Turkish NBA player has passport revoked by ‘the Hitler of our century’

Enes Kanter is a Turkish citizen who plays center for the NBA’s Oklahoma City Thunder.

Like many professional athletes, Kanter has a couple of charities in his name.

His education fund provides first-year college scholarships to support selected US students – including a family’s first female child and children of law enforcement and firefighters who lost their lives on duty.

Kanter’s other charity is the Light Foundation. This one has an international[...] Click here to continue reading

The Final Show of the Greatest Country on Earth

On May 31, 1866, John C. Ringling was born in Iowa to German immigrants in what felt like an extremely bleak year.

The chaos and devastation from the Civil War that had ended in 1865 were still keenly felt, and the US economy was in the midst of a deep recession

The country was still shaken from the assassination of Abraham Lincoln.

And the new President, Andrew Johnson, was embroiled in a[...] Click here to continue reading

The worst guy on the planet

Jose Rafael Torrealba wins the award for biggest scumbag on the planet today.

Torrealba is a Venezuelan army general who was featured in a leaked audio recording that was just published yesterday.

The recording is of a meeting that took place a few weeks ago in Venezuela in which he and his fellow generals discuss how to keep the civilian population under control.

Torrealba’s solution? Use snipers against his own people.

[...] Click here to continue reading

“If you can keep it…”

On September 17, 1787 on the final day of the Constitutional Convention in Philadelphia, Benjamin Franklin was approached by a woman as he walked out of Independence Hall.

“Well Doctor, what have we got-- a republic, or a monarchy?” she asked.

It was a burning question on everyone’s mind: what form of government would the Constitutional delegates establish for the new country?

Franklin didn’t hesitate. “A republic-- if you can keep it.”
[...] Click here to continue reading

Stocks hit record high on sagging performance, higher debt.

There’s something completely ridiculous happening around the world right now.

We can start in the United Kingdom, where the FTSE-100 stock market index hit an all-time high yesterday of 7454.

Simultaneously the British government released statistics yesterday showing that debt judgments and bankruptcy filings across the UK soared 35% in the first quarter of 2017 to the highest level in a decade.

British consumers are on a debt binge, borrowing (and now[...] Click here to continue reading

We got robbed this weekend.

It’s true.

Over the weekend at an amazing, closed-door event that we held here in Las Vegas exclusively for our Total Access members, a number of us got robbed.

It happened on Saturday, which was an intense day packed with a dozen Q&A sessions with the CEOs of exciting private businesses in which we all invested.

But at the end of the day, I treated our group to live entertainment by a[...] Click here to continue reading

It’s time to become your own banker. Here’s how–

Sometimes I wonder why most of the giant mega-banks are based in New York.

They should be here in Las Vegas, the gambling capital of the world. Because that’s precisely what they’re doing with your money.

Actually it’s not even your money.

From a legal perspective, every single penny you deposit at the bank becomes THEIR money. You’re nothing more than an unsecured creditor of the bank.

And now that they[...] Click here to continue reading

1999 called, they want their stock bubble back…

File this one away under “Completely Obvious...”

Last night the parent company of Snapchat reported a quarterly loss of more than TWO BILLION dollars.

Snapchat, of course, is the photo-focused social networking app that’s adored by tweens and adults who still live with their parents.

(Talk about a lucractive demographic.)

The company IPO’d just a few months ago with a market capitalization of $30+ billion despite slowing growth and a[...] Click here to continue reading

Do you own any ETFs or mutual funds? Read this.

A few days ago I spoke to a finance professor at Columbia University here in New York City who has been doing a deep dive on the financial management industry.

His results were pretty concerning.

One of the things that he said was that fund management fees have been dramatically declining over the past few years.

At face value this sounds like a good thing.

All mutual funds and ETFs charge[...] Click here to continue reading

Mining CEO explains why silver could reach $136.67

His remarks started off like dozens of presentations that I had heard so many times before. . .

“Without silver,” began the speaker, “our entire society would go back to the Stone Age.”

The speaker was the CEO of one of the largest silver mining companies in the world, and he was a special keynote at the annual closed-door meeting of the Atlas 400.

CEOs of mining companies almost always start their[...] Click here to continue reading

Waiter and Bartender jobs surge in the Land of the Free

The headline in the New York Times today read “U.S. Job Growth Bounces Back; Unemployment at 10-Year Low”.

That’s certainly one way of looking at it.

The US Department of Labor released its regular jobs report this morning showing the official unemployment rate is just 4.4% in the Land of the Free.

That’s certainly a strong number; I’m sure plenty of people in Venezuela and Turkey would love to have an unemployment[...] Click here to continue reading

Just a quick reminder of who’s really in charge

Today the world of banking and finance waited with baited breath for the Federal Reserve in the United States to hike... or not to hike... interest rates.

This happens several times each year as the central bank’s Federal Open Market Committee gathers to set monetary policy in the Land of the Free.

To be clear, there is no greater power over a nation than having control of its money supply and interest rates.
[...] Click here to continue reading

I never knew how screwed up global banking was until I started my own bank

By late 2014 I’d finally had enough.

After so many run-ins with the bitter incompetence and bureaucratic indignity of the banking system, I decided once and for all that I would start my own bank.

I probably should have had my head examined, but instead I called one of my attorneys to talk through the options.

Had I known then what I know now, I think I still would have made the[...] Click here to continue reading

The myth of the “early bird”

You’ve probably heard the saying “The Early Bird Gets the Worm. . .”

It turns out that expression is completely wrong, both literally and figuratively.

This morning I was watching these new baby chicks run around and play on the lawn.

If you’ve never seen chickens up close and personal, their lives are pretty simple; they basically just wander around all day pecking at the ground looking for some insect or seed[...] Click here to continue reading

This bubble finally burst. Which one’s next?

Like so many other high-flying Silicon Valley startups, Clinkle was supposed to ‘make the world a better place’.

Founded in 2011 by a guy barely out of his teens, the company picked up early buzz after proclaiming they would disrupt mobile payments. Or something.

Silicon Valley venture capital firms were apparently so impressed with the idea that they showered the company with an unprecedented level of cash.

(Given that investing in an[...] Click here to continue reading

New Poll: Record number of Americans want MORE government in their lives

In a poll conducted a few days ago by NBC News / Wall Street Journal, a record 57% of Americans responded that they want MORE government in their lives, and that the government should be doing more to solve people’s problems.

That’s the highest percentage since they started asking this question in 1995.

In fact, 57% is nearly double what people responded in the mid-90s.

Furthermore, the number of Americans who feel[...] Click here to continue reading

The last time this happened the market crashed

A few days ago Charles Schwab, the investment brokerage firm, announced that the number of new brokerage accounts soared 44% during the first quarter of 2017.

More specifically, Schwab stated that individual investors are opening up stock trading accounts at the fastest pace the company has seen in 17 years.

17 years.

Anyone remember what happened 17 years ago?

Oh right. The Dot-com bubble burst.

After years of unbelievable[...] Click here to continue reading

Finally. The Breakthrough.

Finally, the breakthrough.

After months of experimentation and failure, I finally managed to crack the code and successfully distill my first batch of homemade ethanol.

I botched the job the first seven times and ended up with useless buckets of goo, so I’m pretty excited right now.

It turns out that it’s not even that hard.

I started with unused fruit that literally falls off the trees in my organic[...] Click here to continue reading

Don’t hold your breath for any comprehensive tax reform. But here’s something you can do now

On October 22, 1986, the world was an entirely different place.

The Soviet Union still loomed, as did the threat of nuclear annihilation.

Most people had no idea how to use a computer, let alone even heard of the “Internet” (which at the time was still a military communications project.)

Hardly anyone had ever seen a cell phone. And with a $4,000 price tag, even fewer people owned one.

[...] Click here to continue reading

The banking industry abuses its customers worse than United Airlines

Last week the Internet was ablaze with disgust after a man was physically dragged off a United Airlines flight.

What’s amazing, though, is that there are countless cases of another industry abusing its customers in far, far worse ways than the airlines.

I’m talking, of course, about the banking industry.

1. Banks treat you like criminal suspects too.

Sure, United had a man dragged away like he was a rape suspect[...] Click here to continue reading

A polite history of government “predictions”

Recently the Congressional Budget Office published a scathing report that the US government debt-to-GDP ratio will double over the next 30-years.

Few government agencies are as blunt as the Congressional Budget Office.

In fact the agency’s report plainly states that “the prospect of such large and growing debt poses substantial risks for the nation. . .”

Echoing this sentiment, a former director of the Congressional Budget Office called the US debt:
“a[...] Click here to continue reading

200 lines of code will disrupt this multi-trillion dollar industry

To paraphrase that great scene from Airplane, it looks like I picked the wrong week to unplug from the Internet.

Aside from a few hours when we docked in Honduras last week, I was on a self-imposed Internet exile and went several days devoid of any communication with the outside world.

I missed a major scandal at the Fed, another terror attack in Europe, the start of a US military campaign in Syria,[...] Click here to continue reading

What I learned about the US real estate market this week

For the last several days I’ve been speaking at an investment conference organized by my friends Robert Helms and Russell Gray.

It’s been great so far, and my fellow speakers here include the legendary Robert Kiyosaki, G. Edward Griffin, Peter Schiff, and many more.

One of the key themes so far in the event is that there are likely problems ahead for the US real estate market.

On the first day I[...] Click here to continue reading

Mike Tyson vs. The Grilled Cheese Truck

[Editor’s note: This letter was written with Tim Price, London-based wealth manager and co-founder of Price Value Partners.]

It was just over two years ago that “The Grilled Cheese Truck, Inc.” began trading in the US stock market under ticker symbol GRLD.

GRLD was exactly what it sounds like-- a truck that sells grilled cheese sandwiches.

Yet despite a history of heavy losses, the stock market valued the company at an extraordinary[...] Click here to continue reading

This guy has eight passports

A few weeks ago I caught wind of a guy who has citizenships from eight different countries.

This “octa-citizen” has passports from Canada, UK, Ireland, Belize, Grenada, Dominica, St. Kitts, and Cape Verde.

Let’s be honest-- that's probably way too many. But the concept of acquiring multiple nationalities is completely sound.

If you have one nationality, it means that a single government has total control over your life, your finances, your business,[...] Click here to continue reading

Just a quick reminder: the Federal Reserve is almost insolvent.

September 10, 2008 was one of the last “normal” days in the world of banking and finance.

That afternoon, the US Federal Reserve published its routine, weekly balance sheet report, indicating that the central bank had total assets worth around $925 billion.

Just a few days later, Lehman Brothers filed for bankruptcy, kicking off the most severe economic crisis since the Great Depression.

And almost immediately the Fed launched a series of[...] Click here to continue reading

Nine years later, Greece is still in a debt crisis…

Sometimes you have to marvel at the absurdity of the financial universe in which we live.

On one side of the Atlantic, we have the United States of America, which triggered yet another debt ceiling disaster last Thursday when the US government’s maximum allowable debt reset to just over $20 trillion.

Of course, the US national debt is pretty much already at $20 trillion.

(That’s roughly $166,000 per taxpayer in the Land[...] Click here to continue reading

This new bubble is even bigger than the subprime fiasco

In 1988, a bank called Guardian Savings and Loan made financial history by issuing the first ever “subprime” mortgage bond.

The idea was revolutionary.

The bank essentially took all the mortgages they had loaned to borrowers with bad credit, and pooled everything together into a giant bond that they could then sell to other banks and investors.

The idea caught on, and pretty soon, everyone was doing it.

As Bethany McLean[...] Click here to continue reading

The “justice” system killed this guy for stealing $14

During the winter of 1796, a Frenchman named Eugene Francois Vidocq was sentenced to eight years of hard labor after being convicted of document forgery.

It was a remarkably harsh punishment for a non-violent crime, especially in Vidocq’s case as there was not even a victim.

Yet this took place during the chaos that ensued after the French Revolution. The scars from the Reign of Terror still remained.

Long sentences were typical,[...] Click here to continue reading

Demand for physical gold is collapsing

I serve on the Board of Directors of a large Singapore-based company that’s in the gold and silver business.

And, last night during our quarterly conference call, the management team gave me a lot of intriguing information.

Sales of physical gold and silver are collapsing across the entire industry.

At the US Mint, for example, sales of US Eagle gold coins fell by 67% between February 2016 versus February 2017.

And[...] Click here to continue reading

What do these CEOs know that we don’t?

Last night a good friend of mine came over for dinner.

He’s originally from Poland, and growing up there he heard a lot of bizarre stories about what it was like during the Nazi invasion and World War II.

In 1939, even as 1.5 million German soldiers prepared to invade, the general mood in Poland couldn’t have been more carefree.

My friend’s grandfather once told him that, just prior to the Nazi[...] Click here to continue reading

It doesn’t matter that we “owe it to ourselves”

Thousands of years ago, as far back as 3000 BC, the ancient Egyptians had developed a highly advanced system of writing using hieroglyphic symbols.

The used hieroglyphs for numbers as well.

A single line, for example, represented the number 1. Two strokes represented 2. Nine strokes for the number 9.

Since the Egyptians had not yet invented the “zero” in 3000 BC, representing the number 10 required a new symbol-- a sort[...] Click here to continue reading

Yes, governments CAN go bankrupt. And no, it’s NOT impossible…

In the year 1517, one of the most important innovations in financial history was invented in Amsterdam: the government bond.

It was a pretty revolutionary concept.

Governments had been borrowing money for thousands of years… quite often at the point of a sword.

Italian city-states like Venice and Florence had been famously demanding “forced loans” from their wealthy citizens for centuries.

But the Dutch figured out how to turn government loans[...] Click here to continue reading

How one Silicon Valley entrepreneur lost his faith in the system

Today I’m going to introduce you to my friend Ben, easily one of the most unique, intelligent people I know.

I first met Ben at my summer Liberty and Entrepreneurship camp several years ago.

He had recently dropped out of Harvard after winning the prestigious Peter Thiel fellowship, which has an incredibly competitive selection rate of less than 1%.

He was working on an intriguing new business, and after conducting our own[...] Click here to continue reading

The most shocking revelation from the CIA spying scandal

It happened again-- another spying scandal in the Land of the Free.

Yesterday Wikileaks released 8,761 CIA documents detailing the agency’s hacking of smart phones, routers, computers, and even televisions.

These files reveal that the CIA can and has hacked devices that were supposedly secure-- iPhones, iPads, and Android devices.

The documents further reveal that the CIA is deliberately infecting personal computers with spyware, including Windows, Mac OS/X, Solaris, Linux, and other[...] Click here to continue reading