James Rickards

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James G. Rickards is an American lawyer. He is a regular commentator on finance, and is the author of The New York Times bestseller Currency Wars: The Making of the Next Global Crisis, published in 2011, and The Death of Money: The Coming Collapse of the International Monetary System, published in 2014.


Rickards graduated from Lower Cape May Regional High School in Cape May, New Jersey, in 1969.[1] He graduated from The Johns Hopkins University in 1973 with a B.A. degree with honors and in 1974, from the Paul H. Nitze School of Advanced International Studies in Washington, D.C. with an M.A.[2] in international economics. He received his Juris Doctor from the University of Pennsylvania Law School and an LL.M in taxation from New York University School of Law.[3]

As general counsel for the hedge fund Long-Term Capital Management (LTCM),[4][5] he was the principal negotiator in the 1998 bailout of LTCM[6] by the Federal Reserve Bank of New York.

Rickards worked on Wall Street for 35 years.[7] Rickards was the senior managing director for market intelligence at Omnis, Inc.,[6] a consulting firm.[3] On March 24, 2009, Rickards presented his view at a symposium at Johns Hopkins, that the U.S. dollar is vulnerable to attack from foreign governments through the accumulation of gold and the establishment of a new global currency.[8]

On September 10, 2009, Rickards testified before the U.S. House of Representatives about the risks of financial modeling, VaR, and the 2008 financial crisis.[9]

As of February 2015 Rickards is described as "Financial Threat and Asymmetric Warfare Advisor CIA & The Director of National Intelligence" on websites and in emails sent out warning of imminent financial collapse in the United States. These websites and emails (for example, the Money Morning website article '5 Sure Signs the US Economy is finished') imply that he has held, or holds, official posts with US intelligence, defence, and security agencies: for example as "a financial market advisor to the Office of the Director of National Intelligence", and as the "architect" of "Project Prophecy", described as a CIA system devised to predict financial meltdowns. However, RIckards has never had any such official association with any such US agency. There is no evidence that "Project Prophecy" has ever had any official sponsorship from the CIA, or indeed that it actually exists in any form apart from as a name in Rickards postings.


Rickards' first book, Currency Wars, was published on November 10, 2011, by Portfolio, an imprint of Penguin Group.[10] In it, Rickards argues that currency wars are not just an economic or monetary concern, but a national security concern. He maintains that the United States is facing serious threats to its national security, from clandestine gold purchases by China to the hidden agendas of sovereign wealth funds and that greater than any single threat is the very real danger of the collapse of the dollar itself. Rickards explains that the Federal Reserve is involved in what he calls "the greatest gamble in the history of finance," via a sustained effort to stimulate the economy by printing money on a trillion-dollar scale.

Rickard's second book, The Death of Money, was released on April 8, 2014.

Selected articles


  1. ^ Alumni members Caper 10 Alumni Association. Retrieved May 15, 2011
  2. ^ "Gifts by Alumni and Friends of The Johns Hopkins University" (PDF) Johns Hopkins University. "Scholarships, Fellowships, Awards, and Prizes", p. 572. Retrieved May 15, 2011
  3. ^ a b "James G. Rickards, Senior Managing Director for Market Intelligence" Omnis, Inc. Retrieved May 13, 2011
  4. ^ Bei Hu, "China Is in Midst of 'Greatest Bubble in History,' ex-LTCM's Rickards Says" Bloomberg (March 17, 2010). Retrieved May 14, 2011
  5. ^ "LTCM General Counsel: 'The U.S. Stared Near-Catastrophe In The Eye, With LTCM, And Decided To Double Down.'" Zero Hedge (March 4, 2010). Retrieved May 13, 2011
  6. ^ a b "Omnis's Rickards Interview March 24 on Middle East Unrest" Bloomberg News (March 24, 2011). Retrieved May 13, 2011
  7. ^ Kathryn M. Welling, "Threat Finance: Capital Markets Risk Complex and Supercritical, Says Jim Rickards" (PDF) welling@weeden (February 25, 2010). Retrieved May 13, 2011
  8. ^ "A sneak attack on the U.S. dollar?" Politico (April 1, 2009).
  9. ^ "Testimony of James G. Rickards, Senior Managing Director for Market Intelligence, Omnis, Inc., McLean, VA" (PDF) U.S. House Committee on Science, Space and Technology (September 10, 2009). Retrieved May 16, 2011
  10. ^ Book website Retrieved November 2, 2011

External links[edit]