By Richard Russell in Dow Theory Letters:

…every year 17,000 people die on the road (cars) from alcohol-related accidents. But nobody bans alcohol, no, there's too much big money involved. Government figures claim that 435,000 people die annually from tobacco-related causes. What, ban tobacco? Forget it, too much money and too much in the way of taxes/collections are involved.

But the stupid "war against drugs goes on." And no politician has the guts to try to halt it. The useless war on drugs causes thousands of deaths every year, costs billions, and fills our prisons with nonviolent offenders who are really medical cases. The war on drugs is a testament to Washington's sheer stupidity and the cowardice of our politicians.

Crux Note: Learn more about the excellent Dow Theory Letters here.

More from Richard Russell:

Richard Russell: Gold has officially broken to the upside

Richard Russell: Rally is well within the confines of a bear market

Richard Russell: The major development we need for a real market bottom