Richard Russell is the most successful of all financial newsletter editors. He has been at it for well over 50 years. His Dow Theory Letter is a classic.
In a recent interview, he warned that the decision of the Federal Reserve and Europe’s central bank to inflate in order to save the stock markets in a de-leveraging economic system will kill the bond markets.
He is convinced that central banks must inflate or die. So, they will inflate. But the next wave of inflation will dwarf what has preceded it. He said:
Along with rising inflation will be its cousin, higher interest rates. This will impact everything from commodity prices to the rising cost of financing the federal debt. Right now the federal debt is being rolled over at extremely low interest rates, but as rates climb, compounding will occur and the cost of rolling over the federal debt will become a critical problem.
He pointed out that 40% if the federal debt matures in less than a year. The borrowing costs will be prohibitive.
He says that the federal debt is a bubble market.
The first bubble to be crushed will be the ridiculous federal debt. The second crushed will be the US dollar. The compounding federal debt will act as a steam roller, rolling everything in its path. The island of safety will be pure wealth, better known as gold.
This is choice: “Just as compounding turned rising money supply into fortunes, compounding the rising interest rates will turn fortunes into shoestrings.”
Russell has seen a great deal over the past half century. His assessment should be taken seriously.
Luke 10:18And he said unto them, I beheld Satan as lightning fall from heaven.
In ancient Hebrew the word for lightning is barack, the word for heaven or the
heights is bama and to connect the words either an “a” or an “o” is used.
2 Thessalonians 2:3 (King James Version)
3Let no man deceive you by any means: for that day shall not come, except there
come a falling away first, and that man of sin be revealed, the son of perdition;
Political Correctness a term first seen in Mao’s Little Red Book, a communist engendered abomination that is instituting censorship little by little.
“If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter.”- George Washington
Carl Marx, once wrote that, the goal of the Communists was to quote,. “enter into men’s minds and cast God down from his throne.”
Matthew 12:31Wherefore I say unto you, All manner of sin and blasphemy shall be forgiven unto men: but the blasphemy against the Holy Ghost shall not be forgiven unto men.
In ancient Babylon their economy was based on usury.
“If you lend money to one of my people among you who is needy, do not be like a moneylender; charge him no interest. Exodus 22:25
Hath given forth upon usury, and hath taken increase: shall he then live? he shall not live: he hath done all these abominations; he shall surely die; his blood shall be upon him. Ezekiel 18:13
Usury is unlawful; expressly prohibited by GOD!
Article 1 Section 8 of the U.S. Constitution clearly states that only the Congress can print and coin money!
The Federal Reserve Act of 1913 was slipped thru congress during the Christmas break with the majority of it’s members absent.
The Federal Reserve is self serving and privately owned in violation to the Constitution, charging interest on illegally printed money. Money printed from nothing!
In America On June 4, 1963, a virtually unknown Presidential decree, Executive Order 11110, was signed with the authority to basically strip the Federal Reserve Bank of its power to loan money to the United States Federal Government at interest. With the stroke of a pen, President Kennedy declared that the privately owned Federal Reserve Bank would soon be out of business. Five months later A UNITED STATES PRESIDENT, PRESIDENT JOHN F. KENNEDY was MURDERED BY COMMUNIST!
“If you lend money to one of my people among you who is needy, do not be like a moneylender; charge him no interest. Exodus 22:25
Hath given forth upon usury, and hath taken increase: shall he then live? he shall not live: he hath done all these abominations; he shall surely die; his blood shall be upon him. Ezekiel 18:13
Usury is unlawful; expressly prohibited by GOD!
In ancient Babylon their priest sacrificed babies to their gods baal, and molech.
In America the communist under their socialist programs have sacrificed over 50 million American babies to their god satan!
Leviticus 20:2-5
2Again, thou shalt say to the children of Israel , Whosoever he be of the children of Israel , or of the strangers that sojourn in Israel , that giveth any of his seed unto Molech; he shall surely be put to death: the people of the land shall stone him with stones.
3And I will set my face against that man, and will cut him off from among his people; because he hath given of his seed unto Molech, to defile my sanctuary, and to profane my holy name.
4And if the people of the land do any ways hide their eyes from the man, when he giveth of his seed unto Molech, and kill him not:
5Then I will set my face against that man, and against his family, and will cut him off, and all that go a whoring after him, to commit whoredom with Molech, from among their people.
Luke 22:35-36 Then Jesus asked them, “When I sent you without purse, bag or sandals, did you lack anything?” “Nothing,” they answered. 36 He said to them, “But now if you have a purse, take it, and also a bag; and if you don’t have a sword, sell your cloak and buy one.
Jeremiah 50:16Cut off the sower from Babylon, and him that handleth the SICKLE in the time of harvest: for fear of the oppressing sword they shall turn every one to his people, and they shall flee every one to his own land.
Jeremiah 50:23How is the HAMMER OF THE WHOLE EARTH CUT ASUNDER AND BROKEN! how is Babylon become a desolation among the nations!
BABYLON = the HAMMER and SICKLE!
Jeremiah 50:14 “ Put yourselves in array against Babylon all around, All you who bend the bow; Shoot at her, spare no arrows, For she has sinned against the LORD.
All nations compassed me about: but in the name of the LORD will I destroy them. Psalm 118:10
“The thing that separates the American Christian from every other person on earth is the fact that he would rather die on his feet, than live on his knees!”. George Washington
“NO KING BUT KING JESUS!”
Gold is NOT A SAFE INVESTMENT! The Government will simply confiscate from you, just like they did once before (during the Great Depression), and give you nothing for it!
Ezekiel 7:19 (KJV) – They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the Lord: they shall not satisfy their souls, neither fill their bowels: because it is the stumbling block of their iniquity.
The only safe investment is to OWN farm land!