Astonishing opportunities in one of the oldest cities in the world

By the time Alexander the Great and his Macedonian army conquered the city of Samarkand in 329 BC, the city had already existed for centuries.


Samarkand had been a prominent, vibrant regional capital in the Persian Empire prior to the Macedonians’ arrival.


And under Alexander the city flourished even more. He declared it one of the most majestic places he had ever been, and the city served as a critical outpost for his conquests in[...]

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Elizabeth Warren wants to end “beyond a reasonable doubt” for criminal convictions

Each Friday we highlight a number of important, and often bizarre stories from around the world that my team and I are closely following:


Elizabeth Warren wants to destroy centuries of legal standards


To take your freedom requires more evidence than to take your money. For now.


Criminal convictions depend on the accused being guilty beyond all reasonable doubt. Civil convictions depend only on a preponderance of evidence pointing to guilt.


But Senator Elizabeth Warren[...]

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New York City just went from Dumb to Dumber…

A few months ago, I wrote to you about how New York City wants to tax people who own second homes there.


They call it a pied-a-terre tax, and the geniuses behind it believe that it will help plug the city’s $1 billion budget shortfall.


Bill de Blasio himself, the mayor of New York City, has voiced his enthusiasm in soaking the rich.


Hedge fund manager Ken Griffin became one of the primary victims of[...]

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Four ways that Uncle Sam will respond to its $75 trillion insolvency

Last week I told you that the US government recently reported a negative net worth of MINUS $75 TRILLION.


That’s not a type-o. According to the Treasury Department’s annual financial report for Fiscal Year 2018 (which they just published last week), the US government is hopelessly bankrupt.


Now, I’m not talking about this trying to stoke fear and panic.


Quite the opposite-- I’m hoping that this conversation results in calm optimism. But the point is[...]

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The latest Social Justice absurdity…

Each Friday we highlight a number of important, and often bizarre stories from around the world that my team and I are closely following:


What age do you identify as?


It happens way too often here at Sovereign Man… we joke around about the next outlandish demands of Social Justice Warriors. And then it happens.


This time the Journal of Medical Ethics published a paper arguing that if you don’t feel your “chronological” age, you[...]

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US government’s net worth is now NEGATIVE $75 TRILLION

Usually around the middle of February each year, the US Treasury Department releases an annual report of the federal government’s financial condition.


It’s called the Financial Report of the US Government... and it looks a lot like an annual report that you might see filed by a big company like Apple or Facebook.


Except that, unlike Apple and Facebook, the US government’s annual report is absolutely gruesome.


This year’s report is no exception, save for[...]

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25% of Millennials no longer having sex due to financial problems

My grandfather was just a toddler when soldiers came home from World War One in 1918.


They brought the deadly Spanish Flu with them, which killed well over 50 million worldwide.


As a young adult, my grandfather struggled through the Great Depression with the rest of the world.


And just as things started looking up, World War II broke out.


Lucky for me, he survived it all.


After the war, my grandfather took a job[...]

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Here’s why the Federal Reserve rejected the safest bank in America

In the spring of 1692, an energetic young Scotsman named John Campbell started a new business in central London.


Campbell was a goldsmith, and his business sold jewelry and other crafted metals like plates and silverware.


But Campbell’s new company had another business line as well: banking. And the company he started eventually became Coutts & Co., a bank that still exists today in the UK.


Since the dawn of the Bronze Age thousands of[...]

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SWAT team seizes children because their parents disagreed with a doctor

Today we’re continuing our new weekly feature, where each Friday we highlight a number of often bizarre stories from around the world that we’re closely following.

Texas tries to pass a law to legalize lemonade stands run by children


When it comes to business, this story pretty much sums up how far the Land of the Free has fallen from its free-wheeling economic golden age.

We’ve covered a number of stories over the years[...] Click here to continue reading

If Donald Trump is the King of Debt, these guys were the Kings of Inflation

Maximilian Bern had saved up 100,000 German marks for what should have been a modest, but comfortable retirement.


But in 1923, he withdrew every last cent, and spent it all on one purchase: a subway ticket.


He rode around his city one last time before returning home, and locking himself in his home, where he died.


He didn’t kill himself. He starved to death… simply because he could no longer afford food. A single egg[...]

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What AOC and Bernie Sanders don’t understand about ‘Free Education’

Bernie Sanders believes that FREE university education a “right, not a privilege.”

His fellow Bolshevik, Alexandria Ocasio-Cortez, also believes that tuition-free university “forms the basis of human dignity” and should be provided for free by any “moral society.”

They aren’t alone in holding these beliefs.

A recent survey conducted by CNBC shows that 60% of Americans support free university.

But what most of these people fail to realize is that there’s[...] Click here to continue reading

Why Puerto Rico should be on your radar

In the year 1841, people across countless sleepy villages in Ireland were participating in the most advanced census that had ever been conducted in European history.

The whole of Ireland was still under the control of the United Kingdom at that point, and parliament had passed the “Population Act” the year prior to modernize their national statistics.

According to the data collected, Ireland’s population in 1841 was approximately 8.25 million.

That was[...] Click here to continue reading

Five important stories we’re paying attention to

Last week we started a new feature in Notes from the Field-- a Friday roll-up of bizarre, often overlooked stories that my team and I think are worth following with great interest.

Based on the positive feedback we received from last week’s article, we thought we’d continue the trend. So here are a few important stories that we’re paying close attention to:

The City of Chicago Paid $113 million in police misconduct cases last[...]

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The 10th Circle of Hell

On the evening of March 25 in the year 1300, Italian poet Dante Alighieri stepped through the gates of Hell, passing beneath an overhead inscription that read “Abandon all hope, ye who enter here.”

Dante summoned all of his courage and proceeded, plunging deeper into the despair of hell.

This is the ‘Inferno’ tale of Dante’s Divina Commedia, an epic poem completed just before his death in 1321.

Dante’s version of hell[...] Click here to continue reading

What the exodus from these states teaches us

Every week in Notes, we highlight the most important things happening around the world that can impact your wealth and your freedom.


But there are so many more things happening than we’re able to cover in these pages. So, we’re trying something new today.


Once a week, we’re planning to share a collection of stories we think are important, scary, amusing or maybe all of the above.


You can find the first edition below. We’ve[...]

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One thing Congress gets right: funding their own pensions

Turns out Congressmen make a lot of money…


A study found that while the average American’s net worth increased 3.7% per year between 2004-2012, members of Congress averaged 15.4% annual gains.


That high level of pay means half the members of Congress are millionaires today… and continue to collect their $174,000 annual salary.


Of course it’s you, the taxpayer, paying that cushy salary.


But did you know the taxpayer also foots the bill for insane[...]

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Could one weekend in Lithuania really replace college?

Here’s an economics lesson you won’t get in college.


What happened to college tuition costs after the federal government started handing out student loan aid in 1965?


For a typical loan, you need collateral… i.e. the bank takes your house if you don’t pay the mortgage. But with government-backed student loans, no collateral is required to borrow vast sums of money.


With little potential downside, the number of people willing to take on student debt[...]

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Socialism in the UK means no pools, no swearing and citizens pulling their own teeth

The events that I am about to describe to you are 100% true.

They have already happened to various people across the United Kingdom, which in some respects is leading the charge to 21st century “Big Brother” authoritarianism.

It’s all real, and it’s all disturbing. To humanize it a little bit we have pulled several true events together into a single story about a man we’ll call “George.”

George thinks he might[...] Click here to continue reading

Even Warren Buffett gets it: They’re coming for your money

By the year 1380, the Hundred Years' War between England and France had already been raging for decades.


And the war wasn’t going very well for England.


France had managed to recapture most of the territories they had lost early in the war; meanwhile French naval fleets were ravaging the coastline of southern England and destroying English commercial vessels.


To make matters worse, England had recently been devastated by the Bubonic Plague, which killed nearly[...]

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Why the Barrick deal could mean the mega melt up is here for gold

In 1986, Peter Munk bought a gold mine in northeastern Nevada for $62 million.


The mine was only producing 40,000 ounces of gold a year back then (around $16 million annually) … and the sellers believed the land held 600,000 ounces easily minable gold.


But those estimates were woefully short.


By 1992, the mine yielded 1.1 million ounces of gold. Today, the mine, known as Goldstrike, is the richest mine in North America –[...]

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Billionaire investor’s take on America’s socialist fever

Howard Marks is one of the smartest, wealthiest investors in the world.

As founder of Oaktree Capital, Marks manages around $120 billion. And his track record ranks him among the greatest investors in history.

So it’s probably no surprise that Marks is deeply concerned about “the rising tide of anti-capitalism,” and dedicated one of his famous memos to this new political trend.

In the eyes of anti-capitalists, wealthy people, big businesses, and[...] Click here to continue reading

America’s Socialist Revolution has officially begun

On October 31, 1517, an obscure German theology professor put the finishing touches on a paper he had written about the current state of the Catholic Church, and sent it off to Archbishop Albert of Brandenberg for review.


The professor’s letter was polite and professional, with a formal tone that one might find in a modern academic work. It could hardly be described as revolutionary.


Yet within a few years, the professor would find himself[...]

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How 1984 turned into an instruction manual

"Sometimes [two and two are four], Winston. Sometimes they are five. Sometimes they are three. Sometimes they are all of them at once. You must try harder. It is not easy to become sane.”


One of the key themes from George Orwell’s dystopic novel 1984 is that the Party can do and say whatever it wants.


And more importantly, you must believe it, with all your heart. No matter how absurd.


That’s doublethink. It is[...]

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Some clear thinking about Amazon’s ‘shocking’ tax incentives

Amazon made big headlines yesterday when it announced it was walking away from its plan to build a new headquarters in New York City.


The company was under intense pressure from the media and politicians who were angered that New York City’s local government was giving away too many tax incentives, purportedly worth around $1.5 billion.


(Including the state government, the total tax break was around $2.8 billion.)


People had some ridiculous idea that NYC[...]

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World’s largest pension fund loses $136 billion

Things keep getting worse for pensions…


If you’ve read Notes recently, you know the pension fund crisis is one of our major themes. Simply put, these giant pools of capital responsible for paying out retirement benefits to workers are BROKE.


According to the World Economic Forum, pension funds around the world are short around $70 TRILLION. State, federal and local pensions in the US are $7 trillion short… and a recent report by Boston College[...]

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Could you handle losing half of your life savings in a few weeks?

The market’s last hope is faltering…

By July of last year, just three stocks (Amazon, Netflix and Microsoft) were responsible for 71% of the S&P 500’s returns.

Through the third quarter, tech stocks were responsible for 95% of the S&P’s gains.

Amazon alone was responsible for about one-third of the index’s move.

And we long warned about the follies of blindly investing your capital into these incredibly popular and often overvalued[...] Click here to continue reading

The next recession will sweep the Socialists into power

What I’m about to say may sound totally crazy at first. But keep reading, because I think you’ll agree that it’s dead-on accurate.

There’s a recession coming.

No, that’s not some Chicken Little “The Sky is Falling” statement. Far from it. It’s just a fact: economies and financial markets always go through boom and bust cycles.

There are good years and lean years, up years and down years.

(This is perhaps[...] Click here to continue reading

Exhumed remains of Karl Marx to run for US President

Earlier this morning, New Jersey Senator Cory Booker became the latest socialist to throw his hat in the ring for the US Presidency…

He announced his candidacy with a new website and two-minute video full of the usual collective hoopla.

Bear in mind that Booker raised taxes by 20% while serving as mayor of the City of Newark, and as Senator he has been vocally in favor of everything from nationalized healthcare to[...] Click here to continue reading

These billionaires are issuing terrifying warnings about global debt levels

We write a lot about global debt levels at Sovereign Man.

In fact, the very first Notes from the Field I ever wrote, in June 2009, was about how broke the US was… and the severe consequences that eventually face a nation that recklessly spends money it doesn’t have.

And debt has been a major theme in this publication ever since.

As you know, since the Great Financial Crisis in 2008, debt[...] Click here to continue reading

Mexico is starting to look like Venezuela

Mexico is in the midst of a crisis again.


And no, it doesn’t have anything to do with the border wall that caused the US government to be hopelessly deadlocked for more than a month.


Or the economy. Or murders and violence. Or drug trafficking. Or bird flu.


Nope. Mexico is battling an enormous problem with its oil pipelines.


In a way that almost sounds ridiculous.


But oil thieves have been drilling holes in[...]

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The mother of all government data breaches is happening right NOW

It’s been more than a month since the federal government shut down.

We all know the familiar story of the 800,000+ workers, and the millions of contractors, who are not receiving paychecks.

(Plus there are millions of other workers and small businesses in the private sector whose incomes depend at least partially on the government-- and they’re all suffering as well.)

But now the shutdown is starting to affect cybersecurity.

Because[...] Click here to continue reading

Get Ready– they’re coming for your money

Every so often throughout history, the peasants grab their pitchforks and come for the elite. It happens when the wealth gap grows too extreme… when people feel like they are getting left behind, with no opportunity to advance.

Central banks around the world have printed trillions of dollars over last decade, and pushed interest rates to zero, and sometimes below. And all of that stimulus went directly into the pockets of the wealthy.

[...] Click here to continue reading

Potential US presidential contender thinks YOUR money is in the “wrong hands”

Grab your wallets. Bill de Blasio, the Mayor of New York City, may be lining up a presidential run. And in his State of the City speech last Thursday, he gave us a peak of what the future could have in store…
“Here's the truth. Brothers and sisters, there's plenty of money in the world. There's plenty of money in this city. It's just in the wrong hands.”
Brothers and sisters? In the wrong hands?[...] Click here to continue reading

Man bills the US government for his Corvette. This is how they responded…

Last week I decided to use my tax savings to pay the rent for US government workers affected by the shut down. Emails keep coming in from furloughed federal employees having a tough time. And money keeps going out.

As I’ve been highlighting over the past week, the government shutdown affects many more people than the 800,000 furloughed government workers. Some contractors and subcontractors might not even know their salary ultimately stems from government[...] Click here to continue reading

The rise of Socialism: Standing on the shoulders of morons

I’ve spent the last several days in this quaint Colombian city near the Venezuelan border (though I’m presently at the airport, en route to Chile for a board meeting).

As I’ve discussed several times in the past, Colombia is great. It’s naturally gorgeous, incredibly cheap, and full of interesting opportunities.

The country has recently emerged from decades of civil war. And the rebuilding efforts will have a profound impact on the economy… most[...] Click here to continue reading