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This bubble finally burst. Which one’s next?

Like so many other high-flying Silicon Valley startups, Clinkle was supposed to ‘make the world a better place’.

Founded in 2011 by a guy barely out of his teens, the company picked up early buzz after proclaiming they would disrupt mobile payments. Or something.

Silicon Valley venture capital firms were apparently so impressed with the idea that they showered the company with an unprecedented level of cash.

(Given that investing in an[...] Click here to continue reading

New Poll: Record number of Americans want MORE government in their lives

In a poll conducted a few days ago by NBC News / Wall Street Journal, a record 57% of Americans responded that they want MORE government in their lives, and that the government should be doing more to solve people’s problems.

That’s the highest percentage since they started asking this question in 1995.

In fact, 57% is nearly double what people responded in the mid-90s.

Furthermore, the number of Americans who feel[...] Click here to continue reading

The last time this happened the market crashed

A few days ago Charles Schwab, the investment brokerage firm, announced that the number of new brokerage accounts soared 44% during the first quarter of 2017.

More specifically, Schwab stated that individual investors are opening up stock trading accounts at the fastest pace the company has seen in 17 years.

17 years.

Anyone remember what happened 17 years ago?

Oh right. The Dot-com bubble burst.

After years of unbelievable[...] Click here to continue reading

Finally. The Breakthrough.

Finally, the breakthrough.

After months of experimentation and failure, I finally managed to crack the code and successfully distill my first batch of homemade ethanol.

I botched the job the first seven times and ended up with useless buckets of goo, so I’m pretty excited right now.

It turns out that it’s not even that hard.

I started with unused fruit that literally falls off the trees in my organic[...] Click here to continue reading

Don’t hold your breath for any comprehensive tax reform. But here’s something you can do now

On October 22, 1986, the world was an entirely different place.

The Soviet Union still loomed, as did the threat of nuclear annihilation.

Most people had no idea how to use a computer, let alone even heard of the “Internet” (which at the time was still a military communications project.)

Hardly anyone had ever seen a cell phone. And with a $4,000 price tag, even fewer people owned one.

[...] Click here to continue reading

The banking industry abuses its customers worse than United Airlines

Last week the Internet was ablaze with disgust after a man was physically dragged off a United Airlines flight.

What’s amazing, though, is that there are countless cases of another industry abusing its customers in far, far worse ways than the airlines.

I’m talking, of course, about the banking industry.

1. Banks treat you like criminal suspects too.

Sure, United had a man dragged away like he was a rape suspect[...] Click here to continue reading

A polite history of government “predictions”

Recently the Congressional Budget Office published a scathing report that the US government debt-to-GDP ratio will double over the next 30-years.

Few government agencies are as blunt as the Congressional Budget Office.

In fact the agency’s report plainly states that “the prospect of such large and growing debt poses substantial risks for the nation. . .”

Echoing this sentiment, a former director of the Congressional Budget Office called the US debt:
“a[...] Click here to continue reading

How to cut your taxes no matter what your situation

On the plane ride back to Chile last night, I was sitting next to a particularly chatty woman who wanted to know my whole life story and what I was doing in Mexico.

I played along and explained to her that I had been on a cruise for the past week speaking at an investment conference.

“Oooooooh,” she said, and then inquired what I had been speaking about.

That’s when the conversation[...] Click here to continue reading

200 lines of code will disrupt this multi-trillion dollar industry

To paraphrase that great scene from Airplane, it looks like I picked the wrong week to unplug from the Internet.

Aside from a few hours when we docked in Honduras last week, I was on a self-imposed Internet exile and went several days devoid of any communication with the outside world.

I missed a major scandal at the Fed, another terror attack in Europe, the start of a US military campaign in Syria,[...] Click here to continue reading

What I learned about the US real estate market this week

For the last several days I’ve been speaking at an investment conference organized by my friends Robert Helms and Russell Gray.

It’s been great so far, and my fellow speakers here include the legendary Robert Kiyosaki, G. Edward Griffin, Peter Schiff, and many more.

One of the key themes so far in the event is that there are likely problems ahead for the US real estate market.

On the first day I[...] Click here to continue reading