Richard Russell – Elite Panicking Out Of Fiat Money Into Hard Assets As Central Banks On Verge Of Losing The War In Gold
KingWorldNews.com
May 19, 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 that the elite are panicking out of fiat money and into hard assets as central banks are now on the verge of losing the Gold War.
Richard Russell: “The last two times the US saw at least three straight months of declining industrial output, the economy was in recession, or about to be. Industrial output in April fell for the fifth consecutive month, indicating that the US economy was close to or actually dipping into recession. Analysts, surveyed by the Philadelphia Fed, see GDP expanding 2.5% in the second quarter, 3.1% in the third quarter, and 2.4% overall, down 0.8% compared to the last survey. In the face of all this, it is almost axiomatic that the Fed will not be raising interest rates any time this year, or even into 2016.
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