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December 4, 2014 Santiago, Chile On May 15, 1855 one of the greatest gold robberies in history occurred. Three British firms had arranged for some of their gold to be sent from London to Paris by ferry and train. The gold was stored in solidly built boxes secured within iron safes with two
November 10, 2014 Santiago, Chile It’s happening. With increasing speed and frequency. The People’s Bank of China and the Canadian Prime Minister’s office issued a statement on Saturday stating that Canada will establish North America’s first offshore renminbi trading center in Toronto. China and Canada agreed on a number of measures to increase
November 4, 2014 Santiago, Chile Don Quixote is easily one of the most entertaining books of the Renaissance, if not all-time. And almost everyone’s heard of it, even if they haven’t read it. You know the basic plot line- Alonso Quixano becomes fixated with the idea of chivalry and sets out to single-handedly
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 in the last
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 burden of FATCA.
September 25, 2014 Sovereign Valley Farm, Chile It was only 18-months ago that one of the brokest banking systems in the world became the first modern example of financial cannibalism. I’m sure you remember how it all went down in Cyprus last year… but I’ll review it anyhow because it just never gets
September 4, 2014 Santiago, Chile If you’re looking around right now for a new bank account that pays a reasonable rate of return, ANZ bank has a hell of a deal for you: 0%! That’s right. ANZ is offering its depositors absolutely zero interest. Now, a bank paying 0% isn’t exactly abnormal in
September 2, 2014 En route to South America As the world’s top central bankers gathered at their annual jamboree recently, the governor of Bank of Canada, Stephen Poloz, undoubtedly received envious comments from his fellow money magicians for Canada’s perceived status as a global financial safe haven. This newly found perception was perhaps
July 24, 2014 Barcelona, Spain Ten dark suited men entered the premises of FBME bank in Cyprus on Friday afternoon and took it hostage. It must have looked like a scene from the Matrix. And given the surrealism of how this conflict is escalating, maybe it was. The men were from the Central
July 10, 2014 En route to Batumi, Georgia Earlier this summer, IMF bureaucrats went to Sofia, Bulgaria to study the country’s economic progress. And roughly a month ago, they released an official report which stated, among other things, that Bulgarian banks are “stable and liquid.” Talk about epic timing. Because less than two
June 2, 2014 Buenos Aires, Argentina From the days of the Soviet Union, there’s a great story about a shoe factory that was under pressure by the political bosses to increase production. The factory, however, didn’t have sufficient materials to meet the quota. Fearful of the consequences, they decided to increase their production
May 28, 2014 Santiago, Chile Iran and Viet Nam recently put their fraudulent banksters to death. Even in Iceland, they put their banksters in jail. How about in the Land of the Free? Has any banker ended up in jail? Actually, yes. More than you’d think. Meet Christy Romero, SIGTARP. It’s a catchy
January 8, 2014 Sovereign Valley Farm, Chile The “Ig Nobel Prize” is parody of the Noble Prize that is awarded every year for the most trivial scientific achievement. (‘ig’ is short for ‘ignoble’) For example, the 2007 recipient for the ‘Ig Nobel Peace Prize’ went to the United States Air Force Wright Lab
November 13, 2013 Singapore By the early 4th century AD, the Roman Empire was suffering tremendous turmoil, including plague, barbarian invasions, deep recession, civil wars, coups, etc. Much of this had been brought on by Rome’s utterly dismal economic condition. The government simply did not have enough money to sustain its operations, let
June 25, 2013 Santiago, Chile At our Offshore Tactics Workshop in Santiago three months ago, Jim Rickards (author of the acclaimed Currency Wars) told the audience of roughly 500 people– (paraphrased) ‘If one of you stands up right now and heads for the exit, the rest of the audience probably won’t pay much
