The Daily Reckoning Australia

When the stock market goes up, for example. But when stocks go up faster than GDP, it merely shifts wealth from average households to the richest ones — those that own most of corporate America.

Poor Jeff Epstein. The kindest word you will hear about him in the press is that he is dead.

America’s big devaluation began in 1971…and is on-going. In gold terms, the dollar has lost 99.2% of its value. And it is being devalued — though not officially — everyday.

Tariffs never made any sense to us. Civilized prosperity is built on trade, not autonomy. The man who makes his own shoes, grows his own food, and builds his own automobile, is a very busy man.