Sovereign Man

We recently received a question from a reader asking— given all the volatility in the market, what do we think of US government bonds right now as an asset class? First, it’s absolutely true that there has been a sudden surge in uncertainty. In some respects, it’s astonishing how much... Read more

There is a shady syndicate in the United States that has perfected the art of stealing from taxpayers; they’re so good that they manage to siphon off hundreds of billions of dollars each year. But this is no traditional criminal outfit. There’s no ski masks, no getaway cars, no briefcases... Read more

On June 8, 1974, President Richard Nixon dispatched Treasury Secretary William Simon and his deputy to Saudi Arabia in an attempt to strike one of the most critical—and secretive—economic deals in modern history. Three years earlier, in August 1971, Nixon had severed the final link between the US dollar and... Read more

I imagine my parents must have been extremely apprehensive about bringing a child into the world in the late 1970s. The entire decade was an economic sh*tshow. Inflation soared in the 1970s. The US economy shrank. Stagflation reigned. Unemployment surged to levels not seen since the Great Depression. And then... Read more

“I think we are making a mistake,” said the Vice President, in what the media is criticizing as an unclassified text message discussion. The administration was discussing if, when, and how to strike against the Houthi rebel group in Yemen, which has been menacing commercial ships in the Red Sea... Read more

Russian-born Lydia Lopokova was not happy with her accommodations at the posh Mount Washington Hotel. The world-famous former ballerina complained that, in room 219, “the taps run all day, the windows do not close or open, the pipes mend and unmend.” Not to mention the hotel pool was absolutely frigid,... Read more

About eight months from now in November 2025, over 50,000 world leaders, bureaucrats, activists, celebrities, and VIPs will descend upon the Brazilian city of Belém for the United Nation’s annual climate change lollapalooza, otherwise known as COP30. These esteemed experts will gather to lecture the world on how desperately the... Read more

A few years ago, I was at a private conference listening to a CEO of a silver mining company explain—quite matter-of-factly—how silver prices were being manipulated. He laid out the whole playbook: how major Wall Street traders would flood the market with short positions in paper silver, drive the price... Read more

On November 1, 2023, just as the price of gold reaching its record high price of $2,000 per troy ounce, I clearly stated my position that $2,000 gold was just the beginning. As usual, my argument was grounded in history. Back in the 1960s and 1970s, US government spending soared... Read more

You’d think that Elon Musk whould be the Left’s superhero. He supported Barrack Obama in 2008 and 2012, Hillary Clinton in 2016, and Joe Biden in 2020. He had previously expressed support for a number of the Left’s policy fantasies, including Universal Basic Income. He founded a company which would... Read more

My grandfather was born on April 19, 1915 in a dirty, one-room shack in the town of Bonham, Texas.  Given the era, they had no electricity and no running water. And the family considered themselves fortunate that both mother and baby survived childbirth. Pretty much everyone in the area was... Read more

By the late 1920s, the US economy was booming and had advantages that most of the world did not yet enjoy. Manufacturing in America was extremely competitive due to mass electrification powering factories. Farmers had traded out horses and mules for trucks and tractors. US productivity was surging. Global trade... Read more