Doug Casey on Taxes and Freedom

The always-outspoken Doug Casey addresses a broader view of taxation and its costs to both individuals and society in general in this interview with Louis James.

Louis James: We get a lot of letters from readers who know about your international lifestyle and wonder about the tax advantages they assume it confers. Is this something you care to talk about?

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Doug Casey on Taxes and Freedom

The always-outspoken Doug Casey addresses a broader view of taxation and its costs to both individuals and society in general in this interview with Louis James.

Louis James: We get a lot of letters from readers who know about your international lifestyle and wonder about the tax advantages they assume it confers. Is this something you care to talk about?

[Read more...]

Run, Saverin! Run!

Run, Saverin! Run!

Were it not for the fact that you’d still have to suffer the eternal torment of actually living with your wicked, miserable little self, life as a willing and active member of The State might be pretty tempting. After all, Team State — operating in direct competition with Team Freedom — enjoys some rather significant advantages, both on and off the field.

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Run, Saverin! Run!

Run, Saverin! Run!

Were it not for the fact that you’d still have to suffer the eternal torment of actually living with your wicked, miserable little self, life as a willing and active member of The State might be pretty tempting. After all, Team State — operating in direct competition with Team Freedom — enjoys some rather significant advantages, both on and off the field.

[Read more...]

The Difference Between Market and Government Swindles

What’s going on in the markets?

Well, a gloriously strong chávena de café at one of this city’s many colorful, street side vendors (not Starbucks) will set you back one Brazilian real, or around fifty cents. In other words, pretty cheap. A Caipirinha on the deck of what is surely the most unique hotel bar your editor has recently visited, however, will cost you the equivalent of maybe forty chávenas de café — about twenty dollars. Still, you pay for the view…and for the city skyline in the background.

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The Difference Between Market and Government Swindles

What’s going on in the markets?

Well, a gloriously strong chávena de café at one of this city’s many colorful, street side vendors (not Starbucks) will set you back one Brazilian real, or around fifty cents. In other words, pretty cheap. A Caipirinha on the deck of what is surely the most unique hotel bar your editor has recently visited, however, will cost you the equivalent of maybe forty chávenas de café — about twenty dollars. Still, you pay for the view…and for the city skyline in the background.

[Read more...]

A Big Oops at JP Morgan!

Congratulations, Federal Reserve! Your zero interest rate policy tempted the world’s most-sophisticated bank to create its own toxic blend of interest income in the derivatives markets.

JPMorgan made headlines late last week for a $2 billion trading loss that’s likely to grow over time. Today, the bank’s CIO fell on his sword for the trading gaffe. Ina Drew, a 30-year veteran of the firm decided today was a good day to “retire” from his trading desk.

[Read more...]

A Big Oops at JP Morgan!

Congratulations, Federal Reserve! Your zero interest rate policy tempted the world’s most-sophisticated bank to create its own toxic blend of interest income in the derivatives markets.

JPMorgan made headlines late last week for a $2 billion trading loss that’s likely to grow over time. Today, the bank’s CIO fell on his sword for the trading gaffe. Ina Drew, a 30-year veteran of the firm decided today was a good day to “retire” from his trading desk.

[Read more...]

Taxing the Rich to Fix the Economy

Gold down below $1,600! Is the bull market in gold finally over?

Nah…let’s change the subject.

Today, our hearts go out to the poor 1%…

Yes, dear reader, they’re blamed for the crisis…

They’re reviled, calumnied, and criticized…

They’re hunted by the taxmen…

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