Richard Russell – Prepare For Something Worse Than 1929 – 1932 … Will The U.S. Seize People’s Gold?

Tuesday, April 28, 2015
By Paul Martin
April 27, 2015

As people continue to digest breaking news out of Greece and around the world, the Godfather of newsletter writers, 90-year-old Richard Russell, warned people to prepare for something worse than the global collapse of 1929 – 1932. Russell also answered the question: Will the U.S. seize people’s gold?

Richard Russell: “Subscribers may remember that I thought the stock market would have a melt-up before it settled into a destructive bear market. It occurs to me that the chances of a melt-up are diminishing because the market is losing its upside momentum.

Prepare For Something Worse Than 1929 – 1932

My thinking is that the market is preparing for one of the worst bear markets in history, one that will out do the 1929-32 affair. My old friend, Robert Prechter, of Elliot Wave fame, believes the Dow will go below 400. If this happens I think there will be doubts about whether the US can survive.

The Rest…HERE

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