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If there was a single undercurrent running through the most recent monthly Q&A call, it was fear.
Fear of AI destroying livelihoods and concentrating power.
Fear of custody risk and the “Great Taking.”
Fear of governments seizing commodity assets through windfall taxes and nationalisation.
Fear of a closed Strait of Malacca, the war in the Midd...
International Man: It seems like a growing number of young people have concluded that saving, working hard, and investing prudently won’t get them anywhere. So they’re turning to sports betting, meme stocks, crypto speculation, and lottery-style trades. Is this simply bad judgment, or is it a rational response to a broken financial system?
Doug...
Wars have historically been one of the biggest drivers of major jumps in US government debt.
The war Between the States in the 1860s was the first true explosion: federal debt rose from about $65 million in 1860 to roughly $2.7 billion after the war—an increase of over 4,000%.
(The percentage growth is so large because the debt was starting from such a low base,...
Lookie here…
The United Arab Emirates recently announced it would quit OPEC after nearly six decades, striking a major blow to the oil cartel and to Saudi Arabia, its unofficial leader.
Let’s be clear, the UAE didn’t leave OPEC. They were bought out. You may recall that this event was preceded by two major developments that tell the actual story. The first was t...
To eliminate misunderstanding as to what taxes are, it is helpful to define the word “theft.” One good definition is “the wrongful taking and carrying away of the personal goods of another.” The definition does not go on to say, “unless you’re the government.”
There is no difference, in principle, between the State taking property and a street gang doing so, exce...