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Last week we dove into a series about different ways to own gold. And I explained in that first article why it’s a great idea to own physical bullion– gold you can hold in your hand. With physical gold, there’s no middleman standing between you and your wealth. And when
On January 20, 1841, after delivering a series of military defeats to Imperial China in the First Opium War, British forces landed in Hong Kong and took control of the island. Hong Kong was hugely important for the British economy because it ensured access to the Chinese market. And they
Welcome to our Friday roll up, where we highlight the most interesting, absurd, and concerning stories we are following this week. Local tax collector ruins children’s entrepreneurship event Every summer, a Utah non-profit agency called the Libertas Institute holds an entrepreneurship event for children. It’s a wonderful idea– children as
In 1978, a scruffy-looking Frenchman named Patrick Hernandez signed his first-ever recording contract. He had spent the better part of the previous decade touring ballrooms in France, backing b-class singers without any real success to show for himself. But in late 1978, he released his very first single, “Born to
Every morning here in Puerto Rico, I wake up around 6am as the sun rises over the ocean in front of my house. And I pretty much head straight to the gym. Once there, one of my favorite medieval torture devices is a fairly new exercise bike called a Peloton.
Last week at a Bernie Sanders campaign stop, someone ask him a question that began with, “Yesterday, oligarch David Koch passed away…” The Bolshevik crowd interrupted immediately with ebullient cheers, joyfully celebrating the death of a man they had never met and knew nothing about. If you hadn’t heard, multi-billionaire
In 1962 in a picturesque setting in Santa Barbara, California, two local entrepreneurs opened a low-cost, roadside inn where the nightly room rate was just $6. They called it Motel 6. And today the chain has grown to over 1,400 locations. If you want the most straightforward explanation for why
Welcome to our Friday roll up, where we highlight the most interesting, absurd, and concerning stories we are following this week. Can’t sue cop for breaking domestic violence victim’s bones It all started when a boyfriend playfully tried to push his girlfriend into the pool. Most people would see that
Earlier this year the US government reported that Social Security’s long-term, unfunded liability now exceeds $50 TRILLION. Moreover, they forecast that the Social Security and Medicare trust funds will run out of money in 2034. This is the government’s own calculation. (And the government’s math is based on rosy assumptions
From time to time it’s important to take a giant step back and take a fresh look at everything that’s going on with a big picture perspective. The last few weeks has been nothing short of incredible… so many important things happening that have never happened before ever. Let’s take
The year was 1967. Ronald Reagan had just become governor of California. Aretha Franklin was belting out R-E-S-P-E-C-T on the radio. Marxist revolutionary leader Che Guevara was captured and executed in Bolivia. And a restaurant chain called The White Spot opened its newest location in Denver, Colorado. It was a
In the latest sign that absolutely nothing makes sense anymore, WeWork filed formal regulatory paperwork with the Securities and Exchange Commission last week, officially notifying the world that it will soon be going public. If you haven’t heard of WeWork (or it’s parent– ‘The We Company’), it’s a real estate
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