Author: Daily Reckoning

COVID Will Fade, BUT…

COVID Will Fade, BUT… by James Howard Kunstler for Daily Reckoning The absence of the big orange You-Know-Who at center stage of American life has changed the mood of the scene from a five-alarm fire to just another day in...

It’s a Game of Musical Chairs

It’s a Game of Musical Chairs BY JAMES RICKARDS for Daily Reckoning The world was recently mesmerized by the ability of the Bros (short for “brothers”), a crowd of like-minded, mostly male millennials, to increase the price of GameStop from $20...

Green New Deal Is Underway

Green New Deal Is Underway BY JAMES RICKARDS for Daily Reckoning By now, you’ve heard of the Green New Deal, an ambitious agenda to decarbonize the economy. The overall Green New Deal calls for ending the use of oil and natural...

“It Can’t Happen Here”

“It Can’t Happen Here” BY JAMES RICKARDS for Daily Reckoning The Federal Reserve printed $4 trillion in the years following the 2008 crash, expanding its pre-crisis balance sheet of about $900 billion to roughly $4.5 trillion. Many people thought, if hyperinflation...

The Money of Kingdoms and Empires

The Money of Kingdoms and Empires BY JAMES RICKARDS for Daily Reckoning While gold gets most of the headlines (for good reason), silver is often ignored. Silver is sometimes referred to as “poor man’s gold.” But it shouldn’t be ignored. Silver...

Financial Warfare Is Real

Financial Warfare Is Real BY JAMES RICKARDS for Daily Reckoning In my 2011 book, Currency Wars, I gave a detailed description of the first-ever financial war game sponsored by the Department of Defense. This financial war game took place in 2009...

Good News and Bad News

Good News and Bad News BY JAMES RICKARDS for Daily Reckoning As of yesterday, nearly 15 million Americans have tested positive for COVID-19, while over 281,000 people with the virus have died. Caseloads are actually higher than they were in April...

Did They Steal the Election From Trump?

Did They Steal the Election From Trump? BY JAMES RICKARDS for Daily Reckoning Was Trump’s reelection stolen? That’s a big claim, and it will require clear and convincing evidence to back it up. So far, allegations have been made, but the...

The Real Source of America’s Frustrations

The Real Source of America’s Frustrations BY CHARLES HUGH SMITH for Daily Reckoning It’s easy to lay America’s visible frustrations at the feet of Covid lockdowns or political polarization, but this conveniently ignores the real driver: systemic unfairness. The status quo...

Here Comes the New Recession

Here Comes the New Recession BY JAMES RICKARDS for Daily Reckoning Let’s start with the basics. There’s no evidence that lockdowns work to stop the spread of coronavirus. None. This is not guesswork. After ten months of the pandemic, we...

The American Empire at Sunset

The American Empire at Sunset BY BRIAN MAHER for Daily Reckoning The year is 1991… Contrary to Mr. Khrushchev’s boast decades prior, the United States had buried the Soviet Union. Its forces had just trounced the world’s fourth-largest army — Iraq’s...