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It’s been three years since the guy with five decades of experience ordered his top military generals, against their advice, to rush their withdrawal out of Afghanistan. So in their haste to comply with the boss’s orders, the US military abandoned billions of dollars worth of equipment— aircraft, guns, tanks— and left it
You wouldn’t be especially impressed by someone’s insight if they told you that the world today is full of turmoil. That’s obvious— from wars and cultural clashes to cost of living crises and a pervasive sense of negativity. More impressive is that William Strauss and Neil Howe predicted that the 2020’s would be
I wanted to do a bit of a deeper dive today on the topic of the national debt— and answer a basic question: is the debt a terminal problem? Or is it still fixable? I actually had a bit of a debate on the topic with my friend and partner Peter Schiff last
It’s impossible to forget those iconic images from the late summer of 2021— helicopters over the US embassy in Afghanistan. Locals dangling from the landing gear of US Air Force cargo planes desperately trying to escape. The US military frantically packing up their gear to leave the country. It had only been a
Over eight hundred years ago, in what is now northwestern China, the Uyghur people— long before they were carted off to internment camps by the Communist Party— ruled their own independent kingdom, known as Qocho. Then, in the year 1209, Genghis Khan sent diplomatic emissaries to Qocho. The message was clear: the Great
It almost sounded like an apology. Almost. On Friday, Federal Reserve Chairman Jerome Powell stood in front of reporters and explained how we got here… and how inflation took hold. To be fair, he rightly diagnosed the root causes: extreme government spending and money printing during the pandemic. And then, when the economy
“Oceania was at war with Eastasia. Oceania had always been at war with Eastasia.” The world of George Orwell’s dystopian classic Nineteen Eighty-Four is divided into three totalitarian superpowers: Oceania, Eurasia, and EastAsia. And the novel’s protagonist, Winston Smith, is a mid-level bureaucrat within Oceania’s “Ministry of Truth”. Early in the book we
Gold recently hit $2,500 marking an all time record high. The reality is, there’s a very good case to be made that gold is still quite cheap compared to its trajectory. It’s possible that in a few years, $2,500 gold could look remarkably inexpensive. Not to be overly dramatic, but Kamala Harris is
I’m currently en route to Chile, where I lived for about eight years from 2011-2018 before moving to Puerto Rico. I remember when I first came down to Chile— the thing I found so remarkable was that it was a relatively conservative place, especially by Latin American standards. Back then the general tone
Just as Peter predicted on Wednesday after the monthly inflation report came out, Joe Biden and Kamala Harris almost immediately went into self-congratulatory mode to brag about how great they are at managing the economy. As President Biden told a gathering of reporters on Wednesday, “I said we’re gonna have a soft landing.
Sometimes I have to ask myself if the people in charge actually know how to read. Honestly I’m not entirely sure. Perhaps they know how to read… but they choose not to do so. Because it’s pretty obvious no one is paying attention to the details in the government most recent inflation report,
I was one of the millions of people listening to the live conversation last night between Elon Musk and Donald Trump. And if you missed it, Trump was Trump. You pretty much know exactly what you’re getting with him, and there weren’t any major revelations. Elon, on the other hand, came off as
He was the most powerful man in the world in the year 1536. But even Charles V– Holy Roman Emperor, King of Spain, Lord of the Netherlands, Duke of Burgundy, Master of the Americas– still needed his mommy. Like many monarchs of his era who lavished themselves with unhealthy diets, Charles had developed
On Wednesday, March 8, 2023, Fed Chairman Jerome Powell was sworn in for testimony in front of members of Congress to deliver remarks about the state of the US economy. Inflation had been raging for well over a year at that point, and, in response, the Fed had rapidly increased interest rates to
Athenian general Miltiades was already a hero across ancient Greece when he set sail for the island of Paros in 489 BC. Born into stardom as the son and nephew of famous Olympic champions, Miltiades made a name for himself as one of the most important and successful commanders in the Greek war
