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October 9, 2014 Santiago, Chile The Bank of Korea — South Korea’s central bank — released data that says South Korean domestic deposits have reached 16.19 billion Chinese renminbi in July this year, which is a 55-fold increase from the same period last year when renminbi deposits accounted for only 290 million. According
October 8, 2014 Santiago, Chile In 1863, the United States of America was in the midst of a devastating civil war. Thousands of people had just lost their lives at Gettysburg, and Sherman was preparing for his march to the sea, laying waste to Atlanta in the process. New York City was embroiled
October 7, 2014 Santiago, Chile Now that European Union countries are required by law to keep tabs on illegal activities as part of their economic indicators, we decided to look at some select European countries more closely. The new accounting rules mandated by the EU’s statistics office, Eurostat, include revenue from illegal activities
October 7, 2014 Santiago, Chile Chris Rose was dying from terminal heart disease. He didn’t have long, and before he passed, he wanted to make sure that his 18-month old son received his British passport. When he went to pay the application fee at the British consulate in Hong Kong with cash, they
October 6, 2014 London, England [Editor’s Note: Tim Price, Director of Investment at PFP Wealth Management in the UK and frequent Sovereign Man contributor, is filling in for Simon today.] For the benefit of anyone living under a rock these past weeks, Bill Gross, the so-called “Bond King” and manager of the world’s
October 3, 2014 Santiago, Chile Some of our team members at Sovereign Man are on the ground in Hong Kong and are witnessing first-hand the turmoil that’s been going on there for the past two weeks. It all started on September 22 with grievances over the decision from the Chinese government in Beijing
October 2, 2014 Santiago, Chile In 1324, Mansa Musa, the tenth emperor of the Mali Empire, set off from Western Africa on his pilgrimage to Mecca. This was no Spartan journey. He was accompanied on his way by a procession of 60,000 men and 12,000 slaves, each of whom carried up to four
October 1, 2014 Santiago, Chile The Chinese central bank, People’s Bank of China, issued a press release announcing the authorization of direct trading between the renminbi and the euro on the inter-bank foreign exchange market. This is huge. The euro is the second most traded currency in the world, after the US dollar.
September 30, 2014 Santiago, Chile He had a vision for what the state could be. His vision was a state that was intricately involved in every person’s life from cradle to the grave. It was responsible for their education, it was their place of work and source of income, and it would monitor
September 30, 2014 Santiago, Chile Earlier this month both the New York and Philadelphia Federal Reserves published the results of a survey they conducted asking business owners how the Affordable Care Act has changed how they operate. Bear in mind, healthcare reform was sold on the basis that it would be good for
September 29, 2014 Santiago, Chile “The proletarians have nothing to lose but their chains. They have a world to win. Workers of the world, unite!” Most people remember Karl Marx’s most potent points and phrases, and the mountain of corpses his disciples left behind, especially in the 20th century. However, most forget or
September 29, 2014 Bali, Indonesia [Editor’s note: This note was penned by Sovereign Man’s Chief Investment Strategist Tim Staermose.] A few days ago, Bill Gross, the world’s most famous bond fund manager, sensationally resigned from PIMCO, the firm he co-founded in 1970. Trouble had been brewing behind the scenes at PIMCO for months,
September 29, 2014 London, England [Editor’s note: This letter was written by Tim Price, frequent Sovereign Man contributor and Director of Investment at PFP Wealth Management in the UK.] “Politicians and diapers have one thing in common. They should both be changed regularly, and for the same reason.” – Anonymous. The French statesman
We like to think of the solutions we provide here at Sovereign Man as seatbelts—common sense tools you might never need it, but could save your life in a real emergency. If you live, work, bank, own property, invest, structure a business, store gold, etc. all in the same country of your citizenship,
September 25, 2014 Sovereign Valley Farm, Chile For the last four years we’ve been railing against the Foreign Account Tax Compliance Act as one of the dumbest, most arrogant laws ever passed in the history of the world. FATCA, as it’s known, was signed into law in 2010 in an effort to ‘clamp
