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December 31, 2013 Sovereign Valley Farm, Chile The other night I played my first game of Monopoly in probably 20 years. One of my friends gave me the infamous board game for Christmas, and as I’ve had a lot of guests down here over the last few days, we all thought we’d give
December 27, 2013 Sovereign Valley Farm, Chile In September 1939, six days after the United Kingdom declared war on Germany, Charlie Chaplin began filming one of his most epic films ever… and the first “talkie” for the silent film star. It was a courageous project– the ‘Great Dictator’ directly poked fun at Adolf
December 20, 2013 Sovereign Valley Farm, Chile In investing, it’s often said that nothing goes up or down in a straight line. Stocks, bonds, commodities… they all go through periods of growth, correction, collapse, mania, etc. We’re seeing this right now with respect to a substantial decline in the nominal gold price after
December 19, 2013 Sovereign Valley Farm, Chile You probably heard the announcement yesterday: the Fed decided to reduce its unprecedented bond-buying program from $85 billion a month to “only” $75 billion. The reaction all around the world from financial analysts and commentators shows that decisions made behind closed doors by a handful of
December 17, 2013 Santiago, Chile According to a recent survey by the Pew Research Center, just 33% of Americans think their children will have a better life than they did. On the other hand, 62% believe their children will be worse off. They’re likely to be right. The typical American family has seen
December 16, 2013 Sovereign Valley Farm, Chile Though still a week shy of its centennial anniversary, the US Federal Reserve will hold a celebration this afternoon in Washington DC. (They’re even live-streaming it… http://www.ustream.tv/federalreserve) Just imagine the scene– a bunch of current and former central bankers slapping each other on the back, congratulating
December 13, 2013 Sovereign Valley Farm, Chile One of the things we talk about routinely in this column is the fraudulent nature of the global monetary system. When you step back and look at the big picture, it seems ludicrous. We have essentially awarded totalitarian control of our money supply to a tiny
December 12, 2013 Sovereign Valley Farm, Chile The IMF just dropped another bombshell. After it recently suggested a “one-off capital levy” – a one-time tax on private wealth as an exceptional measure to restore debt sustainability across insolvent countries – it has now called for “revenue-maximizing top income tax rates”. The IMF’s team
December 11, 2013 Santiago, Chile Earlier this week, Start-Up Chile announced the next round of new businesses who have been accepted to the program. If you’re not familiar with it, Start-Up Chile is a government program that provides $40,000 in equity-free seed capital (plus a residency visa) to entrepreneurs and their startup companies
December 10, 2013 London, England [Editor’s Note: Tim Price, Director of Investment at PFP Wealth Management and frequent Sovereign Man contributor is filling in for Simon today.] For practitioners of Schadenfreude, seeing high-profile investors losing their shirts is always amusing. But for the true connoisseur, the finest expression of the art comes when
December 9, 2013 Santiago, Chile Mohamed Bouazizi. It’s not a name that means much to most people. But you’ll recall his story. Frustrated with the absurd amount of regulation and corruption that prevented him from being able to put food on the table for his family, Bouazizi was the 26-year old Tunisian fruit
December 5, 2013 Sovereign Valley Farm, Chile This morning I woke up bright and early to participate via the Internet in a live auction that was being held halfway across the world. The Hong Kong branch of Spink & Son, a British firm originally founded in the mid-1600s, was putting a series of
On the other side of the world today, a couple of gentlemen that few people have ever heard of signed an agreement that has massive consequences for the global financial system. It was a Memorandum of Understanding signed by representatives of the Singapore Exchange and Hong Kong Exchange. Their aim– to combine their
December 3, 2013 Santiago, Chile At this point, you’d pretty much have to be living under a rock to have not heard of Bitcoin. I actually asked this question (‘have you been living under a rock?) to someone recently who proudly proclaimed that he had never heard of Bitcoin, almost expressing gratification in
December 2, 2013 London, England [Editor’s Note: Tim Price, Director of Investment at PFP Wealth Management and frequent Sovereign Man contributor is filling in for Simon today.] In 1983, commodities trader Richard Dennis set out to show that anybody could trade profitably provided they were taught some simple rules. His partner, William Eckhardt,