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Below is an important message from one of our highly valued sponsors. Please read it carefully as they have some special information to share with you. Dear Reader, Jim Rickards here⦠James Monroe was the fifth President of the United States (1817â1825) and the last President from the Founding Fathers. On New Yearâs Day, 1825, at the last of his annual White House receptions, President James Monroe made a pleasing impression upon a Virginia lady who shook his hand: âHe is tall and well formed. His dress plain and in the old styleâ¦. His manner was quiet and dignified. From the frank, honest expression of his eye ⦠I think he well deserves the encomium passed upon him by the great Jefferson, who said, âMonroe was so honest that if you turned his soul inside out there would not be a spot on it.â â Born in Westmoreland County, Virginia, in 1758, Monroe attended the College of William and Mary, fought with distinction in the Continental Army, and practiced law in Fredericksburg, Virginia. As a youthful politician, he joined the anti-Federalists in the Virginia Convention which ratified the Constitution, and in 1790, an advocate of Jeffersonian policies, was elected United States Senator. As Minister to France in 1794-1796, he displayed strong sympathies for the French cause; later, with Robert R. Livingston, he helped negotiate the Louisiana Purchase. His ambition and energy, together with the backing of President Madison, made him the Republican choice for the Presidency in 1816. With little Federalist opposition, he easily won re-election in 1820. Monroe made unusually strong Cabinet choices, naming a Southerner, John C. Calhoun, as Secretary of War, and a northerner, John Quincy Adams, as Secretary of State. Only Henry Clayâs refusal kept Monroe from adding an outstanding Westerner. Early in his administration, Monroe undertook a goodwill tour. At Boston, his visit was hailed as the beginning of an âEra of Good Feelings.â Unfortunately these âgood feelingsâ did not endure, although Monroe, his popularity undiminished, followed nationalist policies. Across the facade of nationalism, ugly sectional cracks appeared. A painful economic depression undoubtedly increased the dismay of the people of the Missouri Territory in 1819 when their application for admission to the Union as a slave state failed. An amended bill for gradually eliminating slavery in Missouri precipitated two years of bitter debate in Congress. The Missouri Compromise bill resolved the struggle, pairing Missouri as a slave state with Maine, a free state, and barring slavery north and west of Missouri forever. In foreign affairs Monroe proclaimed the fundamental policy that bears his name, responding to the threat that the more conservative governments in Europe might try to aid Spain in winning back her former Latin American colonies. Monroe did not begin formally to recognize the young sister republics until 1822, after ascertaining that Congress would vote appropriations for diplomatic missions. He and Secretary of State John Quincy Adams wished to avoid trouble with Spain until it had ceded the Floridas, as was done in 1821. Great Britain, with its powerful navy, also opposed reconquest of Latin America and suggested that the United States join in proclaiming âhands off.â Ex-Presidents Jefferson and Madison counseled Monroe to accept the offer, but Secretary Adams advised, âIt would be more candid ⦠to avow our principles explicitly to Russia and France, than to come in as a cock-boat in the wake of the British man-of-war.â Monroe accepted Adamsâs advice. Not only must Latin America be left alone, he warned, but also Russia must not encroach southward on the Pacific coast. â. . . the American continents,â he stated, âby the free and independent condition which they have assumed and maintain, are henceforth not to be considered as subjects for future colonization by any European Power.â Some 20 years after Monroe died in 1831, this became known as the Monroe Doctrine. And Iâm sure you know that Iâve spent 40 years making successful financial forecasts. All the success in my career is based on my ability to spot [the next moves of the central bankers.]( Millard Fillmore, a member of the Whig party, was the 13th President of the United States (1850-1853) and the last President not to be affiliated with either the Democratic or Republican parties. In his rise from a log cabin to wealth and the White House, Millard Fillmore demonstrated that through methodical industry and some competence an uninspiring man could make the American dream come true. Born in the Finger Lakes country of New York in 1800, Fillmore as a youth endured the privations of frontier life. He worked on his fatherâs farm, and at 15 was apprenticed to a cloth dresser. He attended one-room schools, and fell in love with the redheaded teacher, Abigail Powers, who later became his wife. In 1823 he was admitted to the bar; seven years later he moved his law practice to Buffalo. As an associate of the Whig politician Thurlow Weed, Fillmore held state office and for eight years was a member of the House of Representatives. In 1848, while Comptroller of New York, he was elected Vice President. Fillmore presided over the Senate during the months of nerve-wracking debates over the Compromise of 1850. He made no public comment on the merits of the compromise proposals, but a few days before President Taylorâs death, he intimated to him that if there should be a tie vote on Henry Clayâs bill, he would vote in favor of it. Thus the sudden accession of Fillmore to the Presidency in July 1850 brought an abrupt political shift in the administration. Taylorâs Cabinet resigned and President Fillmore at once appointed Daniel Webster to be Secretary of State, thus proclaiming his alliance with the moderate Whigs who favored the Compromise. A bill to admit California still aroused all the violent arguments for and against the extension of slavery, without any progress toward settling the major issues. Clay, exhausted, left Washington to recuperate, throwing leadership upon Senator Stephen A. Douglas of Illinois. At this critical juncture, President Fillmore announced in favor of the Compromise. On August 6, 1850, he sent a message to Congress recommending that Texas be paid to abandon her claims to part of New Mexico. This helped influence a critical number of northern Whigs in Congress away from their insistence upon the Wilmot Provisoâthe stipulation that all land gained by the Mexican War must be closed to slavery. Douglasâs effective strategy in Congress combined with Fillmoreâs pressure from the White House to give impetus to the Compromise movement. Breaking up Clayâs single legislative package, Douglas presented five separate bills to the Senate: 1. Admit California as a free state. 2. Settle the Texas boundary and compensate her. 3. Grant territorial status to New Mexico. 4. Place Federal officers at the disposal of slaveholders seeking fugitives. 5. Abolish the slave trade in the District of Columbia. Each measure obtained a majority, and by September 20, President Fillmore had signed them into law. Webster wrote, âI can now sleep of nights.â Some of the more militant northern Whigs remained irreconcilable, refusing to forgive Fillmore for having signed the Fugitive Slave Act. They helped deprive him of the Presidential nomination in 1852. Within a few years it was apparent that although the Compromise had been intended to settle the slavery controversy, it served rather as an uneasy sectional truce. As the Whig Party disintegrated in the 1850âs, Fillmore refused to join the Republican Party; but, instead, in 1856 accepted the nomination for President of the Know Nothing, or American, Party. Throughout the Civil War he opposed President Lincoln and during Reconstruction supported President Johnson. He died in 1874. Iâve written numerous bestselling books, including The Death of ÐоnÐµÑ and Currency Wars. Iâve worked at the highest levels of the finance and intelligence communities⦠Iâve been inside the secure meeting rooms, called vaults inside of the Pentagon and the CIA. Franklin Pierce became 14th President of the United States at a time of apparent tranquility (1853-1857). By pursuing the recommendations of southern advisers, Pierce â a New Englander â hoped to ease the divisions that led eventually to Civil War. Franklin Pierce became President at a time of apparent tranquility. The United States, by virtue of the Compromise of 1850, seemed to have weathered its sectional storm. By pursuing the recommendations of southern advisers, Pierceâa New Englanderâhoped to prevent still another outbreak of that storm. But his policies, far from preserving calm, hastened the disruption of the Union. Born in Hillsborough, New Hampshire, in 1804, Pierce attended Bowdoin College. After graduation he studied law, then entered politics. At 24 he was elected to the New Hampshire legislature; two years later he became its Speaker. During the 1830âs he went to Washington, first as a Representative, then as a Senator. Pierce, after serving in the Mexican War, was proposed by New Hampshire friends for the Presidential nomination in 1852. At the Democratic Convention, the delegates agreed easily enough upon a platform pledging undeviating support of the Compromise of 1850 and hostility to any efforts to agitate the slavery question. But they balloted 48 times and eliminated all the well-known candidates before nominating Pierce, a true âdark horse.â Probably because the Democrats stood more firmly for the Compromise than the Whigs, and because Whig candidate Gen. Winfield Scott was suspect in the South, Pierce won with a narrow margin of popular votes. Two months before he took office, he and his wife saw their eleven-year-old son killed when their train was wrecked. Grief-stricken, Pierce entered the Presidency nervously exhausted. In his Inaugural he proclaimed an era of peace and prosperity at home, and vigor in relations with other nations. The United States might have to acquire additional possessions for the sake of its own security, he pointed out, and would not be deterred by âany timid forebodings of evil.â Pierce had only to make gestures toward expansion to excite the wrath of northerners, who accused him of acting as a catâs-paw of Southerners eager to extend slavery into other areas. Therefore he aroused apprehension when he pressured Great Britain to relinquish its special interests along part of the Central American coast, and even more when he tried to persuade Spain to sell Cuba. But the most violent renewal of the storm stemmed from the Kansas-Nebraska Act, which repealed the Missouri Compromise and reopened the question of slavery in the West. This measure, the handiwork of Senator Stephen A. Douglas, grew in part out of his desire to promote a railroad from Chicago to California through Nebraska. Already Secretary of War Jefferson Davis, advocate of a southern transcontinental route, had persuaded Pierce to send James Gadsden to Mexico to buy land for a southern railroad. He purchased the area now comprising southern Arizona and part of southern New Mexico for $10,000,000. Douglasâs proposal, to organize western territories through which a railroad might run, caused extreme trouble. Douglas provided in his bills that the residents of the new territories could decide the slavery question for themselves. The result was a rush into Kansas, as southerners and northerners vied for control of the territory. Shooting broke out, and âbleeding Kansasâ became a prelude to the Civil War. By the end of his administration, Pierce could claim âa peaceful condition of things in Kansas.â But, to his disappointment, the Democrats refused to renominate him, turning to the less controversial Buchanan. Pierce returned to New Hampshire, leaving his successor to face the rising fury of the sectional whirlwind. He died in 1869. Iâve been inside the West Wing of the White House. Iâve been inside the U.S. Treasury and talked to Tim Geithner. Iâve been inside the boardroom at the Federal Reserve and Iâve personally had conversations with Ben Bernanke. All my work has pointed to a dire financial forecast, which could play out as soon as January 31, 2023⦠And Iâm sorry to say, most economic forecasters are looking in the entirely wrong direction⦠Theyâre keeping an eye on the Federal Reserve, when the [real move will come from somewhere else]( Specifically, Iâm looking at President Joe Bidenâs recent Executive Order #14067. The consequences of this order could be enormous⦠And the threat to your mоnÐµÑ will make the recent inflation weâve seen pale in comparison. I just recorded a free public warning, where I go through what Bidenâs new Executive Order means fоr Ñоu, and for America. Remember: We donât have much time to prepare. This threat is real. And it could accelerate on January 31, 2023. [Button]( Abraham Lincoln became the United Statesâ 16th President in 1861, issuing the Emancipation Proclamation that declared forever free those slaves within the Confederacy in 1863. Lincoln warned the South in his Inaugural Address: âIn your hands, my dissatisfied fellow countrymen, and not in mine, is the momentous issue of civil war. The government will not assail youâ¦. You have no oath registered in Heaven to destroy the government, while I shall have the most solemn one to preserve, protect and defend it.â Lincoln thought secession illegal, and was willing to use force to defend Federal law and the Union. When Confederate batteries fired on Fort Sumter and forced its surrender, he called on the states for 75,000 volunteers. Four more slave states joined the Confederacy but four remained within the Union. The Civil War had begun. The son of a Kentucky frontiersman, Lincoln had to struggle for a living and for learning. Five months before receiving his partyâs nomination for President, he sketched his life: âI was born Feb. 12, 1809, in Hardin County, Kentucky. My parents were both born in Virginia, of undistinguished familiesâsecond families, perhaps I should say. My mother, who died in my tenth year, was of a family of the name of Hanksâ¦. My father ⦠removed from Kentucky to ⦠Indiana, in my eighth yearâ¦. It was a wild region, with many bears and other wild animals still in the woods. There I grew upâ¦. Of course when I came of age I did not know much. Still somehow, I could read, write, and cipher ⦠but that was all.â Lincoln made extraordinary efforts to attain knowledge while working on a farm, splitting rails for fences, and keeping store at New Salem, Illinois. He was a captain in the Black Hawk War, spent eight years in the Illinois legislature, and rode the circuit of courts for many years. His law partner said of him, âHis ambition was a little engine that knew no rest.â He married Mary Todd, and they had four boys, only one of whom lived to maturity. In 1858 Lincoln ran against Stephen A. Douglas for Senator. He lost the election, but in debating with Douglas he gained a national reputation that won him the Republican nomination for President in 1860. As President, he built the Republican Party into a strong national organization. Further, he rallied most of the northern Democrats to the Union cause. On January 1, 1863, he issued the Emancipation Proclamation that declared forever free those slaves within the Confederacy. Lincoln never let the world forget that the Civil War involved an even larger issue. This he stated most movingly in dedicating the military cemetery at Gettysburg: âthat we here highly resolve that these dead shall not have died in vainâthat this nation, under God, shall have a new birth of freedomâand that government of the people, by the people, for the people, shall not perish from the earth.â Lincoln won re-election in 1864, as Union military triumphs heralded an end to the war. In his planning for peace, the President was flexible and generous, encouraging Southerners to lay down their arms and join speedily in reunion. The spirit that guided him was clearly that of his Second Inaugural Address, now inscribed on one wall of the Lincoln Memorial in Washington, D. C.: âWith malice toward none; with charity for all; with firmness in the right, as God gives us to see the right, let us strive on to finish the work we are in; to bind up the nationâs woundsâ¦. â On Good Friday, April 14, 1865, Lincoln was assassinated at Fordâs Theatre in Washington by John Wilkes Booth, an actor, who somehow thought he was helping the South. The opposite was the result, for with Lincolnâs death, the possibility of peace with magnanimity died. Sincerely, Jim Rickards
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