Category: Z Legacy: Expat

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Eight signs the system is broken

October 2, 2012 Santiago, Chile Here are a few interesting tidbits to chew on: 1) In the land of the free, there are now more than 760 incarcerated inmates for every 100,000 citizens. This is more than 5x the 1980 average, and it far surpasses the number (560 per 100,000) that Stalin threw

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Do NOT miss out on this no-brainer investment

October 1, 2012 Santiago, Chile I want to tell you about a company I’ve recently come across that is shaping up to be one hell of an investment opportunity. Today is the first day of their new fiscal year, and it’s obvious they’re poised for massive growth and huge upside potential. To start off, it’s an

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About those jobs…

September 28, 2012 Santiago, Chile Well I can say one thing for sure– Sovereign Man readers are really extraordinary people. A few days ago in an email to you, I wrote about all the incredible opportunities I’m seeing on the ground here in Chile, and then mentioned my upcoming plans to open an office and hire

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Two no-brainer ways to play rising food prices

September 27, 2012 Santiago, Chile Last summer, two researchers from the New England Complex Systems Institute published a short paper examining the correlation between rising food prices and civil unrest. It was a timely analysis, to say the least. A number of food riots were occurring throughout the world, not to mention waves of revolution sparked by

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Chile Farmland

Any takers?

September 25, 2012 Santiago, Chile After being away for over four months and traveling through more than 30 countries on four continents, I returned to Chile a few days ago, fortuitously on the first day of spring. Remember, the seasons are flipped in the southern hemisphere, so the spring renewal is everywhere. It’s an interesting metaphor,

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This paradise ought to be on your radar

September 20, 2012 Flic-en-Flac, Mauritius Situated thousands of miles from the coast of Africa in the middle of the Indian Ocean, Mauritius definitely qualifies as the ‘middle of nowhere.’ This is interesting for a number of reasons– I’ll explain. I’ve long argued that the world is entering a rather tumultuous phase. This isn’t some doom or

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Now even private companies are trying to borrow their way out of debt

September 19, 2012 Hong Kong One of the best short-selling ideas I’ve had over the past year or so was in Fortescue Metals (FMG listed on the Australian Securities Exchange). If you’re unfamiliar with ‘shorting’ a stock, it’s essentially a bet that a company’s price will fall instead of rise. In the case

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Who has the best line of BS?

September 14, 2012 Flic-en-Flac, Mauritius Have you ever noticed how it seems like the public can only handle one major issue at a time? Ten years ago it was terrorism. Then it became the war in Iraq. Then anthropogenic climate change became all the buzz. Then gas prices went through the roof and people forgot all

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Somebody send this guy a fruit basket!

September 13, 2012 Johannesburg, South Africa The recent troubles in South Africa’s mining sector are unquestionably tragic. People have been shot. Others, jailed. Thousands of people are out of work. Strikes are snowballing across the entire mining sector, and some companies (like Anglo American Platinum and Great Basin Gold) have even shut down their operations in a

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iTaxes vs. Uncle Sam’s friends and family plan

September 12, 2012 Cape Town, South Africa Yesterday, news broke that the US government has awarded a whopping $104 million to convicted felon and former inmate Bradley Birkenfeld. It was a big headline and you likely saw the news… but it’s worth a deeper look. Because if there is one story that neatly summarizes what is

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What does this say about our values as a ‘free society’?

September 10, 2012 Franschhoek, Western Cape, South Africa There’s a very dangerous expression we’ve been hearing a lot lately from all corners of the globe, mostly from socialist-leaning politicians and economists who fancy themselves champions of the people. They look at certain tax inequalities like the difference between capital gains rates (tax on investment income) vs. income

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The one thing nobody’s talking about…

September 7, 2012 Cape Town, South Africa One of the unequivocal laws of the universe is that governments tend to screw up everything they try to do. When life gives them lemonade, they make lemon laws. Even if grounded in good intentions, all they know how to do is blow other people’s money and pass destructive

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Why you always want to order an extra plate of French fries

September 6, 2012 Windhoek, Namibia Whenever you eat at a street side cafe in a developing country, it’s always best to order an extra plate of French fries.That way, as people come around asking you for money, you’ll have plenty of finger food to give away. No more wondering whether the chap is

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This could become the next boom town… very soon

September 5, 2012 Windhoek, Namibia When you were a kid, did you ever look at a map of the world and notice that South America and Africa seem to fit together like two giant jigsaw pieces? Geologists tell us that this was actually the case… and there are a lot of oil companies

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Dear Ben: they don’t eat iPhones in Namibia either…

September 4, 2012 Windhoek, Namibia Every time I hear one of these western central bankers or politicians talk about how there’s no inflation, it just makes me want to vomit. This is one of the most arrogant, disingenuous, intellectually dishonest statements one can make. And if these guys ever got off their butts and traveled somewhere,

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On Switzerland and the mafia

August 30, 2012 Zurich, Switzerland A few weeks ago, western governments’ war on productive people took an interesting twist when US immigration authorities detained two teenage children of an asset manager based here in Switzerland. The kids were traveling through the United States by themselves to visit extended family, and they were interrogated for six hours

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Some clear thinking on the debt

August 29, 2012Rome, ItalyIf you haven’t heard yet, the United States of America just hit $16 trillion in debt yesterday. On a gross, nominal basis, this makes the US, by far, the greatest debtor in the history of the world. It took the United States government over 200 years to accumulate its first trillion

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This hidden gem has a booming economy

August 27, 2012 Spoleto, Italy All over the world, no matter how good or bad the economy might be in a certain country, there will always be some cites and regions enjoying above-trend population growth and economic expansion.  If you are looking for new economic opportunities, a simple strategy is to choose such a place and

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Why you always want physical EVERYTHING…

August 23, 2012 Spoleto, Italy On the way from San Marino yesterday, I had to stop for some gas near Rimini, a beautiful beach town on Italy’s Adriatic coast. As an aside, Italian gas prices are among the highest in Europe… and the world… at €1.77 per liter (almost USD $8.50 per gallon). Naturally, the vast

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This free country should be on your radar…

August 22, 2012 San Marino They call it “The Most Serene Republic of San Marino”. That’s actually the official name. And with good reason… because it’s easily one of the most ideal places on the planet to be. Perched atop limestone cliffs overlooking the Adriatic coastline, San Marino is the oldest surviving sovereign state in the

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Tunisia: Blood in the streets?

August 17, 2012 Carthage, Tunisia Banking tycoon Baron Rothschild is credited with saying that ‘the time to buy is when there’s blood in the streets.’ Rothschild took his own advice, making a fortune buying deeply undervalued assets following Napoleon’s defeat at the Battle of Waterloo. Tunisia’s uprising was some 18-months ago, so it hardly qualifies as blood

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The west has just become a giant banana republic

August 16, 2012 Carthage, Tunisia Wikileaks founder Julian Assange has made an admirable habit of enraging western governments over the last few years, particularly the United States. Most notably, his release of classified diplomatic documents in 2010 proved ruthlessly embarrassing, shining a spotlight on the absurd, petty little world of international relations. Ever since, the US

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Tunisia: revolution is just the beginning

August 15, 2012 Tunis, Tunisia rev-o-lu-tion (n) 1. a forcible overthrow of a government or social order in favor of a new system. 2. the single completion of an orbit or rotation. On the morning of December 17, 2010, Mohamed Bouazizi started his workday like any other. The 26-year old street merchant laid out the day’s

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The assault on freedom is just beginning

August 14, 2012 Somewhere beneath the English Channel I’m writing this letter to you whilst throttling at a high rate of speed somewhere beneath the English Channel en route to Paris. My ultimate destination is actually Tunisia, where I will spend the next few days on the ground checking out how the country has fared since

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Another example of why central planning is a bad idea…

August 8, 2012 Oxford, England I’ve noticed something strange over the past few weeks, maybe you have too. It seems that every ‘contrarian’ website out there has joined together to collectively bash the Olympics and anyone who tunes in to watch. This seems nuts. Nobody should feel guilty for wanting to see athletes in peak condition push

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US government proposes law making it illegal for them to kill you

August 7, 2012 Oxford, England Last Friday, US Congressman Dennis Kucinich introduced HR 6357, a bill which aims to ‘prohibit the extrajudicial killing of United States citizens’ by the federal government. In other words, in the Land of the Free, they need to pass a law to prevent the government from indiscriminately murdering its own citizens. Now

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Rest easy, this criminal mastermind is behind bars

August 6, 2012 London, England At one point during lunch today at an infamously spicy Sichuan restaurant in London’s Soho district, my colleague turned to me and said, “You know, it’s shocking to me that there hasn’t been a single instance anywhere in the world of a banker getting beaten to death by

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US citizens: Pay attention to this

August 3, 2012 Bergen, Norway I was sitting across from an impossibly blonde account executive this afternoon when I heard three words I never thought I’d hear at a foreign bank. “Are you Greek,” she asked me with a bit of a smile… me: “Uh, no. I have a US passport, among others…”

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A secret paradise for gun rights and residency

August 2, 2012 Bergen, Norway High up above Scandinavia about 75 degrees north latitude is an obscure archipelago that few people in the world know about, and even fewer have been to. It’s called Svalbard, population ~3,000. And while the islands are technically part of Norway, they come with some incredibly unique benefits

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Why Norway is a BS argument for higher taxes

August 1, 2012 Bergen, Norway Ah, Norway. Government-loving statists love to hold this place up as a shining example that big government and high taxes are good. Free education. Free healthcare. “Happy” people. Yes, Norway is certainly one of the wealthiest countries in the world on the basis of GDP per capita… and

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Have you noticed this very deceptive form of inflation?

July 31, 2012 Bergen, Norway Every summer, my colleagues and I invite young people from all over the world for an intensive 4-day workshop about freedom and entrepreneurship. This year’s workshop just concluded yesterday afternoon, and it was, without doubt, the best one ever. 58 students attended from countries as diverse as Tajikistan,

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One of the scarcest resources in the world

July 25, 2012 Trakai, Lithuania We’ve spoken before about the importance of a second passport. It is, in short, one of the best insurance policies you can have. If you only have one passport, you become trapped by a single government– a government that has the power to tax you into the poorhouse,

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Nobel economist has no idea where economic growth comes from

July 24, 2012 Vilnius, Lithuania Paul Krugman, one of America’s most decorated faux-scientists, recently told an audience that what’s happening in the world right now is “dramatically, painfully a confirmation that a broadly demand-side Keynesian view of the world is appropriate…” The intellectual dishonesty which oozes from this statement is astounding. Apparently on

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You’ll love the new nickname they have for the dollar here…

July 23, 2012 Kiev, Ukraine No doubt, Eastern Europe is a part of the world where people are accustomed to being abused by politicians. After decades of Soviet Rule, the cultures in places like Ukraine, Moldova, Azerbaijan, Belarus, etc. have been inculcated with a strong mistrust of government. All government. One obvious sign

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Are gold mining stocks too risky?

July 20, 2012 Kiev, Ukraine Bruce Lee, one of the most focused and driven human beings to have ever lived, passed away 39 years ago on this day. He went way before his time. As a kid, I idolized the man. As a teenager I trained in his style. And as an adult, I studied his

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