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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 few years, one
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 deposit rates to
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– it’s true that
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 it unique– is
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 one million German
[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 prime minister of
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 the planet that
May 29, 2014 Santiago, Chile “Every fool aspired to be a knave,” wrote Charles Mackay in his seminal work Extraordinary Popular Delusions and the Madness of Crowds (1841). Mackay was talking about the South Sea Bubble of 1720—an epic financial disaster in which the stock price of Britain’s South Sea Company soared from
May 29, 2014 Santiago, Chile Prof. Ken Rogoff’s book ‘This Time is Different: Eight Centuries of Financial Folly; is one of the best researched public works on the subject of sovereign debt. And Rogoff’s conclusions (though hotly contested due to an ‘Excel error’) were that, sensibly, governments which accumulate too much debt get
May 28, 2014 London, England [Editor’s note: This post comes from Tim Price, frequent Sovereign Man contributor and Director of Investment at PFP Wealth Management in the UK.] “I don’t know what to say. I’ve been investing since January and I’ve never seen anything like it.” – Unnamed Hong Kong housewife during the
May 27, 2014 Santiago, Chile In 113 BC, a major scandal erupted across the Roman Republic as three sacred vestal virgins stood accused of incestum– violations of their sexual purity. The special prosecutor brought out of retirement to try the case was Lucius Cassius Longinus Ravilla, a famous judge and former consul whose
May 23, 2014 Santiago, Chile One of the most intellectually disingenuous statements made by western policymakers is that inflation is tame… nonexistent. For example, the minutes released this week from the most recent Federal Reserve policy meeting said that the Fed saw NO inflation risk in ‘fueling job growth’ [i.e. printing money]. So
May 22, 2014 Sovereign Valley Farm, Chile In a way it’s part of the rat race. Go to school. Study hard. Get a good job. Buy stocks. Anyone from a developed western nation is almost expected to start investing in the market at some point in his/her life. “How’s your portfolio…?” goes the
May 21, 2014 Sovereign Valley Farm, Chile Busy day today… one of those days that reminds me how fast things are moving, and how quickly this version of our monetary system is being reset. Out of Beijing, Chinese financial magazine Caijing has reported that the vice president of China’s central bank Pan Gongsheng
Learn How You Can Get a Valuable Second Passport From St. Kitts and Nevis Through Citizenship By Investment AUTHOR LAST UPDATED The St Kitts and Nevis Citizenship By Investment program is widely regarded as the grandfather of CBI programs worldwide. Offering donation and property investment options, the program boasts a high-quality passport and