Richard Russell – Meltdown In The U.S. Dollar & Oil To Hit $150

Wednesday, July 2, 2014
By Paul Martin
July 2, 2014

At nearly 90 years old, the Godfather of newsletter writers, Richard Russell, warned about a possible meltdown in the U.S. dollar and also said that oil is headed to $150. If the 60-year market veteran’s worst fear is realized, it will absolutely devastate an already crumbling middle class in the US.

Russell: “My single biggest worry is the US dollar. It’s now clear that Russia and China are out to diminish the future of the dollar, which is the world’s reserve currency. To do this, they would have international trading done in non-dollar currencies. The preferred currencies would be the Chinese yuan and the Russian ruble.

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