“We are expecting a new wave and we’re prepared for it.”
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“We are expecting a new wave and we’re prepared for it.”

Interview with Robert Hartmann, Co-Owner ProAurum Over the last couple of months, we’ve witnessed unprecedented changes in the global economy, in the markets and in our societies. The corona crisis and the governmental measures that were introduced had a dramatic and direct effect on all of us, as investors and…

Hard talk with Václav Klaus: “The people should say NO to all of it.”
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Hard talk with Václav Klaus: “The people should say NO to all of it.”

As we get deeper into this crisis and we get used to our “new normal”, it’s easy to focus on the daily corona-horror stories in the media or the latest shocking unemployment numbers, and lose track of the bigger picture and of what is really, fundamentally important. Even as the…

“A crisis must never be misused to extend state power”
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“A crisis must never be misused to extend state power”

Interview with H.S.H. Prince Michael of Liechtenstein In these times of great uncertainty and widespread fear, it is natural for many citizens to turn to their leaders for guidance and reassurance. However, these much-needed qualities of real leadership have proven to be elusive in many countries around the world. Instead…

Corona crisis: the cost of the response – Part I
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Corona crisis: the cost of the response – Part I

The absolutely unprecedented wave of shutdowns, new restrictions and regulations that the coronavirus epidemic has triggered on a global scale is truly hard to quantify. We’ve simply never seen anything like it before. Never in the history of mankind have countries all over the globe intentionally hit the kill switch…

A crisis is a terrible thing to waste – Part II
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A crisis is a terrible thing to waste – Part II

“Trust the state. Do what they say. They’ve never lied to us before, have they?” – Daniel McAdams, Ron Paul Institute for Peace and Prosperity Central bankers are washing their hands too Looking at the carnage that stock markets have suffered, it’s not surprising to see central banks jumping in…

A crisis is a terrible thing to waste – Part I
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A crisis is a terrible thing to waste – Part I

“You never want a serious crisis to go to waste. And what I mean by that, it’s an opportunity to do things you think you could not do before.” -Rahm Emanuel, Barack Obama’s Chief of Staff from 2009 to 2010. Only a couple of weeks ago, if anyone told you…

Media hysteria: Lessons from Brexit for citizens and for investors
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Media hysteria: Lessons from Brexit for citizens and for investors

The coronavirus epidemic has instilled real terror in the hearts of many investors, triggering a rude awaking to the actual state of the economy and panic unseen since 2008. This fear, that has spread among investors as it has among the general public, has been largely fueled by the coverage…

Modern Monetary Theory is an old Marxist Idea
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Modern Monetary Theory is an old Marxist Idea

There is nothing new under the sun Modern Monetary Theory, or “MMT”, has been getting a lot of attention lately, often celebrated as a revolutionary breakthrough. However, there is absolutely nothing new about it. The very basis of the theory, the idea that governments can finance their expenditures themselves and…