Most Liberty Blitzkrieg readers will be familiar with the common fee structure for hedge funds known as “2 and 20.” What this simply refers to is the fact that a manager will take as a fee 2% of the assets under management, as well as 20% of the profits (above a high-water mark). While many people would balk at giving up such a high percent of profits, when the industry first got going several decades ago the managers were so few and the returns so huge, that high net worth individuals were happy to pay up for alpha.
Fast forward several decades, and the hedge fund industry is extremely crowded and competitive. What’s worse, in such a central bank manipulated market, it has become extraordinarily difficult for hedge funds to outperform and generate the desired “alpha.” Nevertheless, people that go into this business generally go into it for one reason. To make a shit-ton of cash.
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There are many systemic reasons why America continues to circle the toilet bowl toward a full fledged oligarchic Banana Republic. I’ve spent the last couple of years highlighting many of them here on these pages. Nevertheless, all of them pale in comparison with the disappearance of the rule of law. When the rule of law ceases to apply to the rich and powerful, a society ends up suffocating within a culture of theft, an endless stream of cronyism and criminality.
“I vividly recall how, in the wake of Osama bin Laden’s killing, Obama partisans triumphantly declared that this would finally usher in the winding down of the War on Terror. On one superficial level, that view was understandable: it made sense if one assumes that the U.S. has been waging this war for its stated reasons and that it hopes to vanquish The Enemy and end the war.
Police confiscating Americans’ hard earned cash, as well as a wide variety of other valuables, without an arrest or conviction is a disturbing and growing practice throughput these United States. Since cops get to keep the seized funds and use the money on pretty much anything they want, the practice is becoming endemic in certain parts of the nation. The theft is often referred to simply as civil forfeiture, or civil asset forfeiture. Incredibly, under civil forfeiture laws your property is “guilty until you prove it innocent.”
Last May, I covered the work of Defense Distributed with regard to its building of tools for individuals to 3D-print their own firearms in the post. 
A very significant and dangerous trend has been accelerating in recent weeks. This trend consists of leaders throughout the globe coming out and blatantly calling for censorship and restrictions on free speech.
The most significant challenge of our times relates to the ongoing theft of society’s wealth across the board by a very small group of people known as “oligarchs,” the “super rich,” the “overclass,” etc. Whatever you want to call them, this group is hellbent on using political cronyism in faux democracies across the global to aggregate all the world’s wealth and power, while concurrently implementing an Orwellian surveillance state spy-grid in order to protect their fiefdoms once the plebs finally become restless. This much we know.