Category: Trends & News

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About that Croatian commando…

Remember that Croatian commando-turned-entrepreneur from dinner last night? Well it turns out he’s an aerobatic stunt pilot too… he’s got an old Soviet-made aircraft that is only designed to do one thing– be as unstable as possible. It does the trick. This morning around 11am Central European Time, we met at a private

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A late dinner in Zagreb

Croatia, in my opinion, is one of the most beautiful countries in the world, and the drive down here has been spectacular.  From Budapest, the drive to Croatia took me south along highway M7, which arcs gently across Hungary’s rolling hills and hot springs. But what brings me here is not the beauty

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This currency is overvalued

Burgers make better economic indicators than official statistics ever could. As I travel, I typically perform an informal price study of my own basket of consumer goods– a loaf of bread, a pack of cigarettes, a liter of petrol, and a handful of… non-family friendly wares. This is the type of information that

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The Truth About Nationalized Healthcare

Nationalized healthcare doesn’t work, and I’ll tell you why: I hold as my personal mantra in life that governments screw up everything they touch… and this goes for all governments, not just the United States Congress. As I travel the world looking for great opportunities, I always try to understand the quality and

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What I am doing in Poland

Poland– it’s a beautiful, inexpensive country with a stable economy, gorgeous women, and fantastic food… so what am I doing here exactly? Looking for citizenship. The country has been dominated, broken apart, and put back together so many times, Poland actually has multiple nationality laws on the books for former migrants, refugees, and

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Friday Mailbag

All- there were a lot of great comments and questions this week, I will review several here: LATVIA Excellent insights on Latvia and the way to trade the devaluation. Johan from Sweden asks if we are too late shorting Sweden’s banks. I think not, and here’s why: Swedbank, one of the largest Swedish

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What’s your breaking point?

You probably know the story of the boiling frog. The premise is simple.  If a frog is placed in a pot of water that is already boiling, it will immediately sense danger and jump out, relatively unscathed. If it is placed in a pot of cool water, the frog will happily stay in

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Four reasons to short Sweden

A final note on Latvia today before I put the Baltics to bed for now– Yesterday I argued that Latvia is definitely headed for devaluation, and that European governments are practically bending over backwards to make sure we know about it. In comments yesterday, the astute Mr. Marriott pointed out that the grey

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You Can Profit from this Country’s Devaluation

Yesterday I talked about the demise of the Latvian economy and how it will foretell the future of California. Today I want to talk about the opportunity I see to profit from it. I have seen the face of crisis before, both in the military and as a civilian. But rarely have I

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Paul Krugman is wrong

I found out this weekend that Paul Krugman is wrong about Latvia. For months, mainstream luminaries like Krugman have been telling me that Latvia is the next Argentina, and that the country is on the verge of economic collapse… wait, stop– what does this even mean? Have the lights suddenly gone out? is

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Profit From Panama Canal Expansion

Earlier today, amid much pomp and fanfare, the Panama Canal Authority (ACP) opened the sealed bids for the canal expansion project. Audience members looked on eagerly like it was the Academy Award for best picture…  The lowest bidder? A consortium led by Italy’s Impregilo, ringing in for a cool $3.12 billion. Wait, wait,

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Low hanging fruit investment opportunities

Making money is large part of achieving independence and living free. In my own life, I focus on select entrepreneurial ventures to generate capital, and specific investments which subsequently grow that capital. My investment habits might be best described as ‘peculiar,’ because, believe it or not, I do not have a strong risk

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Lithuania: There will be blood

Yesterday I wrote to you about Lithuania and all the great things it has to offer– it’s inexpensive, has second citizenship, a low flat tax, and beautiful women.  These are all great reasons to visit from time to time (and obtain a passport if you are so fortunate), but today I want to

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Lithuania: the good

About a month ago I was attending a private, invitation-only meeting with some of the finest unconventional minds in finance. We gathered for three days at a luxurious oceanside resort on the Maryland coast to have an open exchange of ideas, debate our philosophies, and play poker ’til dawn.  Lobo Tigre, editor of

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Argentina is still doomed

Argentina is still doomed. If you don’t know Argentine politics well, I’ll give you a quick history: the country has vast natural resource wealth and was once one of the richest in the world. It has been serially run by a group of incompetents ever since the Perons first came to power after

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Anarchists in Helsinki

This always happens to me. Whether in Buenos Aires, Beirut, Rome, Bangkok, Zurich, or now Helsinki, I always seem to get caught up in some sort of protest.  To be honest, I love protests… I think it’s great when people finally have enough of the system and demonstrate their unwillingness to continue going

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Today I confessed my sins to Uncle Sam

Today I confessed my sins to Uncle Sam. No, I’m not talking about anything sinister. But in a mad dash through a US stopover today, I dropped US Treasury form TDF-90 in the mail:  “Report of Foreign Bank and Financial Accounts.” It went something like this: “Forgive me uncle for I have sinned.

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Panama’s Achilles Heel

We have a really intelligent group here. All the comments from yesterday, plus the dozens of private emails I received, underscore one of the big reasons why I do this in the first place– to build a community for like-minded, sharp, successful people who are lions instead of sheep… bold winners who think

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More from Panama

I’ve always loved the women here. There I said it. I’m only human. To be honest, this is one of the great things about living free overseas, and I don’t just mean romance; when I’m outside of the United States, I have access to a completely different caliber of people– both expats and

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Interesting opportunities in Panama

I’m back in Panama today… I’ve never been so happy to see Panamanian soil before; the trip to Cuba, which I reported on yesterday, was fantastic– but the lack of reliable phone and internet connectivity was problematic now that I have a daily deadline to meet. I spend a lot of time in

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Cuba Part 1

“NO Viet Cong ever called me nigger.” Mohammed Ali’s controversial words succinctly expressed his conscientious objection to the Vietnam War. More importantly, though, his words underscored a critical point– the free-thinking individual does not necessarily share the same enemies as his government. To this day, I cannot recall a single Cuban who has

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An International Man’s View of Finance

Money is a tool that can provide tremendous personal freedom; consequently, the acquisition of wealth is a worthy and noble endeavor.  As global investors and entrepreneurs, we are constantly finding compelling business and investment opportunities that are based upon boots on the ground intelligence coupled with a solid assessment of macro trends. We

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This Trillionaire is FLAT Broke…

William “Bud” Post is flat broke. He has dealt with lawsuits, jail time, bankruptcy, and now lives on food stamps. It seems strange to think that he used to be a multi-millionaire… but it’s true. In 1988 he won $16.2 million from the Pennsylvania lottery (valued at $30 million in today’s increasingly worthless

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Duis mollis, est non commodo luctus, nisi erat lorem [LM TEST] Tag: “LM: Test”

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