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July 6, 2015 Bangkok, Thailand While all eyes were on Greece this weekend, one of the largest banks in Lithuania quietly posted an awkward announcement to its customers. Interest rates are now negative. So negative, in fact, that the bank actually has to pay interest to some of its borrowers.
July 2, 2015 Singapore When I was a kid, my friends and I used to cruise around on our Huffy bikes for hours at a time. Often we’d end up on the other side of town in unfamiliar places. No helmets. No knee pads. No reflector vests. No parents. Had
July 1, 2015 Singapore Yesterday over coffee, a friend of mine leaked the news that JP Morgan’s private banking division here in Singapore is going to start charging negative interest rates. I almost fell out of my chair. He’s a successful hedge fund manager and one of their best customers.
June 30, 2015 Piraeus, Greece [Editor’s note: This letter was written by a Greek-American friend of Simon’s who is currently living near Athens.] Since my arrival into the country late May, the topic of most discussions I overhear everywhere are naturally about the debt negotiations. I’d call opinions in support
June 29, 2015 Singapore It is somewhat amusing that the word ‘crisis’ originates from Ancient Greece. It’s actually a medical term; Hippocrates wrote extensively about ‘crisis’ being the key turning point in disease progression– the time at which it either overcomes the patient, or it subsides. And though the word
June 25, 2015 Bali, Indonesia In late June 1997, eighteen years ago, this part of the world felt pretty normal. People had jobs. Inflation was fairly low. The economy was growing. Confidence was high. Life was great. For years, most of the economies across Asia had seen meteoric, credit-fueled growth.
June 25, 2015 Bali, Indonesia If you’re filling out your FBAR this weekend, here are some things to keep in mind. The FBAR is a disclosure form, not a tax form. So even though it goes to the treasury department, it’s not like there’s any money owed. Nonetheless, this is
June 23, 2015 Seminyak, Bali If it just so happens that Caitlyn Jenner has an offshore bank account, it would be like lightning striking twice in the same place. I say this in light of two recent reports that have shown how exceptionally rare these two phenomena are. Per a
June 22, 2015 Seminyak, Bali In May 1940, a visibly concerned Winston Churchill traveled to Paris to survey the city’s defenses. Nazi forces had already blasted past French units and were rolling easily through the Somme Valley towards Paris. There wasn’t much time. And Churchill bluntly asked the commanders in
June 22, 2015 London, England [Editor’s note: This letter was written by Tim Price, London-based wealth manager and frequent Sovereign Man contributor.] The great biologist E.O. Wilson once observed: “The real problem of humanity is the following: we have paleolithic emotions; medieval institutions; and god-like technology. And it is terrifically
June 19, 2015 Kathmandu, Nepal I’ve never been a big fan of celebrating my birthday. I just don’t see the point of commemorating the day I popped out of the birth canal. To give credit where credit is due, mothers do all the heavy lifting, and they’re the ones who
June 18, 2015 Kathmandu, Nepal I’ll never forget the Oath of Office I took when I was commissioned as an Army Intelligence Officer all those years ago. The most important part is where you swear to “support and defend the Constitution of the United States against ALL enemies, foreign and
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