Richard Russell – Damn The U.S. Lies, Bullshit & Propaganda

Friday, March 7, 2014
By Paul Martin
March 6, 2014

With continued chaos and uncertainty in global markets, today KWN is publishing an incredibly powerful piece that was written by a 60-year market veteran. The Godfather of newsletter writers, Richard Russell, is now becoming more vocal about the the United States government lying to its people. He also discussed major moves by the Chinese, why the stock market will crash, and what is happening with gold, and particularly silver.

Russell: “It’s not the troubling news that’s making the hair on the back of my neck stand up, it’s the lying and BS and propaganda that I can’t stand. For instance, we’re being told bold lies about the US economy. From what I hear and what I can dig out, the US is in recession and has been since late 2007. Bernanke left office believing (hoping) that the US economy was improving.

Now Janet Yellen is Chair of the Fed, and she is hoping that Bernanke was right. Yellen notes that retail sales and housing and job growth and industrial production have slowed, but she blames all this unsatisfactory data on the rotten weather we’ve been experiencing. The latest is that Yellen will continue tapering. Good luck Madam Yellen.

The big picture is really that the US has been undergoing deleveraging and deflation. Meanwhile the Fed, which is terrified of deflation, has been trying to create its beloved two percent inflation. But so far the Fed has failed. The Fed has failed in its frantic attempt to produce inflation because the current forces of deflation are overwhelming the Fed’s inflationary efforts.

The Rest…HERE

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