We are a fat nation; over 100 million American adults, or 42% of the population are obese. This number stands to become the majority by 2026 if trends from the 21st century continue.

Most people think the solution for fat loss is simple; if we eat too much and don’t get enough exercise, in order to lose fat we should eat less and move more. Modern nutritional experts view the body like a combustion engine in this regard, defining weight loss as a function of calories consumed and calories burned.

And while this viewpoint is not false, my experience suggests…


If 2020 has taught us anything, it’s that institutions cannot be fully trusted and Western governments can be trusted to spend money they don’t have.

Back in February, the same institutions and officials who today complain about an insubordinate populace were advocating for us minions to do the exact opposite of what they’re advocating for today.

https://twitter.com/surgeon_general/status/1233725785283932160?lang=en

The Surgeon General wasn’t the only flip flopper. The mainstream media spent February making fun of those taking Covid precautions, only to later pivot to fearmongering about the risk of its spread. …


What do a McMansion buying spree, a pandemic, and a cryptocurrency have in common? The mainstream media will have you believe these are all unrelated phenomena and certainly will not connect the dots for you. But I know we can do better.

You see, despite the U.S. unemployment rate reaching levels not seen since the 1950s in February of this year, the economy still had not recovered from the 2008 crash. How do I know? The balance sheet of the Federal Reserve Bank, our nation’s central bank, gives us a major clue:

The balance sheet of the Fed is effectively…


It was the summer of 2011 when I returned to a then quiet and quaint San Francisco. I remember walking across Montgomery Street and feeling a sense of relief when nobody pushed me to get ahead after the light turned. It was halfway around the world and 180 degrees from life in Hong Kong, where I was lucky enough to have spent the previous year expanding my mind, working as an analyst for the Greater Asian Hedge Fund. This wasn’t just any global macro hedge fund. The fund manager bucked obvious trends and was a deeply skeptical, extremely wealthy ex-American…


The pie may be growing, but it’s clearly not growing for everyone. Since the U.S. adopted a pure paper currency system in 1971, employee wages as a percent of total gross domestic product have fallen substantially:

While the share of corporate profits has approximately doubled:


Power structures are a hot topic these days. With all the recent criticism of men and particularly white men in positions of power, it’s easy to get the sense that a particular subsection of society that is identifiable at birth poses an undue threat to our well-being. But is this truly the best way to think about the issue? What about Lord Acton’s adage “Power corrupts; Absolute power corrupts absolutely”? …


A crazy thing happened over winter break. A fintech company that, at Thanksgiving, held the valuation of a regional bank, grew to nearly attain the valuation of Goldman Sachs by New Year’s Day. It took Goldman Sachs nearly 150 years to attain the valuation that Ripple achieved in one month through the opportunistic marketing of their XRP token. Is this sustainable? Absolutely not in the medium term. But what it means is that every fintech company looking for an exit will look to offer their version of XRP and billions more in capital will flood into San Francisco and other…

Alex Feinberg

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