Quick Facts
Biography
James Dale Davidson is an American private investor and investment writer, co-writer of the newsletter Strategic Investment, and co-author with William Rees-Mogg of Blood in the Streets: Investment Profits in a World Gone Mad (1987), The Great Reckoning (1991), and The Sovereign Individual (1997). He also wrote The Plague of the Black Debt - How to Survive the Coming Depression in 1993 where he incorrectly predicted that as part of a "deep depression...Clinton is going to be a one-term president...I am as sure of this as I am that the sun will rise tomorrow" and that the national debt would increase by a trillion dollars during Clinton's "one-term" presidency. He further wrote in the book that Boris Yeltsin, President of the Russian Federation, would lose his job and that Russia will come under the control of a nationalist, militarist regime. He has been credited with predicting the U.S. Subprime mortgage crisis, though much earlier than it actually occurred.
Davidson is also the founder and former head of the National Taxpayers Union. On his website, Davidson is said to be a "famous economist", and although he has written several books on economic analysis, he has not taken any formal university degree in that field or published in any peer-reviewed journal.
In his books and his monthly newsletter, Strategic Investment, Davidson has promoted conspiracy theories claimed to link the Clinton administration to the death of Vince Foster, a Deputy White House Counsel during the first half-year Clinton's administration. Foster's death was deemed a suicide by five official or governmental investigations.
Davidson is an original investor and board member of the conservative news site Newsmax Media, and in February 2010 posted a video on the related website AftershockProfits.com, claiming that "supposed improvements" to economy during the Clinton administration were "faked by the government" and a "hoax."