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October 21, 2014 Santiago, Chile I walked in the door this morning to my apartment in Santiago, happy to be back in Chile after a week away. (One of the things that I really love about this place is the weather. The weather forecast in the entire central region of
For every crisis that strikes, the government springs up to “save” us. Introducing new bureaucratic agencies or an “Ebola Tsar” as Obama has just done, they are constantly adding to the already over-bloated expanse of government today. But when a real danger happens, they completely fail. Repeatedly. The reality is,
October 17, 2014 New York, USA At present, US dollar accounts for roughly 61% of the world’s foreign exchange reserves. It’s still a safe bet for most, not because the currency is actually strong, but because so many others are already so reliant on it. Between those with reserves in
October 16, 2014 New York, USA For a casual observer of the US economy (most “experts”), you could say that things look pretty good. Unemployment is at its lowest rate in six years. Earnings of S&P 500 companies are higher than ever, while their debt is lower than it’s been
October 15, 2014 En route to New York “John Galt is Prometheus who changed his mind. After centuries of being torn by vultures in payment for having brought to men the fire of the gods, he broke his chains—and he withdrew his fire—until the day when men withdraw their vultures.” Sick
October 15, 2014 En route to New York True story. One of our Sovereign Confidential members just received a package from HSBC giving him and his wife a deadline to comply with FATCA—US’ global tax law. As Canadians they’d long felt bad for Americans having to deal with the overbearing
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