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June 16, 2014 Shanghai, China According to a new Gallup pole, a record amount of Americans now disapprove of President Obama. Now, this is nothing new. Presidential approval ratings go up and down, and Mr. Obama has had a long-term slide thanks to… oh, I don’t know… a total avalanche
June 16, 2014 Shanghai, China Here’s the good news: Nie Zhenbang, a Chinese agronomy expert and former director of the Chinese State Grain Administration, recently announced that 2013 was a record year for Chinese grain production. Here’s the not so good news: “Although the number is huge,” said Nie, “it
June 13, 2014 Rome One of the things I’ve concluded from traveling to over 100 countries is that human beings are largely the same everywhere in the world. Obviously, cultural differences abound. But from Saudi Arabia to Tanzania to Palau to Venezuela to Bangladesh, people everywhere love their children. They
June 12, 2014 Florence, Italy In February 1964, a 22-year old Cassius Clay (later Muhammad Ali) faced off against a gigantic Sonny Liston, the heavyweight boxing champion of the world. Liston was an imposing opponent. I mean– this was a guy with mob ties who learned to box while serving
June 11, 2014 Florence, Italy ‘Creativity’ isn’t usually a word associated with ‘government’. Words like stodgy, bureaucratic, and incompetent are typically more appropriate. But there is at least one area where bankrupt governments in particular tend to be exceptionally creative—finding unique ways to steal people’s money. And over the last
June 9, 2014 London, England [Editor’s Note: This column was written by Tim Price, Director of Investment at PFP Wealth Management and frequent Sovereign Man contributor.] “Are we finished ? The answer is no.” – Mario Draghi, President of the European Central Bank, 5th June 2014, having just cut ECB
June 9, 2014 En route to Europe Henry Ford once said, “It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” He was right about at least one thing–
June 6, 2014 Hamilton, Bermuda Like most people, I love the beach. And Bermuda has plenty of really great beaches. It’s lovely here– advanced, civilized, and friendly. But let’s be honest, there are a lot of places in the world with great beaches. What really sets Bermuda apart– what makes
June 4, 2014 New York City In August 1939, just days before Hitler’s invasion into southern Poland, General Wilhelm List walked the lines of his German 14th Army making final checks and inspections. He must have thought it strange– between Army Group North and Army Group South, there were over
June 2, 2014 Buenos Aires, Argentina From the days of the Soviet Union, there’s a great story about a shoe factory that was under pressure by the political bosses to increase production. The factory, however, didn’t have sufficient materials to meet the quota. Fearful of the consequences, they decided to
[Editor’s note: This missive was penned by Tim Price, frequent Sovereign Man contributor and Director of Investment at PFP Wealth Management in the UK.] “I say to all those who bet against Greece and against Europe: you lost and Greece won. You lost and Europe won.” – Jean-Claude Juncker, former
May 30, 2014 Santiago, Chile Along with history, travel is by far one of the best teachers. Formal education in classrooms can be stifling to the mind. It makes people believe that the world actually conforms to all the snazzy theories we read about. But there’s no economic textbook on
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