Latest Articles

Why you’re likely exposed to one of the dumbest investments in history

Last June, in one of the most egregious displays of economic insanity, Argentina was able to raise $2.75 billion by selling bonds with a ONE HUNDRED YEAR maturity.

Even more miraculously, the bond turned out to be wildly popular with investors.

So basically investors willingly forked over billions of dollars to a country that has a history of defaulting on its debt, confiscating private assets, and engaging in rampant corruption… for an entire[...] Click here to continue reading

America’s long-term challenge #3: destruction of the currency

On April 2, 1792, George Washington signed into law what’s commonly referred to as the Mint and Coinage Act.

It was one of the first major pieces of legislation in the young country’s history… and it was an important one, because it formally created the United States dollar.

Under the Act, the US dollar was defined as a particular amount of copper, silver, or gold. It wasn’t just a piece of paper.

[...] Click here to continue reading

HUGE opportunity in Puerto Rico… and the developed country whose looming debt crisis is far worse

We just finished a really -sensational- conference here in San Juan over the weekend showcasing Puerto Rico… with all of its challenges and opportunities.

We've talked about this before-- Puerto Rico is an attractive place to live and do business thanks to some forward thinking tax incentives which stem from its unique status as a US territory.

All US territories, including Puerto Rico, American Samoa, US Virgin Islands, etc. are technically part of[...] Click here to continue reading

093: The future of crypto in Puerto Rico and avoiding fanaticism

I’m writing from San Juan, Puerto Rico today.

The Sovereign Man team is here to host 150+ Total Access members over the weekend.

And on today’s podcast, we discuss the amazing tax benefits in PR... and why crypto wealth is flocking to the island.

These people think crypto is going to the moon. And by being residents in PR, they’ll pay 0% capital gains tax on any appreciation after they move here.
[...] Click here to continue reading

America’s long-term challenge #2: the looming retirement crisis

Last week, the financial services giant Northwestern Mutual released new data showing that 1 in 3 Americans has less than $5,000 in retirement savings.

It’s an unfortunately familiar story. And Northwestern Mutual’s data is entirely aligned with other research we’ve seen in the past, including our own.

The Federal Reserve’s most recent Survey of Consumer Finances, for example, shows that the median bank balance among US consumers is just $2,900.

And Bank[...] Click here to continue reading

It gets worse: Tesla now has to compete with $50,000 electric BMWs going for $54/month

As if things weren’t bad enough for beleaguered Tesla…

The company lost $1.1 billion in cash in the last quarter, executives are leaving the company in droves, it’s facing production issues with its Model 3 and, as I recently discussed, Elon Musk insulted analysts on the latest earnings call by dismissing their questions – regarding the company’s survival – as “boring” and “boneheaded,” (just after shareholders approved his obscenely large pay package).

Now,[...] Click here to continue reading

Breaking down America’s worst long-term challenges: #1- Debt.

On October 22, 1981, the national debt in the United States crossed the $1 trillion threshold for the first time in history.

It took nearly two centuries to reach that unfortunate milestone.

And over that time the country had been through a revolution, civil war, two world wars, the Great Depression, the nuclear arms race… plus dozens of other wars, financial panics, and economic crises.

Today, the national debt stands at more[...] Click here to continue reading

One family’s TWO YEAR nightmare of having their child taken by the state

This one is really infuriating.

It started back in 2016… on April 6th to be specific. A Philadelphia-area mother walked into a clinic because her 7-month old baby was being excessively fussy.

The doctor performed a cursory examination, concluded the baby had an ear infection, and prescribed an antibiotic.

Later that day, the mother noticed what seemed like a bone popping in the baby’s side and thought this might be the source[...] Click here to continue reading

Meet America’s next pension casualty: the inventor of chocolate sprinkles

In 1923, a young Jewish immigrant from a small town in modern-day Ukraine founded a candy company in Brooklyn, New York that he called “Just Born”.

His name was Samuel Bernstein. And if you enjoy chocolate sprinkles or the hard, chocolate coating around ice cream bars, you can thank Bernstein-- he invented them.

Nearly 100 years later, the company is still a family-owned business, producing some well-known brands like Peeps and Hot Tamales.
[...] Click here to continue reading

“Bitcoin will go to $40,000 this year. . .”

Every year around this time I attend a small, private event to break bread with some of the most invigorating people I know.

There’s only about 100 people in the room-- but they’re all at the top of their game… business and intellectual leaders from a variety of industries.

And we gather each year to build relationships with one another and hear about some cutting edge ideas that are usually 2-3 years from[...] Click here to continue reading