Dow Theorist Richard Russell: Sell Everything Liquid You Won't Recognize America By The End Of The Year

This isn't the only guy saying its all going down. I've been reading it for months from other financial folks.

The reason. The markets are propped up with phony bailout money. The fed has propped up the markets the last year and a half with their phony loans at near 0 interest to their insider big bankster buddies. The whole market is a sham now. And the stupid peasants to date have bought into it. Amazing.

This isn't the only guy saying its all going down. I've been reading it for months from other financial folks.

The reason. The markets are propped up with phony bailout money. The fed has propped up the markets the last year and a half with their phony loans at near 0 interest to their insider big bankster buddies. The whole market is a sham now. And the stupid peasants to date have bought into it. Amazing.

Yet another doom-monger with a $300/year newsletter to sell.

You have time until October 18 2010...After that day, the dollar is over.

This isn't the only guy saying its all going down. I've been reading it for months from other financial folks.

The reason. The markets are propped up with phony bailout money. The fed has propped up the markets the last year and a half with their phony loans at near 0 interest to their insider big bankster buddies. The whole market is a sham now. And the stupid peasants to date have bought into it. Amazing.

His message is for investors, not every day citizens that are living paycheck to paycheck. He is talking about preserving wealth. I agree with his deflation outlook.

During deflation, everything fall at the same time.

Yet another doom-monger with a $300/year newsletter to sell.


+1

Cash or gold..? The bankers control both. Don't you think they plan on pulling the plug on those too..?

You have time until October 18 2010...After that day, the dollar is over.


why that date?

In order of priority:

Preps (food, water filters, tarps, tools, etc.)
Ammo
Little bit of cash
enough silver to bribe your way out of the country


I have a little bit of silver (what, like 5 ounces LOL), so it's not enough to get out of the country - besides, I don't think most of Mexico is going to be much better off, and Canada is too cold in the winter!

Richard Russell has a GREAT track record.

For those of you unfamiliar with him he is NOT a short term trader. He is a LONG TERM INVESTOR type of advisor who's newsletter has only been concerned with market moves that will last 6 months to 4-8 years.

Some of the most successful long term investors that I know have followed his big picture recommendations for 40 years now ... and by following him they have managed to sidestep every one of the major bear markets that have occured over that period of time (which REALLY helps your wealth grow ... catch the upwave while avoiding most of the downwave).

This is a BIGGIE for him to be so outspoken. Normally he is a pretty matter of fact type not used to using strong language at all.

Old Trader

"Dow Theorist Richard Russell" - LOL

You know what they say about Theorists and Professors. They have those jobs because they couldnt make it in the real world.

If you concentrate only in liquid assets imo you are screwed


You are right, going liquid in this day and age means going into fiat. It's a strange thing for him to tell us to do... because with the amount of money floating in stasis out there, if the velocity of said fiat increases with the interest rates then your liquidity will begin to lose value very, very quickly. So for him not to say that that money should be dropped into commodities (even if just gold and silver) is absurd which makes me question his entire premise to begin with.

And get out of debt? Why? If the system comes completely off the hinges then what does it matter if you owe money or not? Things would become increasingly difficult for everyone and that means more folks defaulting (or going outright bankruptcy) - so much so that the already overwhelmed system would be even more overwhelmed. Eventually someone would have to push the reset button (admitedly, not that easy to do.)

So I will take this article with a grain or two... I know the system is unstable globally, to the point that it is teetering over the edge now, but I don't buy that the stock market has anything realistic to ascribe to the national economy anymore, it's completely disassociated itself from the main economy awhile back and should not (and cannot) be used as a gauge for economic activity on the realistic level.