Category: Trends & News

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500 years later, the revolution is just beginning

500 years ago to the day, on October 31, 1517, a German monk of the Augustinian order named Martin Luther sent a letter to his Archbishop expressing concern about certain practices of Church officials. In Luther’s era it had become typical for clergymen to sell ‘indulgences’ to anyone who wanted to be pardoned

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The US government quietly added $200+ billion to the debt this month alone.

There’s been something happening this month that very few people have noticed. It’s been lost beneath all the other headline-dominating news, from the Las Vegas shooting to Harvey Weinstein to the Mueller investigation. But very quietly behind the scenes there’s been an extremely rapid uptick in the US national debt. In the month

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Science tells us this is all true

On April 30, 1934, under pressure from Italian-American lobby groups, the United States Congress passed a law enshrining Columbus Day as a national holiday. President Franklin Roosevelt quickly signed the bill into law, and the very first Columbus Day was celebrated in October of that year. Undoubtedly people had a different view of

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The US government lost nearly $1 trillion in FY2017. Again

There was a time, centuries ago, that France was the dominant superpower in the world. They had it all. Overseas colonies. An enormous military. Social welfare programs like public hospitals and beautiful monuments. Most of it was financed by debt. France, like most superpowers before (and after), felt entitled to overspend as much

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Nightstick Democracy at its finest…

The last several days in Venezuela have been absolutely mind-blowing. Pretty much all the stories you’ve heard are true– countless people eating out of garbage cans, the appalling shortages of basic staples like food, medicine, and even soap… and the lines. Oh boy, the lines. The longest lines I saw, in fact, were

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This is what $100 buys you in Venezuela

The gunfire on the streets near my hotel started around 9pm last night. The sound is unmistakable, especially at night on an otherwise quiet city street. I had recently returned to the hotel after a few evening meetings. And coming back after dark it was as if they had rolled the sidewalks up

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The real story behind America’s new $20 trillion debt

Late yesterday afternoon the federal government of the United States announced that the national debt had finally breached the inevitable $20 trillion mark. This was a long time coming. It should have happened back in March, except that a new debt ceiling was put in place, freezing the national debt. For the last

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The three best tips for saving a fortune on travel from Simon Black

I’ve probably consumed more airline food than anyone I’ve ever met. It’s not great for my health. But it comes with the territory. Over the past decade, I’ve hit nearly every country on the planet, sometimes traveling 250+ days per year. I travel for business: Sovereign Man’s entire premise, when I started it

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… and now for the bad news

In the late 1760s and early 1770s, the government of France was in a deep panic. They had recently suffered a disastrous and costly defeat in the Seven Years War, and the national budget was a complete mess. France had spent most of the previous century as the world’s dominant superpower, and the

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Nine years later, Greece is still in a debt crisis…

Sometimes you have to marvel at the absurdity of the financial universe in which we live. On one side of the Atlantic, we have the United States of America, which triggered yet another debt ceiling disaster last Thursday when the US government’s maximum allowable debt reset to just over $20 trillion. Of course,

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What do these CEOs know that we don’t?

Last night a good friend of mine came over for dinner. He’s originally from Poland, and growing up there he heard a lot of bizarre stories about what it was like during the Nazi invasion and World War II. In 1939, even as 1.5 million German soldiers prepared to invade, the general mood

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How one Silicon Valley entrepreneur lost his faith in the system

Today I’m going to introduce you to my friend Ben, easily one of the most unique, intelligent people I know. I first met Ben at my summer Liberty and Entrepreneurship camp several years ago. He had recently dropped out of Harvard after winning the prestigious Peter Thiel fellowship, which has an incredibly competitive

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The most shocking revelation from the CIA spying scandal

It happened again– another spying scandal in the Land of the Free. Yesterday Wikileaks released 8,761 CIA documents detailing the agency’s hacking of smart phones, routers, computers, and even televisions. These files reveal that the CIA can and has hacked devices that were supposedly secure– iPhones, iPads, and Android devices. The documents further

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Sock puppets and vomiting ghosts

[Editor’s note: This letter was written by Tim Price, manager of the VT Price Value Fund and frequent Sovereign Man contributor.] It was at the height of the dot-com bubble in 1999 that The Onion famously satirized the epically irrational stock market: “Anabaena, a photosynthesizing, nitrogen-fixing algae with 1999 revenues estimated at $0

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