Geopolitics

Rules of engagement

A rainy winter. Two new wars. And a world that seems to be slipping back toward chaos. Bill connects the dots behind the headlines — and explains why investors may want to keep an umbrella handy.

Bombs, oil, AI…and your portfolio

The market thinks this won’t last. We’re not so sure.

The Doctor Will See You Now

We see machines that can do almost everything, physically and mentally, that a human can do. But with none of the sick days or bad attitudes that characterize our race.

Paper Privilege

The US reneged on its promise to exchange dollars for gold in August of 1971. Dollars were still the world’s reserve currency, but nobody had any guarantee that they would remain limited and valuable.

Japan is back. For better or worse?

Japan’s iron lady now has a supermajority. She plans to amend its constitution. But it’s far-away investors who could pay the price for her ambitions.

The Fix is In

A US Fed chair nomination might sound like inside baseball. It isn’t. With global liquidity already under strain and Japan’s bond market cracking, a shift at the Fed could trigger sudden repricing across sterling assets. This essay explains why Kevin Warsh’s appointment matters — and what it signals for the next phase of global markets.

Happy Vassals

Markets don’t move on headlines. They move on confidence, capital flows, and trust. As global alliances shift and large investors quietly rethink where their money feels safest, UK investors may be more exposed than they realise — particularly through currency risk and global portfolio concentration.

Murphy's Lawlessness

A conservative is someone who distrusts government power; he believes government should always be subordinate to the writ of Moses and the Grand Convention of 1787.

Trump’s Own Liz Truss Moment Is Here

Government bond markets are on life support. The Trump–Powell clash risks pulling the plug — and UK investors need to understand what comes next.

On to Moscow!

That is the magic of History...leaders are delusional when they need to be, and then, crowds fall into line behind the goofiest, most destructive programs. ‘On to Moscow,’ yell the soldiers...

The Underlying Malady

Almost all instances of imperial decline are accompanied by monetary decline, manifesting itself as inflation, corruption, and/or bankruptcy. But the real process is profound and mostly invisible

What does the rise of the “far-right” mean for financial markets?

The “far-right” now leads in an extraordinary share of the world’s major economies. Chile is only the latest example. But what does this mean for investors?

Chicken Feed

Tariffs feel powerful. Their costs are invisible — until they aren’t.

“Made in China” is the opiate of the masses

Trump wants to divorce China. But China just amended its divorce law. Assets are no longer split 50/50. Instead, they are divided based on who contributed financially.

The “Old Money” Secret to Wealth

What can a 900-year-old Roman dynasty teach today’s investors about protecting wealth in an age of inflation, digital currencies and financial instability? As Jim Rickards explains, the answer lies in a timeless allocation used by “old money” for centuries — and a surprising fourth asset now joining the list.

Prepare for President Trump’s Mississippi Bubble

You’ve probably heard of the 18th century South Sea Bubble. But did you know it was a scheme designed to cut the national debt? One that’s about to repeat…

Strategic Investment

We come to what seems like a water-tight proposition: the more the feds get involved in the process of creating wealth, the less wealth is created.

“American Birthright”: Phase II Update

Trump’s plan to open America’s federal lands for mining is more than politics — it’s a once-in-a-generation resource play. From lithium to gold, a new boom may be brewing. And for savvy UK investors, this could be the early-stage window to watch.

Can Trump “court pack” the Fed in time to save the stock market?

Trump’s three appointees to the Supreme Court saved him from the Democrat’s lawfare. But who will save him from Chairman Powell’s revenge before the mid-terms?