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Three strikes against Social Security’s already dismal batting average

[Editor's note: While Simon is traveling today, other members of the Sovereign Man team penned today's missive.]

This doesn’t make front page news… But it should.

Every year, cost of living adjustments increase Social Security benefits.

Over the past decade, payouts have increased by an average of 1.66% per year, according to the Social Security Administration (SSA).

But for 2019, the increase will be 2.8% to keep pace with inflation.

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Own a business? Consider this approach to slash your tax bill

By the middle of the 11th century in the town of Coventry, England, the local townspeople had spent years under the oppressive regime of their ruler, Leofric of Mercia.

Leofric taxed his people heavily... which was commonplace in the Middle Ages.

Feudal barons were extremely creative in taxing trade and commerce, demanding egregious tolls from merchants who passed through their lands and waterways.

Clive Day’s book History of Commerce describes the absurd[...] Click here to continue reading

Is crypto finished?

Think back to this time last year, around 2017’s Thanksgiving holiday in the US. . .

As you probably remember, BITCOIN was the dominant theme of the day, whether around the dinner table or in the news headlines.

Crypto prices had soared throughout 2017, climbing from $1,000 at the beginning of the year to around $7,500 by last November’s Thanksgiving holiday.

Then, over the course of that single weekend, Bitcoin jumped to[...] Click here to continue reading

099: Get the Pitchforks, the rich kids have nice jackets

Between the year 1054 and 1224, there were 83 civil wars in Russia. That’s about one civil war every two years.

Through the middle ages, feudal lords were periodically murdered in peasant revolts. When people sense too much unfairness in the system, the pitchforks come out.

Wealth and inequality have been with us for all of recorded human history, and probably before that.

Things get rocky when that gap grows large enough,[...] Click here to continue reading

An update from my time in Puerto Rico (and some signs of the top here)

I’ve been on the ground in Puerto Rico over a month now.

And let me tell you, Puerto Rico has it all… The good, the bad, the ugly, and the amazing.

Technically, Puerto Rico is part of the US. If you drive around, you’ll see all the normal stuff from the mainland, from Cheesecake Factory to Costco. Amazon also delivers to the island. It takes a bit longer, but you’ll get what you[...] Click here to continue reading

It’s possible the decline has already begun. . .

October can be an unforgiving month.

The terrible stock market crash that signaled the beginning of the Great Depression was in October of 1929.

The stock market crash known as Black Monday was in October of 1987.

In 1997, the Asian financial crisis sparked another stock market crash in… you guessed it—October.

And back in 2007 at the height of the giant bubble that almost brought down the entire financial system,[...] Click here to continue reading

Local government foils evil terrorist entrepreneurs once and for all

Tens of thousands of years ago, humankind was practically an endangered species.

Our early proto-ancestors had little means to protect against the harsh elements or defend against terrifying predators.

And finding enough food was a constant challenge.

Tribes of humans would roam from place to place, foraging for whatever they could eat until they had exhausted nature’s resources… and then be forced to move on to a new location.

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

This precious metal has almost NEVER been so cheap

Even after yesterday’s 600-point plunge in the Dow, bargains are hard to find.


The air is just starting to be let out of the 10-year “everything bull market” caused by a decade of ultra-low interest rates and the Fed printing trillions of dollars.


I don’t know if the volatility we’re seeing today is just a blip or the start of a much larger correction. But I do know we’re closer to the end of this[...]

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Trouble brewing in Hong Kong

Hong Kong has for decades been one of the most stable places in the world.

When the British took Hong Kong over in the late 1800s, it was nothing more than an irrelevant backwater made up of fishing villages and illiterate fishermen.

But after a few decades, it became one of the most prosperous places in the world.

And that wasn’t an accident. Hong Kong allowed unbridled capitalism to dominate and it[...] Click here to continue reading

Want a free $100K a year? Quit your job and move here…

According to the latest jobs report, averages wages for US workers increased 3.1% - the strongest growth since 2009.

 Median individual income in the US is now around $31,000, which means the typical American put an extra $1,000 in their pocket last year.

That’s solid extra cash.

But if you really want to see your wages grow, quit your job and become homeless.

 Just be sure you move to San Francisco.
[...] Click here to continue reading