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April 6, 2015 Santiago, Chile Last week, the government of China closed the enrollment window to join its new Asian Infrastructure Investment Bank (AIIB) as a ‘founding member’. The AIIB, if you haven’t heard of this yet, is designed to essentially displace the Western-controlled IMF and World Bank. And prior to last Tuesday’s
April 2, 2015 Sovereign Valley Farm, Chile Every few centuries or so, an amazing new technology comes along that fundamentally changes human civilization. There are so many other examples throughout history. The Agricultural Revolution. The Industrial Revolution. The invention of the printing press. The printing press was a particularly interesting parallel for what’s
April 1, 2015 Santiago, Chile Several months ago, the government of Australia proposed to tax bank deposits up to $250,000 at a rate of 0.05% (5 basis points). Their idea was for the money to be invested in a rainy day Financial Stabilization Fund to insure against in the unlikely event of a
March 31, 2015 Sovereign Valley Farm, Chile Yesterday we discussed the utter insanity of the debt-based education system—the trillion+ dollar explosion of student loans out there that may very well be the next bubble to burst. It’s a completely ridiculous system which saddles 22-year olds with tens of thousands of dollars of debt
March 30, 2015 Sovereign Valley Farm, Chile What I’m about to tell you is not my own opinion or even analysis. It’s original data that comes from the United States Federal Reserve and national credit bureaus. 40 million Americans are now in debt because of their university education, and on average borrowers have
March 25, 2015 Santiago, Chile Now it’s Austria, Switzerland, and Australia that have joined dozens of other countries around the world in the anti-dollar alliance. These nations, which also include most US ‘allies’ in Western Europe like Germany, France and the UK, have all signed on to be founding members of China’s new
March 24, 2015 Santiago, Chile French paper Le Parisien didn’t mince words in the headline: “La chasse au cash est lancee”. Basically ‘hunting season on cash is launched’. Under the auspices of fighting terrorism, France’s Minister of Finance, Monsieur Michel Sapin, has rolled out a series of eight new restrictions aimed specifically at
March 19, 2015 Sovereign Valley Farm, Chile Early last week, I had the privilege of sitting down for dinner with Robert Kiyosaki and his wife Kim. Now, if you’ve never read any of their books, I highly recommend you go check them out, especially Robert’s first book: Rich Dad, Poor Dad. Rich Dad,
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