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written by reader Countdown to Crisis new program offered by Jim Rickards — ongoing programs: “Strategic Investor”, “Strategic Intelligence”– Paradigm Press

By krazykat201, March 14, 2022

I just listened to an hour pitch presentation by Jim of a new program to return “large” gains from the coming gains of the
expected stock market “Crisis”. Jim claims, starting this Wednesday, Mar 16 the FED is expected to announce interest rate
increase (which is probable) and at least 2 additional increases this year. The rate increases will cause selected stocks to large decreases in value
and he has a “proven” method to identify the stocks which will decline and use put options to reap “large” returns.
Any body see his pitch and have comments? Track record of Jim Rickards? My search did not find any information other than his pitch.

Sherman

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Travis Johnson, Stock Gumshoe
November 14, 2022 10:32 am

I haven’t written about a Jim Rickards pitch in a while, mostly because it gets quite boring — he reminds us that he worked on predictive analytics for the CIA, and that he was involved in the rescue of Long Term Capital Management (though he was involved as their lawyer), and then he tells us about the impending doom… with the pitch growing ever more “lunatic fringe” over the years.

He may well be right about the demise of the dollar, and about the growing problems with lack of financial privacy and the rise of non-US currencies as the world splits to some degree, and as our debt becomes unsustainable. The slow decline of the dollar has been the prevailing trend for a good 40 years now, since the world went off the gold standard… but every other currency has declined, too, and most of them have declined more.

His solution is essentially always some variation of “precious metals” — he has occasionally thrown in something like Bitcoin or another cryptocurrency as another “escape the dollar” idea (I bet he has dropped that now, after the FTX implosion), and some of his picks have been bets for or against foreign currencies through ETFs and options, as he predicted for years that the IMF would drop the dollar and create its own currency (one of the dumbest predictions he has made, but seemingly attractive to those who fear the “black helicopters” and the nebulous idea that the globalists are coming to steal our children and eat our pets — the IMF, of course, is largely controlled by the United States), but most of the pitches are really just “escape to gold” ideas, generally some slightly esoteric way to own precious metals or some mining stocks. If you bought them when gold prices were down, like in early 2015 or mid-2018, you probably did fine with those… if you bought when gold was more popular, like in mid-2016 or after the COVID collapse in 2020, you probably didn’t do so great.

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chiro85
chiro85
November 20, 2022 1:32 pm

Jim Rickards is the “Chicken Little” of newsletter writers. He never saw a market that wasn’t about to destroy itself. He is a gloom-and-doom guy. Usually, wrong about investments and political outcomes.

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liberallez
liberallez
November 24, 2022 11:44 am

Actually…the “globalists” are coming to “steal our pets and eat our children.”

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jbmaverick
March 29, 2023 10:55 pm
Reply to  liberallez

I knew it!!

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liberallez
liberallez
November 24, 2022 12:04 pm

I just watched most of that (very expensive) pitch and in it, it says the “doom date” is Tuesday, November 2!!! That puts it at almost exactly one year ago!!

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pdglynn
Irregular
November 17, 2022 1:14 pm

Oh so glad to see you just wrote about him. I subscribe to strategic intelligence, so I get emails from him all the time selling products. Was just about to get hooked into his latest – weekly zoom calls for $39 a month.

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bwork53
Irregular
December 9, 2022 11:41 am
Reply to  pdglynn

Get ready for a lot of craziness.

pdglynn
Irregular
November 17, 2022 1:27 pm

I just got an email from Jim Rickards inviting me to join his weekly Friday Zoom calls for $39 a month. I will be interested if any comments come up in this site about his weekly zoom call specifically. I t was tempting, so decided to go to this site to see what everybody had to say. Fortunately there were some recent comments to help me reconsider. He is definitely different and is always selling enticing options to get information about what is going on. I have passed on all of them except (I am a long time subscriber to Strategic Intelligence) because they are usually very expensive.

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Mo Jo
Guest
Mo Jo
January 13, 2023 7:11 am

Jim was right about the interest rate hikes started from Mar 2022 and the consequent doom and gloom (I lost a ton of money in 2022 due to the rate hikes decimating tech). His economic, financial research is credible.
BUT
I subscribed to his “Countdown to Crisis” and “Strategic Intelligence” newsletters from around Sept-Oct 2022 and so far it has had a dismal track record of PUT option recommendations – almost 90% trades have lost most of the money either cos they don’t do enough short term market analysis to have even a remotely correct sense of timing (ie the Put expiry is almost always wrong ie. too short) or the thesis on the stock falling turns out to be plain wrong.
I’ve lost a ton of cash on their recommendations too. Tesla crash was the only thing they got right.
I mostly just read their research for informational purposes and don’t invest based on their recos anymore.

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CHARLES FLOWERS
February 9, 2023 9:13 pm

I subscribed to Rickards’ “Countdown to Crisis.” So far, his closed 2022 trades have yielded a negative $4,500 in my account The open 2023 trades are negative $3,000 in my account. He did get one right recommendation with the NKE December options. If the world collapsed completely, then he may finally be correct but that’s not happening, at least not now. As I said before in an earlier post regarding about Money Map Press, even a broken clock is correct twice a day. I wasted my time and money with his service. His promises for 5-6 600% winners during the subscription failed miserably. I have only myself to blame for not deleting his emails and saving my funds.

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jbmaverick
March 29, 2023 10:54 pm

He’s right, Charles – there IS a countdown to crisis – the crisis that Rickards has created in your investment capital! 🙂
Seriously, I’m sorry that you followed some recommendations that turned out to be bad ones – we’ve all had that experience. Live and learn.
Best wishes, God bless,
Jack

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Jeff
Guest
Jeff
March 20, 2023 5:41 pm

Thank you for that. I talked to Jim years ago in DC before he got involved in the newsletter business.
He said he knew nothing about stock picking and was only a macro guy. The newsletter are only using his name to get subscriptions. I did invest in one of his gold mining stock recommendations from Strategic Investment and so far I am down $15,000. I do think he is a good macro economic teacher but he is not, nor is his team, good investment advisors.

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Dave
Dave
June 7, 2023 9:39 am
Reply to  Jeff

Maybe Gold will rebound June 24th. 😉

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Bernie Ryan
Guest
Bernie Ryan
April 10, 2023 2:07 pm

Countdown to Crisis – trading advice terrible only one option trade (Tesla) was winner, keep loses down by trading spreads and looking for at best to double your money

Chuck E
Member
Chuck E
April 20, 2023 10:22 am

I recently signed up for Strategic Intelligence Report for $49. I didn’t realize that he was associated with Agora. I should have researched Rickards on Stock Gumshoe first. I did look at his recommended stocks and it looked like they all were underwater. Now he’s pitching a trading service that uses the “Kissinger Cross”. Lol. I’m mostly invested in index funds and I plan on going down on the ship with my comrades. I could have used that $49 to buy a brisket to cook on the grill. Live and learn. Repeat.

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Justin Munoz
Member
Justin Munoz
June 18, 2023 3:35 am

Rickards is a wise man, but a fool at picking the jerk offs that give his stock advice. Dan Amos is the one whom produces a steady stream of losing picks. And then when they can take the 5 to 10% gain they celebrate it as if they just made a billion dollars. It’s sad. What’s worse is when you hear the advertisements for strategic intelligence or currency Wars or some of his other newsletters or services they tout like they made some historic gains in every pic. If you would have done this when I said you’d have gotten 10,000% gains on your money or crazy stuff like that and the sad reality is most of his pics are complete losers or Dan amos’s pics I mean.

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undercover
June 18, 2023 4:08 pm
Reply to  Justin Munoz

Yes, and beyond this point I saw the currency trades generate reckless losses.

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Dave
Dave
November 7, 2023 7:54 pm

Rickards is talking about his “Kissinger Cross” today. One free trade

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Normally Dubious
Irregular
March 17, 2024 1:52 pm

Several times in 2023, Rickards gave an exact date and time that the crisis would increase — each of these were the dates of the Fed decisions on interest rates, but none of those times did the financial world start
to crater. Now (March 2024) he is talking about “Biden Bucks” and the whole effect they’ll have on
our personal economies. He’s now touting a COMPLEXITY THEORY that less than 10 people in the world know about….but we can learn about it when we subscribe to Strategic Intelligence, not for $99 but if you order right now, $49 a year.

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Bruce Workman
Guest
March 17, 2024 2:44 pm

Every time I see a reference to a retired CIA analyst or Paradigm Press or Jim Rickards, I unsubscribe from that email. Except, of course today.

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Thomas Fish
Guest
Thomas Fish
March 24, 2024 6:13 pm

Fraud??? Be careful…Was billed twice for $1995.

Bruce Workma
Guest
March 24, 2024 8:14 pm
Reply to  Thomas Fish

Me too, and then I lost money on his out of the money puts.

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