Kennon-Green & Co. Global Asset Management, Wealth Management, and Investment Advisory

HSBC

HSBC, One of the World’s Largest Banks, Makes Customers Provide Proof They Need Money Before Processing Withdrawal Requests

Despite the largest position in my personal household portfolio being Wells Fargo & Company, bought when it was practically being given away for free during the stock market crash, I’m at the point where I think the major global banks should be smashed and, here in the United States, at least, restrictions on inter-state banking put back in place so there is wide geographic diversity in deposit institutions to spur competition and prevent the probability of a banking crisis in the event of another Great Depression.

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United States Treasury Department Debt Ceiling

The Debt Ceiling 101 – An Explanation for the Average Person

It’s time we talk about the debt ceiling and what a debt ceiling default would mean for the United States.  I’ve avoided this conversation because I was hopeful we would never end up here, again, after the last round of stupidity.  I’ve also avoided discussing the on-going shutdown of the Federal Government, despite some strong…

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Russia Oppression Laws Freedom

Russia Is Sliding Into a Self-Reinforcing Cycle of Cultural Repression That Will Destroy the Nation

Those of you who study history will know that there can now be little doubt that the future of Russia is in serious jeopardy.  Personally, short of an unexpected event or political uprising, I don’t see how they escape from the cycle that has begun, which has been accelerating if you’ve been paying attention to the country over the past twenty four months.  The Russian people have been willingly submitting themselves to slavery, passing laws that restrict freedom of speech, freedom of conscious, freedom of religion, freedom of personal association, and much more.  It’s as if they simply cannot escape a culture of authoritarian rule, always sliding back toward despotism.

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C. Everett Koop

One of the Great Pragmatists of the 20th Century Has Died: C. Everett Koop Passes Away at 96

C. Everett Koop, former Surgeon General of the United States, has passed away.  He was 96 years old.  The devout, conservative, evangelical Christian born the grandchild of German immigrants was one of the great pragmatist of the past few generations, proving that a fact-based, rational approach to life can improve standard of living, reduce disease,…

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Kennon-Green & Co. Global Asset Management, Wealth Management, and Investment Advisory