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August 11, 2014 London, England [Editor’s note: Tim Price, frequent Sovereign Man contributor and Director of Investment at PFP Wealth Management, is filling in while Simon is teaching at his entrepreneurship camp.] On September 9th, 1965, US Navy pilot James Stockdale was shot down over North Vietnam and seized by a mob. He
August 7, 2014 Vilnius, Lithuania In an unbelievable display of arrogance and self-importance, the Australian government recently announced the most sweeping changes to their national security legislation since 9/11. The new laws will give the Australian government more powers to monitor all types of communication, both phone and internet. What’s more, telecom companies
August 6, 2014 Vilnius, Lithuania When you think about “strong banking”, what country comes first to mind? A few years ago, the most obvious answer would be Switzerland. Today, however, Switzerland’s reputation for banking is nowhere near where it once was. Starting in 2009, the US, as chief financial bully, led the charge
August 5, 2014 Vilnius, Lithuania Roughly a month ago, my colleague Tim Price wrote an article exposing CYNK Technology Corp. The day we published, the stock (OTC: CYNK) had a market cap in excess of $1 billion; it rose to more than $6 billion at its peak. All this with one employee, no
August 4, 2014 Kiev, Ukraine There’s nothing more permanent than a temporary government measure, as the old saying goes. I was reminded of it when I came back to Kiev over the weekend and that the Ukrainian government imposed a series of “temporary” taxes to help the war effort. And boy does this
“Let us learn our lessons. Never, never, never believe any war will be smooth and easy, or that anyone who embarks on that strange voyage can measure the tides and hurricanes he will encounter. The statesman who yields to war fever must realise that once the signal is given, he is no longer the master of
August 1, 2014 Tallinn, Estonia What a disaster. For the second time in the last fifteen or so odd years, Argentina has defaulted on its debt. And as we reported a few weeks ago, there was no easy way out. Years ago, most of the creditors that Argentina had stiffed in 2001 agreed
July 31, 2014 Tallinn, Estonia In the absurdly best-selling book The 7 Habits of Highly Effective People, author Stephen Covey wrote about abundance vs. scarcity. With the abundance mindset, people confidently view the world as full of resources and opportunities… that there’s more than enough to share… and that more success is coming
July 29, 2014 Kharkiv, Ukraine Looking back over the past ten years, I can’t even begin to describe all the experiences I’ve had in Ukraine. For a while, I actually owned a business based here. I’ve been travelling here frequently for years. I still have many friends here. Some of our employees are
July 28, 2014 Kharkiv, Ukraine It was a different world in 1983. Michael Jackson invented the Moonwalk. Return of the Jedi opened in theaters across the world. IBM released its most advanced personal computer yet– the XT, with a standard 10 megabyte hard drive. And after nearly a decade of eratic swings and
July 25, 2014 Prague, Czech Republic Less than four weeks after starting his new job, Panama’s President Juan Carlos Varela already has a serious challenge to deal with: empty grocery shelves. This is largely a self-inflicted wound that was bound to happen. Fresh on the heels of his victory in May, the then
July 23, 2014 Barcelona, Spain Sadly today I am reporting to you yet another development that seems as if we are all living within the pages of Ayn Rand’s seminal work Atlas Shrugged. You may recall from the book that John Galt, the enigmatic protagonist, started off as a young engineer at the
July 22, 2014 Andorra Leopold Kohr was a rather obscure Austrian economist from the early 20th century who spent the better part of his career railing against the ‘cult of bigness’. Kohr’s fundamental premise was simple: Big doesn’t work. Big corporations. Big governments. Big countries. There are just too many problems from size.
July 21, 2014 Andorra la Vella, Andorra Russians aren’t exactly known for having a great sense of humor. But the language is full of bizarre, often hilarious expressions like “perebrasyvanie kakashkami”. Literally translated this means “throwing shit”. And it applies right about now—when a bunch of people is standing around blaming one another
July 21, 2014 London, England [Editor’s note: This missive was penned by Tim Price, Director of Investment at PFP Wealth Management in the UK and frequent Sovereign Man contributor.] They call them ‘junk bonds’ for a reason. They now constitute an offence against linguistic decency: ‘high yield’ no longer even is. Consider the
