Richard Russell – Prepare For Something Worse Than 1929 – 1932 … Will The U.S. Seize People’s Gold?
KingWorldNews.com
April 27, 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 people to prepare for something worse than the global collapse of 1929 – 1932. Russell also answered the question: Will the U.S. seize people’s gold?
Richard Russell: “Subscribers may remember that I thought the stock market would have a melt-up before it settled into a destructive bear market. It occurs to me that the chances of a melt-up are diminishing because the market is losing its upside momentum.
Prepare For Something Worse Than 1929 – 1932
My thinking is that the market is preparing for one of the worst bear markets in history, one that will out do the 1929-32 affair. My old friend, Robert Prechter, of Elliot Wave fame, believes the Dow will go below 400. If this happens I think there will be doubts about whether the US can survive.
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