Richard Russell – The Grim & Devastating Tragedy Of America

Tuesday, September 23, 2014
By Paul Martin

KingWorldNews.com
September 23, 2014

Today the Godfather of newsletter writers, 90-year old Richard Russell, exposed the grim and devastating tragedy of America. The 60-year market veteran also discussed what is happening with gold, the desperation of the Fed, and he also takes KWN readers on a trip down Memory Lane.

Russell: “Friday’s market closed with the Dow eking up to a new record high of 17,279. Transports were down 43 and obviously did not confirm the new record high in the Dow. To those who believe the market will remain range-bound in a high area, I recommend physical silver and gold and CEF. And for the adventurous, I recommend W.R. Berkley (WRB), an interesting insurance stock that may be a mini-Berkshire Hathaway.

As for the Fed, it appears we will have zero interest rates well into 2015. The Fed is of the opinion that the US economy can sustain itself without QE. The Fed will experiment (so they say) by omitting QE in October. Can a group of men that call themselves the Federal Reserve outthink the forces of supply and demand? The great experiment is in action. We await the outcome with bated breath.

A war that’s not yet a war – General Dempsey, Chairman of the Joint Chiefs of Staff, said this week that US combat troops will be sent into Iraq if air strikes fail to rout ISIS. This put President Obama in an uncomfortable spot. Dempsey’s comments came just a week after Obama ruled out using US ground troops in the battle against ISIS, saying the fighting would instead be done by what’s left of the Iraqi army.

The Rest…HERE

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