state of the members convene to discuss policy issues and to make announcements of major importance. For those new to BRICS, it’s an acronym from the names of the founding members of Brazil, Russia, India and China who first met in 2009.

2 weeks ago | dailyreckoning.com | James Rickards

Are we on the brink of an existential war between two nuclear-armed powers? I don’t refer to the U.S. and China over Taiwan nor the U.S. and Russia over Ukraine. I’m referring to India and Pakistan. That’s the most dangerous corner of the world today. And the answer to the existential question is yes. The immediate cause of the new war between India and Pakistan involving the disputed regions of Jammu and Kashmir has been widely reported.

4 weeks ago | dailyreckoning.com | James Rickards

The battle between the Trump administration and the federal courts on the topic of deportation is intensifying. The outlines are clear. Biden and his corrupt cronies left the U.S. southern border wide open for four years. Estimates vary but it’s likely 8 million illegal aliens crossed the border. But the actual number could be 10 million or higher.

4 weeks ago | dailyreckoning.com | James Rickards

When I write collapse, I’m not referring just to a financial meltdown. I’m referring to a broad-based social collapse that could call into question the rule of the Chinese Communist Party (CCP), which some historians refer to as the Peasant Dynasty. In order to understand the vulnerability of China, it helps to consider the counter-narrative that the China is a rising great power. We’ve heard for decades that Chinese GDP would soon exceed U.S. GDP to make China the largest economy in the world.

1 month ago | dailyreckoning.com | James Rickards

With so much attention focused on U.S. stock markets, it seems timely to pivot away from stocks for the moment and consider the global perspective. Globalization may be dying in terms of trade and supply chains, but financial markets are inextricably linked in ways that relatively few understand. King Dollar Still RulesThe dollar still dominates the global financial system despite the cracks in the foundation and the valid criticisms.