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Surprise! Guess where the world’s most profitable banking center is…

November 28, 2011 Santiago, Chile If the global financial crisis has taught the world anything, it’s that there is massive weakness running through western banking systems. The big banks in New York and London, once considered to be the strongest and most stable in the world, have been completely exposed for what they

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You definitely want to avoid this

November 27, 2011 Santiago, Chile Some friends and I spent most of the weekend touring the future site of our resilient community in central Chile, just a few hours’ drive south of Santiago on a very modern highway. As I’ve mentioned before, the site sprawls across roughly 1,000 acres in a gorgeous setting;

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Are there any disadvantages to a second passport?

November 25, 2011 Santiago, Chile I can’t even begin to describe how happy I am to be back in the land of the free… and yes, I’m talking about Chile. I arrived a few days ago to beautiful summertime weather (remember, the seasons are flipped down here in the southern hemisphere). As usual,

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Three quick things to look at today

November 24, 2011 Santiago, Chile Today, a lot of readers are enjoying time with friends, family, fowl, and football. Others are perhaps commemorating the first day of the Roman solstice holiday Brumalia. Still others may be celebrating Teacher’s Day in the Republic of Turkey. And for others, it’s just Thursday. Here in Chile,

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The government is getting prepared. What about you?

November 21, 2011 Dallas, Texas, USA Did you hear about the latest civil unrest in Syria? Police in full riot gear swarmed peaceful students who were staging a completely non-violent, human-chain sit-in at a university campus. The Syrian police came up at point-blank range and hosed these kids down with pepper spray. If

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Your monies and positions are not safe

Denver based Barnhardt Capital Management is a futures brokerage firm that focuses on agriculture, round-the-clock broker access, and inexpensive commissions. At least, it used to be. Barnhardt shuttered its operations yesterday after six-years in the business. The firm’s founder Ann Barnhardt posted the reasons online for the entire world to see: “I could

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Can you see this gorilla?

I had lunch yesterday with one of the sharpest financial minds I’ve met in a long time at a rather picturesque setting overlooking Evergreen Lake, west of Denver. The restaurant patrons were all well-to-do residents of this wealthy community… in fact, the whole area is like a bubble, largely shielded from any negative

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Imminent Threat

November 16, 2011 Golden, Colorado Longtime readers know that I don’t spend much time in the United States; I usually swing by for a month or so each year to visit friends and family, and the period in-between visits can often stretch 6-months or more. This is sufficiently long enough that I notice

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“They treat me better than Bono here…”

November 14, 2011 Manila, Philippines [Editor’s note: Tim Staermose is filling in for Simon Black today.] In the back of a chauffeured SUV limo, my friend Phil recently told me, “What I love about coming to the Philippines is that I feel like a rock star… not like at home where I’m a

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Four reasons to open an offshore bank account now

November 11, 2011 Las Vegas, Nevada There’s a lot to cover today, so let’s dive into this week’s questions. First, Charles asks, “Simon, when you write about international diversification, I appreciate that you have so much personal experience. Multiple passports, overseas business, foreign bank accounts, storing gold abroad, etc., you’ve actually done it

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Why China is headed for a fall

November 10, 2011 Manila, Philippines There’s a key concept in economics called the law of diminishing returns. It sounds complex, but it’s actually very easy to understand. Imagine for a moment that there are two towns cut off from each other by a vast river. Communications and trade are infrequent at best. But

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The most dangerous woman in America

Christina Romer is the most dangerous woman in America right now. As an economics professor at the University of Berkeley, she’s charged with educating the next generation of productive citizens. She also formerly chaired the Council of Economic Advisors under President Obama. One would think that a person with that level of influence

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Why cash is a great place to be right now

November 7, 2011 Manila, Philippines [Editor’s Note: Sovereign Man Chief Investment Strategist Tim Staermose is filling in for Simon today.] Last week, I sent my 4th Pillar subscribers an issue warning them of a sharp rally in the US dollar. Since then, the euro has fallen from above 1.40 to 1.379.  The pound

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This is the only way to change the system

November 4, 2011 Taipei, Taiwan Late in the evening on November 4, 1605, an English soldier named Guy Fawkes took up his position deep in the cellars beneath the House of Lords in London’s Westminster Palace. He was armed with 36 barrels of gunpowder and intended to blow up the building, taking King

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The other part of international diversification…

November 3, 2011 Taipei, Taiwan In our regular conversations, we’re constantly talking about the importance of diversifying overseas, what I call “planting multiple flags.” But international diversification is more than just second passports and offshore bank accounts. You see, every country on the planet has something to offer. Sure, asset protection is important…

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