Tyrants and Traitors

The Federal Reserve’s distortion of US house prices–through low rates and Quantitative Easing first, then higher rates later–may be the single-largest wealth destroying policy mistake it’s ever made.

Did the people running Evergrande, China’s largest property developer, not get the memo? We’re less than a week from ‘BRICS’ day. That’s when we’re told the BRICS countries will announce a gold backe…