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September 10, 2014 Santiago, Chile Jim Rogers is easily one of the smartest and most successful investors I know. And one of his seemingly endless pearls of wisdom about investing is that sometimes the best thing to do is absolutely nothing. Sit on the sidelines, and wait until the opportunity is so obvious
September 9, 2014 Santiago, Chile Anyone who’s ever seen the movie Braveheart has heard of William Wallace, one of the original heroes of Scottish independence. Though Mel Gibson’s highly fictionalized account was one of the most historically inaccurate movies in modern cinema, Wallace did, in fact, lead Scottish rebels against English invaders. And
September 8, 2014 Sovereign Valley Farm, Chile When Ferdinand Magellan and his men arrived in the harbor of Rio de Janeiro in 1519, throngs of naked native women swam out into the surf to greet them. Having spent the previous months battling through the brutal waters of the Atlantic, this was certainly a
September 6, 2014 Santiago, Chile In 1974 Richard Nixon struck a deal with Saudi Arabia that might go down as the biggest scam in US history. In exchange for weapons and protection, the Saudis would sell their oil for US dollars, then reinvest those dollars back in the United States. This was a
September 5, 2014 Santiago, Chile Say hello to the next financial crisis, brought to you courtesy of the dumbest new bill of the week: H.R. 5148: Access to Affordable Mortgages Act. Ordinarily whenever an individual wants to borrow money for a mortgage, the bank conducts due diligence… both on the borrower as well
September 3, 2014 Santiago, Chile Poll after poll confirms what I’m sure you’ve already been feeling. People are disenchanted with the existing system. They don’t trust the government, they don’t trust the banks, and they don’t trust the media. You can hear the rumblings of grumblings, and it’s only growing louder and louder.
September 1, 2014 London, England [Editor’s note: This missive was penned by Tim Price of PFP Wealth Management in the UK, a frequent contributor to Sovereign Man] “Sir, Arnaud Montebourg, the former French economy minister and the sourest note in the Hollande repertoire, dares to complain of “absurd” austerity policies ? (“Hollande purges
September 1, 2014 Dallas, Texas Imagine this scene: “Everyone in the country was in shock. People’s net worth had devalued more than 53% overnight.” “The value in savings accounts dropped in half and neither merchants nor consumers knew how to react because they had never been through something like it before…” This is
August 29, 2014 En route to the United States Pop quiz: What do actor Jet Li, opera singer Maria Callas, writer T.S. Eliot, financier John Templeton, actress Elizabeth Taylor, and Queen Noor of Jordan all have in common? They are all former US citizens who went through the formal process of relinquishing or
August 28, 2014 Bangkok, Thailand For many people, where we are born has a tremendous impact on our lives. For example, being born in certain countries might mean that we are obliged to serve in the military, or go fight and die in some foreign war. In others, it might mean that we
August 26, 2014 Shanghai, China A few days ago I had a conversation with the Chief Operating Officer for our agricultural fund in Chile. We were discussing water, and he told me that roughly 60% of California right now is suffering “extreme drought” conditions. 30% of the state is in “severe drought”. And
August 26, 2014 London, England [Editor’s note: This missive was penned by Tim Price of PFP Wealth Management in the UK, a frequent contributor to Sovereign Man] Few films have managed to convey the feeling of approaching menace more effectively than Jeff Nichols’ 2011 drama, ‘Take Shelter’. Its blue collar protagonist, Curtis LaForche,
August 25, 2014 Shanghai, China I was sitting on the plane waiting for take off when the captain came on and uttered words you never want to hear in aviation: “Ladies and Gentlemen, I have some bad news.” It turned out that a German construction crew had dug up some WWII-era unexploded ordnance,
August 23, 2014 En route to Shanghai Only hours ago the US government announced that a Chinese fighter jet had intercepted an American military patrol plane over international waters east of China’s Hainan Island. A Pentagon spokesman called China’s actions “unsafe and unprofessional”, and blasted such unprovoked aggression. There was no mention as
August 22, 2014 Addis Ababa, Ethiopia This one is almost too sensational to be real. Almost. I’ve written to you before about the Financial Crimes Enforcement Network (FinCEN), an agency of the US Treasury Department that chases around people they suspect of committing financial crimes. Unfortunately, their definition of ‘financial crime’ is not