Category: Trends & News

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Here’s what happened when ancient Romans tried to drain the swamp

In late January of the year 98 AD, after decades of turmoil, instability, inflation, and war, Romans welcomed a prominent solider named Trajan as their new Emperor. Prior to Trajan, Romans had suffered immeasurably, from the madness of Nero to the ruthless autocracy of Domitian, to the chaos of 68-69 AD when, in

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This guy got destroyed by the system

My friend Richard got destroyed by the system. As a financial advisor in Sacramento, California, he spent years building a thriving firm and has even landed a few celebrity clients. Richard did well for himself. Successful. Married. Wonderful kids. Financially secure. But back in 2008 things started to turn sour. His wife left

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Confiscation

About that “Fair Share”

There are two words that kept coming up over and over again over the last 20+ months during the US Presidential circus: “fair share”. Hardly a day went by without hearing that certain taxpayers “need to pay more of their fair share.” It sounds really great, and given the voter statistics, this idea

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Enjoy this four minutes of paradise

In light of the insanity that has transpired over the last several weeks, today I thought I would show you a beautiful, forgotten corner of the world. This is a video that my friend Shawn took of his home in New Zealand. He lives in a very small town, and his house is

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Obama on pace to increase the debt by $2.4 trillion this year

OK, this is pretty nuts. According to data released by the Treasury Department yesterday, the US national debt has soared by a whopping $294 billion since the start of the 2017 fiscal year, just 45 days ago. That’s an annualized increase of 13%. So if they keep up this pace, the national debt

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War on Cash intensifies: Citibank to stop accepting cash at some branches

Less than a week after India’s surprise move to scrap its highest denomination cash notes, another front in the War on Cash has intensified down under in Australia. Yesterday, banking giant UBS proposed that eliminating Australia’s $100 and $50 bills would be “good for the economy and good for the banks.” (How convenient

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Overheard in the Land of the Free

When I was in Texas over the weekend taking a quick break from a whirlwind trip around the world, I went to one of the biggest shopping malls in Dallas to buy a birthday present for the CFO of our agriculture business. The mall is called the Galleria, and it’s particularly interesting for

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No, protestors, you are not entitled to free education

Bleary-eyed from the 16+ hour flight from Asia, I checked my phone last night once the plane landed to find that riots have broken out across the Land of the Free. It was enough to wake me from my jet lag. All the televisions in the airport terminal were showing footage of the

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Most people in the US missed out on this

Several months ago, the voters of the United Kingdom chose to walk away from the European Union. They called it “Brexit”. And it rocked the world. The entire establishment– banks, businesses, media, politicians, celebrities– had been pushing the British people to remain in the European Union. And all the so-called experts scared the

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The cost of this Congressional seat increased 23.5x in 6 years.

What do you think have been the best performing assets over the past several years? Perhaps it’s Facebook stock, whose price is up 3.2x since it debuted in 2012. Or maybe Apple, whose stock has soared 4x since 2010. But neither of those companies’ stock performances holds a candle to Colorado’s sixth Congressional

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Is it Friday? It must be time for another major political scandal

There’s a long-standing joke in international finance that goes “Brazil is the country with the most potential… and always will be.” The idea is that a Brazil, with all of its immense resources and capacity, will never come close to realizing its potential because of how screwed up everything is. The same joke

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Three lessons from safari in Zimbabwe

There’s nothing quite like watching animals in the wild. I’ve spent the past four days at an enormous game reserve in Zimbabwe with a guide who would put Bear Grylls to shame. (Ironically, guides in Zimbabwe are the most highly qualified and well-respected in Africa– they undergo more years of rigorous training and

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Zimbabwe goes down the path of hyperinflation… again.

Some people just don’t learn. After becoming the most famous case of hyperinflation in modern history roughly ten years ago, Zimbabwe is about to have another go at conjuring paper money out of thin air. I’m sure this time will be different. You know the story. Starting in the late 1990s, the Zimbabwe

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