$150 Trillion Mineral Wealth Could Transform U.S. Economy, Expert Says

Globe and Mail

6 hours ago

Jim Rickards: 'America isn't broke — we're sitting on a fortune.'
WASHINGTON, D.C. - July 1, 2025 - As the U.S. grapples with a national debt exceeding $34 trillion, a massive $150 trillion in untapped mineral reserves beneath federal lands could offer a game-changing solution, according to Jim Rickards, a former advisor to the CIA, Pentagon, and U.S. Treasury.
'This wealth could pay off the national debt multiple times over,' Rickards asserts. 'It's time to debunk the myth that America is broken.'
A Hidden Economic Powerhouse
Buried beneath public lands, these reserves — rich in copper, lithium, rare earth elements, and other critical minerals — have been locked away for decades by regulatory restrictions. Now, emerging opportunities are bringing these resources within reach.
'We're on the verge of accessing this enormous asset,' Rickards says. 'This could redefine America's economic future.'
With global demand for minerals surging due to technology and clean energy needs, tapping these reserves could position the U.S. as a leader in the global economy.
Reviving a Historic Opportunity
In the 1800s, America's public lands were a springboard for wealth creation, turning dreams of 'rags to riches' into reality. Over time, regulations restricted access, leaving these resources largely untapped. Today, the potential to unlock these reserves could spark a new era of prosperity.
'This isn't a government handout,' Rickards emphasizes. 'It's an opportunity for businesses, investors, and everyday Americans to benefit from a resource that's part of our nation's foundation.'
A Path to Economic Strength
Rickards argues that leveraging these minerals could address economic challenges without raising taxes or increasing foreign borrowing. 'Trillions of dollars in wealth lie beneath our soil,' he says. 'Accessing it could drive unprecedented growth.'
Experts suggest that tapping these reserves could create millions of jobs, bolster domestic manufacturing, and secure supply chains for critical technologies like electric vehicles and renewable energy systems.
Why This Matters Now
As global competition for resources intensifies, unlocking America's mineral wealth could strengthen national security by reducing reliance on foreign supplies. It also offers a chance to stabilize the economy and fuel growth for generations.
'This is about harnessing our nation's potential,' Rickards says. 'The wealth is here — we just need to act.'
About Jim Rickards
Jim Rickards, a leading economic strategist, served as an advisor to the CIA, Pentagon, and U.S. Treasury. With an esteemed career shaping geopolitical policies, including the Petrodollar Accord and crisis-era responses, he now edits Strategic Intelligence, providing insights on economic trends, national security, and global opportunities.
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