Is Jim Rickards insane?Or is someone making him look that way? His bubble score push picks rarely pay off, and he seems to see everything as a convoluted conspiracy. I quit reading his posts because I feel sorry for the man. Doesn’t he have friends to tell him he is making a fool of himself?
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I agree, he has gone off the rails. The amount of repetitive rantings has become intolerable. He looked credible to me at first and raised some good observations of world events and the markets but now he’s a doomsday machine. I’m done.
Also it seems the entire Oxford Club is heading in this direction as they bring on more and more financial blow hard “savants and experts”. I used to like Marc Lichtenfeld for his dividend stock picks but he has been pumping out one get rich quick scheme after another and they are not cheap.
Too bad, I feel they will loose all credibility saturating their members with these offers and chasing the quick buck.
Rickards’ message hasn’t changed much in the past decade — he’s been shilling essentially the same fear story since he really started to leverage his name in the newsletter world, which as I recall was late 2015 or 2016. I’ve written about his ads a few times, but it gets tiresome to cover the same story over and over — in 2016 it was the “globalists” scuttling the dollar and replacing it with the SDR, which defied logic (the dollar is most of the SDR), now it’s mostly the fear-mongering over the FedNow transfer service and the potential FedCoin to come next year.
FedNow could be tough for the banks, giving them less of a middleman role in money movement, though not quite as tough as the new rule that cuts “late fees” for credit cards from $40 to $8. It won’t have much impact beyond that, I expect, but the fear marketing is that it will set up the rails on which FedCoin can run, and that FedCoin will be a version of the dollar that’s more easily controlled than cash.
We’ll see. But the more time you spend worrying about Rickards’ prophesies of doom, probably the worse off your portfolio will be.
“Or is someone making him look that way?” You may be onto something, but that’s not what ‘friends’ do. Maybe a couple of stylish hats.
Couldn’t agree more. He has morphed into a conspiracy nut job.
I usually look at what he says and do the opposite. Now its currency wars.