I don’t know whether Richard Russell is a contrarian indicator or a prophet. I used to pay for his daily newsletter. I enjoyed reading his ramblings. In late 2007 he advised his readers to go all in on stocks. I thought he was nuts and cancelled my subscription. We know what happened next. In my opinion, his credibility was shot. Now he is advising people to go into stocks to benefit from the coming hyperinflation. I think I’ll ignore his advice once again.
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 now warning that the world is going to witness a terrifying hyperinflation. He also discussed how this hyperinflation will impact major global markets, including stocks, gold, silver and other hard assets.
“I believe all primary trends run to conclusion. All primary trends end in exhaustion and extremes in blue chip prices. The primary bear market that started in 2008 was never allowed to run its full course to completion. At the 2009 low, the market was severely oversold and in need of a “rest.” At that same time a terrified Federal Reserve stepped in with massive infusions of liquidity, thereby giving impetus to the upward correction that had started in the stock market. I believe the Fed’s machinations will set off hyperinflation somewhere during the next two to four years. I believe hyperinflation will be followed by a continuation of the primary bear market.”
Read the rest of the article at King World News.
No shit, if the market skyrockets in worthless dollars, why would you want more worthless dollars.
Before a new financial system and currency rise from the coming ashes, there will
BARTER…. anything that’s consumed will have value.. cigarettes and airline booze
would be great investments, food , silver , gold , fuel, antobiotics, water, duct tape,
the list is endless. Menards will be closed, supermarkets will be empty.
PM will rise again, just nor right away,…. all of recorded history cant be wrong.
I think Richard has been taking the wrong alzheimers meds for a long time. Maybe I should start a fee based newsletter with my ramblings and future predictions.
Read the article title and read no further. When the dust settles America will be begging for hyperinflation! Russell is correct on the skyrocketing of gold and silver, however it will have nothing to do whatsoever with inflation/deflation.
Some years ago I quit trying to be my own mutual fund manager, stock picker, precious metals investor, and investment guru. I became a Scott Burns and Bill Bernstein convert. Since then it’s been up, up, up for my portfolio.
Bernstein says that stocks do well in inflationary times. He backs up that assertion with research. Like a fool, or I think not, I believe in Bill.
If you wonder where to put your savings for the future, consider reading Bill Bernstein’s “The Investor’s Manifesto.” Who knows, he may be right, he may be wrong. But, at least, Bernstein has some well supported ides that may be worth considering.
Everyone’s been howling about The End of Days for months, if not years… I’m getting burned out on doom…
I’m just gonna keep plugging away, socking away my preps… if it happens, fine. If not, even better.
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Reading articles like this one by Russell reminds me of this particular clip…
“In about 3 seconds, I’m gonna scream like a little girl..”
http://www.youtube.com/watch?v=FUJOsZdpUrM
Billy says: Everyone’s been howling about The End of Days for months, if not years… I’m getting burned out on doom…I’m just gonna keep plugging away, socking away my preps… if it happens, fine. If not, even better.
@Billy
I feel the same way, I have made prepping a way of life. The system is failing, it’s just a matter of time, and yes it could be a number of years before it breaks but I look for it before Obama is out of office. Why do I say that? Glad you asked. Because I believe a major war is the next Big event on the horizon. Russia and China view Obama as a pathetically weak imbecile, neither feared nor respected on the world stage. Obama views Obama as the all knowing center of the universe. That combination is a combustible mix that is more than likely to set off an explosion of Biblical proportion. Obama’s signature piece of legislation “Obamacare” is an absolute failure. Obama’s an egotistical narcissist in search of a legacy, that makes him very dangerous. I said all that to say this, I look for Nukes to fly before dollars fall.
Fourth Turnings are bloody, yes the economies fail but it’s the wars and blood shed that imprint history. Prepare accordingly.
I agree Billy, a economic collapse is not something I look forward to at all. On Lew Rockwell this morning there’s a link on how to defend your property from looters. I know you were in the military and this is second nature to you, but for fucks sake, who wants that? The doom and gloom is wearing me out.
I believe it is coming, in one form or another I know it’s unavoidable and the longer it takes to get here, the worse it will be.
So to me prepping is what people did anyway, before refrigeration, before grocery stores, before prepackaged convenience foods full of who knows what.
I’m learning things, how to forage and identify plants for food or medicine, and when is the best time to eat them or dry them for later use. To find common weeds and make tea, to make a snare, to use a slingshot, hunt with a simple bow, fish without a fishing pole. Next up is wine, brewing beer and maybe making whiskey, I can live without beer or wine, but I gotta have whiskey.
We can prepare for hurricanes, hard times, snowstorms, &tc. We cannot prepare for total economic collapse.
We had better prepare for total economic collapse.
sensetti
I value the input from others that I consider intelligent, which is about 2/3rds of the folks here on TBP. Just to be clear, that includes you, too.
Out of curiosity, have you ever read One Second After?
See the big problem is that when you go to war, at least for conquest or resources, is that you want your enemy gone, but the infrastructure intact. Up until now, we’ve had the neutron bomb, but that has a very localized effect.
If a hostile nation with nuclear capabilities really wanted to fuck us with a minimum of effort and leave our infrastructure intact for later use – by THEM – then they’d hit us with a bunch of EMP’s. It wouldn’t have to be anything exotic – some fairly big Cold War era warheads on rockets big enough to break atmosphere and then they could biff them wherever they wished. Our grid is shaky enough as it is and if we were hit with several EMP’s at once, we’d be blown clear back to the High Middle Ages.
Then, all the bad guys would have to do is sit back and wait. We’d tear ourselves to pieces fighting over scraps, dying off from whatever bugs are being spread throughout the population and starving to death… in a year, there’d be a handful of us left and we’d be too weak to resist anyone who rolled in here with any strength… easy peasy japanesey, and the bad guys don’t have to deal with irradiated zones.
Shit, it doesn’t have to even be a nuke-capable hostile nation… there’s plenty enough nations out there who hate our guts for one reason or another, and to them, one reason is as good as the next. The tech isn’t exactly cutting edge, either. It’s been around since the 1940’s and if you don’t mind being flagged by the NSA, you can look up how to build one on the Internet…
I’m thinking that there’s gonna be an implosion of the dollar, followed by hyperinflation, followed by the chaos that results from such things and then, when nobody’s looking, we’re gonna get hit with multiple EMP’s. For an opponent with limited resources, that would make the most sense and get the most effect out of their efforts…
It would take years for us to get back to where we are right now, and that’s just talking about the infrastructure… if a situation like that DID happen, you’d have hundreds, if not thousands, of little fiefdoms spring up all over the US, with local strongmen in charge of each one, jealously guarding what they have and making war on their neighbors for what they don’t… and each one would have to be dealt with…
What is clear is that however it does shake out, it’s gonna be very, very ugly and we will never be the same afterwards…
An easy way to figure out what you need for preps is to think what a middle class person had available to him/her back in the 1400’s-1500’s, and then go from there. Some low-tech stuff is still viable, so that made the list too..
On the list of not-so-obvious stuff, for me, was the following… note that I have not procured everything on the list… it is a work in progress…
– beeswax candles (hundreds of them), and the means to make more
– Kerosene hurricane lanterns (the good kind)
– non-electric hand tools of good quality (axes, hammers, hand saws, shovels, pickaxes, mattox, etc)
– hardware (50lb bags of nails, screws, fence staples, wire, etc)
– 55 gallon drum of kerosene (about $300)
– as much diesel as you can stash, plus treatment
– an ethanol still
– Ivory soap – LOTS of it.
– dimensional lumber, if you can afford it
– bags of lime
– bags of elemental sulpher
– standard schoolhouse chalk
– pig lead
– pig iron
You get the idea… if you have a place to put all this stuff, it will keep you going for a very long time. Take the hardware – if you have no nails and have no idea how to make a trennel or even what one is, then the only way to get nails (if there is no supply) is to have a blacksmith make them for you… and how many local blacksmiths are still in business?
Interesting sidenote – you know why nail sizes are referred to as “d”, as in “10d nails”?
Because of the denarius – the old “dollar” of the Roman Empire. A denarius would buy 10 nails of a certain size, or 20 of a smaller size, etc… so nail sizes became to be referred to as “d” and eventually became standardized.
Another interesting sidenote – an apprentice to a blacksmith, when he wasn’t doing anything more important, was busy making nails… hundreds of them. That was the bread and butter of the blacksmith – nails.
Yet another interesting sidenote – square cut nails have 400% more holding power than a standard wire cut nail, no matter the configuration.
(Wood, being a living thing, will change dimensions over time. If it’s green and wet when it’s used, it will shrink quite a bit. If you hammer a nail into green, wet wood (which is how 99.98% of all dimensional wood is sold today- oh, they say it’s fucking ‘kiln dried’ but that’s a load of hooey… go to any Big Box store and get into a pile of 2×4’s… you can FEEL the moisture. When that straight board dries out, it’s gonna look like a banana and be a lot smaller.)… anyways, the hole the nail made increases in size and the nail slips right out… which is why stairs creak like a pirate ship one year after a new house is built…)
Sorry.. I’ve rambled again…
I’m gonna go and start on that list of books in my library for you guys…
Laters…
Billy no I’ve not read the book, will answer post tonight covered up now
Billy says Out of curiosity, have you ever read One Second After? No
Billy I was a pipeline welder in my previous career grew up in that business. I’m pretty good working with metal.
I don’t know if you read any of my previous post where I mentioned I’ve got horses and horse-drawn equipment. I am my own farrier. I’m ready to live off the grid, although I continue to add to my stocks.
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That big white Mare can pull that plow well enough to put in a big garden.
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Billy says “I value the input from others that I consider intelligent, which is about 2/3rds of the folks here on TBP”.
The the other 1/3 is about 2/3 intelligent – for instance bb.
sensetti – Non if the horses shown are draft horsed, the plow is a chisel plow which is lighter than the flip over moldboard plow with seat for rider which is much heavier than your plow. The Mennonites use three Belgium draft horses with a rider flip over moldboard. When they get to the end of the furrow they flip over to the other blade so they are turning the soil over in the same direction. Your chisel plow is not turning the sod under. Depending how soft your soil from organic matter the easier it is to plow. You can plow a garden with your set up but not five acres a day.
sensetti
Now that you mention it, I actually do remember you mentioning something like that… nice work on the plow. +1
My son wants to apprentice with a local blacksmith (we actually have one nearby). He can’t legally get paid, but he’s not there to get paid anyways. Told him that if he shows promise, skill and dedication, I would build him his own shop, with a forge.
By the way, in the library, I’ve got a couple books of instruction on how to build an atmospheric forge. It’s good stuff, and there’s a couple on sand casting as well.. Will include those in the list…
What an idiot. Hyperinflation would devastate stocks, would devastate the economy, and would wipe out the consumer. I don’t think we’ll see hyperinflation. More like a slow, grinding stagflation like Japan has had for 30 years. Eventually it will blow up also, but somehow Japan’s debt is insurmountable, and they still keep on going. It’s mind-boggling how long the charade can go on. I though it would collapse after our debt reached $13 trillion. It’s $17.3 trillion now, and people care less about it than they did at $13 trillion. And it’ll be north of $20 trillion when Obama gets out of office (if he isn’t impeached first, which I hope to God he is). After Hillary, it’ll be $28 trillion. Who cares? Nobody.
Hey LIpoh ,you stupid Injun.Your just above blacks in the scheme of evolution.You should have affirmative action cut into your forehead.See ,you add nothing to this site..Now go piss and moan to someone who cares.
Glad to see the Christian charity just oozing out of btards every pore. What a hypocrite.
I have his attention, tho. He must be remembering to take his Ritalin.
Who are you kidding ?Most of us want make a year in a full economic collapse.Even if you do ,will life be worth living.This nation is going to burn like no other in history.I prep but I am realistic.
You started this ,seems like you were waiting to take your shot.Well.I am still here and until you apologize I’m going to shit on everything you post .
btard – you take a shit on the site every time you post. The above 2 posts are no exception.
I do not give a rat’s ass what the fuck you do. You are a fucking moron.
Too bad your mama swallowed the good stuff, because she sure could have used a better wriggler than the one she got.
Roy totally agree with what you said I am just setting up to plow in a large garden not going to try to plow a field. I have another small turning plow and a harrow, all walk behind. My horses are Missouri foxtrotters they are gaited perfect for packing into the high country. Will cover about 80 miles a day (when in shape). Theses four horses will carry me and my wife back into a remote location should I need to leave my place. I doubt I ever will, I live in BFE now, but I like option.
Billy post your top ten books and I will buy everyone, and thanks. I have a bunch of homesteading books etc etc but always will pick up a few more you can’t have too many.
@ Billy we did sand casting in Ag class back in late 70’s that’s some cool stuff. Made and indian head ash tray for the folks, damn I wonder where that thing got off too? I have not thought of that in years. Yea post those books handy stuff there.
AWD says: I don’t think we’ll see hyperinflation. More like a slow, grinding stagflation like Japan has had for 30 years. Eventually it will blow up also, but somehow Japan’s debt is insurmountable, and they still keep on going.
Absolutely perfect, I totally agree with this analysis. Hyperinflation would not last very long at all and the free shit army would burn the cities to the ground.
This is the reason I believe the next big event will be a war, a major war, the financial situation of the entire world is precarious, riots are breaking out everywhere sooner or later some hot spot is going to invite the attention of two super powers and the situation is going to get out of hand.
Russia is amassing troops on the Ukrainian border at this moment, Syria is literally melting down, there are riots in Venezuela and Thailand. China and Japan could blow up at any moment. Sooner rather than later competing interests are going to clash and when it breaks it’s gonna break bad.
Look at the fourth turnings of the past I believe every one of them, if I remember correctly, are very bloody and usually end in war. Why would this fourth turning the different?
Just fuckin’ great, Sensetti. Using my peeps as a receptacle for your stinking ashes. That’s racist.
Got to attack me and now my mom .You are a low life pos.Remember ..you reap what you sow .No class ,no nothing but mouth .
Sensetti ,just on drudge report that the Russian troops are having war games.Also ,a Russian war ship has docked in Cuba .Interesting times
btard – I bet your pappy wished he had kept it zipped up. How embarrassed he must be. Should have gone with ma palm and her five sisters instead and left his sister alone.
Seriously, btard, someone as stupid as you has to be a result of some deep inbreeding. Hope it is a tendency you haven’t acquired. Not shacked up with your sister are you?
btard – you really are not good at the turn the other cheek stuff, are you?
Matthew 5:39
“But I say to you, Do not resist the one who is evil. But if anyone slaps you on the right cheek, turn to him the other also.”
Proverbs 20:22
Do not say, “I’ll pay you back for this wrong!” Wait for the LORD, and he will avenge you.
Romans 12:19-21
Beloved, never avenge yourselves, but leave it to the wrath of God, for it is written, “Vengeance is mine, I will repay, says the Lord.” To the contrary, “if your enemy is hungry, feed him; if he is thirsty, give him something to drink; for by so doing you will heap burning coals on his head.” Do not be overcome by evil, but overcome evil with good.
btard – be a good little Christian, as you so oft profess to be. You really do not want to be a hypocrite, now do you?
Speaking of dumbass newsletters with nothing useful to say …. why no more Gonzo Lira articles? I loved his stuff. heh heh
llpoh says:
Billy says “I value the input from others that I consider intelligent, which is about 2/3rds of the folks here on TBP”.
The the other 1/3 is about 2/3 intelligent – for instance bb.”
I hope there isn’t going to be a quiz after, this math thing is hard.
LLPOH quoting Scripture?
Hey,dog, I decided to join Stephy the Shepherd who is the reigning underdog on TBP in her campaign to get you past the pearly gates ASAP. No disrespect, bro.
Here’s my rain dance: Die LLPOH, Die (But make sure you complete ALL the items on your bucket list first).
Lipoh ,is full of mouth.I am glad (your people) end up with no land ,no money in a desert shithole. Its what you pagan POS deserve.Now go put on your little pagan clothes and do us a dance .I do turn the other cheek as I did last night but you just keep on .I kicked your ass last night as the white man has through history.Your kind are weak and worthless drunks who are so stupid that they will never contribute anything to society and the only way you got out was affirmative action.Your so fucking stupid you actually think you are going to be. Allow to leave the country but whitey has different plans for you boy.Whitey is going to take every thing you ever worked for.I only wish I could be there to see the look on your fucking face .I would laugh at you like I’m doing now.