Jim RickardsJim Rickards

James G. Rickards is the editor of Strategic Intelligence, Crash Speculator, Gold Speculator and Tactical Currency Profits. An Ex-CIA insider, he is also an American lawyer, economist, government advisor and investment banker with 40 years of experience working in capital markets on Wall Street. He was the principal negotiator of the rescue of Long-Term Capital Management L.P. (LTCM) by the U.S Federal Reserve in 1998. His clients include institutional investors and government directorates.

His work is regularly featured in the Financial Times, Evening Standard, New York Times, The Telegraph, and Washington Post, and he is frequently a guest on BBC, RTE Irish National Radio, CNN, NPR, CSPAN, CNBC, Bloomberg, Fox, and The Wall Street Journal. He has contributed as an advisor on capital markets to the U.S. intelligence community, and at the Office of the Secretary of Defense in the Pentagon. He has also testified before the U.S. House of Representatives about the 2008 financial crisis.

Rickards is the author of The New Case for Gold (April 2016), and four New York Times best sellers, Currency Wars (2011), The Death of Money (2014), The Road to Ruin (2016), and Aftermath (2019) from Penguin Random House. And his latest book, The New Great Depression was published in January 2021.

Oil and Gas Production Is The West’s Most Potent Weapon

An immediate increase in oil and gas exploration would be far more effective and lasting than banking sanctions against Russia, which risk uncertain worldwide financial and economic blowback. The dominant theme in the weeks ahead is likely to be market discovery of which discretionary products and services may get “priced out” of the Western consumption menu by crisis conditions in oil supply. This will affect the stock price of companies we will focus on in future recommendations.

The RUB Collapse Will Ripple Well Beyond Russia

The RUB collapse can presage major instability in the international monetary system. Unlike a stock market crash, this kind of inter-bank distress does not happen all at once and can take days or weeks to play out. Still, those ripple effects or spillovers are coming. These types of markets are dangerous for investors who are unfamiliar or not paying attention. But they’re ideal for finding winning trades using the C.O.B.R.A method.