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May 11, 2015 Santiago, Chile Under the republic of Ancient Rome, to be a citizen was an unparalleled status that people throughout the entire known world aspired to achieve. Roman citizens were granted very special privileges and benefits. The right to vote. The right to stand for election. The right to engage in
Roughly 100 kilometers outside of Medellin, Colombia’s second largest city, is a veritable paradise. I spent an incredible weekend with some friends there, high up in the Andes riding horseback and exploring the quaint coffee villages of Colombia’s beautiful highlands. It was amazing. The weather is just perfect. The high altitude at about
May 7, 2015 Victoria, Chile Boris and Svetlana were simple farmers back in the old Soviet era. They grew grapes on Russia’s bountiful Caspian coast, dried them in the sun, and sold raisins according to the quotas set by the committee. Every year the Soviet Union’s Raisin Administrative Committee (RAC) would regulate production,
![Here’s a startling fact about Mr. Obama’s new budget [AUDIO]](https://cdn.schiffsovereign.com/wp-content/uploads/2015/02/Obama-Budget-Debt.webp)
May 5, 2015 Sovereign Valley Farm, Chile Well, it was bound to happen sooner or later. Our beloved amigos at the US Financial Crimes Enforcement Network (FinCEN), have just issued the first-ever ‘civil enforcement action’ against a virtual currency. The offending criminal mastermind in this case? Ripple Labs. If you’re not familiar, Ripple
May 4, 2015 Sovereign Valley Farm, Chile It was another time. Another era. Another superpower. Great Britain’s was the largest economy in the world in 1873. And it showed. The British pound dominated world trade and was the most widely used reserve currency on the planet. And London was the undisputed epicenter of
April 30, 2015 En route from Mexico City, Mexico I’m certainly a proponent of taking advantage of everything the world has to offer. This includes looking for nice places all over the world. I love spending time in Thailand, Italy, Chile, Croatia, Brazil… But sometimes we forget what’s in our own backyard. It’s
April 28, 2015 Cancun, Mexico One of my favorite historians is a guy named Will Durant. Durant is unfortunately no longer with us, but he and his wife Ariel made history more interesting than all the soap operas my mother used to watch when I was a kid. I thought about something he
April 27, 2015 Cancun, Mexico What an incredible experience. We just spent the last three days with 375 of the most interesting people I’ve ever met down here in Cancun. Our Global Offshore and Investment Summit was absolutely jam-packed. And a ton of fun. We were joined by brilliant financial luminaries like Dr.
April 21, 2015 Cancun, Mexico Imagine having a net worth of $57 billion. That sounds like a lot. And for the few folks out there like Bill Gates, Warren Buffett, and Vladimir Putin who have racked up such a prodigious amount, it is a lot. But not if you’re the US Federal Reserve.
April 20, 2015 En route to Mexico In October 1925, English mathematician Karl Pearson began publishing a multipart series of groundbreaking articles in the Annals of Human Eugenics. The series was entitled, “The Problem of Alien Immigration into Great Britain, Illustrated by an Examination of Russian and Polish Jewish Children,” and it went
April 17, 2015 Sovereign Valley Farm, Chile Let’s talk about idiots. Somewhere out there, some absurdly well-paid banker just placed his investors’ capital in yet another financial instrument which is guaranteed to lose money: Australian government debt. 47 investors participated in the Australian government’s $200 million bond tender; the participants typically bid the
April 14, 2015 Santiago, Chile 70 years ago, the United States of America had just emerged from World War II as the most dominant superpower in the world. At that point America’s economy was the only one left standing. And the US government had essentially dictated terms in establishing a new global financial
April 13, 2015 Santiago, Chile On March 16, 1936, the government of the United States published the very first edition of the Federal Register. President Roosevelt had been taking a lot of heat over the previous year; under his New Deal program, dozens of government agencies were passing new rules, regulations, and codes
April 10, 2015 Panama City, Panama After an incredibly pleasant week in Medellin, I departed this morning for Panama where the capital city’s already notoriously painful traffic has become a parking lot in the wake of the Summit of the Americas. Leaders from most of the Western Hemisphere are here for the summit,
April 7, 2015 En Route to Colombia Despite being an otherwise staid, traditional news service, the professional banking division of the Financial Times recently released an utterly scathing assessment of the British economy. It was entitled, “The UK economy is a ticking time bomb,” and the editor didn’t pull any punches in completely