Your capital is safe, the Financial Times announces!

I'm sitting in a Bond Street coffee shop, reading the FT this morning. 

 

• Dozens of women and children will die today in refugee camps
• US college students are getting beaten by cops (and the NY Times is blaming it all on a 63-year old career civil disobedience trainer—those gullible kids who are swayed by peace signs!). Shame on you, trustees! Your job is to protect education, unless you're on the Columbia University Investment Committee.  In which case you probably think the FT is worth reading while you're flying to Omaha.  Yes, I'm talking to YOU in seat 3A.
• The five major arms exporting countries are adding eternal debt to the balance sheets of the other 177 countries—debt that won't be paid off for nearly 100 years, if ever. Citizens of the globe: You are working for the rest of your lives to pay for weapons…in South America, Africa, South Asia, Baltimore.
• Trump is money laundering right in our faces—using the NYC market and the IPO liquidity scheme (six months is shorter than the holding period for drug deals and bitcoin)—telling the rest of the wealthy guys on the planet that it's business as usual.
• Does anyone still believe that high interest rates slow inflation?  All it does is price another 20% of the global population out of ever owning a single asset.

 

What does the front page of the FT have to say for itself on this drizzly London morning?

 

First, Warren Buffett is 93! 

 

Second, there's a big crackdown by the Greek finance minister on tips earned by the 25,000 taxi drivers in Athens.  Greece aims to clean up corruption—starting where governments always start (and never go any further):  at the bottom. Anyone without a lawyer or a complex capital structure.

 

Who on earth are the morons who publish this crap?  Pass the marmalade…