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Thursday, August 18, 2022
rickards:-mmt-is-a-disaster-waiting-to-happen

Rickards: MMT Is A Disaster Waiting To Happen

Authored by James Rickards via The Daily Reckoning,MMT is the most potentially-damaging economic doctrine I have ever encountered, with the exception of communism...Let’s begin with the idea that the Fed and Treasury should be merged in practice so that the Fed will monetize any amount of spending or borrowing the Treasury wants.The reason markets have…
rickards:-the-mainstream’s-got-it-wrong

Rickards: The Mainstream’s Got It Wrong

Authored by James Rickards via DailyReckoning.com,Gold has taken a hit this year, no doubt about it. Since peaking over $1,950 in early January, the price of gold has fallen to $1,725 today.But not all is doom and gloom. Some perspective is needed. If we go back to the beginning of the current bull market on…
rickards:-americans-should-fear-the-“anarchy-from-above”

Rickards: Americans Should Fear The “Anarchy From Above”

Authored by James Rickards via The Daily Reckoning, Chesterton - G.K. Chesterton - once wrote of “anarchy from above.” Anarchy. The word implies a mob amok. Anarchy implies violence. And chaos. Anarchy implies the murder of law, of order… both borne away by the whirlwind. American cities have been scenes of anarchy. How else would…
rickards:-you-may-never-see-“normal”-again

Rickards: You May Never See “Normal” Again

Authored by James Rickards via The Daily Reckoning, American cities are burning, there’s a lethal pandemic and we’re in a new Great Depression. Other than that, everything’s fine... People often ask me when things will “get back to normal.” Well, the answer could be never (or at least not for a long time). Germany was…
rickards:-the-coin-toss-election

Rickards: The Coin-Toss Election

Authored by James Rickards via The Daily Reckoning, The political climate is fragile and feverish, with the nation amid a crisis that is both fast-changing and unparalleled in living memory. The biggest change in my election forecast is that Trump’s chances of reelection in November have plunged from 74% (the pre-COVID forecast) to 50% as…
rickards:-it’ll-get-worse-before-it-gets-better

Rickards: It’ll Get Worse Before It Gets Better

Authored by James Rickards via The Daily Reckoning, We’re well into the coronavirus pandemic at this point. As of this writing, there are 360,765 reported infections and 15,491 deaths worldwide. Over the next few days, you may be certain that those numbers will be significantly higher. That’s how pandemics work. The cases and fatalities don’t…
rickards:-how-gold-is-manipulated

Rickards: How Gold Is Manipulated

Authored by James Rickards via The Daily Reckoning, Is there gold price manipulation going on? Absolutely. There’s no question about it. That’s not just an opinion. There is hard statistical evidence to make the case, in addition to anecdotal evidence and forensic evidence. The evidence is very clear, in fact. I’ve spoken to members of…
rickards:-world-on-knife-edge-of-debt-crisis

Rickards: World On Knife-Edge Of Debt Crisis

Authored by James Rickards via The Daily Reckoning, Herbert Stein, a prominent economist and adviser to presidents Richard Nixon and Gerald Ford, once remarked, “If something cannot go on forever, it will stop.” The fact that his remark is obvious makes it no less profound. Simple denial or wishful thinking tends to dominate economic debate.…
rickards:-trade-wars-just-getting-started

Rickards: Trade Wars Just Getting Started

Authored by James Rickards via The Daily Reckoning blog, Markets are eagerly awaiting the conclusion of the so-called “phase one” trade deal between the U.S. and China. Both parties are trying to reach a mini-deal involving simple tariff reductions and a truce on new tariffs along with Chinese purchases of pork and soybeans from the…
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