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China’s stock market just went full retard

January 13, 2014 Punta Arenas, Chile Well if this isn’t a screaming indicator, I don’t know what is. China’s stock market has long been known as somewhat of a casino. Because of the nature of the Chinese writing system, stock symbols in China are numbers, not letters. And as a rather superstitious lot,

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Bitcoin Cryptocurrency Birthday

This may be the most important transaction in the history of finance

January 12, 2015 King George Island, Antarctica Six years ago today, Satoshi Nakamoto, the developer and founder of Bitcoin sent ten units of the cryptocurrency to his colleague Hal Finney as a test. This was the very first bitcoin transaction ever recorded. And it may possibly go down as one of the most

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Voltaire Candide Freedom

Voltaire would certainly be in his element

January 12, 2015 London, England [Editor’s note: Tim Price, London-based wealth manager, is filling in for Simon today.] On All Saint’s Day, 1st November 1755, an earthquake measuring roughly 9 on the Richter scale struck the Portuguese capital, Lisbon. At least 30,000 people are estimated to have perished. A little over half an

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Forget Cuba opening up to the US, watch out for Venezuela

Forget Cuba opening up to the US, watch out for Venezuela

January 9, 2015 En route to Antarctica When the Soviet Union was dying out and privatization schemes and free market measures were being implemented, it was like the Wild West out there. With a bit of street smarts, insights, the right contacts, information, and access to capital, you could grab or build a

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New law: Teachers to spy on children with ‘terrorist inclinations’

New law: Teachers to spy on children with ‘terrorist inclinations’

January 7, 2015 Santiago, Chile It’s been 66 years since George Orwell’s dystopian novel 1984 was published. In it, Orwell depicts a future where the UK (and the whole world really) descends into a totalitarian regime that’s in a perpetual state of war, propaganda, and persecution. One of the most disturbing aspects of

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Presenting the nominees for The Dumbest Government of 2014

Presenting the nominees for The Dumbest Government of 2014

January 5, 2015 Santiago, Chile Each year governments around the world seem to compete with one another to come up with the dumbest and worst policies possible. But which one is the stupidest? The competition is indeed tight as there are just so many terrible entries to consider. But my team and I

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Go figure, the poorest place in Europe is run by Communists

Go figure, the poorest place in Europe is run by Communists

[Editor’s note: The following note was originally penned by Simon Black on July 2, 2012 from Chisinau, Moldova.] Ah Moldova… the poorest country in Europe, which just so happens to have had a Communist party majority in its parliament since 1998. These two points are not unrelated. Despite having achieved its independence from

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Switzerland ends neutrality, joins the War on Deflation

Switzerland ends neutrality, joins the War on Deflation

December 22, 2014 Santiago, Chile I want you to imagine this nightmare scenario for a moment. You walk into the grocery store and head down the aisles, family in tow, procuring your normal ration of foodstuffs for the fortnight. Something doesn’t make sense. Aisle after aisle you wander, the same sneaking suspicion tugging

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The worst investment of the century—paying 0.07% interest

The worst investment of the century—paying 0.07% interest

December 19, 2014 Santiago, Chile Edith had been saving up wherever she could. She only prepared meat once a week for the family and she’d spent many extra hours mending the children’s clothing so they wouldn’t have to buy any new things this year. So when she and her husband had finally saved

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