This launched a global economic revolution... ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

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View in browser SPONSORED Scandalous: Trump Kills Penny Recently, President Trump decided to kill the coin, for good reason. It now costs 4 cents to make a single penny. Which means the government is losing 3 cents on every one it mints. But the truth behind Trump’s decision may be stranger than you think. You see, the U.S. is facing a looming shortage that could cripple the economy... and send one tiny clutch of investments soaring in the weeks ahead. Former White House Advisor, Jim Rickards, just came forward to share the startling truth. Along with the reason why millionaires and billionaires are moving a vast sum of money into a little-understood corner of the stock market. For his uncensored take on what’s really happening and what it could mean for your money, click here. EDITOR'S NOTE Inspired by Alexander Green's book, Beyond Wealth: The Road Map to a Rich Life, this column looks beyond traditional measures of wealth to explore how a rich life is about more than just financial success. Money may create wealth, but attitude, character, conscience and wisdom do as well. Only by incorporating each of these elements into your day-to-day existence can you experience what the ancients called "the good life." The Beyond Wealth column provides insightful commentary on the most important aspects of "the good life," including love, work, honor, trust, freedom, death, fear, truth, and beauty. Enjoy the latest instalment below... - Nicole Labra, Senior Managing Editor THE SHORTEST WAY TO A RICH LIFE The Other Freedom Document of 1776 Alexander Green, Chief Investment Strategist, The Oxford Club As every American kid learns in school, the history of the United States is the story of a political experiment that began with the Declaration of Independence. Yet, coincidentally, another set of documents - also published in 1776 - helped launch a global economic miracle to rival the political one. I'm referring to Adam Smith's Wealth of Nations. Smith (1723-1790) was a Scottish moral philosopher, and his magnum opus is rightly venerated. To appreciate why the book had such an impact, you need to understand the economic thinking of the time. Gold, land and agricultural output were regarded as the only real "wealth." And so, the British government granted royal charters for monopolies, imposed protective tariffs on imported goods and regarded trade as a zero-sum game among countries for an economic pie that could not be expanded. Smith changed that, exposed the flaws in this "mercantilist" view and demonstrated through powerful examples that... Competition ensures a steady fall in prices and a rise in the quality of goods. Specialization - the division of labor - is the original source of economic growth and increases productivity. Free trade creates pricing mechanisms that allow supply to meet demand. Any definition of liberty that is not based on property rights - including the right to keep the fruits of your labor - is meaningless. Government interference to protect favored groups hurts the interests of both businesses and consumers. His key insight was that no external force, no coercion, no violation of freedom is necessary to produce economic cooperation. Free enterprise is about voluntary exchange for mutual benefit. Moreover, individuals pursuing their own self-interest are led as if "by an invisible hand" to promote the public good, even though that is not their intention. In their quest for profits and market share, businesses innovate and increase efficiencies - creating products that are better, cheaper or longer-lasting. No one benefits more than the consumer. Even though producers of various products live in different lands, speak different languages, practice different religions and may even hate one another, markets allow them to cooperate to meet each other's wants and needs. Smith could never have imagined the technology, medicines and standard of living that we enjoy today. SPONSORED DIVIDENDS: No. 1 Way to Collect Passive Income If you want to get rich, passive income is the name of the game. Real estate is risky. "Side hustles" take work. But dividend stocks are truly 100% passive! And while they might sound old-fashioned... They are the single best way to grab MORE INCOME - while you eat, sleep and vacation - month after month. Getting started couldn't be easier! To prove it, I'm giving you the Ultimate Dividend Package (FREE OF CHARGE). Click here to get it for free. Yet The Wealth of Nations explains exactly how tens of millions in the private sector cooperate to meet our needs without any threat of force or coercion. Despite all the benefits, plenty of reasonable, well-educated individuals complain, "It's a shame that our economic system is based on selfishness" and "Business owners put profits ahead of people." In truth, no economic system based on anything other than self-interest has ever created anything like the material prosperity we enjoy today. (And private enterprises that don't value their key employees are likely to lose them to competitors.) There is a good reason business owners put the bottom line first: Without profits and growth, there can be no employer-sponsored health benefits, no 401(k) plan, no paychecks and no job security. Adults who don't grasp this are good candidates for remedial education. The Wealth of Nations is not a justification for amoral greed. Smith devoted most of his career to a single philosophical project, the betterment of life - and his genius was to establish economics as a scientific discipline. He avoided unworkable, utopian solutions and proposed solutions that tap into human imagination and ingenuity, those qualities that best promote happiness, liberty and prosperity. Because he didn't keep a diary, wrote few letters and burned all his unpublished papers, we don't know much about the personal side of Adam Smith. However, he did enjoy society and conversation, calling them "the most powerful remedies for restoring the mind to its tranquility." His best friend was the philosopher and historian David Hume. He also knew Edward Gibbon, Samuel Johnson, Sir Walter Scott, James Watt, Voltaire, Rousseau, Edmund Burke and Benjamin Franklin, among others. As P.J. O'Rourke writes, "It's impossible today to imagine knowing a range of such people. There are no such people." Smith's theories and conclusions are so fundamental to modern economics that we rarely appreciate their brilliance. He wanted us to use our mental and physical capacities to make despots as unnecessary and inconsequential as possible. And since there is never a shortage of rational self-interest, he argued, it provides the sturdiest foundation for the economic security of a country and its citizens. Good investing, Alex Leave a Comment BUILD AND PROTECT YOUR WEALTH How to Profit From the Surge (Outside the Stock Market)... Click Here. The Most Undervalued Stock I've Seen All Year Why This Billionaire's Multimillion-Dollar Bet on a Little-Known AI Stock Could Be Your Next Payday! Everyone's Watching Jackson Hole (They're Missing the Real Play) MORE FROM LIBERTY THROUGH WEALTH Quantum Computing: Bigger Than AI? How Investors Should Play the Short-Term Rate Cut... and the Long-Term Debt Bomb Why Some Americans Thrive... and Others Don't The Hardest Working Intern on Wall Street JOIN THE CONVERSATION Facebook LinkedIn Email Share SPONSORED These Stocks Are UNDEFEATED. Shah Gilani is revealing his most important discovery ever... A special group of stocks that have ALWAYS gone up during certain months. For instance, October's special play has averaged a 75% gain - every October for the last 5 years. And November's special play has averaged a 310% gain each November since 2019! Click here to claim many of these "undefeated tickers" - FREE. 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 © 2025 The Oxford Club, LLC All Rights Reserved The Oxford Club | 105 West Monument Street | Baltimore, MD 21201 North America: 866.237.0436 | International: +1.443.353.4540 Oxfordclub.com Nothing published by The Oxford Club should be considered personalized investment advice. 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