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We have been talking about the pension crisis for years now. It’s without a doubt one of the biggest, financial disasters. These pools of capital, responsible for paying out retirement benefits, are terribly underfunded. So anyone depending on a pension in their retirement years should seriously consider a Plan B
I guess none of this should surprise me anymore. Our old friends at Wells Fargo are involved in yet another banking scandal. And this one is really bad… people wrongfully lost their homes and ended up on the street. But before I get into the details of this particularly atrocious
From 2000 through 2012, the price of gold increased every year, rising from around $280 an ounce to nearly $1,700. It was an unprecedented run. Then, in 2013, gold took a nose dive, losing over 27% of its value. It was widely reported that the Swiss National Bank, the former
Several years ago back in 2004-2006, if you had a pulse, you could borrow money from a bank to buy a house. In fact, bank lending standards were so loose back then that there were some infamous cases of people who DIDN’T have a pulse who were still able to
[Editor’s note: While Simon is traveling today, other members of the Sovereign Man team penned today’s missive.] We’ve discussed this on and off for several years now. Civil asset forfeiture is a legal process that allows the government to seize assets and cash from citizens without any due process or
[Editor’s note: While Simon is traveling today, other members of the Sovereign Man team penned today’s missive.] This doesn’t make front page news… But it should. Every year, cost of living adjustments increase Social Security benefits. Over the past decade, payouts have increased by an average of 1.66% per year,
By the middle of the 11th century in the town of Coventry, England, the local townspeople had spent years under the oppressive regime of their ruler, Leofric of Mercia. Leofric taxed his people heavily… which was commonplace in the Middle Ages. Feudal barons were extremely creative in taxing trade and
Think back to this time last year, around 2017’s Thanksgiving holiday in the US. . . As you probably remember, BITCOIN was the dominant theme of the day, whether around the dinner table or in the news headlines. Crypto prices had soared throughout 2017, climbing from $1,000 at the beginning
I’ve been on the ground in Puerto Rico over a month now. And let me tell you, Puerto Rico has it all… The good, the bad, the ugly, and the amazing. Technically, Puerto Rico is part of the US. If you drive around, you’ll see all the normal stuff from
October can be an unforgiving month. The terrible stock market crash that signaled the beginning of the Great Depression was in October of 1929. The stock market crash known as Black Monday was in October of 1987. In 1997, the Asian financial crisis sparked another stock market crash in… you
Tens of thousands of years ago, humankind was practically an endangered species. Our early proto-ancestors had little means to protect against the harsh elements or defend against terrifying predators. And finding enough food was a constant challenge. Tribes of humans would roam from place to place, foraging for whatever they
Even after yesterday’s 600-point plunge in the Dow, bargains are hard to find. The air is just starting to be let out of the 10-year “everything bull market” caused by a decade of ultra-low interest rates and the Fed printing trillions of dollars. I don’t know if the volatility we’re
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