Collapse To Be Brutal As US Lies To Its People: Richard Russell

With continued chaos and uncertainty in global markets, today KWN is publishing an incredibly powerful piece that was written by a 60-year market veteran.  The Godfather of newsletter writers, Richard Russell, is warning that the coming collapse will be brutal, and he also accused the US government and the Fed of lying to US citizens.

Russell: “Old timers remember the terrible Dust Bowl of the 1930s.  Now we have the “Dry Bowl” of the 2000s.  The West is now suffering from the longest period of no rain and aridity in memory.  It’s going to drive up the price of all agriculturals.  For years I’ve been telling fellow San Diegans to plant cacti instead of grass.  These people used to laugh at me.  They no longer laugh.

Since infancy I’ve always been ultra-sensitive to danger.  For this reason I have never been caught in a primary bear market — my sensitivity to impending danger (and Dow Theory) has always saved me and my subscribers.  But this time my unconscious fear is unrelenting, and it won’t leave me alone.