Author: Daily Reckoning

Central Banks Driving Gold

Central Banks Driving Gold by Jim Rickards for Daily Reckoning Gold as an asset class is confusing to most investors. Even sophisticated investors are accustomed to hearing gold ridiculed as a “shiny rock” and hearing serious gold analysts mocked as...

Central Banks: Gold’s Greatest Ally

Central Banks: Gold’s Greatest Ally by Jim Rickards for Daily Reckoning You’re likely aware of the price action in gold lately. Gold has rallied from $1,591 per ounce on April 1 to $1,782 per ounce as of today. That’s a...

The Fed Isn’t a Magic Money Tree

The Fed Isn’t a Magic Money Tree by Brain Maher for Daily Reckoning There seems to be no end to the Federal Reserve’s arrogance. Fed officials believe that through their wise actions, they can eliminate the business cycle, lower unemployment...

These Statues Must Come Down

These Statues Must Come Down by Brian Maher for Daily Reckoning Today we enter into the revolutionary spirit of the times… topple idols… and haul down statues. We will be declared subversive. We will be denounced as vandalous. The establishment...

REVEALED: The Fed’s Next Trick

REVEALED: The Fed’s Next Trick BY BRIAN MAHER for Daily Reckoning Today we lower our ear to the rail… and report the approach of a rumbling locomotive. Free and honest markets are roped to the tracks, squirming, writhing, sobbing. This...

“Stocks Only Go Up”

“Stocks Only Go Up” by Jim Rickards for Daily Reckoning How crazy have markets become lately? One new investor has said, “Stocks only go up,” while unemployed people are using their stimulus check to trade stocks: “It was basically free...

Goodbye, Free Market

Goodbye, Free Market BY JAMES RICKARDS for Daily Reckoning Fremdschämen. Fremdschämen is a noun of the German language. It translates this way: Embarrassment for those incapable of feeling embarrassment. Today we suffer embarrassment for Mr. Jerome Powell and his fellows...

Western Banking System Is Totally Broken, Totally Insolvent, Totally Corrupt

The Fed’s Forever War Against Savers

The Fed’s Forever War Against Savers BY BRIAN MAHER for Daily Reckoning The war on savers rages into its second decade. And yesterday Field Marshal Powell vowed indefinite bombing, shelling, machine-gunning and bayoneting… until the white flag rises over enemy lines....

Popular Delusions and the Madness of Crowds

Popular Delusions and the Madness of Crowds BY BRIAN MAHER for Daily Reckoning The oppressed rise to their feet. Police sink to their knees. Silence is violence. And violence is speech. From sea to glittering sea, from one continent to the...

Rise up, America!

Rise up, America! BY BRIAN MAHER Daily Reckoning Today we hoist the black flag of anarchy… and plot illicit acts. For the spirit of sedition steals over us. And passion overmasters our typical Olympian serenity. We may be declared infamous...

Why Gold?

Why Gold? by Jim Rickards for Daily Reckoning Why gold? That’s a question I’m asked frequently. It’s usually followed by a comment along the lines of, “I don’t get it. It’s just a shiny rock. People dig it out of...

“Burn, Baby, Burn!”

“Burn, Baby, Burn!” BY ADDISON WIGGIN for Daily Reckoning Not far from our house lies Pimlico race course, site of the Preakness, the middle leg of the Triple Crown each year. Horse racing is big, or at least pretends to...