A New Gold Standard: Will It Be Orderly Or Chaotic?

A New Gold Standard: Will It Be Orderly Or Chaotic?

Jan 10, 2020 | News

Over the past century, monetary systems change about every 30 to 40 years on average. Before 1914, the global monetary system was based on the classical gold standard. Then in 1945, a new monetary system emerged at Bretton Woods. I was at Bretton Woods this past...
Skyrocketing Costs Will Pop All The Bubbles

Skyrocketing Costs Will Pop All The Bubbles

Dec 23, 2019 | News

The reckoning is coming, and everyone who counted on “eternal growth of borrowing” to stave off the reckoning is in for a big surprise. We’ve used a simple trick to keep the status quo from imploding for the past 11 years: borrow whatever it takes to keep paying the...
Rickards: World On Knife Edge Of Debt Crisis

Rickards: World On Knife Edge Of Debt Crisis

Dec 20, 2019 | News

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...