The latest casualty in the global pension catastrophe is…

In the year 6 AD, the Roman emperor Augustus set up a special trust fund known as the aerarium militare, or military treasury, to fund retirement pensions for Rome’s legionnaires.

Now, these military pensions had already existed for several centuries in Rome. But the money to pay them had[...]
  • Simon Black
  • June 22, 2018
  • Sovereign Valley Farm

Do you have a cryptocurrency addiction? This British hospital has a treatment for you

By the time Louis XIV passed away in 1715, seven decades of his absurd extravagance had nearly bankrupted France.

His reign was marked by constant warfare and the most excessive spending imaginable, from opulent palaces (including Versailles) to a costly welfare state-- public hospitals, parks, monuments, museums.

Louis[...]
  • Simon Black
  • June 20, 2018
  • Santiago

This former trillionaire is flat broke

It’s hard to imagine, but today is actually Sovereign Man’s 9th birthday.

Nine years ago, on June 19, 2009, I sent out the first ever Notes from the Field email.

To commemorate the occasion, I thought I’d republish that first article… because I think it still captures the[...]
  • Simon Black
  • June 19, 2018
  • Santiago

Surprise! Taxpayers have been footing the bill for sexual misconduct in Congress

On January 23, 1995, President Bill Clinton signed into law a piece of legislation that had been almost unanimously approved by both the United States Senate and the House of Representatives.

It was called the Congressional Accountability Act of 1995-- CAA.

The idea behind the CAA was to[...]
  • Simon Black
  • June 18, 2018
  • Santiago

The Hitler of South Africa tells white people he won’t kill them. . . yet

Earlier this week while most of the world was transfixed on the World Cup, the Trump/Kim handshake, or a multitude of other sundry events, Julius Malema, aka the Hitler of South Africa, was busy telling white people in his country that he’s not going wage genocide against them. Yet.

[...]
  • Simon Black
  • June 15, 2018
  • Santiago

On the verge of a major turning point

This morning I had the pleasure of being buried in a mountain of paperwork-- the penalty for trying to do basically anything in the financial system these days.

It seems that everything, from sending a wire transfer to establishing a new account, comes with endless bureaucratic hoops to jump[...]
  • Simon Black
  • June 14, 2018
  • Santiago