SCAM ALERT: Resisting Rickard’s Road to Ruin Gold Racket

rickardsAn impending “government’s secret plan to freeze your money” is part of the same rant as Jim Rickard’s previous warnings about a ” 70% stock market crash”, “$100 trillion meltdown” and  A “coming catastrophe”.  None of these happened.   Yet, Jim Rickards continued to bombard consumers with spam in webpages and email with his doomaggedon rants.   But Rickards isn’t sharing his alarmist point of view out so that unsuspecting US citizens can protect themselves.   No, Mr. Rickards wants your money.   He’s selling you on his doom-saying book about how money is no longer safe as well as a site called “Money Morning” which houses other doom merchants and scaremongers.    Before you share your hard-earned money with Mr. Rickards and his associates,  we urge you to consider the following:

  • This time around, Rickards asserts that the “global elites” have a “terrifying plan” to freeze all of your assets.  Gold, he asserts, is the only answer.    Recall that back in 2013, Mr. Rickards claimed that beginning in 2015, the U.S. will fall into a 25-year Great Depression.  Mind you, this would be longer than that other Great Depression that lasted about 15 years.  (notably, in a Reuters interview, when asked about when this would happen he  concedes “I don’t know any more than anyone else”.   While Trump’s 2016 victory may have plunged approximately half of the U.S. population into a deep depression, this isn’t what Rickards was talking about in his books.  He never even mentioned Trump.   But he did claim with unwavering certainty that:
  • The CIA created something called “Project Prophecy” which actually predicted a 2006 terrorist attack.  (shockingly, there are thwarted terrorist attacks every year…..who would have predicted?)
  • The nation’s debt has been systematically used to grow our economy  (Ah, there we go…..joining the legions of debt-obsessed apocalyptic doomsayers who have been preaching financial failure for decades)
  • The system is “about to collapse”

These are the oft-used catch phrases of a large number of doom-preaching self-styled financial advisers who are looking to take your money and make investments that they view as “safe” when everything goes to hell in a handbasket.   Is it a scam?  Perhaps not, as he is offering information, even though it may be skewed.    Is it fraud?   Again, probably not, as these people may actually believe their dire warnings.   But Mr. Rickard and the ranters at Money Morning are one of many such financial doomsayers.   They include dubious experts such as  Porter Stansberry,  Dave Hodges,  Jeff Berwick,  Jeff Thomas and just about every gold bullion seller in the world.

Here’s our beef with these (mostly) gentlemen who are so pessimistic about America’s future.   If Rickards and his fiends/friends really believe this alarmist fare, then best of luck to them.   But what they really want is your money.  It starts with $39.50 for a one-year subscription to even more of his marketer-crafted blood-pressure-raising blabber.    For $79, you qualify for an ‘Executive Package’ that includes four books full of this fear-mongering.  Rickards also wants you to buy his book “Road to Ruin.    As with his previous books, Rickard’s prescription to financial wellness during his coming Armageddon is gold, real estate, art, hedge funds and cash.   Ugh!   These are all very complex investments, with fine art being among the most challenging.   No surprise then, that you’ll need to pay for his guidance to make it through the financial mine field that he’s about to lead you into.

Folks, it is your business and only your business to decide whether you want to short America and accept the angst-mining and fearmonger of authors like Rickards and the other Money Morning mad-at-America-men.  Although do keep in mind that there is a direct correlation between aging and being fearful.    In fact, anxiety is a documented common illness among older adults, affecting as much as 15- 20% of seniors.   The marketing approach used by these financial advisors are designed to prey upon seniors who are already disposed towards anxiety-based phobias.  And they are doing so using very cleverly designed sales pitches that push one’s hot button concerns and fears.

If you are over age 50 and are beginning to share the concerns of these financial phobia-peddlers, we encourage you to first do a serious assessment of your own psyche.    Are you feeling fearful or concerned about the future?   Any signs of mild-depression?   Is life seeming more and more meaningless and out-of-control?   Before you subject yourself to a financial fleecing by opportunistic marketers, conduct your own personal assessment.   Make sure that you consult with others before putting your money into the many fiscal horror-hucksters who reside in the online nethersphere.  If you really need to fear something, we encourage you to fear so-called financial Chicken Littles who seek your money so they can spread their gloom and doom gospel.

This brings us back to Mr. Rickards.   Because this is America, we’d fight for his right to air his opinion.   But there are many observers who don’t share his point of view and, beyond that, believe his analysis to be skewed.    He is clearly a bright man and his insights into the global banking system that could help inform the debate on global monetary policy.  But he’s not selling a policy book.   He’s exhorting individuals to substantially change their investment portfolios and plunge their assets into very challenging and risky investment vehicles.   We encourage you to read some of the articles below before you invest in anything that Mr. Rickards and his associates are pitching:

Rickard’s IMF SDR proposal

Rickards on gold confiscation

Rickards on Insider Trading by banks

Rickards’ Misinformation on Gold

Rickards on the Fate of the Dollar

Forbes on Rickards

8 replies
  1. Bob Duncan
    Bob Duncan says:

    I came here after googling ‘Jim Rickards scam’ and found what I was looking for. And presented in a very wry and amusing way. One of Jim Rickards’ associates has found my business email and is touting his book ‘The Road to Ruin’, and I wanted to confirm my suspicions. Anyone who claims to know the government’s secret plans has to be looked at very carefully…
    Well done, from someone over the pond.

    Reply
    • Cientxa
      Cientxa says:

      The catch behind the $4.95 is that you accept as part of the deal to pay $99 per month for access to his business reports, blog, etc.

      Reply
  2. onlytruth
    onlytruth says:

    people be careful to buy these scams.
    even if you buy it to test it, change your card, because they will try to charge your card again.

    and there is no way you can reach these scam artists

    Reply
  3. Alf
    Alf says:

    Don’t be fooled by him. He is a damn thief. If he is really care about his fellow countrymen then he should give away his worthless books for free.

    Reply
  4. DAve
    DAve says:

    Hi,
    Thanks you guys for the alert. That CIA bastard almost stole my $4.95. After more research I found out that he is part of the Agora Mafia in Delray Beach, Florida. Crooks every one of them. I once went to one of their seminars and talked to some fat guy that handled their email spamming system. They run dozens of those financial newsletters. I flat out asked him what is the normal subscription time for a newsletter subscriber. He answered – wait for it ….. 3 MONTHS !. So it takea a normal person 3 months to figure out those guys are scammers. That is why they have to keep spamming you with offers – upsells, etc. The fat guy said that sending 3 emails daily is normal to the… Should be illegal. They should all be sued for fraud.

    D

    Reply
  5. Linda Schultz
    Linda Schultz says:

    I just received an email from Jim Rickards saying he wants to give me the book for free. He’s only asking for my address so that he could send it to me. I googled it guessing I would see a scam where they would want a ridiculously high shipping and handling fee. Instead I find this site that seems to be taking his books and ideas very personal. This ‘Road To Ruin’ from Jim Rickards article is written about with such personal feelings that I don’t believe for one second that it’s unbiased.

    Reply
  6. Rick Silverman
    Rick Silverman says:

    I have been a supporter of Jim Rickard for a while as he is undeniably smart. Although I am now questioning how successful and honest Bill Bonner and himself are. The trades on Strategic Intelligence since inception are overall loosing money or at best a wash. Also recently I subscribed to Jim Rickard’s Project Prophesy based on insider’s suspicious trading which is a good idea. The sale pitch presents 15 to 20 option trades with high returns on a short number of days. Upon accessing the subscription you can realize that those trades were never placed and were probably only back tested and that in between the many open/closed trades there are mostly losing trades and a few winning trades for an overall huge loss. Nobody can trade that and of course the customer service sticks to the non-refundable claim despite the flagrant misrepresentation.

    Reply

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