Richard Russell – Did The U.S. Treasury Just Issue A Major Warning? And What About Gold, Silver And Costco?
KingWorldNews.com
May 05, 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, wonders: Did the U.S. Treasury just issue a major warning to the Fed? Russell also covered one stock’s surprising performance.
Staggering U.S. Debt Worrying The Fed And Hurting U.S. Economy
I think the US is trying to pull itself up by its bootstraps. The problem is the massive US debt of over $17 trillion. I think the Fed’s idea is to get the economy growing again, start paying off the debt, and all will be well. The key to the strategy is whether the Fed can get the US economy growing again. On this basis, I’ll be watching the stock market for the answer to whether the US economy can be revived.
The huge total of US debt — over $17 trillion – is a stone hanging over the US in the form of deflation. The greater the debt, the greater the odds that deflation will overcome the economy. Japan has for years attempted to grow its economy upon the base of its huge debt. After ten years of trying, Japan is still unable to get out from under this deflationary burden. I hope that the US can do better.
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