Biden vs. Amazon 🥊

Who will get the knockout in this FTC battle? [Shield] AN OXFORD CLUB PUBLICATION [Liberty Through Wealth]( [View in browser]( SPONSORED [Look Over a Multimillionaire Trader's Shoulder for an Entire Week... FOR FREE!]( [Nate typing]( Who: You and Pro Trader Nate Bear What: The "Millionaire Trading Blitz" during the first-ever Daily Profits Live Open House Where: Online When: October 16-20 (9 a.m. - 4 p.m. ET daily) Why: To see how we target BIG PROFITS each day! Confirm Your FREE Spot: [>>Click Here to RSVP<<]( EDITOR'S NOTE LAST CALL! [Have you RSVP'd for this exclusive event?]( Self-made multimillionaire trader Nate Bear is pulling back the curtain on his trading chat room, [Daily Profits Live](. From October 16-20, you can join him for free. But [you must add your name to this list for free access](. [Register now<<]( - Nicole Labra, Senior Managing Editor THE SHORTEST WAY TO A RICH LIFE [Why the Biden Administration Is Losing Its War on Amazon]( [Alexander Green | Chief Investment Strategist | The Oxford Club]( [Alexander Green]( A few weeks ago, a group of friends and I had dinner in New York City with an A-list movie star and his family. I'll avoid name-dropping to protect the innocent: the celebrity's daughter, a law school student and avowed Marxist. During the meal, she called out my friend, Whole Foods founder John Mackey - who was at the table - as "a monopolist." "Whole Foods is a monopoly?" John smiled. "We have less than 3% of the national grocery market." "I mean," she pressed, "that Whole Foods has a monopoly on organic and other health foods." "Walmart sells more health food than we do," John replied. "With all due respect," she said, not the least bit chastened by her ignorance of the facts, "I don't believe you and I are using the term monopolist the same way." "I'm using it the way it's defined in the dictionary," John said. "How are you using it?" Her arguments went further south from there. During the conversation, however, we learned the real reason she viewed John as a "monopolist." A successful entrepreneur, he had made millions for himself and other Whole Foods shareholders before the company was eventually bought by Amazon (Nasdaq: AMZN). Apparently, starting a single store and growing it into what Fortune magazine calls the "world's most admired grocery" is not nearly as ethical as making millions of dollars pretending to be other people... like her father does. SPONSORED [Investing Wizard Who Turned $37K Into $2.7M in Just 4 Years Makes His Next Big Move]( [Nate Beat - Play button]( He started from nothing and became a multimillionaire... He's now one of the most sought-after trading experts... Yet he operates 858 miles from Wall Street. And now, he's revealing his No. 1 favorite strategy that targets MASSIVE weekly profits with just one stock ticker. [SEE THE PROOF HERE]( I was reminded of this odd conversation after reading about the Biden administration suit against Amazon for its monopolistic behavior. According to a U.S. Federal Trade Commission (FTC) lawsuit filed in September in Seattle, Washington, the online retailer keeps prices artificially high, locks sellers into its platform and harms rivals. None of this is true. But the agency's chair, Lina Khan, is a longtime critic of the company. As a law student in 2017, she even wrote an article in The Yale Law Journal titled "Amazon's Antitrust Paradox." Her conclusion? Amazon is a monopoly that must be broken up. Hmmm. Who knew that so few law schools have dictionaries. To be a monopoly, a business must have exclusive control of a particular product or service - like a government-chartered utility does - making it possible to control prices and potentially harm customers. Amazon has a 6% share of national retail sales and a 38% share of online sales. It is not a monopoly. There is nothing you can buy on Amazon that you can't buy elsewhere. Yet - having lost earlier antitrust cases against Microsoft (Nasdaq: MSFT) and Meta Platforms (Nasdaq: META) - Lina Khan and her agency are dragging yet another iconic American company through court. How does the FTC argue that Amazon - arguably the nation's most customer-centric company - is a monopoly? By using the tired trick of inventing a new category: online superstore. The problem for Ms. Khan and the Biden administration is that online superstores have competition... and plenty of it. Consumers can easily compare Amazon's prices with brick-and-mortar stores as well as other online retailers. That means the company can't charge a penny more than customers are willing to pay. As a longtime, satisfied Amazon Prime member myself, I occasionally check the prices of products elsewhere. But 9 times out of 10, the company's sheer convenience, reliability and quick delivery cause me to "one-click" and get on with my day. Apparently, millions of Amazon customers feel the same way. Maybe that's how you become an online superstore in the first place. However, many Americans are more price sensitive. An HRC Retail Advisory survey found that 59% of in-store shoppers use smartphones to compare prices or search for deals. And online shoppers can compare prices in an instant. So what, exactly, is the Biden administration protecting us from? As the government's arguments floundered in court, the FTC tried a new tack, charging that Amazon used software to test if price hikes would stick. News flash: There isn't a company in the nation that doesn't do this. Firms exist to maximize profits. And the only way a business can discover the "right price" is to test and see what customers will pay... and what they won't. Ironically, the fact that Amazon had to "test" its prices proves that it is no monopolist. The FTC further charged that Amazon "is suppressing price competition by disciplining rival retailers who dare to discount." Not so. What Amazon does is prohibit third-party sellers on its platform from offering lower prices on other websites. It does this so that Amazon customers are always offered the best price. If a third-party seller wants to charge lower prices elsewhere, it can. It just can't simultaneously use Amazon's platform to charge higher ones. No one forces these sellers to use Amazon, incidentally. They voluntarily choose to use the company's platform because it increases their sales. Making the FTC's claim stranger still, Amazon earns a "referral fee" based on the price of merchandise sold. In other words, if these sellers charged higher prices, Amazon would earn more. Only in the FTC's warped view of commerce is looking out for your customers' best interests an example of wrongdoing. David Zapolsky, Amazon's general counsel and head of public policy, says the FTC is "wrong on the facts and the law." That's putting it mildly. In July, Forbes magazine asked 1,000 U.S. customers, "What are your favorite brands to do business with?" The No. 1 choice? Amazon. The Biden administration is suing the firm for what amounts to low prices and fast service. The real sin, of course - whether you're a naïve young Marxist or Lina Khan - is making a lot of money. Good investing, Alex [Leave a Comment]( [IU 2024]( WEALTH OPPORTUNITIES - [Instead of $96... Marc's Readers Could Have Paid Just $3.30 per Share and Realized a 327% Gain in Just Two Months on One Trade! See How Right Here.]( - [Alex Green's New #1 Alternative Investment (It's Just $12!)]( - [How to Open a Brokerage Account and Start Trading]( - [A Hot New Trend for 2024]( JOIN THE CONVERSATION [Facebook]( [Facebook]( [LinkedIn logo]( [LinkedIn]( [Email Share](mailto:?subject=A%20great%20piece%20from%20Liberty%20Through%20Wealth...&body=From%20Liberty%20Through%20Wealth:%0D%0A%0DWho%20will%20get%20the%20knockout%20in%20this%20FTC%20battle?%0A%0D [Email Share](mailto:?subject=A%20great%20piece%20from%20Liberty%20Through%20Wealth...&body=From%20Liberty%20Through%20Wealth:%0D%0A%0DWho%20will%20get%20the%20knockout%20in%20this%20FTC%20battle?%0A%0D MORE FROM LIBERTY THROUGH WEALTH [Mortgage Rates]( [The Era of Low Interest Rates Is Over]( [Bob Ross Games]( [What This Famous Painter Can Teach You About Trading]( [Market Timing]( [Is It Time for Investors to Panic?]( [Miss the Target]( [This Year's Big Winner Is Up 30,000%]( SPONSORED [The End of Vladimir Putin?]( [End of Putin]( Source: [www.kremlin.ru]( This one decision by Putin has the potential to strengthen America in a way not seen since the Marshall Plan rebuilt Europe after WWII. In fact, Wall Street projects one $30 stock will rise to $280 in just 18 months. [Click here to get the full story.]( [The Oxford Club]( You are receiving this email because you subscribed to Liberty Through Wealth. Liberty Through Wealth is published by The Oxford Club. Questions? Check out our [FAQs](. Trying to reach us? [Contact us here.]( Please do not reply to this email as it goes to an unmonitored inbox. [Privacy Policy]( | [Whitelist Liberty Through Wealth]( | [Unsubscribe]( © 2023 The Oxford Club, LLC All Rights Reserved The Oxford Club | [105 West Monument Street](#) | [Baltimore, MD 21201](#) North America: [877.806.4508](#) | International: [+1.443.353.4610](#) [Oxfordclub.com]( Nothing published by The Oxford Club should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed personalized investment advice. We allow the editors of our publications to recommend securities that they own themselves. However, our policy prohibits editors from exiting a personal trade while the recommendation to subscribers is open. In no circumstance may an editor sell a security before subscribers have a fair opportunity to exit. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. All other employees and agents must wait 24 hours after publication before trading on a recommendation. Any investments recommended by The Oxford Club should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Protected by copyright laws of the United States and international treaties. The information found on this website may only be used pursuant to the membership or subscription agreement and any reproduction, copying or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of The Oxford Club, LLC, 105 West Monument Street, Baltimore, MD 21201.