Legend Richard Russell Not Only Warned This Global Carnage Was Coming, He Also Warned How Terrifying The Financial Destruction Will Become…(Ed. Note: Front Page Overloaded! Go To Page 2!)
KingWorldNews.com
January 27, 2016
Legend Richard Russell not only warned this global carnage was coming, but he also warned how terrifying the financial destruction will become.
Devastating Bear Market To Correct Gains Since 1932
Richard Russell: “My thinking is that this is the big bear market that will correct the entire rise from the 1932 low. In all my years of writing since 1958 I have never allowed my subscribers to stay invested through a primary bear market. I have kept my subscribers out of common stocks (except gold). For most of this bear market, we will stay on the sidelines, until I have evidence the bear market has ended.
Nobody knows how low this bear market will go, but I see it as the great adventure of the next few years. It’s been many generations since Americans have seen hard times. I rest on the old axiom “prepare for the worst, and hope for best.”
Russell also warned that countries were preparing for a massive global collapse:
Richard Russell: “The word out of China is that China is selling massive quantities of US Treasury bonds. At the same time China has been a huge buyer of gold. My thought is that China wants to back the yuan with gold and thus the yuan will be the world’s only gold-backed currency.
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