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, The Death of Money: The Coming Collapse of the International Monetary System, published in 2014, The New Case for Gold, published in 2016, and The Road to Ruin: The Global Elites' Secret Plan for the Next Financial Crisis, also published in 2016.

Biography[edit]

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. 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.[2]

As general counsel for the hedge fund Long-Term Capital Management (LTCM),[3] Rickards worked on Wall Street for 35 years.[4] Rickards was the senior managing director for market intelligence at Omnis, Inc.,[5] a consulting firm.[2] On March 24, 2009, Rickards presented his view at a symposium at Johns Hopkins, that the U.S. dollar was facing imminent hyperinflation and was vulnerable to attack from foreign governments through the accumulation of gold and the establishment of a new global currency.[6]

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.[7]

Publications[edit]

Rickards' first book, Currency Wars, was published on November 10, 2011, by Portfolio, an imprint of Penguin Group.[8] 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.

Rickards' second book The Death of Money was released on April 8, 2014 and was a New York Times bestseller. His third book The New Case for Gold was released on April 5, 2016. His fourth book The Road to Ruin: The Global Elites' Secret Plan for the Next Financial Crisis was released on November 15, 2016.

In The Road to Ruin, Rickards propagates the idea which was first articulated by the Indian economist Arvind Kumar in the Indian newspaper Daily News and Analysis and which rang the alarm bells that the combination of negative interest rates and cashless currency was a design to destroy the savings of people.[9][10][11]

Selected articles

References[edit]

External links[edit]