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If you were to head to Bloomberg, CNBC, or Yahoo Finance this morning and see virtually all green across the board in US markets, you wouldn’t think it’s a sad day for America. And yet, despite stocks being up and investors positively effervescent, it is indeed a sad day, because
Four years ago this month, Washington passed a law and named it, with a straight face, the Inflation Reduction Act. Bizarrely, their plan to ‘reduce inflation’, which had been caused by excessive government spending, was for the government to spend even more money. It’s genius! Among its various provisions, part
When Walmart founder Sam Walton passed away in 1992, his family fortune made him the wealthiest person on the planet… by far. His Walton Family Enterprises was worth $23.8 billion— nearly four times as much as Bill Gates at the time. And if he were still alive today, Walton would
At 4:15 in the morning on November 4, 1956, Soviet artillery opened fire on the city of Budapest. And the subsequent firestorm was nothing short of devastating. Two weeks earlier, students and factory workers had risen up against the Soviet-installed puppet government in Hungary. They pulled down Stalin’s statue, rampaged
Arguably the most famous man on the planet throughout the 1700s was the famed writer Francois-Marie Arouet, known to history as Voltaire. He wasn’t just a celebrity writer and philosopher, however; Voltaire was also a wealthy capitalist and nobleman who almost single-handedly turned the impoverished region of Ferney into a
Every country on earth keeps a rainy-day fund: a pile of emergency savings, managed by its central bank, set aside for wars, crises, and currency runs. These stockpiles of cash around the world are known as a nation’s “reserves”, and the people who manage those funds are called reserve managers.
In 2023, Jason Arday became the youngest black professor in Cambridge University’s history. His story, as told in a decade of glowing profiles, was the stuff of Hollywood. Arday was autistic and nonverbal until age 11, and could not read or write until 18. He was epileptic, yet ran 30
[Editor’s note: This letter was written by Schiff Sovereign’s CEO, Viktorija, who was born and raised in Lithuania and is now based between Mexico City and Panama.] It’s been about 15 years since I moved away from the tiny village in rural Lithuania where I grew up… and back then
In the year 711, a Berber commander named Tar-iq ibn Ziyad crossed from North Africa with a reported 7,000 men and landed at the base of the mountain that still carries his name: Jabal Tar-iq (Tar-iq’s Mountain). The name eventually became Jabal-tar, or Gibraltar. Tar-iq’s army was the western tip
Government at every level had a productive week: threats were identified, action was taken, and press releases went out. Just kidding. It was another ridiculous week of mind-numbing incompetence and waste. The Senate’s answer to childhood diabetes: ban Tony the Tiger Senator Bernie Sanders— himself quite a wealthy man— has
“Press is going wild with me,” Dr. Anthony Fauci wrote in his diary on March 22, 2020, days after he had helped pressure the country into shutting down in the name of COVID. The Senate Homeland Security and Governmental Affairs Committee just released 1,141 pages of his near-daily entries from
How much do you think it would cost to send a supertanker, one of the giant ships that move the world’s crude oil, through a narrow stretch of water that is full of mines, where missiles hit two tankers in early July, and where a crew member has already been
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