In this report I cover the early market action from London on Friday, August 3rd, 2018. I look briefly at the precious metals, the stock market, the dollar, oil and crypto currencies.
I also talk about an article by Charles Hugh Smith about the Misery Index, https://www.silverdoctors.com/headlines/world-news/21st-century-misery-index-labors-share-of-the-economy-and-real-world-inflation/
Mr Smith points out, with non governmental statistics, how the general public has been ripped off via via fiat money inflation since the 1970s. I note that this growth in inequality has accelerated since the early 1970s when President Nixon too the dollar off the gold standard.
I point out that Mr Smith's article is puts the current economic malaise in the Western world into numbers and pictures. I conclude that a return to a sound money system where money serves as a utility to the public is the only way to rectify the "21st Century Misery Index" Mr Smith writes about.
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