Cox contributed some cash and, more importantly, his connections inside the tribal surfing industry, where transactions are conducted B to B--that's "Bro to Bro"--and nonsurfers aren't particularly welcome.

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The most that can be said about these bonds is that if you (a) reach out on the maturity spectrum, (b) hold the TIPS for the full duration and (c) hold them inside a tax-deferred account like an IRA, then you will have a positive return.

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Still, inside them the idea of self-imposed exile has risen in salience: from a bluff to a plan B.

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