Dear Hard Truthers,

We are publishing herewith the August edition of The Hard Truth.

This issue contains some brief updates on investing and politics.

But the main story deals with a “touchy” subject. I say “touchy” because the last

time I published something on this subject I received some heated feedback.

Heated feedback is fine, but this is THE HARD TRUTH and we are dishing some out in this issue.

Hope you enjoy.

John Truman Wolfe

August 2017