Apr 22, 2016
Michael Covel speaks with Simon Black. Simon is an investor,
entrepreneur and the founder of Sovereign Man. He has a travel
perspective that has given him unique insights on freedom, making
money, keeping as much of it as possible (and protecting it from
the government whatever government that may be).
Michael starts off the podcast asking Simon, “I want to know your story. How did you go down this path? How did you start?” Simon’s journey started in the military. He went to West Point. Upon graduation he was commissioned as an Army intelligence officer and stationed in the Middle East around the time Bush was accusing Saddam Hussein of having weapons of mass destruction. As the U.S. was gearing up for war, it became abundantly clear that it was all a lie, and Simon realized that if the president would be willing to go to war over something that was so false, then what else would the government be willing to do?
Simon breaks down the idea of currency. He says that everyone should have physical cash money. There are different forms of money or “legal tender.” One form of currency would be U.S. government bonds which are used by large entities. Another type of money is banking accounts. That is what most of us use. 90% of the money supply is in banking accounts, otherwise known as in digital form. Most people have their money in a computer stored in a windowless building somewhere. Physical cash is another form of money. It is the money you see in your had. Those are three very different forms of money, however they all happen to trade at a 1-1-1 exchange rate. That could change at any point. Simon urges that everyone should have physical money at their disposal in the case that banks shut down our ability to withdraw.
Michael and Simon talk travel next. Modern transport technology has made travel simple and given people a unique opportunity to see different places and cultures. Simon makes the point that freedom is a state of mind, it isn’t necessarily attached to travel. Every country has a unique vantage point such as great health care or education. Simon talks about health care in particular and the cost differences in the U.S compared to certain places in Asia.
The thrust of today’s podcast is to point out that everyone should be responsible for his or her own security and safety. One should be sovereign over his or her own life, experience freedom and live independently. Challenge the status quo. Think outside the box, whether that be choosing your healthcare, profession, or where you want to live. Think differently.
In this episode of Trend Following Radio: