Jim Rickards – X, Released on 8/4/25

Someone should give the Trump team a lesson in economics and markets. Their sanctions on Russia raise the price of oil, which just makes Russia richer. To stop the war, end the sanctions, flood the market and get oil to $40.00. That's when Putin caves.https://t.co/zPbPm5R8KR

— James Rickards (@RealJimRickards) August 4, 2025

Jim Rickards is a lawyer, investment banker and economist with over thirty years’ experience in capital markets. He is currently Chief Global Strategist at Meraglim. He advises the Department of Defense, the U.S. intelligence community, and major hedge funds on global finance, and served as a facilitator of the first ever financial war games conducted by the Pentagon. A frequent guest on financial news programs, Rickards is also the author of The New York Times bestselling novels Currency Wars: The Making of the Next Global Crisis and The Death of Money. His latest book is Sold Out: How Broken Supply Chains, Surging Inflation, and Political Instability Will Sink the Global Economy.