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James Rickards Biography

James G. Rickards is an American lawyer, speaker, media commentator and author on matters of finance. He is the author of The New York Times bestseller Currency Wars: The Making of the Next Global Crisis, published in 2011, The Death of Money: The Coming Collapse of the International Monetary System, published in 2014, The New Case for Gold, published in 2016, and The Road to Ruin: The Global Elites' Secret Plan for the Next Financial Crisis, also published in 2016. None of Rickards' major predictions thus far have been realized.

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James Rickards Quotes

A gold standard is the ideal monetary system for those who create wealth through ingenuity, entrepreneurship, and hard work. Gold standards are disfavored by those who do not create wealth but instead seek to extract wealth from others through inflation, inside information, and market manipulation.

Create, Gold, Hard Work, Inflation, Information, Monetary

The problem right now is that central banks have not normalized their balance sheet since 2009. They're trying, but it's not even close. If we had another crisis tomorrow, and you had to do QE4 and QE5, how could you do that when you're already at $4 trillion? They might have to turn to the IMF or SDR or to Gold. Then, if you go back to the gold standard, you have to get the price right. People say there's not enough gold to support a gold standard. That's nonsense. There's always enough gold, it's just a question of price.

Balance, People, Right, Sdr, Sheet, Support

When you own gold you're fighting every central bank in the world. That's because gold is a currency that competes with government currencies and has a powerful influence on interest rates and the price of government bonds. And that's why central banks long have tried to suppress the price of gold. Gold is the ticket out of the central banking system, the escape from coercive central bank and government power.

Bank, Competes, Fighting, Government, Powerful, Suppress

What does reflect reality very well is complexity theory, which comes from physics. I'm the one pioneering the idea of bringing it to capital markets. When you look at capital markets through the lens of complexity theory, you ask "what's the scale of the system?" Scale is a fancy word for size. What measures are you using? If you look at total debt, the concentration of assets in the five largest banks, what percentage of the total assets of the five largest banks are interconnected? What you see is a very densely connected, fragile system that could collapse at any moment.

Assets, Complexity, Moments, Percentage, Physics, Reality

Derivatives serve practically no purpose except to enrich bankers through opaque pricing and to deceive investors through off-the-balance-sheet accounting.

Balance, Bankers, Deceive, Enrich, Pricing, Purpose

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Megawati Sukarnoputri

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Rebecca Black

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Joe Beck

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Faith Hunter

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Carleton S. Coon

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Nisi Shawl

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Justin Long

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Brad Keselowski

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Stephen Reinhardt

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Deborah Pryce

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Babe Paley

David O. Russell

David O. Russell