Richard Russell – US Ponzi Collapse & A New Monetary System
September 24, 2013
In the aftermath of last week’s chaotic trading in global markets, today the Godfather of newsletter writers, Richard Russell, warned about the coming U.S. Ponzi scheme collapse, and how this will usher in a new monetary system. Russell also discussed how this will impact global debt and hard assets such as gold, silver, gems, etc.
Richard Russell: “Last week saw the D-J Industrial Average and the D-J Transportation Average hit joint new highs. Ordinarily, that action should present a valid signal for further highs. Only two items give me pause. The first is the advance-decline line for the NYSE. The chart below shows this A-D line running into resistance at a triple-top delineated by the horizontal blue line, which I have drawn in on the chart.