Tag Archives: Simon Black

Americans renouncing US citizenship soars to yet another record high

by Simon Black 1,426. That’s the number of Americans who renounced their US citizenship last quarter according to the US government’s report just released this morning. That’s a record high for a single quarter, easily beating the last record high … Continue reading

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It Will Take 398 Million Years To Pay Off The US Government’s Debt

by Simon Black The US government’s debt is getting close to reaching another round number—$18 trillion. It currently stands at more than $17.9 trillion. But what does that really mean? It’s such an abstract number that it’s hard to imagine … Continue reading

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Singapore official discusses ‘uneasy calm’, tells banks to prepare for financial collapase

by Simon Black While just about every other central bank on the planet is giving everyone two thumbs up on the economy, the deputy chair of the Monetary Authority of Singapore (Lim Hng Kiang) said last night at a dinner … Continue reading

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An Excellent Analogy

Thirty-six year-old Koo Bon-hee recalled hearing a loud bang, when suddenly the ferry he was on tilted drastically in the water. The Sewol ferry, traveling from Incheon to Jeju Island in South Korea, was starting to sink, and it was … Continue reading

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IRS slams Bitcoin millionaires with new tax rules… Is gold next?

by Simon Black Bitcoin tax rules finally came to the Land of the Free yesterday. And I have to imagine there are some not-too-happy campers this morning, if they even know about it. Bitcoin taxes were inevitable. I’ve written about … Continue reading

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Presenting the #1 financial haven for dictators and criminals

by Simon Black Pop quiz: When really nasty criminals and dictators want to hide their illicit gains, which country do they go to? I’ll make this easy for you– multiple choice: a) Switzerland b) British Virgin Islands c) Hong Kong … Continue reading

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IRA confiscation: it’s happening

by Simon Black I have an old acquaintance named Sam who has a hell of a deal for you. Sam is actually a pretty famous guy with a big reputation. Unfortunately he has been a bit down and out on … Continue reading

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Simon Black: This is what armed revolution looks like

It’s almost exactly like that scene from V for Vendetta. You know– the part in the end where swarms of people go up against the police with their sticks and Guy Fawkes masks… That’s what’s happening in Ukraine right now. … Continue reading

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Four key lessons from 2013

1) Politicians believe there are no consequences for destroying our liberty… Stimulus and response. That’s the easiest way of summing this up. When politicians steal, and there are no consequences, they’re going to keep stealing. Cyprus proved this point handily. … Continue reading

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The IMF wants you to pay 71% income tax

by Simon Black The IMF just dropped another bombshell. After it recently suggested a “one-off capital levy” – a one-time tax on private wealth as an exceptional measure to restore debt sustainability across insolvent countries – it has now called … Continue reading

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Bruce Lee and the Stock Market

by Simon Black This morning I woke up bright and early to participate via the Internet in a live auction that was being held halfway across the world. The Hong Kong branch of Spink & Son, a British firm originally … Continue reading

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Why your savings account WILL lose money

November 26, 2013 Santiago, Chile Simon Black On the flight down to Chile the other day from the US, I opened up a local Texas newspaper to an article entitled something like: “Getting the most out of your savings account”. … Continue reading

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Simon Black: The Amazing Disappearance of GOLD from the American Psyche

In George Orwell’s seminal work 1984, there’s a really great scene early in the book between Winston (the main character) and Syme, a low-level functionary at the Ministry of Truth. Syme is working on the 11th Edition of the Newspeak Dictionary, and … Continue reading

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What Ben Bernanke Said at Dinner Last Night

November 20, 2013 Washington DC Last night I attended a private function put on by the National Economists Club where the guest of honor was none other than Ben Bernanke. You can read his full speech to the attendees here. Meanwhile, I’m still … Continue reading

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We Are Just Serfs

November 9, 2013 Singapore In 73 BC, the Thracian gladiator Spartacus led one of the biggest slave revolts in the history of the world in what became known as the Third Servile War. By most accounts, there were over 100,000 … Continue reading

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