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In 1988, a Professor of Anthropology at the University of New Mexico named Joseph Tainter published a book called The Collapse of Complex Societies. Now, “collapse” is a strong word that conjures images of apocalyptic scenarios… Mad Max or Hunger Games drama. But that’s not what Tainter intended. He uses
On May 28, 2021, a female student was in her school’s bathroom in Loudoun County, Virginia, when another classmate— a boy who identified as a girl— walked in. School policy allowed students to use whichever bathroom matched their gender identity on any given day. So the boy who identified as
We’ve been extremely consistent—practically shouting from the rooftops over the last year—that there was an absolutely outrageous investment trend that was going to make people who were paying attention a lot of money… and it wasn’t going to last. What we’ve been saying over and over is that gold’s bull
On July 9, 1807, after Napoleon’s crushing victory over an entire coalition of European nations, the King of Prussia was forced to sign the Treaty of Tilsit, formally putting an end to the conflict. The peace treaty was devastating for the Prussians; they were forced to pay heavy tribute and
It wasn’t even twelve months ago that America’ political, economic, and cultural tectonic plates started to shift—finally in a positive direction. Joe Biden’s deteriorating mental condition was put on display for the world to see in his one and only Presidential debate; at the time this looked like the final
It turns out that “Liberty and Justice for all” might just still exist in the Land of the Free. While most of the news yesterday was focused on the nuclear Twitter war between Elon Musk and Donald Trump, the Supreme Court issued a landmark ruling in favor of common sense.
Last week when I wrote about America’s new stablecoin legislation (bizarrely called the “GENIUS Act”), a number of readers wrote in asking me to clarify a comment that I made about the Bitcoin company ‘Strategy’, i.e. formerly MicroStrategy. I explained in the article that I am pro-crypto and have been
Jamie Dimon is one of America’s most prominent and successful CEOs; he built JP Morgan Chase into a $4 trillion juggernaut, so it’s fair to say that he understands global finance in a way that most people– and most politicians– do not. On Friday, Dimon sat down for a 30+
Peter Schiff isn’t just my partner at Schiff Sovereign– we’ve been close friends for many years. And we generally see eye-to-eye on most things going on in the world. But one area where we disagree is crypto. Not to put words in his mouth, but Peter is pretty vocal in
Germany’s “Iron Chancellor” Otto von Bismark didn’t pass the world’s first modern Social Security system out of the kindness of his heart. The year was 1889, and Bismark was fighting hard against the rising tide of socialism; the second volume of Karl Marx’s Das Kapital had been published just a
On August 24 in the year 410 AD, a large army of Visigoths entered the city of Rome and rampaged through the streets for three full days. They ransacked public buildings. They destroyed monuments. They looted wealthy homes. And they stole just about anything and everything that wasn’t nailed down.
Last week I wrote an article about the bizarre US tax liabilities of Leo XIV, the new American Pope. The basic idea that, as a US citizen, the Pope is required to file and pay US taxes on his worldwide income… even though he is a head of state, and
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