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21st century chronicler of the Permanent Portfolio. Free markets.

Montreal
Joined November 2018
Photo by Permanent Portfolio (@PermPort)Photo by Permanent Portfolio (@PermPort)Photo by Permanent Portfolio (@PermPort)Photo by Permanent Portfolio (@PermPort)
Permanent Portfolio retweeted
No mandatory break—just double-checking the historical record. The set of countries that dramatically grew by heavily raising taxes and regulation remains empty. Growth tends to follow the opposite path.
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The most stunningly successful thing about the American experiment is that in the late 1700s, the thirteen colonies were hardly valuable at all. They had no known great natural resources, they were far from a jewel in the crown of the British Empire. The British were far more desperate to keep the profitable sugar islands than the thirteen colonies. That’s why upon the entry of the French to the war, peace was sought soon - and the priority was to keep the profitable Caribbean and control of the seas. In seeking peace, Britain was thinking with its treasury not its heart. War is expensive. And while losing the thirteen colonies was embarrassing, it was not the kind of hit to the British economy that losing other colonies would have represented. In stark contrast to the relatively barren North America, the Spanish Empire in South America had vast obvious natural resources. Spain extracted gold. But it never built anything to last. The United States of America proved what far too many countries are yet to understand today. The wealth of a nation is not in its natural resources. It is not fixed. The world is not zero sum. America became the wealthiest country on the face of the planet, not thanks to its soil - but thanks to the men who stood on it. The institutions they built - the English liberties they codified - created the basis for a stable, prosperous, market economy. Freedom under law. It’s thanks to the systems of government the founders built that the United States became what it is today. Were any other group of people - with any other ideas about how a society should be structured - to settle that land, America would be like any other country today. But it isn’t. And that’s thanks to the enlightened ideas of its founding. Happy Treason Day, cousins. 🇬🇧🇺🇸
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Life is very short... The murder of Charlie Kirk comes at a time when we're studying We Can Work It Out in our lessons, and I'll probably listen to the song about 30 times in the next week or so. It's an especially poignant lyric with John having his life cut short, and with this week's events it's all the more gut-wrenching to listen to. Those two little children will never have their father's arms to run to, never have his words to guide them through life. Just heartbreaking. ... and there's no time for fussing and fighting, my friend
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Permanent Portfolio retweeted
The Canadian #PermanentPortfolio finishes 2020 up 11.88%. Beats stocks (+5.61%) and a 60/40 portfolio (up 6.67% using XIC & VAB) XIC +5.61% #stocks ZFL +12.65% #bonds MNT +26.14% #gold VSG +3.12% #cash (With VSG closed in Aug., I’ll use VSB as the cash ETF in 2021.)
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Permanent Portfolio retweeted
🚨PLEASE RETWEET, PLEASE HELP 🚨 I wrote a book criticizing Justin Trudeau. Now police are investigating me. I was interrogated for an hour by two federal agents. BUT I SECRETLY RECORDED MY INTERROGATION ON VIDEO: youtube.com/watch?v=V__GmSk2… .
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Permanent Portfolio retweeted
Invent capitalism
This Post is from an account that no longer exists. Learn more
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Permanent Portfolio retweeted
If the markets closed on Dec 31st for the next decade, would you be comfortable with your portfolio? and approach? If not, something is probably amiss! It's not too late to make changes by year end...
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Permanent Portfolio retweeted
In 2010, five US stock fund managers were nominated for fund manager of the decade. Know how many outperformed this decade? Zero. Average underperformance of the five nominees was 5 percentage points per year. And the winner? 8 percentage points underperformance per year.
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Permanent Portfolio retweeted
I'm sick of all these "passive investing is a bubble" takes So I wrote a ridiculously long piece debunking every myth out there on the topic to put this silly argument to bed once and for all awealthofcommonsense.com/201…
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I fail to see the point of this. Primarily it’s her deal that needs to die. Once signed its irrevocable by any successor. It’s like saying to a criminal that it’s OK to commit the crime providing you hand yourself in afterwards. Madness.
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Permanent Portfolio retweeted
Remarkable numbers now support WTO Brexit
Opinium finds British public shift toward "no deal" What should happen next if Commons unable to agree on deal? Leave with no deal 46% (+3) Delay Article 50 to hold public vote 39% (-3) Labour leavers swing behind no-deal; 68% now back no deal, up from 48% last week
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Permanent Portfolio retweeted
Scientists have discovered a shape that blocks all sound–even your co-workers fastcompany.com/90316833/sci…
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Reports tonight out of #Venezuela are like a horror movie. Total darkness. No electricity,running water or cell phone coverage. Food spoiling. Patients dying in hospitals. Looting of homes & businesses. Armed #MaduroRegime gangs terrorizing people. Please #PrayForVenezuela
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Permanent Portfolio retweeted
This is right. People generally assume acid rain was dealt with. Actually science eventually showed it to be a hugely exaggerated scare especially for forests.
Worth recalling that the "scientific community" got acid rain wrong and a tiny minority right. Infallibility is a property of the Pope, not scientists.
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Permanent Portfolio retweeted
Canada’s economy practically grinds to a halt — and nobody saw it coming business.financialpost.com/n…
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Permanent Portfolio retweeted
Egg consumption is up. Shows power of Dietary Guidelines which In 2015, dropped caps on cholesterol after 35 y. of wrongly telling people to avoid eggs (+shellfish). Harmful mistake bc those foods full of essential nutrients. #reformtheDGA @4dietaryreform washingtonpost.com/business/…
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Permanent Portfolio retweeted
Your avocado toast is getting more expensive because fat is in fashion on.wsj.com/2TpE4Ci
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Permanent Portfolio retweeted
1. For my American and British friends: Canada's Justin Trudeau is done. He might try to fight on; I personally think he's too damaged. He's irreparably damaged. Here's what happened in a few short tweets.
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