Breaking down claim that US has secret $150T 'trust fund'

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In March 2025, a rumor emerged on multiple platforms, including Bluesky (archived), X (archived) and Reddit (archived), that the U.S. had an untouched $150 trillion "national trust fund" or "endowment" waiting to be tapped into, thanks to a key provision in Title 30 of the U.S. Code (30 U.S.C.).

Link to tweet

Jim Rickards, a financial commentator who reportedly worked on Wall Street for 35 years, made the assertion during a promotional interview posted in February 2025, though the claim goes back at least as far as 2013.

Rickards publishes a financial newsletter called "Strategic Intelligence," where he made the claim in a featured video. We reached out to Rickards for comment on the claim's veracity and will update this story if we receive any response.

"Decades ago, the U.S. Congress inserted a key provision in 30 U.S.C. creating what one could call a 'national trust fund.' You can go read the sections 22 to 42 to be exact … it's pretty dry stuff," Rickards said in the video. "It's been this big secret for years. Yet over time, the estimated size of this fund has grown and grown to the point where its raw value sits near $150 trillion and counting."

https://www.snopes.com/news/2025/04/23/150-trillion-us-trust-fund/