Today the Godfather of newsletter writers, 90-year old Richard Russell, condemned the endless propaganda coming out of the United States and the Federal Reserve, and also warned about this bear market will be about the end of fiat money. The 60-year market veteran also covered gold, silver, stocks, China, the U.S. dollar and more.
Russell: “I suspect that we’ve been hearing an awful lot of propaganda from the Fed and the government regarding our “improving” economy. I think it’s nonsense and propaganda by the government to convince voters that the Fed and the government are doing a great job and promoting prosperity.
I happen to agree with economists John Williams and Gary Shilling that we’re still embedded in the “Great Recession.”
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