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259By <strong><span itemprop="author"><a rel="author" href="https://dailyreckoning.com/author/adamsharp">Adam Sharp</a></span></strong><br /> Posted<br /><span itemprop="datePublished">October 1, 2026 </span></p> 260 </div> 261 </div> 262 </div> 263 <!--POST CONTROLS--> <div class="row meta-controls"> 264 <div class="small-12 columns"> 265 <ul> 266 <li> 267 <a class="print-btn"> 268 <svg viewBox="0 0 100 100"> 269 <use xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="#shape-print"></use> 270 </svg> 271 272 </a> 273 </li> 274 <li> 275 <a class="resize-btn"> 276 <svg viewBox="0 0 100 100"> 277 <use xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="#shape-resizetext"></use> 278 </svg> 279 280 </a> 281 </li> 282 <li> 283 <a onClick="window.open('https://www.facebook.com/sharer/sharer.php?u=https://dailyreckoning.com/lies-about-oil/', 'sharer', 'top=' + ((screen.height / 2) - 260) + ',left=' + ((screen.width / 2) - 175) + ',toolbar=0,status=0,width=520,height=350')" href="javascript:void(0);" class="social-btn social-fb" data-profile-event-name="share"> 284 <svg viewBox="0 0 100 100"> 285 <use xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="#shape-facebook"></use> 286 </svg> 287 288 </a> 289 </li> 290 <li> 291 <a onClick="window.open('https://twitter.com/home?status=https://dailyreckoning.com/lies-about-oil/', 'sharer', 'top=' + ((screen.height / 2) - 260) + ',left=' + ((screen.width / 2) - 175) + ',toolbar=0,status=0,width=520,height=350');" href="javascript:void(0);" class="social-btn social-twt" data-profile-event-name="share"> 292 <svg viewBox="0 0 100 100"> 293 <use xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="#shape-twitter"></use> 294 </svg> 295 296 </a> 297 </li> 298 </ul> 299 </div> 300 </div> </div> 301 302 <!-- HIGHLIGHT AND SHARE --> 303 <div id="share-highlight"> 304 <i class="fa fa-facebook" aria-hidden="true" id="facebook"> 305 <svg viewBox="0 0 100 100"> 306 <use xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="#shape-facebook"></use> 307 </svg> 308 </i> 309 <i class="fa fa-twitter" aria-hidden="true" id="twitter"> 310 <svg viewBox="0 0 100 100"> 311 <use xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="#shape-twitter"></use> 312 </svg> 313 </i> 314 </div> 315 316 <!--MAIN ARTICLE--> <div class="small-12 medium-10 columns single-article" id="single-article-body" itemprop="articleBody"> <h1 itemprop="headline">Lies About Oil</h1><p>In the energy world, all eyes remain on the Persian Gulf.</p><p>Crude oil exports from the region are increasing. But by how much? That question is hotly debated.</p><p>An official White House account on <strong><a href="https://x.com/RapidResponse47/status/2105679041093148968">X</a></strong> quoted a WSJ article today around noon:</p><blockquote><p class="blockquote">“With flows through Saudi Arabiaâs East-West pipeline recently restored, the 10-day average of crude exports from the Middle East has rebounded to 17.5 million barrels a day, or <strong>98% of prewar levels</strong>, J.P. Morgan analysts said.”</p></blockquote><p>If JPMorgan is correct, this is a major breakthrough. A return to 98% of pre-war crude exports would mean the U.S. strategy is working.</p><p>But 98%? Again, call me skeptical.</p><p>Earlier this week, a separate source said oil exports from the region returned to 93% of pre-war levels in September. The problem with that claim is that Saudi Arabiaâs primary pipeline was down due to drone strikes for about 2 weeks in September. That alone accounted for about 5 million barrels <em>per day</em>.</p><p>The source of much of this new data is tracking firm Kpler. They use satellite images and on-the-ground reports, among other data collection methods.</p><p>Itâs important to note that Kpler says the September data is both âprovisionalâ and âpreliminaryâ. So itâs essentially an educated guess.</p><p>Notably, Kpler also reports that Iranâs oil exports dropped to zero last month, from a peak of over 2 million barrels per day in February.</p><p><img decoding="async" class="aligncenter" src="https://images.ctfassets.net/vha3zb1lo47k/2wC70phRXOfRHZhdxMJDwp/71ad9cafbfd4785b4c5394e42f8fccc7/dr-img1-10-01-26.jpg" alt="image 1" width="540px" /></p><p>This claim looks solid. No oil tankers have been spotted filling up at Iranâs Kharg Island in a long time. It looks like the
316ir exports are finally cut off. This starts the clock ticking on an economic time bomb, but the fuse may burn for a year or longer.</p><p>And it seems that only oil exports are increasing. Bloomberg reports that liquified natural gas (LNG) shipments out of the Gulf are still only about 20% of pre-war levels. Refined fuels are similarly low.</p><p>Despite all the good news about oil exports, Brent crude moved up 3.29% as of 12:30pm ET today. Murban crude, which is the UAEâs oil benchmark, moved up 5.46%.</p><p><img decoding="async" class="aligncenter" src="https://images.ctfassets.net/vha3zb1lo47k/3GC1XpwsGiYJWDY5KFqUU8/9744835988379f06759d4d40406e00a2/dr-img2-10-01-26.jpg" alt="image 2" width="350px" /></p><p class="centered ntp" style="text-align: center;"><em>Source: OilPrice.com</em></p><p>The market isnât fully buying this â98% of pre-war levelsâ story. At least not yet.</p><p>Oil prices are still 55-70% higher than pre-war. This could be partially a transit and processing issue. It takes a while for oil to be refined into usable products, then shipped to its destination.</p><p>But there are three other factors we must consider.</p><ol><li>The optimistic data on oil exports from the Middle East could be wrong</li><li>Iran continues to hit tankers transiting Hormuz with anti-ship missiles</li><li>At any time, a volley of drones and missiles aimed at oil infrastructure could spoil the party (again)</li></ol><h2 class="centered subhead" style="text-align: center;"><strong>Data Wars</strong></h2><p>Tracking and measuring oil flows is trickier than it may seem. Oil is escaping the gulf today partially through a huge network of ships which transfer oil from one tanker to another.</p><p>Many of the tankers ârun darkâ with their AIS tracking systems turned off. So measuring exports requires detailed analysis of satellite imagery.</p><p>Even from space, a picture can tell analysts how much oil is in a tanker. They simply measure the shadow, and can tell how full it is by how deep it sits in the water.</p><p>But the problem is, thereâs been heavy censorship of satellite images over the Persian Gulf since early March.</p><p>So itâs difficult for anyone to confirm Kplerâs data.</p><h2 class="centered subhead" style="text-align: center;"><strong>A Cornered Animal?</strong></h2><p>One issue about all of this bothers me most. Iran is still hitting tankers and ships with missiles and drones in Hormuz.</p><p>For now, at least some brave captains and crew appear to be pushing through. But how long will shipping companies take the risk? The monetary rewards are great, but thereâs a chance that Iran just keeps firing missiles at adversarial tankers.</p><p>My fear is that even if our strategy is working, Iran could ramp up attacks on tankers and pipelines. Like a cornered animal, they are most dangerous when seriously threatened.</p><p>If they feel like they have no way out, another wave of infrastructure destruction becomes likely.</p><p>Donât get me wrong, more oil is getting out of the Middle East, and thatâs a good thing. But for now, I remain cautious.</p><p>I believe the reports saying weâre back at 90%+ of pre-war oil exports are far too optimistic. The U.S. just told France and Germany to release their emergency diesel stockpiles, or theyâll stop getting diesel exports from us.</p><p><img decoding="async" class="aligncenter" src="https://images.ctfassets.net/vha3zb1lo47k/2KzrHfeQkWE8lLULRKaimB/24489a616165a7df0b66136f369a76a0/dr-img3-10-01-26.jpg" alt="image 3" width="540px" /></p><p class="centered ntp" style="text-align: center;"><em>Source: <strong><a href="https://x.com/Reuters/status/2105631352036970841">X</a></strong></em></p><p>Would we be doing this if exports were truly back to normal levels? I doubt it.</p><p>And at any time, a few missiles or drones on Saudi Arabiaâs pipeline could set exports back 30% again. And if Iran ramps up attacks on tankers transiting Hormuz, then weâre back in an ugly spot.</p><p>Then thereâs the Houthis in Yemen, who have been firing missiles at Saudi oil infrastru
316cture over the past month. Things have cooled down a bit on that front, but could fire back up at the drop of a hat.</p><p>In short, weâre not out of the woods yet. The increase in oil exports is good news, but we donât know how much is truly getting out. And it may not last.</p><p>Some readers may be wondering why Iâm spending so much time monitoring the situation in the Middle East.</p><p>The outcome will greatly impact our positions in gold miners and oil producers. Gold miners thrive in a low oil price environment, and oil stocks are the inverse.</p><p>This is why I recommend owning some of both, at least for now. There will come a time to take profits on oil stocks, but I donât think weâre there yet.</p><p>My base case is that oil exports via Hormuz and the broader Gulf region remain crippled for far longer than most analysts currently project.</p> 317 318 </div> 319 </div> 320 </div> 321 </div> 322 323<div style="display: none;"> 324<span itemprop="publisher" itemscope itemtype="https://schema.org/Organization">The Daily Reckoning</span> 325 326</div> 327 328 329 </div> <!-- end .main-content --> 330 331 332 <!--Related Articles Box--> <div class="related-articles bg"> 333 <div class="row"> 334 <div class="small-12 medium-10 medium-centered columns"> 335 <div class="row"> 336 <div class="small-12 columns"> 337 <h3 class="utility-head">You May Also Be Interested In:</h3> 338 </div> 339 </div> 340 341 <div class="row"> <div class="small-12 medium-6 columns article-summary"> 342 <a href="https://dailyreckoning.com/gold-and-silver-vs-the-fed/"> 343 <div class="article-image"> 344 <img src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2014/11/Umbrella-Pig-225x125.jpg" data-img-src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2026/09/dr-hero-img-09-17-26-225x125.jpg" alt="Gold and Silver vs. The Fed"> 345 </div> 346 <div class="inner-text"> 347 <h3>Gold and Silver vs. The Fed</h3> 348 <div class="meta-text"> 349 <p> By Adam Sharp Posted September 17, 2026</p> 350 </div><p>Are higher rates bullish for precious metals? It dependsâ¦</p> 351 352 </div> 353 </a> 354 </div> <div id="openx-related-articles2" data-profile-event-name="openx"></div> 355
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385 386 </div> <!--END Author Bio Box--> 387 388 389 <!--Comment Box--> <div class="comment-box"> 390 <div class="row"> 391 <div class="small-12 medium-10 medium-centered columns"> 392 <div class="row"> 393 <div class="small-12 columns"> 394 <h3 class="utility-head">Comments:</h3> 395 <div id="disqus_thread"></div> 396 </div> 397 </div> 398 </div> 399 </div> 400 </div> <!--Comment Box--> 401 402 403 <!--Recently Added Articles Box--> <div class="recent-articles"> 404 <div class="row"> 405 <div class="small-12 medium-10 medium-centered columns"> 406 <h3 class="utility-head">Recently Added Articles:</h3> <div class="row archive-row" data-post-id="116724"><div class="small-12 columns article-summary horizontal"><a href="https://dailyreckoning.com/lies-about-oil/"><div class="row collapse"><div class="small-12 medium-5 large-3 columns"><div class="article-image"><img class="article-thumbnail-img" src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2014/11/Umbrella-Pig-225x125.jpg" data-img-src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2026/10/dr-hero-img-10-01-26-225x125.jpg" alt="Lies About Oil"></div></div><div class="small-12 medium-7 large-9 columns"><div class="inner-text"><h3>Lies About Oil</h3><div class="meta-text"><p> By <strong>Adam Sharp</strong><br />Posted October 1, 2026</p></div><p>Back to 98% of pre-war levels? 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429 430 <!--MAIN HEADER--> 431 <header class="main-header"> 432 <div class="row collapse"> 433 <div class="small-12 columns"> 434 <a href="/" class="main-logo"></a> 435<a class="menu-button"><svg viewBox="0 0 100 100" class="icon shape-hamburger collapsed"><use xlink:href="#shape-hamburger"></use></svg></a><ul class="main-menu hide-for-small"><li><a href="#" class="current expandable"> 436 Topics 437 <svg viewBox="0 0 100 100" class="icon shape-expand collapsed"><use xlink:href="#shape-expand"></use></svg></a><ul class="sub-menu hidden"><button class="close-btn"><img src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/themes/drthree/svg/close.svg"></button><li><a href="https://dailyreckoning.com/topics/gold-metals">Gold & Metals</a><div class="featured-articles"><div class="row collapse"><div class="small-12 medium-6 large-4 columns article-summary"><a href="https://dailyreckoning.com/a-new-gold-standard-orderly-or-chaotic/"><div class="article-image"><img src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2014/11/Umbrella-Pig-225x125.jpg" data-img-src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2020/01/shutterstock_1397241428-225x125.png" alt=""></div><div class="inner-text"><h3>A New Gold Standard: Orderly or Chaotic?</h3><div class="meta-text"><p> By James Rickards Posted January 7, 2020</p></div><p>Gold will return to the global monetary system. The only question is how…</p></div></a></div><div class="small-12 medium-6 large-4 columns article-summary"><a href="https://dailyreckoning.com/rickards-heres-where-gold-will-be-in-2026/"><div class="article-image"><img src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2014/11/Umbrella-Pig-225x125.jpg" data-img-src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2020/01/Bull-Market-Gold-540px-225x125.png" alt=""></div><div class="inner-text"><h3>Rickards: Hereâs Where Gold Will Be in 2026</h3><div class="meta-text"><p> By James Rickards Posted January 7, 2020</p></div><p>Three principal drivers powering the third major bull market in gold…</p></div></a></div><div class="hide-for-medium large-4 columns article-summary"><a href="https://dailyreckoning.com/not-all-that-glitters-is-gold/"><div class="article-image"><img src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2014/11/Umbrella-Pig-225x125.jpg" data-img-src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2019/12/shutterstock_256412818-225x125.jpg" alt=""></div><div class="inner-text"><h3>Not All That Glitters is Gold</h3><div class="meta-text"><p> By Posted December 7, 2019</p></div><p>Are diamonds a big scam? The truth to know before you go to your nearest jewellerâ¦</p></div></a></div></div></div></li><li><a href="https://dailyreckoning.com/topics/oil-energy">Oil & Energy</a><div class="featured-articles"><div class="row collapse"><div class="small-12 medium-6 large-4 columns article-summary"><a href="https://dailyreckoning.com/u-s-must-turn-to-russia-to-contain-china-2/"><div class="article-image"><img src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2014/11/Umbrella-Pig-225x125.jpg" data-img-src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2017/01/USAandRussiaHero-225x125.png" alt=""></div><div class="inner-text"><h3>U.S. Must Turn to Russia to Contain China</h3><div class="meta-text"><p> By James Rickards Posted June 28, 2019</p></div><p>A Russian-Chinese plan to encircle Eurasia?…</p></div></a></div><div class="small-12 medium-6 large-4 columns article-summary"><a href="https://dailyreckoning.com/saudis-threaten-to-end-petrodollar/"><div class="article-image"><img src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2014/11/Umbrella-Pig-225x125.jpg" data-img-src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2017/12/shutterstock_288678785-225x125.jpg" alt=""></div><div class="inner-text"><h3>Saudis Threaten to End Petrodollar</h3><div class="meta-text"><p> By James Rickards Posted April 8, 2019</p></div><p>Would the U.S. have actually invaded Saudi Arabia to seize its oil?… How the U.S. Congress may provoke the Saudis into dropping…</p></div></a></div><div class="hide-for-medium large-4 columns article-summary">
437<a href="https://dailyreckoning.com/expect-oil-to-rebound/"><div class="article-image"><img src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2014/11/Umbrella-Pig-225x125.jpg" data-img-src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2018/04/bigoil-225x125.jpg" alt=""></div><div class="inner-text"><h3>Expect Oil to Rebound</h3><div class="meta-text"><p> By James Rickards Posted November 26, 2018</p></div><p>âNow itâs Saudi Arabiaâs turn to get even by reducing supply and driving prices higherâ…</p></div></a></div></div></div></li><li><a href="https://dailyreckoning.com/topics/central-banks">Central Banks</a><div class="featured-articles"><div class="row collapse"><div class="small-12 medium-6 large-4 columns article-summary"><a href="https://dailyreckoning.com/108816-2/"><div class="article-image"><img src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2014/11/Umbrella-Pig-225x125.jpg" data-img-src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2020/01/shutterstock_1226307286-225x125.png" alt=""></div><div class="inner-text"><h3></h3><div class="meta-text"><p> By Posted January 9, 2020</p></div><p>Might the Fedâs bailout of repo market exceed the entire Wall Street bailout of 2007â10?…</p></div></a></div><div class="small-12 medium-6 large-4 columns article-summary"><a href="https://dailyreckoning.com/bigger-isnt-better-on-wall-street/"><div class="article-image"><img src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2014/11/Umbrella-Pig-225x125.jpg" data-img-src="" alt=""></div><div class="inner-text"><h3>Bigger Isnât Better</h3><div class="meta-text"><p> By Posted December 20, 2019</p></div><p>Best-Selling author, Nomi Prins takes a deep dive into the Federal Reserve’s impact on Wall Street banks and what that means for…</p></div></a></div><div class="hide-for-medium large-4 columns article-summary"><a href="https://dailyreckoning.com/federeal-reserve-blindsided/"><div class="article-image"><img src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2014/11/Umbrella-Pig-225x125.jpg" data-img-src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2018/03/shutterstock_252382789-225x125.jpg" alt=""></div><div class="inner-text"><h3>The Fed Gets Blindsided... Again</h3><div class="meta-text"><p> By Posted December 20, 2019</p></div><p>Here’s Nomi Prins with the latest analysis on the Fed’s repo market action. Find out why the real story Wall Street is…</p></div></a></div></div></div></li><li><a href="https://dailyreckoning.com/topics/debt-deficit">Debt & Currencies</a><div class="featured-articles"><div class="row collapse"><div class="small-12 medium-6 large-4 columns article-summary"><a href="https://dailyreckoning.com/americas-true-patriots/"><div class="article-image"><img src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2014/11/Umbrella-Pig-225x125.jpg" data-img-src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2017/01/AmericanFlagHero-225x125.png" alt=""></div><div class="inner-text"><h3>Americaâs True Patriots</h3><div class="meta-text"><p> By Posted July 3, 2024</p></div><p>Why the greatest British patriot was no true patriot… âMany Americans admire America for being strong, not for being Americanâ… A patriotism…</p></div></a></div><div class="small-12 medium-6 large-4 columns article-summary"><a href="https://dailyreckoning.com/u-s-risks-becoming-a-technological-runner-up/"><div class="article-image"><img src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2014/11/Umbrella-Pig-225x125.jpg" data-img-src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2020/01/shutterstock_792494203-225x125.jpg" alt=""></div><div class="inner-text"><h3>U.S. Risks Becoming a Technological Runner-up</h3><div class="meta-text"><p> By Posted January 4, 2020</p></div><p>The Wall Street Journal wags a finger at China…</p></div></a></div><div class="hide-for-medium large-4 columns article-summary"><a href="https://dailyreckoning.com/revealed-the-trade-of-the-decade/"><div class="article-image"><img src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2014/11/Umbrella-Pig-225x125.jpg" data-img-src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2020/01/shutterstock_15926008511-225x125.jpg" alt=""></div><div class="inner-text"><h3>REVEALED: The Trade of the Decade</h3><div class="meta-text"><p> By Posted January 3, 2020</p></div><p>Trump will win reelection this year. But who will win in 2024?…</p></div></a></div></div></div></li><li><a href="https://dailyreckoning.com/topics/investing-income">Investing & Income</a><div class="featured-articles"><div class="row collapse"><div class="small-12 medium-6 large-4 columns article-summary"><a href="https://dailyreckoning.com/108816-2/"><div class="article-image"><img src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2014/11/Umbrella-Pig-225x125.jpg" data-img-src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2020/01/shutterstock_1226307286-225x125.png" alt=""></div><div class="inner-text"><h3></h3><div class="meta-text"><p> By Posted January 9, 2020</p></div><p>Might the Fedâs bailout of repo market exceed the entire Wall Street bailout of 2007â10?…</p></div></a></div><div class="small-12 medium-6 large-4 columns article-summary"><a href="https://dailyreckoning.com/the-case-against-economists/"><div class="article-image"><img src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2014/11/Umbrella-Pig-225x125.jpg" data-img-src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2020/01/shutterstock_1464327845-225x125.png" alt=""></div><div class="inner-text"><h3>The Case Against Economists</h3><div class="meta-text"><p> By Posted January 8, 2020</p></div><p>Uh-oh â CNBC says the economic expansion is âalive and wellâ…</p></div></a></div><div class="hide-for-medium large-4 columns article-summary"><a href="https://dailyreckoning.com/a-new-gold-standard-orderly-or-chaotic/"><div class="article-image"><img src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2014/11/Umbrella-Pig-225x125.jpg" data-img-src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2020/01/shutterstock_1397241428-225x125.png" alt=""></div><div class="inner-text"><h3>A New Gold Standard: Orderly or Chaotic?</h3><div class="meta-text"><p> By James Rickards Posted January 7, 2020</p></div><p>Gold will return to the global monetary system. The only question is how…</p></div></a></div></div></div></li><li><a href="https://dailyreckoning.com/topics/technology-2">Technology</a><div class="featured-articles"><div class="row collapse"><div class="small-12 medium-6 large-4 columns article-summary"><a href="https://dailyreckoning.com/use-retail-therapy-to-make-a-small-fortune/"><div class="article-image"><img src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2014/11/Umbrella-Pig-225x125.jpg" data-img-src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2019/11/shutterstock_398083000-225x125.jpg" alt=""></div><div class="inner-text"><h3>Use Retail Therapy to Make a Small Fortune</h3><div class="meta-text"><p> By Posted November 16, 2019</p></div><p>There are a ton of resources available online to help you sell products through Amazonâs FBA program. The more you learn about…</p></div></a></div><div class="small-12 medium-6 large-4 columns article-summary"><a href="https://dailyreckoning.com/put-away-your-scissors-the-future-is-now/"><div class="article-image"><img src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2014/11/Umbrella-Pig-225x125.jpg" data-img-src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2019/10/shutterstock_562748479-225x125.jpg" alt=""></div><div class="inner-text"><h3>Put Away Your Scissors, the Future is NOW</h3><div class="meta-text"><p> By Posted October 31, 2019</p></div><p>Clipping coupons can be a fun hobby, but there are far more efficient ways for you to save money while shopping with…</p></div></a></div><div class="hide-for-medium large-4 columns article-summary"><a href="https://dailyreckoning.com/how-to-slice-your-cell-phone-bill-in-half/"><div class="article-image"><img src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2014/11/Umbrella-Pig-225x125.jpg" data-img-src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2019/09/shutterstock_94889329-225x125.jpg" alt=""></div><div class="inner-text"><h3>How to Slice Your Cell Phone Bill in Half</h3><div class="meta-text"><p> By Posted September 21, 2019</p></div><p>Just about everyone nowadays has a cell phone. While the technology packed into one of these pocket sized marvels is amazing the…</p></div></a></div></div></div></li><li><a href="https://dailyreckoning.com/topics/emerging-markets-2">Geopolitics & Emerging Markets</a><div class="featured-articles"><div class="row collapse"><div class="small-12 medium-6 large-4 columns article-summary"><a href="https://dailyreckoning.com/u-s-must-turn-to-russia-to-contain-china-2/"><div class="article-image"><img src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2014/11/Umbrella-Pig-225x125.jpg" data-img-src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2017/01/USAandRussiaHero-225x125.png" alt=""></div><div class="inner-text"><h3>U.S. Must Turn to Russia to Contain China</h3><div class="meta-text"><p> By James Rickards Posted June 28, 2019</p></div><p>A Russian-Chinese plan to encircle Eurasia?…</p></div></a></div><div class="small-12 medium-6 large-4 columns article-summary"><a href="https://dailyreckoning.com/u-s-is-the-sucker/"><div class="article-image"><img src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2014/11/Umbrella-Pig-225x125.jpg" data-img-src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2018/06/pokerinvesting-225x125.jpg" alt=""></div><div class="inner-text"><h3>3-Way Poker Between U.S., China and Russia</h3><div class="meta-text"><p> By James Rickards Posted June 28, 2019</p></div><p>The world is in a three-handed poker game. And the U.S. is the sucker̷
4370;</p></div></a></div><div class="hide-for-medium large-4 columns article-summary"><a href="https://dailyreckoning.com/how-to-protect-your-money-from-financial-warfare-2/"><div class="article-image"><img src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2014/11/Umbrella-Pig-225x125.jpg" data-img-src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2018/08/shutterstock_785778130-1-225x125.jpg" alt=""></div><div class="inner-text"><h3>How to Protect Your Money from Financial Warfare</h3><div class="meta-text"><p> By James Rickards Posted August 20, 2018</p></div><p>The increasing vulnerability of markets to financial warfare, and why now is the time to protect your money against it…</p></div></a></div></div></div></li><li><a href="https://dailyreckoning.com/topics/personal-liberty-2">Personal Liberty</a><div class="featured-articles"><div class="row collapse"><div class="small-12 medium-6 large-4 columns article-summary"><a href="https://dailyreckoning.com/is-war-next/"><div class="article-image"><img src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2014/11/Umbrella-Pig-225x125.jpg" data-img-src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2020/01/shutterstock_329488442-225x125.png" alt=""></div><div class="inner-text"><h3>Is War Next?</h3><div class="meta-text"><p> By Posted January 6, 2020</p></div><p>âThe first shot of World War III has been firedâ…</p></div></a></div><div class="small-12 medium-6 large-4 columns article-summary"><a href="https://dailyreckoning.com/your-must-read-black-friday-shopping-guide/"><div class="article-image"><img src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2014/11/Umbrella-Pig-225x125.jpg" data-img-src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2019/11/shutterstock_744715261-225x125.jpg" alt=""></div><div class="inner-text"><h3>Your Must-Read Black Friday Shopping Guide</h3><div class="meta-text"><p> By Posted November 26, 2019</p></div><p>Black Friday is just a few days away! If you are the type of person who likes to shop in store, this…</p></div></a></div><div class="hide-for-medium large-4 columns article-summary"><a href="https://dailyreckoning.com/pirates-abound-in-unwatched-waters/"><div class="article-image"><img src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2014/11/Umbrella-Pig-225x125.jpg" data-img-src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2019/11/shutterstock_588343265-225x125.jpg" alt=""></div><div class="inner-text"><h3>Pirates Abound in Unwatched Waters</h3><div class="meta-text"><p> By Posted November 21, 2019</p></div><p>Package theft, or porch piracy, is on the rise and with Christmas coming quickly itâs important to protect yourself, and your goods.</p></div></a></div></div></div></li><li><a href="https://dailyreckoning.com/topics/the-road-to-ruin">The Road to Ruin</a><div class="featured-articles"><div class="row collapse"><div class="small-12 medium-6 large-4 columns article-summary"><a href="https://dailyreckoning.com/president-trump-america-rude-awakening/"><div class="article-image"><img src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2014/11/Umbrella-Pig-225x125.jpg" data-img-src="" alt=""></div><div class="inner-text"><h3>Dear President Trump: America is in for a Rude Awakening in January</h3><div class="meta-text"><p> By James Rickards Posted September 8, 2017</p></div><p>Jim Rickards’ open letter to President Trump on the threat of new world money, known as special drawing rights. Here’s the full…</p></div></a></div><div class="small-12 medium-6 large-4 columns article-summary"><a href="https://dailyreckoning.com/global-elites-secret-cryptocurrencies/"><div class="article-image"><img src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2014/11/Umbrella-Pig-225x125.jpg" data-img-src="" alt=""></div><div class="inner-text"><h3>The Global Elitesâ Secret Plan for Cryptocurrencies</h3><div class="meta-text"><p> By James Rickards Posted September 5, 2017</p></div><p>Jim Rickards’ reveals the global elites roadmap for how to use cryptocurrencies against their populations. Here’s what’s hiding in plain sight and…</p></div></a></div><div class="hide-for-medium large-4 columns article-summary"><a href="https://dailyreckoning.com/trump-soon-end-korean-war/"><div class="article-image"><img src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2014/11/Umbrella-Pig-225x125.jpg" data-img-src="" alt=""></div><div class="inner-text"><h3>Trump Will Soon End the Korean War</h3><div class="meta-text"><p> By James Rickards Posted August 21, 2017</p></div><p>Donald Trump’s positioning has put the U.S military one step closer to the next phase of the Korean War. Jim Rickards’ analysis…</p></div></a></div></div></div></li></ul></li><li><a href="#" class="current expandable"> 438 Authors 439 <svg viewBox="0 0 100 100" class="icon shape-expand collapsed"><use xlink:href="#shape-expand"></use></svg></a><ul class="sub-menu hidden"><button class="close-btn"><img src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/themes/drthree/svg/close.svg"></button><li><a href="https://dailyreckoning.com/author/bbonner">Bill Bonner</a><div class="featured-articles"><div class="row collapse"><div class="small-12 medium-6 large-4 columns article-summary"><a href="https://dailyreckoning.com/the-cadence-of-death-itself/"><div class="article-image"><img src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2014/11/Umbrella-Pig-225x125.jpg" data-img-src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2026/09/dr-hero-img-09-29-26-225x125.jpg"></div><div class="inner-text"><h3>The Cadence of Death Itself</h3><div class="meta-text"><p> By Bill Bonner Posted September 29, 2026</p></div><p>After the Peace of Westphalia came the glory of the nation state â one people, one place, and one King…typically united by…</p></div></a></div><div class="small-12 medium-6 large-4 columns article-summary"><a href="https://dailyreckoning.com/tough-as-a-cossack/"><div class="article-image"><img src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2014/11/Umbrella-Pig-225x125.jpg" data-img-src="https://dweaay7e22a7h.cloudfront.net/wp-content_3/uploads/2026/09/dr-hero-img-09-19-26-225x125.jpg"></div><div class="inner-text"><h3>Tough as a Cossack</h3><div class="meta-text"><p> By Bill Bonner Posted September 19, 2026</p></div><p>
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