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August 26, 2015 Spoleto, Italy It couldn’t be any more beautiful here. Every year we descend upon the Umbrian countryside here in Italy, about 2 hours northeast of Rome for a retreat. It’s a time and place reserved to foster relationships with friends, colleagues, and members of our Sovereign Man community, where three
August 21, 2015 Rome, Italy For at least the last decade, China has been positioning the renminbi to take over as the world’s reserve currency. Over the years they’ve gradually established credibility for the currency on world markets, and have begun strategically chipping away at the institutions cementing the US dollar’s dominance. This
August 20, 2015 Rome, Italy If I wrote down the term ‘imaginary number’, you’d probably think I was talking about some central bank economic forecast or government budget projection. But in mathematical parlance, an imaginary number is defined as the square root of a negative number. You know that the square root of
Paris, France August 19, 2015 Earlier today I had a great meeting with a government minister in Antigua, who’d phoned to update me on their economic citizenship program. If you’re not familiar, an economic citizenship is a legal process backed by formal legislation whereby an investor can make a large donation or investment
August 17, 2015 Paris, France Deep within one of the darkened parking garages of Terminal 1 at Charles de Gaulle airport, there’s an attractive young French girl who’s desperately trying to manage an entire fleet of rental cars by herself. She’s basically the only person working the garage for one of the major
August 12, 2015 Istanbul, Turkey As the saying goes, “Fool me once, shame on you. Fool me twice, shame on me.” (… to which George W. Bush famously added after flubbing the aphorism on live TV, “can’t fool me again!”) For months, despite every shred of data pointing to a weaker economy, China’s
August 11, 2015 Istanbul, Turkey When I was a kid, I ‘accidentally’ lit my parent’s living room carpet on fire. A friend of theirs had been over the night before and left his cigarette lighter on the coffee table. And as I had never seen such magical technology before as instant fire at
July 31, 2015 Lausanne, Switzerland On June 6, 1932, President Herbert Hoover imposed the first ever national gasoline tax in the United States, initially set at 1 cent per gallon. It was a major success for the federal government; the tax on gasoline alone was responsible for over 15% of their 1933 tax
July 30, 2015 Lausanne, Switzerland Usain Bolt has got nothing on Leonidas of Rhodos. Born nearly 2,000 years ago, Leonidas holds the record as the greatest sprinter of all time, winning more Olympic titles than anyone else in human history. At four straight Olympic games, Leonidas dominated all three sprinting events– the Stadion
July 29, 2015 Aritzo, Sardinia, Italy On January 31, 1940, the very first Social Security check ever delivered went to Ms. Ida May Fuller, a former legal secretary who had recently retired. Ms. Fuller had spent just three years paying into the system, contributing a total of $24.75 to Social Security. Yet her
July 28, 2015 Aritzo, Sardinia, Italy High up in the mountains of central Sardinia, it’s hard to even think about finance. The weather is perfect. Sunshine abounds. The vistas are absolutely incredible. The food is amazing. This is definitely one of the nicest places I’ve ever been. And yet it’s almost impossible to
July 21, 2015 Prague, Czech Republic I’m at a complete loss for words. I keep waiting for the deep baritone of that guy who voices all the action movie trailers to chime in. But it doesn’t come. Because this all real. I’m talking about the trailer George Clooney has just released to promote
Hanoi, Vietnam July 17, 2015 As Europe burns, Puerto Rico sinks, and China violently gyrates, it’s nice to know there are still some exciting bright spots of growth in the world. Vietnam is certainly one of them. The first thing you should know about Vietnam is that it’s a really wonderful place to
July 16, 2015 Kunming, China “The first form of culture,” wrote historian Will Durant, “is agriculture.” And he was right. When human beings discovered 10,000 years ago that the soil would provide more food than they could possibly eat, this changed everything. For the first time ever, early humans could actually work WITH
July 15, 2015 Kunming, Yunnan province, China It’s here in southwestern China’s postcard-perfect Yunnan province that the mighty Mekong River rises. From its source in a nearby mountain range, the river proceeds south, cutting its way across Southeast Asia’s fertile lands through Burma, Laos, Thailand, Vietnam, and Cambodia. The Mekong is hugely important;
