Author: Daily Reckoning

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...

The “COVID Coup”

The “COVID Coup” by Charles Hugh Smith for Daily Reckoning What we are experiencing is a COVID coup. While Joe Biden (apparently) won the election, the entire process was dominated by COVID precautions and distortions. Nearly 80% of Joe Biden’s...

The Bogus Case Against Gold

The Bogus Case Against Gold BY JAMES RICKARDS for Daily Reckoning Gold is in the early stages of its third great bull run that will take it to record heights. The first two great bull markets were 1971-1980 (gold up 2,200%)...

Life Under Biden

Life Under Biden BY JAMES RICKARDS for Daily Reckoning It’s becoming increasingly evident that Joe Biden is likely to win the election. He’s now taken the lead in Pennsylvania, which Trump needs to win reelection. Biden’s also taken the lead in...

Democracy: The God That Failed

Democracy: The God That Failed BY BRIAN MAHER Daily Reckoning On this Election Day we trample sacred ground… trumpet a message of heresy… and offend the wrathful gods. For we challenge the cherished and soothing assumptions of democracy. In 2001, academic...

A Bigger Story Than the Election Itself

A Bigger Story Than the Election Itself BY JAMES RICKARDS for Daily Reckoning Tomorrow’s the big election we’ve been anticipating for months. It’s not an exaggeration to say that this is the most important presidential election since the 1860 election that...

The Fed MUST have Inflation

The Fed MUST have Inflation BY JAMES RICKARDS for Daily Reckoning The Fed says that “price stability” is part of their dual mandate and they are committed to maintaining the purchasing power of the dollar. But the Fed has a funny...

EXPOSED: Biden’s Deep Corruption

EXPOSED: Biden’s Deep Corruption BY JAMES RICKARDS for Daily Reckoning I try to limit my analysis to markets while leaving politics out of it, but sometimes I have no choice but to focus on politics. This is one of those times....

Your Personal Gold Standard

Your Personal Gold Standard BY JAMES RICKARDS for Daily Reckoning Elites are extremely hostile to the idea that gold should have any role whatsoever in the monetary system. To them, gold is truly a barbarous relic, as John Maynard Keynes was...

Silver Could Explode Within Weeks

Silver Could Explode Within Weeks BY JAMES RICKARDS for Daily Reckoning Do you have a flashlight, spare batteries and some duct tape stashed away for home emergencies like power outages or hurricanes? Of course you do. How about 100 ounces of...