Here’s how a few government pension funds are trying to close their $7 trillion funding gap

There may perhaps be no other group of investors that’s more DESPERATE today than pension funds.

Pensions, of course, are the giant funds responsible for paying out retirement benefits to workers.

The idea is that both the employer and the employee typically contribute a set percentage of the[...]
  • Simon Black
  • August 16, 2017
  • Santiago

The new American Dream: rent your home from a hedge fund.

About a month ago I joined the Board of Directors of a publicly-traded company that invests in US real estate.

The position brings a lot of insight into what’s happening in the US housing market. And from what I’m seeing, the transformation that’s taking place today is extraordinary.

[...]
  • Simon Black
  • August 15, 2017
  • Santiago

Social Security requires a bailout that’s 60x greater than the 2008 emergency bank bailout

A few weeks ago the Board of Trustees of Social Security sent a formal letter to the United States Senate and House of Representatives to issue a dire warning: Social Security is running out of money.

Given that tens of millions of Americans depend on this public pension program[...]
  • Simon Black
  • August 11, 2017
  • Sovereign Valley Farm

This cryptocurrency website is selling for more money than Facebook’s

What’s money worth if interest rates are negative?

Interest rates, after all, are the “price” of money.

When we borrow money from a bank and pay interest on the loan, it means that the money we’re borrowing has value. That –capital- has value.

Negative interest[...]
  • Simon Black
  • August 9, 2017
  • Santiago

Still one of the best real estate deals in the world

After roughly two months away in Europe and Asia, it’s great to be back here at my favorite place on earth.

I’m not talking about Chile-- although I do enjoy the country. I'm talking specifically about this farm. It’s the perfect place for me.

The views are[...]
  • Simon Black
  • August 8, 2017
  • Sovereign Valley Farm

Here’s what happened when they raised taxes 2,000+ years ago

In 353 BC, as violent class warfare broke out across ancient Greece, one wealthy Athenian lamented in his journal,
When I was a boy, wealth was regarded as a thing so...admirable that almost everyone affected to own more property than he actually possessed. Now a man has to be ready[...]
  • Simon Black
  • August 7, 2017
  • Sovereign Valley Farm