Give Yourself Diplomatic Immunity from Out-of-Control Politicians

An honest banker should no more lend out demand deposit money than Allied Van and Storage should lend out the furniture you’ve paid it to store

In case you have not guessed, I loathe governments. Since the beginning of history, they have been despicable organizations that attract the worst kinds of people — those who obey orders without regard to ethics.

In today’s essay, I’m going to show you another milestone on the road to the full legalization of cannabis in the U.S. It centers around one of America’s forgotten cash crops…

Mike Maloney thinks that hyperinflation is a distinct possibility in the US. So when I read about the runaway inflation rates in Venezuela, I wondered how that would play out in the US if he’s right.

There are always some people who understand work ethic and responsibility. They are the producers. There are also always some who have no desire to work or otherwise take responsibility for themselves. They are the parasites.

Drugs are a charged subject everywhere. They’re a “hot button” topic. Everyone has a strong opinion, often irrational, that seems to come from deep in the most reactive recesses of their collective minds.

Maybe Mr. Trump is smarter, more dynamic, or just luckier… Possibly. But the gods lay traps for those who think they are… and laugh at them later.

Amateur investors run from crisis. Great investors run toward it.

Jeff Berwick—who runs Anarchapulco 2019—sits down with Joel and chats about living the unfettered international life.

Increasingly, both Europeans and North Americans whom I meet are expressing their concern that the social structure of their countries appears to be breaking down.

The purpose of having more money is to get what you want out of life. And you may have more than enough money to do that right now, if you just take stock and reallocate it.

The US federal government classifies marijuana as a Schedule I drug. Heroin and LSD are in the same category. That’s ridiculous.

Just imagine what we would know – how many sick people could have been helped, their pain alleviated – if the state hadn’t basically inhibited research into this plant going all the way back to the 1930s.

We had never previously spent even two minutes thinking about Turkey or its finances. But then, after the president roused our curiosity, we saw what we think was a glimpse of the future.

In this special coffee shop, the diner decides what level of tax he feels he should pay his government, in accordance with what he feels his government’s contribution has been to his meal.

Facebook: I hope it goes bankrupt. I hate it as an institution. I hate what it does.

It’s a very good thing that coins in the crypto world must sink or swim based on their own merits, that there is no “lender of last resort” on standby to bail them out if they misbehave.

The U.S. exports its inflation…exchanging its major export item – dollars – for cheap Chinese-made goods. This keeps the CPI from rising, which prevents the working stiffs from noticing they’re getting ripped off.

The odds that “I’ll just go to Idaho” might be a workable solution to a crisis, would be unlikely in the extreme.

Even if you are already wealthy, some thought on this topic is worthwhile. What would you do if some act of God or of government, a catastrophic lawsuit, or a really serious misjudgment took you back to square one? One thing about a real depression is that everybody loses. As Richard Russell has quipped, the […]