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Sovereign Man

Updated about 7 hours ago

Society & Culture
News
Politics
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Personal liberty is deteriorating, the economy is on life support and can flat line any day now, governments around the world are getting crushed by debt, and it’s all getting worse at an exponential rate. Out of these circumstances Sovereign Man was born, and since 2009 we’ve scoured the globe for information, solutions and contacts that help individuals and companies rise above the problematic politics of bankrupt nation states and the fraudulent and fragile financial system by diversifying elements of their lives across national borders. The Sovereign Man podcast covers everything from offshore banking and second passports to finance, frontier investing and international living.

Read more

Personal liberty is deteriorating, the economy is on life support and can flat line any day now, governments around the world are getting crushed by debt, and it’s all getting worse at an exponential rate. Out of these circumstances Sovereign Man was born, and since 2009 we’ve scoured the globe for information, solutions and contacts that help individuals and companies rise above the problematic politics of bankrupt nation states and the fraudulent and fragile financial system by diversifying elements of their lives across national borders. The Sovereign Man podcast covers everything from offshore banking and second passports to finance, frontier investing and international living.

iTunes Ratings

116 Ratings
Average Ratings
87
17
4
3
5

Repetitive

By sy me me - Sep 14 2019
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Message is good to hear for a couple episodes but host talks fast and episodes preach the same message with little actual advice other than trying to push you onto his web page.

Wow

By miguelin m - Jan 07 2018
Read more
New to the show. LOVE what you’re doing 5 stars!

iTunes Ratings

116 Ratings
Average Ratings
87
17
4
3
5

Repetitive

By sy me me - Sep 14 2019
Read more
Message is good to hear for a couple episodes but host talks fast and episodes preach the same message with little actual advice other than trying to push you onto his web page.

Wow

By miguelin m - Jan 07 2018
Read more
New to the show. LOVE what you’re doing 5 stars!

Listen to:

Cover image of Sovereign Man

Sovereign Man

Updated about 7 hours ago

Read more

Personal liberty is deteriorating, the economy is on life support and can flat line any day now, governments around the world are getting crushed by debt, and it’s all getting worse at an exponential rate. Out of these circumstances Sovereign Man was born, and since 2009 we’ve scoured the globe for information, solutions and contacts that help individuals and companies rise above the problematic politics of bankrupt nation states and the fraudulent and fragile financial system by diversifying elements of their lives across national borders. The Sovereign Man podcast covers everything from offshore banking and second passports to finance, frontier investing and international living.

Rank #1: 26: Can the US ever pay off its debt?

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In 1913, the US was the largest creditor in the world.

One century later and the US is in so much debt that there is only one way out: default.

Join me in today’s video podcast as we examine the US government’s own data, and come to a sobering realization.

Dec 11 2014

1hr

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Rank #2: 010: How the Fed Works (and its massive conflict of interest)

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Henry Ford once said, “It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”

He was right about at least one thing– it’s true that hardly anyone on the planet really understands the monetary system… or the way that central bankers manipulate the entire global economy.

Jun 09 2014

56mins

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Rank #3: 100: Why you should absolutely consider Puerto Rico NOW

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Welcome to another edition of the Sovereign Man podcast.

As we enter 2019, you’ll start to see more podcasts from us. And you also might notice a few changes. We’ve upped the production value of our chats with Simon. And we’ll continue to improve both the production and the content of our podcasts.

And we’d love to hear your feedback on our efforts.

In today’s podcast, Simon gives us an update from on the ground in Puerto Rico… and explains why you should absolutely consider moving to Puerto Rico if you have a business, earn investment income or want to freelance and significantly lower your tax bill.

Plus, Simon shares some specifics on how to get started taking advantage of Puerto Rico’s tax incentives (and who can benefit from Act 20 and Act 22).

It’s an outrageous deal to be able to live in paradise and pay essentially zero tax. So if you have any interest in Puerto Rico… and you could potentially benefit from moving yourself or your business there, please do not miss this discussion.

And make sure to subscribe to our podcast on iTunes or Google Play.

Here’s what you’ll hear about in today’s episode:

Intro – Simon talks about how amazing life is in Puerto Rico, something which surprised him. (He’s not a beach guy.)

About 3:00 in — Why moving to Puerto Rico is like moving to Florida… with major financial benefits

5:45 — What Simon gave up to move to Puerto Rico, and why it reminds him of South Park

8 minutes — Why Simon sees voting with your wallet as much more powerful than voting at the booth

10:00 — The big difference between living in a high-tax state like California and living in PR, and how the tax incentives work

18:15 — details about Act 22, including whether it works for crypto people, investments in US companies, etc.

27:27 — details about Act 20, what constitutes a “qualifying” business

31 — Can an employee on salary do this?

32:54 — Are you still paying self-employment, FICA, etc.? How do the taxes work?

36 — How does the IRS consider you a resident of PR? What do you need to do?

36:30 — Do you create an LLC or a corporation?

38:30 — How is the rise of socialism going to affect programs like these? Will these incentives last?

47:50 — Do you need to be wealthy to reap these advantages? What is the income threshold or net worth threshold to make moving to PR a good idea? (Plus, Simon’s decision not to use “rule of thumb” ever again.)

50 — The power of compound-compound (double compound) interest, and whether Einstein said that thing about it.

54: Why Simon is no longer skeptical about the PR tax incentives

57: Why the requirements for Act 20 are better than they’ve ever been (and why you should lock them in… now)

1:09: How expensive is it to live in PR? Are there “middle class” options? Plus, what life is like there

1:11: Drawbacks to living in PR

1:12 Opportunities in PR

1:20: Summing it all up — and Simon’s advice on first steps

We hope you enjoy today’s podcast and learn a lot about expanding your freedom and opportunities.

And make sure to subscribe to our podcast on iTunes or Google Play.

Jan 24 2019

1hr 22mins

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Rank #4: 091: One of the most important issues of our time

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On Monday, I shared a recording from aboard the Investor Summit at Sea, hosted by my friends, the Real Estate Guys.

This is one of the only conferences I attend each year as a speaker. And that’s because I get so much value from the other speakers and attendees – guys like Chris Martenson, Adam Taggart, Robert Kiyosaki, Peter Schiff and G. Edward Griffin.

Yesterday, I was on a panel with Peter Schiff, Chris Martenson and Adam Taggart. And I recorded the discussion for Sovereign Man readers who couldn’t be there in person.

This panel largely centered around agriculture.

As you probably know, I’ve got some experience in the industry… I took thousands of acres of bare, central Chilean land and transformed it into farmland that will soon yield one of the world’s largest blueberry and walnut crops.

But, our discussion didn’t center on my personal experiences with agriculture.

Instead, we dug into agriculture’s global supply and demand fundamentals.

200,000 people a day are coming into the world each day. And they all require food. Also, the number of calories being consumed per capita worldwide is increasing.

On top of that, as developing countries like China and India get richer, the quality of the calories they consume changes – from beans, rice and veggies to more meat (which requires far more resources to produce).

And while demand for food is soaring, arable farmland is on the decline.

This is one of the most important problems of our day. And it’s not an easily solvable one.

We also touch on geopolitical risks like water rights and the economics – and risks – of farmland investments in developing countries (another topic I know well).

A lot of folks say we won’t have a global food shortage because we can just start farming in Africa. But I’m sorry to say that’s not the solution.

It takes a tremendous amount of logistics to produce and transport food. And Africa just doesn’t have it.

In today’s difficult financial and economic climate, there’s a lot to focus on… and to be wary of.

Agriculture’s growing global supply and demand imbalance is one of the trends that certainly has my attention. But even with favorable fundamentals, just like with other asset classes, you can make some major mistakes when investing in this space.

I also closed out the panel by asking everyone what they’re doing with their own money. You’ll want to hear what these smart guys have to say.

Tune in right here…

Apr 11 2018

37mins

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Rank #5: 024: No, taxes are not what we pay for civilized society…

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“Taxes are what we pay for civilized society.”

The famous quote by US Supreme Court Justice Oliver Wendell Holmes Jr. is inscribed above the entrance to the headquarters of the Internal Revenue Service.

Most people don’t have a clue what he meant, or in what context the statement was made. They simply parrot it around to justify the state’s racketeering behavior.

The logic is as twisted as saying “war is the price we pay for peace” or “debt is the price we pay for recovery.”

They’re all logical fallacies, and assertions backed by zero objective evidence.

There’s not much that’s civilized about confiscating people’s assets at gunpoint and spending it on bombs, drones, and wars.

In fact, taxes in the United States are not even a civil matter– they’re an entirely criminal matter. As nearly every tax communication duly informs us, you can be thrown in jail for failing to file a form.

This is not how a ‘civilized society’ conducts itself.

At the time when Justice Holmes wrote that statement, the average tax rate in the Land of the Free was 3.5%.

Today they keep raising taxes, and they keep printing money, because they’ve built an unsustainable system that depends on debt, overconsumption, and war in order to maintain itself.

Everyone knows it can’t last. And to change the system, they put their confidence in the electoral system. As President Obama himself has said on numerous occasions, “Don’t boo. Vote.”

The truth is that voting is a complete waste of time. The “change” is always hollow; the new guy almost invariably comes an incarnation of the last guy.

US government debt now stands at nearly $18 trillion, and they’re borrowing money just to pay interest on the money they’ve already borrowed.

They blow through almost 100% of their tax revenue just by paying interest and mandatory entitlements like Medicare.

They could literally eliminate almost the entirety of government and still not be able to balance the budget.

Of course, no politician is ever going to admit that or act accordingly. So does it really matter who is piloting the Hindenburg?

The far more powerful way to vote is with your actions.

This, and the whole context behind justice Oliver Wendell Holmes’ statement (it’s rather revealing, really), is what we cover in today’s podcast.

Nov 13 2014

34mins

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Rank #6: 092: Why on earth are you still letting big banks screw you?

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Wells Fargo stole the headlines yet again today for defrauding its clients.

The bank was fined $1 billion today for selling over 500,000 clients auto insurance they didn’t need (which in some cases caused the owners to default on their car loans and get their cars repossessed) and for charging erroneous fees to mortgage borrowers.

If you still bank with Wells Fargo, maybe this will finally serve as a wakeup call to take your money elsewhere.

But this is just the latest in a long string of fraudulent bank behavior…

Wells Fargo also opened millions of fraudulent accounts for their customers without their permission – in some cases moving money from existing accounts (without the customers’ knowledge) to fund the new accounts.

And of course there was the entire mortgage fiasco, where banks would recklessly lend depositor funds to unemployed people to buy homes they couldn’t afford… which ultimately led to the collapse of the financial system (which was then bailed out by taxpayers).

And there’s interest-rate fixing scandals, rogue traders losing billions of dollars, commodity price manipulation, forex fraud… the list goes on and on.

These banks willfully and repeatedly abuse the trust placed with them by the public. Yet people continue to allow this to happen… all while making .05% interest!

In today’s podcast, I explain a few steps you can take to get your money out of the banking system and achieve much higher yields – with less risk than keeping your money with a bank.

Sovereign Man readers know I get fired about with these banking abuses. That’s one of the reasons I started my own bank.

And I’ve got a few choice rants in today’s podcast.

Again, you no longer have to participate in this system. There are plenty of alternatives today.

Tune in to today’s podcast here.

Apr 20 2018

45mins

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Rank #7: 009: A conversation about entrepreneurship and US real estate

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This podcast features a very special guest. A close friend. One of the most talented real estate investors I know. And someone who I respect beyond measure.

J Massey.

For the last two years, I brought J to Lithuania to our annual Liberty & Entrepreneurship camp where we teach up and coming entrepreneurs about business, investing, and success.

I only bring the best of the best to this camp, and J is definitely in that category.

Now, I’m bringing him to you in this podcast.

J has owned more than 100 pieces of real estate, so if you’re interested in making money through real estate, or just thinking about buying a new home, then grab a pen and a piece of paper and take some notes. You’re not going to want to miss what J has to say.

J has put together a special offer for his book that you can access here.

May 26 2014

31mins

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Rank #8: 080: Why you’ll probably lose money in bitcoin, regardless of the price

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Bitcoin hit another all-time high today on the back of two, major announcements.

Dedicated Sovereign Man readers know I don’t pay much attention to Bitcoin’s price. Instead, I focus on the market cap and demand fundamentals.

In today’s Podcast, I explain my thoughts on the future demand of Bitcoin and other cryptocurrencies and what these two announcements mean for the sector.

And I share the role of investor psychology in cryptocurrency speculation… And why most people buying crypto today will get crushed – even if Bitcoin hits $1 million a coin.

Nov 02 2017

33mins

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Rank #9: 077: The reason why ICOs have been going through the roof…

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First it was Pets.com, and all the unbelievably stupid Internet businesses in the 1990s.

Investors were so eager to buy dot-com stocks, all you had to do was put an “e” in front of your business or product and you’d immediately be worth millions.

It didn’t matter that most of these companies didn’t make any money. Investors kept buying.

Later on after the dot-com bubble burst, another big craze developed in junior mining stocks– shares of small exploration companies looking for big mineral deposits.

The epicenter of the junior mining industry is in Vancouver, Canada, and the stock exchange there (TSX-V) throttled to record highs.

Shares of companies with literally no profits, no revenue, and no assets were worth tens of millions of dollars.

Then that bubble burst.

A few years later, a new hot craze developed– in cannabis companies.

The market has been flooded with companies (many of them curiously based in Canada’s poor climate and high cost structure) with plans to grow medicinal marijuana.

Their stock prices have soared, with valuations in some cases exceeding $1 billion.

Every time the bubble bursts with these big trends, most of the companies get wiped out.

Only a handful survive– primarily the ones who focused on building long-term, sustainable businesses instead of chasing a quick buck.

From the ashes of the dot-com bubble, companies like Amazon, Godaddy, eBay, etc. emerged in-tact and are still successful today.

Similarly, while many junior mining companies went completely bust, a handful are still operating and quite profitable.

And there will be a few extremely successful cannabis companies over the next several years who step over the remains of their innumerable, defunct competitors.

Clearly today’s big craze is crypto and blockchain.

Like the dot-com bubble in the 90s, you could add the concept of blockchain to just about anything and have a ‘business’ worth millions, no matter how idiotic the original idea.

(Someone will soon pitch me an idea for an app to publish grocery lists into the blockchain. It’s absurd.)

And like all the other big investment fads in the past, most of the companies in this space won’t exist a few years from now.

There are lot of reasons for that, starting with the fact that building a business is hard.

I’ve done it successfully a few times. And unsuccessfully more times that I care to remember: it’s incredibly difficult, so the odds are against most of these companies anyhow.

But more importantly, these big investment fads always attract people looking to make a quick buck. And that doesn’t work in the long-run.

Case in point: earlier this week a company called HIVE Blockchain Technologies went public.

It’s stock price is already up over 3x… since MONDAY, from an opening of 62 cents to $1.89.

Just prior to that, the company closed a private placement at 30 cents… and a few months ago the company was selling shares between 1 and 3 cents.

In other words, a handful of speculators made more than 600x their money in just a few months with a company that has ZERO revenue, simply because ‘Blockchain’ is so popular right now.

This has become the norm in the world of crypto and blockchain.

ICOs, another hot crypto fad, have been racking up huge returns of their own.

‘Tokens’ issued by crypto startups that have no profit or revenue are seeing similar gains of 2x to 10x or more in a very short period of time.

In the case of HIVE, the company is in the business of mining cryptocurrency.

And based on its current stock price, HIVE is worth close to $400 million.

Yet its own financial statements report that they have not generated a penny in revenue.

What’s more, the company’s “illustrative results” show that they -could- make around $7 million per year.

So investors are already paying 57x that amount before the company even gets started.

Even more curious, HIVE’s only real asset is its client relationship with a company called Genesis, one of the largest crypto mining companies in the world (and also a major shareholder in HIVE).

Genesis has more than a million customers who pay an up-front, flat-fee to have the company mine cryptocurrency on their behalf.

HIVE is now essentially a customer of Genesis.

So investors are essentially buying shares of HIVE at a price that’s 57x what the company says it -could- be making (but isn’t) by having Genesis mine cryptocurrency for them.

Seems like investors could save themselves the trouble (and forgo the 57x share price markup) by simply becoming direct customers of Genesis themselves.

Who knows… maybe HIVE is the real deal. Maybe it’s the rare eBay or Amazon that emerges from the bubble in-tact and successful.

But this is a pretty clear example of the irrationality that ensues every single time there’s some white-hot investment fad.

After a hiatus of many, many, many moons, I blew the dust off my microphone and recorded a new podcast about this topic.

It wasn’t so much a podcast as a heated rant against this ridiculous bubble… and a clear explanation of precisely WHY so many crypto assets are generating unbelievable returns.

You can download it here.

Sep 22 2017

1hr 8mins

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Rank #10: 070: There’s no reason I should be alive right now

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One of the most profound moments of my entire adult life came to me when I was learning about my family history, which I’ve managed to trace back over eight centuries.

I discovered so many incredible stories from the past, and the indelible conclusion that I’ve reached is that it’s an absolute miracle that any one of us exists.

The last few millennia have seen war, plague, and some of the worst conditions this species have ever experienced.

Looking back at my own ancestors’ lives I’m astonished at how many close calls I’ve had to never being born. I’ve calculated the odds, I had a 99.99999% chance of never existing.

But despite the odds, my ancestors survived. All of our ancestors survived.

And because of that string of luck, I’m here today. And so are you.

These days, we have it easy by comparison.

Most of us don’t have to deal with genocide, pandemic killer diseases, and civil war… yet we still have our own threats to face.

Governments across the West have amassed unprecedented amounts of debt, and are adding even more with each passing day.

Banks and whole financial systems are highly illiquid and in many cases even insolvent.

Our threats are financial. They are political. They are existential. And they are just as dangerous.

History is generous with examples of how governments, pressed by bankruptcy, have almost invariably turned to plunder the wealth of their citizens.

As well as how insolvent financial systems have culminated in extraordinary crises that have fundamentally changed the face of society.

It’s difficult to ignore these lessons today, especially when we can see things moving in the same direction.

It’s no secret that the US government is bankrupt. They tell you themselves each day as they publish how much debt they owe, to the penny, for the world to see.

It’s no secret either that the Federal Reserve is out of capital on a mark-to-market basis, which you can find stated very clearly in the reports they publish every Thursday.

The information is all right there for anyone who cares to look.

People who ignore these obvious realities do so at their own peril.

In many respects the purpose of our lives is to survive and pass wealth on to the next generation.

And that’s only possible if we can recognize the obvious trends and take action to prepare ourselves for what’s to come.

Luckily, given the modern technology available now in 2016, mitigating these risks is something that anyone can do.

And by taking the right steps it is more than possible to turn this period of chaos into one of opportunity.

Listen in to today’s podcast as I share some deep family history and the steps you can take to ensure that no matter what happens next you are in a position to not only survive, but thrive.

Aug 05 2016

42mins

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Rank #11: 85: Don’t ignore looming catastrophes… take action

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In today’s podcast, we discuss the recent crypto meltdown (led by Ripple) and how it plays into our recent theme of avoiding huge mistakes.

Here’s the thing about big mistakes… they’re usually obvious and avoidable.

Like when the Social Security Board of Trustees told the world in its 2017 report that the “Trust Fund reserves will be depleted by 2035”… and that an “immediate and permanent reduction” in benefits to all current and future Social Security recipients is a reality.

The government is telling you Social Security is running out of money. What are you doing about it?

Likewise this morning, when Bloomberg reported China (the world’s largest foreign holder of US Treasurys) is considering slowing or halting purchases of US government debt.

This would have potentially catastrophic financial implications… and it’s been a worry for a long time.

But most people simply ignore the possibility.

You can tune in here to learn about some of the big problems that are coming down the pipe and some simple steps you can take to prepare for them.

Jan 11 2018

38mins

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Rank #12: 086: The only sector that offers value today

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In today’s podcast, I talk with our Chief Investment Strategist, Tim Staermose, about the global economy.

We’re in the midst of one of the longest economic expansions in history. Most assets are trading at all-time highs. Meanwhile, debt is also at all-time highs.

But we don’t have a crystal ball… this boom could easily continue for longer than anyone expects.

However, Tim notes the US economy largely runs on cheap money and cheap oil. And right now, both interest rates and oil prices are on the rise.

Most people aren’t talking about it, but oil prices have jumped 50% in the past seven months.

And that means, sooner or later, people will be spending more money at the pump and more money on debt payments – which leaves less money for everything else.

But if you look hard enough, you can still find value in today’s market.

In this podcast, Tim shares the one sector where he’s personally investing.

You can tune in here.

Jan 18 2018

33mins

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Rank #13: 007: How to destroy your financial system

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I’m here in the Land of the Free, in New York City.

And just as I was wondering what I would say to a high-ranking US politician if they asked me for advice on how to destroy their financial system, Joe Biden’s limousine arrived at my hotel accompanied by small army of secret service agents.

Alas, he hasn’t yet sought me out for my input but if he did want to know how to destroy the US financial system here’s what I would tell him:

May 05 2014

43mins

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Rank #14: 069: Tim Price on the Brexit investment opportunities

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I’ve never been so happy to be so wrong.

Britain’s referendum on whether or not to stay part of the European Union was marred by some of the most blatant propaganda we’ve seen in the West in a very, very long time.

But… at the end of the day, the British government at least accurately counted the votes. No shenanigans.

“Leave” prevailed. So the UK will officially be leaving the European Union.

This has led to some unprecedented moves in the financial markets.

The pound is at its cheapest level in decades. High quality British companies are now trading for extraordinary discounts.

Investors are panic-selling because they don’t know what’s going to happen next.

Britain has been part of the EU for four decades, and now that’s coming to an end.

Nothing scares people more than their fear of the unknown.

In fact, for decades, the political, media, and financial establishments have been pushing people along a very clear path that they wanted us to follow.

Elections always represented the illusion of choice between establishment candidates and their establishment policies.

This referendum, just like the surge of candidates like Bernie Sanders and Donald Trump, constitute a major revolt.

Simply put, this wasn’t part of the plan. So the system is in complete panic.

This is a huge opportunity, especially for foreign investors who have an unprecedented chance to pick up high quality British assets on the cheap.

I wanted to dive into this, so I rang up my colleague Tim Price, London-based wealth manager and one of the sharpest investors I know.

Tim and I discuss several options in both stock and the currency markets, and he even highlights what investments to avoid.

You can listen in to our call here.

Note: Tim and I cover the following… and MUCH more:

  • Will the UK experience a major financial recession?
  • The pound has cratered. Is it a buy?
  • Sell this currency instead.
  • Why the polls are always wrong.
  • Will the US dollar remain strong?
  • Avoid this entire industry if you’re buying stocks.
  • What you want to think about buying… and when.

Jun 24 2016

46mins

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Rank #15: 008: Observations from my recent travels in the Land of the Free

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Last week in the Land of the Free, I heard a radio campaign ad for a local political candidate while in Texas.

In the ad, he was talking about the debt and excessive government spending. And then he said something along the lines of, “We need to get this under control before America goes bankrupt.”

‘Buddy,’ I remember thinking, ‘America isn’t going bankrupt. It already IS bankrupt.’

Have a listen to my most recent podcast (or watch it below) to hear more about what I saw on my recent trip to the United States.

I highly recommend taking advantage of the resources I share at the end of the podcast — click the links below to learn more:

Sovereign Man Starter: https://secure.sovereignman.com/starter

If you’re just starting out and you want high quality, fast track intelligence with world class experts to cover all the fundamental areas, Sovereign Man: Starter is a great place to begin.

Sovereign Man Master Class: https://secure.sovereignman.com/masterclass

Master Class is for folks who understand that there is no “one size fits all” solution. Your situation may be different. And Master Class brings a number of options to the table so you can figure out which one is right for you.

Sovereign Man Confidential: https://secure.sovereignman.com/smc/join

SMC is our flagship intelligence alert service for his inner circle premium members. There is no finer intelligence service out there covering everything from global investment opportunities to international asset protection and diversification.

May 14 2014

45mins

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Rank #16: 082: The two things that can pop the ICO bubble

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In today’s podcast, I tackle the subject of Initial Coin Offerings (ICOs).

Regular readers know I’m skeptical of cryptocurrencies. And I think many ICOs are outright frauds.

We’ve seen celebrities like Paris Hilton, Jamie Fox and Floyd Mayweather all endorse ICOs. A friend of mine who’s raising money in an ICO even told me these things are a bubble.

Still, we see more and more companies raising capital from a rabid public.

But regulators are already sniffing around. And there are two things that could cause this bubble to crash… quickly.

You can listen here.

Nov 17 2017

47mins

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Rank #17: 071: How can anyone trust these people?

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What I’m about to tell you is a true story.

And by the end of it, I hope it will be pretty clear that we’ve been programmed to put far, far too much trust in the banking system.

We’re told that banks are supposedly “risk free”.

And yet every scrap of publicly available evidence shows that banks take every opportunity to prove that they cannot be trusted with other people’s money.

They have been caught colluding to fix interest rates, exchange rates, and commodities prices to the detriment of their own customers.

They make insanely stupid bets with their depositors’ savings… and then when the bets go wrong, they go to the taxpayer with hat in hand claiming that they’re too important to go bust.

But most importantly, as my story will show you, they act with a sanctimonious sense of self-entitlement… that it’s no longer YOUR money in the bank. It’s their money.

And they’re going to do whatever they damn well please with it.

Take a listen in today’s podcast… the first I’ve put out in a very long five months.

Dec 22 2016

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Rank #18: 095: Nobody knows where the next crisis will erupt… here’s how to prepare

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Last week, Paolo Savona, an Italian man no one outside the country had ever heard of, was denied the position of finance minister.

Italy’s President denied his appointment because Savona is anti-euro. The President believes Italy should remain part of the euro.

I wrote a Notes about the entire situation last week.

But the point I discuss in today’s podcast is that this situation should not have been a major deal… but it wreaked havoc across global markets. Even some of the world’s safest assets sold off.

So if this turmoil in Italy can cause such chaos, what will happen when there’s a MAJOR crisis?

How should you prepare?

The event that will end this 10-year bull market will catch almost everybody by surprise. That’s the nature of the beast.

So you must take time now, while you’re still thinking clearly, to come up with a game plan of how you’ll handle the next downturn. Because when the event comes, and stocks crater, it will already be too late… emotions will take over.

On the podcast, I discuss the types of questions you should be asking yourself and the decisions you should be making today.

I also share some of my experiences from my recent travels to Australia, the Philippines and Bangkok.

You can tune in here.

Jun 05 2018

47mins

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Rank #19: 067: You don’t expect a disaster like this until it happens.

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No one likes to pay for insurance.

If you don’t smoke, if you go to the gym regularly, and if you generally eat well, it just might not seem worth it.

Especially when the average cost of insuring against just catastrophic health incidents can take up about 4% of your income.

But most of us do it anyway.

After all, paying small amounts over time feels a lot better than having to write a huge check when you’re at your worst.

It’s become the norm to take out insurance against just about every possibility—

We buy car insurance in case we get into a car wreck.

We buy house insurance in case our house catches on fire.

We buy life insurance in case we die sooner than expected.

However, there’s one huge threat to our livelihoods that very few insure themselves against: financial disaster.

In comparison to your house suddenly bursting into flames, financial panic is far more predictable and frequent.

Given that the average business cycle lasts about 6 years, the average person will see at least 10 recessions in their lifetime.

So while we may not know exactly the day or month that it will hit, we know it’s coming.

And unlike a heart attack, financial crises don’t come out of nowhere. They can be diagnosed ahead of time.

In today’s podcast as I do a physical on the United States’ economy, in which the vitals are showing serious signs of strain and weakness:

  • Incomes have stagnated across the country, accompanied by a major decline in living standards
  • The federal government’s cash balances are so low, that on some days it has less than some private companies
  • Banks have made it a habit of holding very little cash reserves, leaving them vulnerable to any shocks to the system
  • The Treasury has begun blatantly siphoning off funds from the Fed
  • Hundreds of pages of regulations are being passed each day to make you less free
  • The government and central bank are already stealing from you

Join me as I show how the decline in freedom, government bankruptcy, and an insolvent financial system are all related. I also cover several ways that you can insure yourself quickly and easily against all of this.

Listen in here.

May 26 2016

46mins

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Rank #20: 096: I was just offered a $500 million investment deal… and I worry it’s a sign the top is in

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In today’s podcast, I share the details of a deal a well-known private bank just offered me (and its roster of other high-net worth clients).

It’s a bad deal in every way… the asset in question is valued insanely high, there’s likely a ton of debt attached to this deal and I doubt anyone who invests will make their money back.

Still, I’m confident this deal will get done. It’s classic top-of-the-cycle economics.

If you look back throughout history, during every boom, there’s one asset that gets insanely bubbly.

In the 90’s, it was tech stocks.

In the 2000’s, it was real estate.

And I tell you what that asset class is today… and why, just like every time in the past, this will end in recession.

I also looked back to see how long it takes for the economy to correct after the Fed starts raising interest rates.

You should listen in for the reveal… But I will tell you, the Fed started raising interest rates in December 2015. And, if history is any indicator, a recession could happen very, very soon.

Luckily, as an individual investor, you don’t have to participate in this madness. You’re allowed to wait it out on the sidelines.

Because better deals will be on the way. And you’ll have the opportunity to buy incredibly high-quality assets for pennies on the dollar.

That’s what I’m doing. And I share a few ideas toward the end of today’s discussion.

You can listen in here…

Jul 02 2018

49mins

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