Richard Russell – Endless Propaganda & A Horrifying Endgame
KingWorldNews.com
October 14, 2014
Today the Godfather of newsletter writers, 90-year old Richard Russell, condemned the endless propaganda coming out of the United States and the Federal Reserve, and also warned about this bear market will be about the end of fiat money. The 60-year market veteran also covered gold, silver, stocks, China, the U.S. dollar and more.
Russell: “I suspect that we’ve been hearing an awful lot of propaganda from the Fed and the government regarding our “improving” economy. I think it’s nonsense and propaganda by the government to convince voters that the Fed and the government are doing a great job and promoting prosperity.
I happen to agree with economists John Williams and Gary Shilling that we’re still embedded in the “Great Recession.” When the real facts about the economy finally emerge, I think it will be a great shock to investors. And that may be what the stock market is trying to tell us.
As far as reading the Averages, I particularly did not like Friday’s action, in which Transports broke support and sank to a new low. TLT was higher today, indicating that bonds are higher. And gold was strong across the board, with gold miners confirming bullion advances.
Option traders are not oblivious to what may occur in the future. Note that the VIX has surged to a new high for the move, indicating the option traders are preparing for a violent rise in volatility.
The Rest…HERE
