Looters “R” Us

🤑💲💲🤑💲💲🤑💲💲🤑💲💲 [Altucher Confidential] August 22, 2023 [WEBSITE]( | [UNSUBSCRIBE]( While those ransacking the shelves of Target don't warrant capes... let's not forget the looters north of Richmond. [Hero_Image] Looters “R” Us CURRENCY WARS ALERT With Putin invading Ukraine…Rising tensions with China… Inflation, recession, supply chain issues, and the potential for greater violence is breaking out all over the world. It seems as if some of my worst fears have finally come true. [That’s why I’ve recorded this message from Pentagon City.]( To tell you exactly what you need to do to prepare for what comes next. Because if history is any indicator, soon…and I mean very soon… This war is not going to end well. [Click here to view my urgent message from Pentagon City.]( [Chris Campbell] CHRIS CAMPBELL Dear Reader, As the autumn winds begin to howl, Dick's Sporting Goods is feeling a cold front of its own. As you know, their shares took a nosedive, tumbling by about 25%. Whispers in the corridors suggest a trim to their crew, too. Dick’s cries foul on an old enemy of retailers: the dreaded inventory shrink. But it’s not just sporting goods feeling the shrivel. CEO of Walmart, Doug McMillon, was careful to point out that inventory shrink is a multi-headed beast. There are a number of reasons for items to go amiss -- after all, things break -- but organized retail looting has become the head with the sharpest bite. The head honcho of Target, Brian Cornell, agreed. He recently decried the surge of looting, branding it "unacceptably high." Home Depot chimed in as well, sharing tales of their battles with this retail demon. We’re reminded that, not so long ago, amidst a nation ablaze, author Vicky Osterweil painted a provocative picture. Like a reverse Gordon Gekko, she declared: Urgent Note From James — Response Requested By Midnight [I just made a massive change to my Altucher’s Investment Network newsletter.]( This is one of the biggest changes to a newsletter in the history of our business… As far as I know, nothing like it has ever been done before. I’m adding 3 brand-new benefits to this all-new “Pro level” of Altucher’s Investment Network. And as one of my readers, I’d hate to see you left behind. That’s why – until MIDNIGHT tonight – [you’ll be able to upgrade your current subscription to this new “Pro level” by clicking here.]( [Seriously. Just click here now to see how to claim your upgrade.]( Looting is Good According to Osterweil… Not only is it the silver bullet for capitalism’s white werewolf… Looting provides the looter with an “imaginative sense of freedom and pleasure and helps them imagine a world that could be.” Riots and looting, she went on, are “joyous” and “liberatory.” They are cause for celebration. (Her book, In Defense of Looting, went on to become a #1 bestseller.) Revolting as it may be, Osterwell's notion revolves around those petty pilferers, the small-time looters. Her discourse conveniently skirts the grandiose thievery, the sort orchestrated under the auspices of the public good. Yet, a seed of inquiry germinates: Do the true maestros of looting, those giants ensconced north of Richmond, indulge in the same euphoria? Or does their loot, adorned in the cloak of legality, transpire as a dispassionate calculus, a realm apart from the fiery (but mostly peaceful) fervor? The Cantillionaires Zoom now into the opulent corridors of the European Central Bank. Months ago, amidst glinting chandeliers and echoes of power, a question was posed: “What fuels the fires of inflation? Is it the heft of profits or the cry for wages?” In their wisdom, the bankers settled on the former. From their meditations emerged a new buzzword: "greedflation." You might remember the spectacle. Corporations were all but shackled and shamed in the public square. Not to be outdone, politicians like Elizabeth Warren zeroed in on the humble corner grocers -- those scraping by on meager margins. But, it didn’t last. The moment workers began to feel the lukewarm rays of slightly better pay, the bankers ushered a new buzzword onto the stage: "wageflation." According to them, the galloping double-digit inflation had nothing to do with those who conjured a cool $7 trillion from thin air… And then bestowed it upon the hallways of power, the vaults of bankers, and the pockets of Wall Street. It had nothing to do with those who distorted the economy, tilting it in favor of those closest to the printers -- a historically inevitable phenomenon called the Cantillon Effect. It could only possibly be the greed of the right-wing or the aspirations of the left. While those ransacking the shelves of Target might not warrant capes... Let’s not forget that the real looters lurk behind the buzzwords, skillfully concealing their exploits. More tomorrow. 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