The Daily Reckoning Recent Articles

Not Yours To Give

David Crockett

One day in the House of Representatives a bill was taken up appropriating money for the benefit of a widow of a distinguished naval officer. Several beautiful speeches had been made in its support. Then Col. David Crockett arose, and spoke on the both nobility of charity and why it has absolutely no place within the government. Read on...


Greece and the New Colonial Endgame

Charles Smith

With the bankruptcy of Greece now undeniable, we've finally reached the endgame of what I call the “Neocolonial-Financialization Model”. Charles Hugh Smith illustrates a power shift from political to financial control of Europe’s new colonial structure…


To Die and Let Live

Addison Wiggin

Addison Wiggin discusses the importance of “creative destruction” and why modern civilization, especially in capitalist societies, is determined to ignore it.


The Real Reason the Global Economy is Such a Mess – and How to Fix It

Steve Forbes

Why is the global economy such a mess? Why can't the world's foremost economists and financial thinkers seem to get it right? Simple... They don't understand the most basic element that makes up an economy: money. And as Steve Forbes explains, it all stems from the incorrect assumptions of a general theory of money. Read on...


Notes From the “House of Cards”

Chris Mayer

The reason you shouldn’t pay attention to the Fed, geopolitics or other “distractions”… why you should stop focusing so much on stock market indexes... why tangible assets are not an inflation hedge… and more!


A Sense of Optimism Sets In For Greece

Chuck Butler

Chuck Butler explains why a new recession is near, while a sense of optimism regarding Greece lingers in the Eurozone with only 8 days left in the month. Plus, could a liquidity problem bring the Fed back to the bond buying table? All that and more in today's Daily Pfennig...


Deflation and Disruption

James Rickards

The Fed can't tolerate deflation because it increases the real value of debt and jeopardizes the banks. Will the Fed be forced to return to its inflation tool kit of quantitative easing and currency wars? Jim Rickards explains all this and more...