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It’s really easy to love Italy. The food. The scenery. The weather. The art and architectural splendor. The welcoming culture. Then there’s the history, which is one of my favorite aspects of this country. In the 5,000-year record of our civilization, Italy was the world’s dominant superpower not once, but
Two more Italian banks failed over the weekend– Banco Popolare di Vicenza and Veneto Banca. (In other news, the sky is blue.) The Italian Prime Minister himself stated that depositors’ funds were at risk, so the government stepped in with a bailout and guarantee package that could cost taxpayers as
This morning I had the pleasure of spending an hour of my life tracking down a missing wire transfer that had been sent to a large, multinational bank more than two weeks ago. I’m sure you’ve been there, being passed around various departments like the village bicycle, each time having
In the latest episode of the completely psychotic breakdown of Western values, Canada’s government has just passed a law that champions sexual identity over science. It’s called C-16, “An Act to Amend the Canadian Human Rights Act and the Criminal Code”. Both of these codes prohibit discrimination against individuals based
Apparently while I was in the air yesterday flying between Asia and Europe, the financial system proved once again that it believes in magic beans. The latest absurdity is that the government of Argentina sold $2.75 billion worth of bonds yesterday afternoon. It’s not strange or unusual for a government
This is the very first article I’m writing to you on the brand new Macbook Pro that I just purchased here in Hong Kong. It’s the fully loaded version with 16GB of RAM, a 1 TB SSD hard drive, and 3.5 GHz i7 processor. Given that I actually run Linux
Yesterday I spent all afternoon meeting with government officials here in the Philippines, and I’m still in shock. I’ll explain– About a year and a half ago I purchased a fairly large manufacturing business that is oddly enough based in Australia. It’s been a fantastic investment so far, primarily because
This one is almost too ridiculous to believe. Recently a new bill was introduced on the floor of the US Senate entitled, pleasantly, “Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017.” You can probably already guess its contents. Cash is evil. Bitcoin is evil. Now they’ve gone so
What I’m about to tell you isn’t some wild conspiracy. Or fake news. It’s raw fact, based on publicly available data from the US Federal Reserve. This data shows a very simple but concerning trend: banks in the United States are becoming less safe. Again. And they’re doing it on
[Editor’s note: This letter was written by Tim Price, frequent Sovereign Man contributor and manager of the VT Price Value Portfolio.] If you have been voting for politicians who promise to give you goodies at someone else’s expense, then you have no right to complain when they take your money
The Federal Reserve in the United States just released a new report showing that “Total Household Wealth” in the United States has reached a record $94.8 trillion. That’s an impressive figure. Even more impressive is that Total Household Wealth has increased by $40 trillion since the lows of the Great
Here’s the perfect example of how insane our financial system has become. It was announced yesterday that, after a 24-hour white-knuckled ride, Spanish banking giant Banco Popular had been sold to Banco Santander for the price of just 1 euro. Note- that’s 1 euro in TOTAL. Not 1 euro per
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