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James Hickman
James Hickman (aka Simon Black) is an international investor, entrepreneur, and founder of Sovereign Man.
Congratulations to Kamala Harris on her new $8.2 million beachfront home in Malibu.
The former vice president – who spent years warning Americans that “our oceans are warming” and “sea levels are rising” – has apparently decided the beaches of California are safe enough to bet $8 million on.
During her 2019 presidential primary campaign, Harris was emphatic: “Extreme weather is destroying our communities.” At a 2023 speech at the University of Miami, she doubled down: “To live in a coastal community is to live on the front lines of the climate crisis.”
Maybe she’s planning to become a martyr for the cause. Or maybe she has always been full of shit.
But the climate hypocrisy is really just the appetizer.
This is the same Kamala Harris who spent years positioning herself as a champion of “the little guy” – railing against wealthy Americans, supporting tax hikes on “the rich,” and suggesting that billionaires weren’t paying their “fair share.”
During the 2020 campaign, she endorsed wealth taxes and proposed dramatic increases on capital gains. She talked about “equity” and “economic justice” while lecturing Americans about the obscenity of accumulated wealth.
And now she’s living in an $8.2 million ocean-front mansion.
There’s nothing wrong with being wealthy (although there is something suspect about the amount of wealth “public servants” with modest salaries seem to accumulate).
There’s also nothing wrong with buying a beach house. But there’s something deeply wrong with spending a political career demonizing wealth and then quietly collecting the spoils.
But this is routine on the left.
Janet Yellen, who served as Fed chair from 2014 to 2018 then Treasury Secretary from 2021 until January 2025, is now warning America about the unsustainable trajectory of the national debt.
She warned about “fiscal dominance,” which might sound like a central banker’s kink, but is actually a technical term for when government debt gets so large that the central bank is effectively forced to keep interest rates low and print money to manage it, rather than focusing on inflation.
This is exactly what we have been saying would happen for years – the Fed forced to prioritize lower rates and money printing, despite elevated inflation, just to keep the government solvent and able to service its debt.
The comments were made at the American Economic Association meeting earlier this month, where Yellen also warned that the debt is heading toward 150 per cent of GDP.
She lamented that “The overall federal deficit is roughly six per cent of GDP. That level has never before been realized except during wars and recessions… The needed belt tightening is significant.”
This is rich.
When Yellen served as Fed chair from 2014 to 2018, she kept interest rates near zero, enabling the cheap borrowing that fueled the debt binge.
She then served as Treasury Secretary from 2021 to 2025, presiding over the national debt exploding from roughly $27.8 trillion to over $36 trillion.
That’s more than $8 trillion in new debt on her watch. So who exactly is she lecturing?
She even completely ignored the most responsible way to continue behaving fiscally irresponsibly – locking-in low long-term interest rates.
Yellen’s Treasury department issued predominantly short-term debt instead of 10-year or 30-year bonds when yields were below one per cent. That decision alone will cost American taxpayers hundreds of billions in additional interest costs as those debts roll over at higher rates.
Let’s not forget that people like Harris and Yellen are enabled by an entire apparatus of legacy media propping up their narratives, and conveniently ignoring stories which conflict.
But last week, one of the worst offenders, the New York Times, saw the light!
The paper published a review of a book about how the “clean energy” supply chain involves horrific mining conditions. Child labor in Congo’s cobalt mines. Environmental destruction in Indonesia’s nickel operations. Human exploitation fueling the electric vehicle revolution.
Imagine my shock!
The book, The Elements of Power by Nicolas Niarchos, traces the lithium-ion battery supply chain. The Times called it a “revelation of the human costs of mining the minerals on which those batteries depend.”
A revelation? In 2026?
This is the same New York Times that spent the last two decades cheerleading every EV mandate, solar subsidy, and fossil fuel restriction. The same paper that treated anyone questioning the “green transition” as a climate denier or industry shill.
It’s hard to believe the New York Times just discovered six-year-olds working in Congolese cobalt mines. This isn’t new information – it’s been documented for years. So either the paper of record is so naive they’re not equipped to report the news, or they’ve been deliberately ignoring the ugly side of “clean” energy to fit the narrative.
If the Times had bothered to report honestly on these supply chains for the past 20 years – instead of breathlessly promoting every green initiative as morally unimpeachable – perhaps America wouldn’t have abandoned nuclear power, the cleanest and most efficient energy source known to man.
Nuclear doesn’t require child labor in the Congo. It doesn’t devastate Indonesian rain forests. It doesn’t depend on supply chains controlled by adversarial nations.
But nuclear was left for dead because the same people now “discovering” dirty clean energy spent decades pretending solar panels and EV batteries appeared through immaculate conception.
It’s not that these people are stupid. It’s that the rules they preach are for you, not for them.
This is why we’ve been saying for years that you cannot rely on the same people creating these problems to solve them.
Unfortunately, voters show little appetite for making the changes needed to fix any of it.
This article was originally published by Sovereign Man.
