Fitzroy McLean on Freedom, International Investing and How to Improve 'the Space Between One's Ears'
The Daily Bell is pleased to present an exclusive interview with Fitzroy McLean.
Introduction: Fitzroy McLean is a West Point graduate and former Army Ranger and Special Operations Officer who served throughout Europe, Africa, and the Middle East – until he was struck with an epiphany: he didn't believe in government at all, at least not the intrusive form of government that is commonplace throughout the western world. Fitz went on to earn a graduate degree from Oxford, then headed off for the emerging markets of Africa, Eastern Europe, South America, and the Middle East, first as an entrepreneur and later as a fund manager. His emerging-market fund earned over 30% annually before being absorbed by one of the world's largest sovereign wealth funds. Fitz, proud of his political incorrectness, is a self-described Libertarian with anarchist and hedonist tendencies. He's not an angry expat, "America Basher," or any kind of basher at all. He still loves the idea of America, if not its government, and firmly believes in the ideas advanced by the US founding fathers. While scouring the globe for profitable investments, he is always in search of a small, isolated place where he can found Fitzmcleanastan. Without Borders readers will be first to know when passports are available. Editor's note: Fitzroy McLean is a pseudonym; it is not his photo.
Daily Bell: Thank you for taking time to be with us today.
Fitzroy McLean: It is my pleasure. I always enjoy the Daily Bell for its unique insight and analysis.
Daily Bell: What is Without Borders? A newsletter? A web site? An approach to life?
Fitzroy McLean: It is definitely not a website. I'm a complete techno Luddite and more than a few people tease me about how underutilized pr sub optimal www.withoutborders.com is. Without Borders is an ethos and idea that centers on freedom and self-reliance. Without Borders, the publication, is a newsletter that is little more than a running account of my travels and what our roving band of intrepid capitalists are doing with our time and money. As a going concern, Without Borders is a mediocre enterprise but as a community of like-minded freedom seeking individuals it has been a tremendous success. We have subscribers in twenty-three countries and the one unifying characteristic amongst them all is the desire to live an extraordinary life unbound by convention or the artificial constraints of geography. Our group includes retirees with multi million dollar self managed investment portfolios as well as members of the "have laptop will travel" crowd who work their way around the globe as consultants or free lance programmers, writers or any number of trades. Everyone is welcome. The fact that our portfolio has returned more than 40% annually since inception is a by-product of our outlook on life and the world in general and the markets in particular. We are a select but growing group of people and I enjoy meeting with them and sharing ideas whenever our paths cross.
Daily Bell: Give us some background. Where did you grow up?
Fitzroy McLean: I grew up in New England. Both my parents were Ivy League educators with a very traditional elitist East Coast view of the world. They were of the generation and class that thought that success was defined by your formal education and your job security – hence an Ivy League education and tenure was the height of conforming to the ideal. I come form a long line of socialists. They would call themselves ¨liberals¨ but when you scratch the surface you get collectivists and socialists of varying degrees. As a Libertarian (although I didn't know the term then) I was always the intellectual black sheep. I must be one of the only people to have gone to West Point as an act of societal rebellion. I didn't even tell them I applied. My entire family thought I was going to Dartmouth in the fall. I applied to West Point in secret – even going through the Congressional appointment process without telling anyone and forging my parents' signature on the application forms. Then six days after High School graduation, I sent them a post card from West Point after I had already been sworn in.
Daily Bell: Tell us about your army experience?
Fitzroy McLean: Although I was on academic probation or conduct probation or both for seven of the eight semesters at West Point, I loved the Army. I didn't do well with the "leadership by shiny shoes" crowd but I loved the leadership challenges and physical challenges. I spent most of my career deployed outside of the US. I had a variety of positions in Airborne and Ranger Units as well as other Special Operations positions, which were as close to being a pro athlete as anyone with my genetics could manage. I also served as an Aide de Camp to a commanding general of US forces in Europe, which was a spectacular experience for two reasons. First my boss was one of the most brilliant and honorable men imaginable and he taught me a tremendous amount. He taught me to question everything but to do it in a respectful and thoughtful manner. Secondly, I learned that after Captain an Army Officer's life is spent wearing plastic shoes and polyester pants for at least ten years until you are eligible to do the fun stuff again. As a result I can say I loved every day I spent in uniform but one more day would have been one day too many.
Daily Bell: You were a paratrooper? What was that like? What did you learn?
Fitzroy McLean: The Army is a great way for a young person to learn about themselves and human nature. Despite what many people think, the armed forces are a microcosm of society. You have all races and socio economic backgrounds. There are a proportionate number of MENSA members as there are high school dropouts. You have WASPY Yale graduates serving next to inner city black kids who grew up on the streets and had to struggle to pass the GED. What you learn most in the army is that there are no points for your background in combat. All that matters is how you handle today. Are you a stand up guy? Will you do what you say you will do? There are plenty of solar powered heroes who fall apart after two days without sleep and cold rain running down the crack of their ass. More than anything else, the army taught me to value people for their abilities and attitude rather than their background or their formal qualifications. Subsequently that same lesson helped me understand that individual traits transcend nationality and culture. In fact nationality is as arbitrary as skin color, hair color or eye color. It is completely irrelevant.
Daily Bell: When did you leave the army and why?
Fitzroy McLean: Because I was recruited into the paramilitary division of the Ciaos clandestine service. It seemed like a lot of fun. It was a lot of fun. What young man with an excess of testosterone wouldn't want to run around the globe in alias breaking laws with the sanction of his government. It wasn't until much later I started to question the morality and nobility of the work. As a product of the Cold War era, I believed I was a freedom fighter. My life's mission was to liberate the oppressed. It actually said so in Latin on my unit crest. Images of young boys being shot as they tried to cross "neimandsland" in Berlin motivated me. My righteousness was unwavering because I believed my government stood for the individual above the collective. We were fighting to bring down governments that restricted the freedoms of their people. It only started to dawn on me later that those days were over. Somewhere along the line we gave up the idea of freedom in lieu of democracy and democracy is mob rule by the easily persuaded. After the Berlin Wall fell, America stepped up its long march towards being just another nation state. America was an idea and sadly I feel that America is no more. Now there is just The United States which is sadly just another government monstrosity plodding towards irrelevance. History shows that the death rattle of a nation state can be very painful for the citizenry. It pains me that there is no place left for those who truly want to be free.
Daily Bell: What did you do during your further career before starting your current venture?
Fitzroy McLean: If we are being accurate and honest then the answer is I failed often and quickly at several ventures and then I succeeded at a couple of others. It was one home run logistics business in Africa that changed my financial life dramatically. I sold a business to a public company and put enough in the bank to serve as a comfortable grubstake for anything I wanted to do in the future. I also went to graduate school at Oxford and although I didn't learn much of practical use it did open some doors and put me in touch with some great people whom I still work with on a regular basis. An MBA taught me that formal business education was a total waste of time and was designed to perpetuate conventional mediocrity. It also heightened my distain for conventional wisdom. I was fortunate to go there once I was already financially independent so I could pick fights with the faculty. However, Oxford was helpful because their system is designed to force students to teach themselves as opposed to the US method, which is more to be taught and then regurgitate what someone else thinks. I am much better for the experience because of the rolodex and the attitude if not the subject matter expertise.
Daily Bell: How did you get interested in investing?
Fitzroy McLean: After my time as an entrepreneur, a banker friend convinced me to go into Private Equity. He was forming a private equity fund focused on emerging markets and although he and the others were brilliant financial minds they hadn't spent that much time in places without five star hotels. I joined the team as the operational and political risk expert but soon learned the financial part of the business. What we all learned is that conventional financial wisdom is almost always wrong. When we started the fund it was just after the Asian crisis and Mexico's bailout. Everyone thought we were nuts. We had to guarantee investors money with our vital organs to get them to invest. When we sold out, Goldman Sacs and the Carlyle Group were paying over the odds for opaque state run banks in China. We invested in and helped grow some great companies but our success was at least 50% timing the opinion cycle and riding that wave.
Daily Bell: Why do you believe that international investing is a great opportunity?
Fitzroy McLean: I am geographically agnostic. At the moment the best investment opportunities are outside of the US and Western Europe because those countries are fiscally and demographically doomed. I like to place capital in parts of the world where the cost of capital is high because we buy more for less. We focus on companies that operate in parts of the world where the demographics and regulations are favorable and where we can buy things cheaply. At the moment not much is cheap anywhere but you can still find bargains. As we tell our readers, patience is a crucial part of investing and speculating. Sometimes the best thing to do is nothing. Our preferred public market investments are companies working in the developing world that are listed on a transparent and liquid exchange. There are lots of great little companies operating in weird and wonderful parts of the world that are listed in New York, Toronto, London and Hong Kong. You can buy them from the comfort of your couch and get exposure to places most people would never venture for themselves. For instance last summer we recommended a company called Perseus Mining that is listed in Toronto but operates in West Africa. The shares have doubled in less than six months and not one mainstream analyst covers the stock even though anyone with an online brokerage account can buy and sell the shares. We still find lots of these types of stories in many different sectors. You just need to look where nobody else is looking.
Daily Bell: You believe in South American investments? You live there now.
Fitzroy McLean: I live in Punta del Este Uruguay because it offers the best quality of life for our family. I play polo and the entire family loves horses. We live on a farm just a few minutes away from South America's premier beach resort. Our kids speak three languages fluently and are working on their fourth. It is a wonderful place to live far away from the maddening financial noise of Wall Street or The City of London. I believe in some South American investments. We have made a lot of money in resource companies operating in South America. We made a lot of money betting on the Brazilian consumer but now we are net short Brazil because it is way overpriced and the new government will almost certainly hurt the economy and investors.
Daily Bell: What are the best investment opportunities in South America?
Fitzroy McLean: Peru is exciting. Colombia is also attractive. If they go through with an announced plan to merge the Colombian, Peruvian and Chilean stock exchanges that will be very exciting. Bolivia is a nightmare as is Venezuela but someday they will present extraordinary opportunities. We really like certain Paraguayan two-year corporate bonds that yield 12% and are a thousand times safer than Treasuries. By far our favorite investment is farmland in Uruguay and Paraguay. We like these two countries because we believe that food prices will skyrocket as the dollar and euro lose purchasing power. Many governments will then introduce price and export controls thereby driving prices higher. Uruguay and Paraguay both produce foodstuffs that are several hundred times what their populace could consume and they will be free to price their exports in whatever currency is most favorable to the producers. We have just introduced our readers to a company that is soon to go public which will own and operate agricultural and cattle lands in these countries. Some are even able to invest at the pre IPO price.
Daily Bell: Where else have you traveled?
Fitzroy McLean: Wow. Tough question. At last count I have been to 140 some odd nations if you count Taiwan and Hong Kong as separate countries and Kosovo and Montenegro although they were not sovereign when I was there. The number doesn't matter much I just like to experience different cultures.
Daily Bell: What other countries are promising?
Fitzroy McLean: Wow an even tougher question. If you want to pack your bags and move somewhere to make your fortune then Burma (ok Myanmar but Myanmar Joe just sounds silly), Zimbabwe and Angola would top my list. These three countries will produce many billionaires over the next decades as they bounce off of an absolute bottom. If you want a place you can invest passively from afar then Ghana is a good place to start. Indonesia has gotten too pricey of late but holds promise when the next correction comes. I think Brazil and Argentina are both heading for another crisis and then will present great opportunities. One place I am very bullish on right now is Mongolia and I am investing in a company soon to be listed in Canada that will be the best way for foreigners to play that story.
Daily Bell: What do you think of Russia?
Fitzroy McLean: I wrote a free special report on Russia that can be downloaded here: http://globalspeculations.com/reports/russia-report.html. Russia is the country in the world with the most potential and always will be. I majored in Soviet Studies at West Point. I learned the language and knew where every ethnic group was located and the makeup of every motorized rifle regiment. I knew that satellites disproved the stated wheat harvests near Kiev. I assumed that I would some day jump behind enemy lines and link up with my sexy nuclear physicist and concert violinist contact somewhere near Stalingrad. Together we would stop nuclear Armageddon. Since that didn't come to fruition I have been seeking a way to invest there for over 20 years and I am still seeking. Russia is a disaster and not a friend of capital.
Daily Bell: How about China?
Fitzroy McLean: I am very bullish on China and we have a lot of exposure to China. There will be blips along the way but it is an exciting opportunity. The problem is the Chinese capital markets are like casinos without the cheap drinks and scantily clad waitresses. Our preferred way to play China is through small growing companies that list on western exchanges. If you know what you are doing you can make a fortune buying into Chinese companies when they list on a junior exchange before they move to the Nasdaq, NYSE or LSE. We have done very well indeed by buying into private placements in cement companies and other industrial companies that are not tied to exporting.
Daily Bell: Where does India fit in?
Fitzroy McLean: India is a tough place to invest but the economy is growing rapidly. It is impossible for foreigners to invest directly in their stock market and it is hard to get capital in and out. The key to India is having the right partners. We own Eredene (LSE:ERE), a company that invests in port infrastructure and logistics companies in India. They have partnered with some of the best operators in India and the shares are presently trading at a significant discount to their intrinsic value.
Daily Bell: What about the EU? Is the euro going to collapse?
Fitzroy McLean: The EU is a political entity not an economic zone. Its predecessor, the EC, was a brilliant idea because it only dealt with the movement of people, goods and services. The EU is a bureaucracy run by socially pleasant but economically ignorant technocrats. The EU was doomed from day one and will soon collapse. The Euro will not survive.
Daily Bell: What about the PIGS – what will be their fate?
Fitzroy McLean: I just returned from my PIIGS tour. (Extra I for Italy.) I am still writing it up and will publish it in January but the short answer is that not one of those states should even try to fight default. They all have unsustainable economic and social policies that are completely ingrained in the populace. On this trip I felt I was on a demonstration and protest tour. If it is Wednesday it must be a student riot in Italy. Unlike the social unrest of the 60s and 70s these are not peace protests or demonstrations for equal rights. These are entitlement riots. The participants are indignant that they may not be able to count on the largess of others to subsidize their lifestyle. The entitlement system is so deeply ingrained in the European psyche that many cannot contemplate a life of self-reliance. The system is doomed to destruction and it can't come soon enough. We are already scouting investment opportunities for after the collapse. It will be fun to live in a castle. Jean Claude Trichet would make an outstanding valet.
Daily Bell: Is austerity going to lead to civil unrest and a toppling of governments?
Fitzroy McLean: Actually it may not be the case because I think politically adroit cowards run all democratic governments. Therefore, they will cave to popular opinion and try to paper over their problems long before the austerity measures work. The election cycles are too short to allow the austerity to reverse fifty years of stupidity. What will likely happen is that there will be an economic collapse, which will usher in new governments. The real concern should be for what comes next. History favors a strongman to ´fix´ these problems and that almost never ends well if you value your freedom. Did I mention I live in Uruguay? I prefer to watch my riots from afar.
Daily Bell: Why is the West imploding? Didn't the elites see what was going to happen?
Fitzroy McLean: Ironically, I don't think the so-called elites have any power at all. In democracies, the dim-witted masses have the power and an opportunistic succession of temporary elites use that to their benefit for a while. Thankfully, the masses have fickle tastes and the elites keep changing. I view the west as a sad social sloth that is plodding along in search of immediate food and shelter. The world is now run by a passing parade of powerless politicians who pander to the easily persuaded ignorant masses. If you have ever watched the first episode of each season of American Idol or X Factor, you understand who votes.
Now if by elite you mean the intelligentsia, that is a different question. Those so-called elites in the opinion maker circles are so heavily influenced by academic rhetoric and hypothesis held out as fact that they have no exposure to the real world. They have lived their entire life confusing correlation with causality that they are several standard deviations from understanding the way the world works. Those that think they know have been operating under a false theory with so many Greek letters substituting volatility for risk that they haven't any idea how to cope. The others are just group think parrots that perpetuate the fallacy because to do anything else would risk their position in their social and professional society. Take a look at the recent list of Nobel Piece Prize winners and ask yourself if you would let any of them watch your dog for the weekend.
Daily Bell: We think we will see a new currency emerging in the wake of a global meltdown. Agree?
Fitzroy McLean: Absolutely. I'm not sure what it will look like but eventually it will have to be tied to precious metals or a basket of commodities. I suspect we will see a series of forcibly enforced failed currencies before we get to that stage.
Daily Bell: We think the current monetary system is finished and that something else must inevitably take its place. Agree?
Fitzroy McLean: Absolutely. What is amazing is how long a failed system can continue after the evidence of its failure is intuitively obvious to the casual observer.
Daily Bell: What do you think about commodity-backed money?
Fitzroy McLean: It is the only workable solution but it will be a while.
Daily Bell: Are you a free-market person? Is that a big part of your investment criteria?
Fitzroy McLean: Freedom is at the heart of everything I do. I am a freedom zealot. I would rather be destitute and free than comfortable and constrained. It is quite possibly a genetic defect. Sometimes I wish I could think otherwise. Life would be simpler and I would not drive my friends and family crazy with my rants about how the US government ignored thousands of years of common law and contract law in the way they handled the Chrysler bankruptcy and why it was a moral outrage. Freedom is sacrosanct.
However, I have long given up the idea that there are any free markets out there today. We just have a choice between generally freeish and completely controlled. Let me correct that. The only free market is the black market and that is the most legitimate market in existence today. In the very near future the only truly admirable and moral profession will be a smuggler. There will be genuine heroes that ply that trade moving goods and people in service of humanity, although it will be illegal. This goes to the death rattle of the nation state, which will almost certainly be violent and oppressive. The US and Europe will have an underground railway and covert information highway. But that is a topic for another day.
When it comes to investing, I decide based on the prevailing political and market conditions and reserve the right to change my mind when the political winds change. We coined the term Politiconomy two years ago because governments have continually rewritten the laws of economics or rather attempted to do so. While these attempts will always fail eventually, it can cause severe short-term pain for those who allocated capital based on the old rules or the ¨right way to do things." We must remain flexible.
Daily Bell: Is what is happening in the world today somehow planned to build a new world order?
Fitzroy McLean: Not at all. This situation is where the laws of unintended consequences meet the laws of large numbers. This doesn't mean there are not people looking for a NWO but if working for the CIA and other clandestine outfits taught me anything it is that no group comprised of type A personalities can keep a secret. What we have are skilled opportunists maneuvering to maximize their benefit from a system in flux. You don't have to believe in an organized conspiracy to believe that there will be a collapse. My experience with so-called elites is that they couldn't organize anything more difficult than a scotch and soda without the help of a professional party planner. They could never pull the strings necessary to organize this mess. See American Idol for a more likely cause of our woes.
Daily Bell: Is there a small monetary elite that is maneuvering behind the scenes to create a more global governance?
Fitzroy McLean: I doubt it very much.
Daily Bell: What are the best investments? Gold? Silver?
Fitzroy McLean: Precious metals, farmland, and select stocks and bonds for the time being are very good investments. The best investment by far is improving the space between ones own ears. Money spent on increasing your self-reliance and your analytical capabilities are the best use of funds today. So many of the so-called educated class are mere sheeple and they will not be able to cope with what is in store for them if it gets ugly. I wonder how that sociology degree will help when the home invasions start. I hope I am wrong but I don't think I am.
Daily Bell: The West turning increasingly authoritarian? Where should people go?
Fitzroy McLean: That is a personal decision based on cultural affinity and ones own skill set. Uruguay is a very European place where my family and I can blend in comfortably. If you went to a restaurant where we were dining you would not be able to pick us out as foreigners unless you heard my heavily accented Spanish. Small countries with limited resources are the best because very few other nations care about them. Just don't be the guy who escaped war torn Europe for his own tropical island paradise of Guadalcanal. If you are an American don't think an apartment in Paris will be much of a refuge.
Daily Bell: What books and articles have you participated in that people should read?
Fitzroy McLean: Without Borders and Global Speculations are good places to start.
Daily Bell: Any other resources you want to point out to people interested in international travel and investing?
Fitzroy McLean: There are many good places to start. Most of what I read is long out of print. Jim Rogers' books are great. Doug Casey's books are by far the best out there but they are hard to find. You can find them on Amazon from time to time. Crisis Investing For The Rest Of The 90s is my favorite and The International Man, although dated, is still a classic. Rory Stewart wrote a great book entitled The Places In Between which is great but offers no investment insight. Simon Blacks blog The Sovereign Man is definitely worth reading as is Peter McFarlanes' Q Wealth Report. I love the books written by the gentlemen merchant adventures of long ago. Sir Richard Burton and the original Fitzroy MacLean are essential reading. The novels Tai Pan and Noble House are instructive. I could go on for days....
Daily Bell: Any last thoughts? Anything you want to emphasize that we have not covered?
Fitzroy McLean: Not now but if I think of anything maybe we can do this again.
Daily Bell: Thank you for your time.
Fitzroy McLean: It's been a pleasure.
Here's a provocative statement: "In the very near future the only truly admirable and moral profession will be a smuggler. There will be genuine heroes that ply that trade moving goods and people in service of humanity, although it will be illegal. This goes to the death rattle of the nation state, which will almost certainly be violent and oppressive. The US and Europe will have an underground railway and covert information highway. But that is a topic for another day."
This is a great statement in a generally eloquent interview. Fitzroy McLean speaks with the passion of the converted and has had the added pleasure of making a living while following his convictions. His statement (above) goes to the heart of the argument that we report on here at the Daily Bell. The power elite we postulate is constantly engaged in acts that negate the Invisible Hand of marketplace competition. Over time, stresses and strains build up and governmental and monetary policies depress civil society until, inevitably, there is an explosion of some kind.
What Fitzroy McLean is speculating here is that one way such a blow-up manifests itself is in an explosion of what the state considers "crime." Anyone who has lived in the West – either Europe or America – is well aware of how many more things are against the law now than even several decades ago. What is illegal spans the spectrum from ludicrous to dangerous. Ludicrously, the EU bans the sale of eggs by the dozen. Dangerously, the US FDA encourages vaccines that may be deadly while banning numerous cancer treatments that may be life-saving.
Over time, these laws pile up, ludicrous, dangerous and simply paralyzing to civil society. A tipping point is gradually reached where "normal" citizens begin to realize that even day-to-day activities are in some sense seen as lawless by the central government. By this point, most citizens are involved in some sort of civil disobedience simply to survive. And this is the tipping point, then, when people realize that their own societies are not livable within the parameters that their own officials are setting forth.
We are evidently and obviously not there yet. But it seems we are good deal closer (in the West anyway) than we were even a decade ago. And, yes, when outlaws and smugglers are seen as the only admirable men, we will have arrived at a place that it is both hopeless and hopeful at the same time. In this sense, Fitzroy McLean has proposed a social and civil yardstick, and we believe (even if he did not mean it entirely seriously) that it is a fairly profound one. Of course, there is much else in this interview that is food for thought, and we urge a serious reading of it. We certainly found it interesting and the fruit of a fertile mind.
Posted by Sebaneau on 01/16/11 02:08 PM
Of course, trenchant judgments cost nothing to those who write anonymously. But this makes a lot of sense.
Posted by Gary on 12/31/10 11:23 PM
For those that think Fitz fails some practical entrpreneurial test of capitalism, I suggest you gather facts before airing criticism.
I had never heard of him until this article, and have since subscribed to his newsletter. While he does offer investment advice, there are practical entrepreneurial suggestions for every locale I have read a profile on: Phillipines, Peru, Urugauy etc; He is clearly a rational open-minded man and a true capitalist and individualist.
The criticisms are unfair and inaccurate...
Reply from The Daily Bell
Criticisms? From this interview? It seems to have been well-received. Fitz's defenders may be overly sensitive ...
Posted by Peter J. Ritter on 12/29/10 10:46 PM
I also didn't see that editor's note. Maybe somebody who saved the original page can tell.
While there may be reasons for hiding an identity, the spreading of disinformation about the non-existence of money parasites is what counts here. A pleasant personality and being an OK dude should not lift him over that. BS meters that let this kind of stuff pass may require some recalibration.
Posted by Catevala on 12/29/10 10:00 PM
I didn't see that "editor's note" the first time I read the blurb on this interview. Was I simply not being observant, or was it added later? Really, I do try to pay attention :-)
As for him using a pseudonym and "iconic" photo, big deal. Some people don't want the World to know who they are and frankly, I can well understand why!
I think he's an OK dude. My BS meter is pretty accurate (imho).
Posted by Peter J. Ritter on 12/29/10 09:28 PM
One of our weaknesses seems to be falling for nice words and elegant phrases. "Fitzroy McLean" certainly has no shortage of those.
But when looking at the substance of the man, we find he hides behind a pseudonym, provides a picture that is not his own and, most importantly, denies that there is a money parasite conspiracy. How much farther can disinformation go? And the DB broadcasts it all, for the purpose of what exactly? Spreading of elegantly worded fairy tales with bon-vivant character? The parasites will continue to run circles around us as long as we can't be more critical than that.
Posted by Spectator on 12/29/10 10:29 AM
Great interview; thanks DB and Mr Mclean.
Not only is his personal story interesting and his investment advice plausible, but also the man shows real style.
An example is the alliteration shown in "passing parade of powerless politicians who pander to the easily persuaded". Wow!
One question - is that really his photo? It looks very like the notable Victorian explorer and translator, Sir Richard Burton, co-discoverer of the source of the Nile. Is there a story here?
Reply from The Daily Bell
That is the photo he sent as he writes using a pseudonym, As noted in the introduction to the interview. We expect the photo to be of a similar nature.
Posted by Al on 12/28/10 10:32 PM
It is very interesting that Mr Mclean is promoting the black market concept,incidently many years ago, the guy who was the then editor of Soldier of fortune magazine was a known front for the CIA,the magazine was used to recruit mercenaries (now we quaintly call them " contractors") through classified ads placed within the pages, of course being a front for the CIA and others,this gave them a convenient list of killers for hire.
Is Mr lean who he says he is ? I have found over the years, that all is not it seems, the soulless power hungry parasites at the top of the tree,are neither stupid or naive , there is much disinformation put out by powerful individuals and hidden groups. Is Mr Mclean a wolf or a sheepdog ?
Reply from The Daily Bell
Fitzroy Mclean is a pseudonym, as noted in the introduction to the interview. The photo is not of the author but is the one we were provided.
As for your question about "Mr. Maclean's" character, we cast no aspersions and make no claims. We have no reason to doubt the sincerity of the author.
Posted by Peter J. Ritter on 12/28/10 10:06 PM
Agree, the guy in the picture looks more like some pasha from the Turkish war almost a hundred years ago. An explanation would definitely be in order.
Reply from The Daily Bell
It was the photo provided to us.
Posted by Catevala on 12/28/10 07:54 PM
I see above that another reader questioned the identity of this "Fitzroy Mclean". I started out far simpler, namely asking who is it in the photo? Is it the interviewee? or ? So far no response. It does seem kind of strange that someone would adopt this "persona" if in fact it is not the interviewee in the photo that purports to be of the interviewee.
Reply from The Daily Bell
Fitzroy Mclean is a pseudonym. This is not the author's actual photo.
Posted by Nanoo Visitor on 12/28/10 12:59 PM
Russia keeps trying to improve their image with investors. See for example (food and natural resource sectors... PepsiCo specifically mentioned):
UPDATE 1-Russia to ease rules for some foreign investment
12:28 PM ET Reuters
Posted by Gavin on 12/28/10 11:14 AM
@DB 12/26/2010 2:13:54 PM
As with you, I have no way of knowing whether David Icke's claims of Reptilians are true or not. But I would not brush them off as allegory just because it sounds 'too out of this world'.
What other person in a similar position would suddenly go off their rocker and become the laughing stock of Britain just so that they could make a living in a totally different field ... and for less money? As you point out, up to that point he'd been a professional soccer player and television presenter and was doing nicely money-wise. So to suddenly change and start from scratch because he wanted to remake himself into some kind of shamanistic figure doesn't make sense, unless it is as he claims.
Regarding his view that the body is like a biological computer I think that definitely has merit. Russian scientists have found that DNA can be influenced by words and frequencies, and in experiments using lasers they have even transmitted the DNA of frog embryos to salamander embryos. You can check on the net for further details but here are a couple of excerpts from an article on it. (One or two sections might be a bit much but...)
"THE HUMAN DNA IS A BIOLOGICAL INTERNET and superior in many aspects to the artificial one."
"Only 10% of our DNA is being used for building proteins. It is this subset of DNA that is of interest to western researchers and is being examined and categorized. The other 90% are considered "junk DNA." The Russian researchers, however, convinced that nature was not dumb, joined linguists and geneticists in a venture to explore those 90% of "junk DNA." Their results, findings and conclusions are simply revolutionary!
According to them, our DNA is not only responsible for the construction of our body but also serves as data storage and in communication. The Russian linguists found that the genetic code, especially in the apparently useless 90%, follows the same rules as all our human languages. To this end they compared the rules of syntax (the way in which words are put together to form phrases and sentences), semantics (the study of meaning in language forms) and the basic rules of grammar. They found that the alkalines of our DNA follow a regular grammar and do have set rules just like our languages. So human languages did not appear coincidentally but are a reflection of our inherent DNA."
"Garjajev's research group succeeded in proving that with this method chromosomes damaged by x-rays for example can be repaired. They even captured information patterns of a particular DNA and transmitted it onto another, thus reprogramming cells to another genome. So they successfully transformed, for example, frog embryos to salamander embryos simply by transmitting the DNA information patterns! This way the entire information was transmitted without any of the side effects or disharmonies encountered when cutting out and re-introducing single genes from the DNA."
Click to view link
From a personal experience I can tell you that there is more going on than what is received through the 5 senses. I don't have any special abilities but a friend of a friend (remote healer) helped me out about 6-7 years ago with a fairly painful health issue I was having at the time.
She did this treatment (whatever it was) 3 times over the course of a year or so and each time it worked wonderfully. The trouble is that the health issue was psychosomatic and kept coming back. But I know it worked because after each treatment the problem completely cleared up for few days before it slowly came back again. Before that I was skeptical of such things. Apart from the email correspondence I can't prove any of what I just said (nor do I need to), but I can say I'd never met nor spoken with this person and we were in different countries at the time.
Getting back to David Icke, my friend thinks the reptilian thing is a clever way to keep the elite off his back while getting the more pertinent information out to the public. But I believe Icke means what he says and it's not such a stretch to think that such strange things might be occurring, especially when you consider the non-solidity of matter and "out there" simply being interference patterns interpreted by the brain to create what we see and feel every day.
Posted by Heuristic on 12/28/10 10:45 AM
It's a bit sus that he uses a pseudonym. (Of course, so do I, but then I'm not asking for money for an expensive newsletter). The expat scene has more than its share of conmen and amoral people who have traded with murderous dictators and criminal gangsters. While many expats are people simply seeking freedom others have "good reason" to be expats in that they are crooked and have fouled their nest where they came from. It'd be nice to be assured that that isn't the case with "Fitz."
Posted by Al on 12/28/10 06:47 AM
Mr Mclean is only partly correct, when he describes the NWO as not being able to organize as a a f@#$% in a brothel ( my words paraphrased from his ) in regards to establishing a shinning NWO then he is totally wrong, he makes the presumption that what the bible describes is incorrect , OK he does not say it in so many words, but its not too hard a stretch to see that the global elite DO have an agenda of establishing their beloved one world government, will it be messy ? ie, "you can't have an omelet without breaking eggs" undoubtedly ! , Mr Maclean will not be immune in Central America.
No one will be, then it will indeed a choice to choose to be free or accept the verichip or somesuch device.
Posted by Zenbillionaire on 12/28/10 06:12 AM
I'd just like to take this opportunity to compliment Mr. McLean on his fashion sense.
Posted by Gunter on 12/28/10 03:08 AM
@ Chris Kruger;
A lot of people here share their thoughts (as does DB) to help people help themselves.
When someone seems to share their thoughts only for selfinterest, eyebrows are raised.
I do not know this Mr. Mclean, and I am certainly not trying to diminish his accomplishments, but I generally do seem to notice more and more people trying to "play the trend" (of free-market-human-actionism). Playing a trend implies returning to the "original state" which implies that one thinks that this original state is forever (for good or bad).
So if Mr. Mclean is playing the trend, he must think al this talk about human-action, and anarcho-capitalism is a lot of BS.
Trends end, evolution quickens. Free-market-human-actionism is an evolution.
Posted by Chris Kruger on 12/28/10 01:28 AM
Too many people want to shoot the messenger instead of seeing the end of empire swiftly approaching....This man is a surviver... Most sheepeople, even if they know danger is swiftly approaching will do whatever they can to reason it away ...
Oh it will never happen here... it not true or whatever the excuse... nothing is done and what could of been prevented or mitigated ends up a full blown disaster. I am also a service academy graduate, planning for hard Click to view linkoose a future now before it is chosen for you.
Posted by John Blenkins on 12/28/10 12:18 AM
Very interesting article Fitzroy. "The Black market is the only free market"
Here's a provocative statement: "In the very near future the only truly admirable and moral profession will be a smuggler."
I would concur with the above statement. I left school aged 16 in 1979. A pint of beer was 30 pence (we all remember the price of our first pint) 1/8 oz (3.5g) of hashish/pot was 15 pounds. 2010 a pint £3 same pot £15. This truly is a free
market that is the real reason why puff has not been legalized the govt could not make money out of it unless they at least matched the markets price. Further up the chain over the years prices for
a kilo have swung up too £2700 from a low of £750. At present Afghanistan black/gold seal is £2400 per k Moroccan hash the cheapest £1300perk
and £10 per 1/8th. The funny thing is by the early 80s Afghanistan puff was very rare and much lamented. Now the west have replaced the soviets a reasonable amount lands in England.
Remember Blair telling us going into Afghanistan would rid us of all those ruthless heroine traffickers. What B/S the crop has never been as high nor the s*** so plentiful cheap on the streets of Britain.Pot is one thing Heroine quite another. The only difference is the West's black ops are the big players in the trafficking and distribution of big money drugs.
Posted by Catevala on 12/27/10 11:53 PM
"If you weigh the pros and cons and where you are presently tops the list then by all means stay put. If not then make the move while you still can. It isn't hard to relocate. The hard part for most is leaving the friends and family and relative stability of what you have come to know and understand".
Sir, I keep hearing people say this, esp. Simon Black. I ask you the same question I asked Simon: "How does one relocate when one is just barely living from paycheck to paycheck as it is? Is expat life only for the (compared to me) rich? And the rest of us must make do living in a police state?". Easy to relocate? Even if one has some money there are tremendous obstacles put up by every government I've so far investigated.
Posted by Catevala on 12/27/10 11:41 PM
Who is the person in the photo? He looks like someone from a much earlier era. That is not the Fitzroy Mclean being interviewed, is it?
Posted by Peter J. Ritter on 12/27/10 10:52 PM
McLean appears to be a nice guy. But his comments: "My experience with so-called elites is that they couldn't organize anything more difficult than a scotch and soda without the help of a professional party planner. They could never pull the strings necessary to organize this mess."
And his answer to DB's question: Is there a small monetary elite that is maneuvering behind the scenes to create a more global governance? – "I doubt it very much".
If that were true, why would a GATA headline about a Wall Street Journal article say " 74% later, Wall St. Journal notices silver only to try to talk it down"?
Click to view link
Now why would the WSJ try to talk down silver??
There are any number of other clear indicators that there is a longstanding conspiracy about things financial and political in our world. That McLean denies that leaves one with a bad taste in the mouth. Either he has his head in the sand, is disingenuous or covering up. But then that wouldn't be so surprising from a guy with CIA connections.