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March 18, 2015 Santiago, Chile The United States government just went from “Please, baby, don’t leave me,” to frustrated threats and whining. After the UK announced it will join new China-led Asian Infrastructure Investment Bank (AIIB) as a founding member late last week, Germany, France and Italy decided yesterday to follow Britain’s lead
March 17, 2015 Santiago, Chile If you’ve ever been to Bangkok, you’ll know that this place has some of the most notoriously horrendous traffic on the face of the earth. It makes the worst LA gridlock look like Plano, Texas. Any seasoned traveler to Thailand has to plan around it. You never leave
March 13, 2015 Willemstad, Curacao In another awkward blow to the rapidly waning US-dollar hegemony, America and Britain just had their “It’s not you, it’s me” moment. Late yesterday, the government of the United Kingdom announced that they would be applying to join the Chinese-led Asian Infrastructure Investment Bank… as a founding member.
March 11, 2015 Panama City, Panama If Vladimir Putin is remotely capable of laughter (the jury is out on that one…) then he’s probably doing so right now. Russia is once again Arch-Enemy of the United States. It’s like living through a really bad James Bond movie, complete with cartoonish villains. And for
March 10, 2015 San Juan, Puerto Rico Last night I had the distinct pleasure of addressing a group of distinguished investors who are traveling together at sea for the next week or so on a special retreat. The boat was docked in San Juan for the evening, and I flew halfway across the world
March 6, 2015 Tokyo, Japan You know that we talk a lot about the insane level of government interference in our lives. About what we can and cannot put in our bodies. The amount of interest we’re entitled to receive on our savings. Etc. But I’m noticing now even more ridiculous trends of
March 5, 2015 Tokyo, Japan It’s entirely possible that we may see interstellar space travel in our lifetime. And what a dream that would be. But in the meantime, for anyone that’s losing patience with space technology, I would recommend you visit Japan. Because for anybody that has been here, this place is
March 4, 2015 Bangkok, Thailand When I arrived to Bangkok the other day, coming down the motorway from the airport I saw a huge billboard—and it floored me. The billboard was from the Bank of China. It said: “RMB: New Choice; The World Currency” Given that the Bank of China is more than
March 3, 2015 Bangkok, Thailand Only hours ago, Gallup released a new poll showing that only a small minority (just 17%) of Americans still view the US as the world’s economic superpower. Echoing former US Treasury Secretary Larry Summers’ quip, “There is surely something odd about the world’s greatest power being the world’s
March 3, 2015 Bangkok, Thailand Those who have traveled will understand me when I say that you can instantly feel what local people’s attitudes towards you are just from the way they look at you. It’s hard to describe specifically what the differences are… you just feel it. As a traveler this can
February 26, 2015 Singapore Warren Buffett once famously chided that all the gold in the world would form a cube of 67 feet (20 meters) on each side. In doing so, he was attempting to argue that there was no point in owning gold since all the gold in the world would be
February 25, 2015 Singapore In December, Sovereign Man’s Chief Investment Strategist advised our Sovereign Confidential members on a position to take on the RMB. This week we found that this trade is already up by as much as 300%. Now looking at the latest news from China we see that our advice still stands, and even
February 25, 2015 Singapore This is a great example of ‘sovereign risk’: One of my close friends here in Singapore opened a brokerage account last year with Interactive Brokers. If you’re not familiar, Interactive Brokers is a leading securities broker based in Greenwich, Connecticut. You can trade stocks, currencies, options… all that stuff.
February 24, 2015 Singapore At the end of September 2011, just days before his passing, the company that Steve Jobs founded had a $25 billion cash hoard. Nearly half of this was stashed overseas. What’s more, Apple was running billions in profit through multiple Irish subsidiaries, neither of which were taxable by the
February 23, 2015 London, England [Editor’s note: This letter was written by Tim Price, London-based wealth manager.] “We are all at a wonderful ball where the champagne sparkles in every glass and soft laughter falls upon the summer air. We know, by the rules, that at some moment the Black Horsemen will come
