Richard Russell – The Greatest And Most Destructive Of All Bear Markets Is Coming, Gold, The Great Unwind And A Critical Lesson
KingWorldNews.com
June 23, 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 greatest and most destructive of all bear markets is coming, and he also discussed gold, the great unwind and a lesson from Genesis.
The Great Ron Paul Always Tells It Like It Is
Richard Russell: “Twelve-term congressman Ron Paul tells this story: “I once rode alongside President Reagan on his helicopter, and the subject of what was happening to our money came up. ‘Ron,’ the president told me, ‘No great nation that abandoned the gold standard has remained a great nation.'”
Ron Paul also talked about a conversation with Alan Greenspan. “He told me he still stands by his original thesis, which was published decades ago. He wrote, ‘In the absence of the gold standard, there is no way to protect savings, and confiscation through inflation. There is no safe store of value.'”
Today, with the US having left the gold standard, the Federal Reserve is attempting to print us back to prosperity. As trillions of new fiat dollars are created, the purchasing power of the dollar is being destroyed.
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