SovereignMan

104: Taking matters into your own hands

Last week in its annual report, the US government reported that Social Security’s long-term, unfunded liability now exceeds $50 TRILLION. Moreover, they state that the Social Security and Medicare trust funds will run out of money in 2034. This is the government’s own calculation. Bottom line: The younger you are, the less you should count […]

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US government’s net worth is now NEGATIVE $75 TRILLION

Usually around the middle of February each year, the US Treasury Department releases an annual report of the federal government’s financial condition. It’s called the Financial Report of the US Government… and it looks a lot like an annual report that you might see filed by a big company like Apple or Facebook. Except that, […]

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If Donald Trump is the King of Debt, these guys were the Kings of Inflation

Maximilian Bern had saved up 100,000 German marks for what should have been a modest, but comfortable retirement. But in 1923, he withdrew every last cent, and spent it all on one purchase: a subway ticket. He rode around his city one last time before returning home, and locking himself in his home, where he […]

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The US government canceled 362,000 passports last year. Was yours one of them?

Starting in 2021, Americans will require permission to visit Europe… technically the 26 borderless countries within Europe’s Schengen area. The process will start out simple enough, taking about ten minutes to complete and costing around $8. The EU estimates it will grant about 95% of the Americans who apply three years of access to the […]

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Remember Negative Interest Rates? Yeah, that’s still a thing.

It’s not enough to hand over your money to the government anymore. Now you have to pay them for the privilege to do so. That’s the basic premise behind negative interest rates: investors around the world are crazy enough to buy government bonds whose yields are actually below zero. In technical terms, this GUARANTEES that […]

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One thing Congress gets right: funding their own pensions

Turns out Congressmen make a lot of money… A study found that while the average American’s net worth increased 3.7% per year between 2004-2012, members of Congress averaged 15.4% annual gains. That high level of pay means half the members of Congress are millionaires today… and continue to collect their $174,000 annual salary. Of course […]

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Socialism in the UK means no pools, no swearing and citizens pulling their own teeth

The events that I am about to describe to you are 100% true. They have already happened to various people across the United Kingdom, which in some respects is leading the charge to 21st century “Big Brother” authoritarianism. It’s all real, and it’s all disturbing. To humanize it a little bit we have pulled several […]

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Here’s at least one country that hasn’t completely lost its mind

In 1965, the tiny, fledgling country of Singapore seemed like it was on the verge disaster. It had only just split off from Malaysia due to severe racial tensions between them, and just two years had passed since independence from the United Kingdom. Singapore started its nationhood with no natural resources, no army, and almost […]

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Even Alexandria Ocasio-Cortez qualifies for a second passport

She wants to nationalize healthcare. Raise your taxes to 70%. Legislate her way to ending poverty and saving the environment. And if she had her way, probably cleanse the English language of offensive words like gender pronouns. Yes, this former bartender turned national sensation (due to the sole fact that 4,000 more people in the […]

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Exhumed remains of Karl Marx to run for US President

Earlier this morning, New Jersey Senator Cory Booker became the latest socialist to throw his hat in the ring for the US Presidency… He announced his candidacy with a new website and two-minute video full of the usual collective hoopla. Bear in mind that Booker raised taxes by 20% while serving as mayor of the […]

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