Richard Russell’s Ominous Warnings About The Future And The U.S. Ticking Time Bomb

from King World News

The Godfather of newsletter writers, Richard Russell, had some ominous warnings at the end of last year. This is part of a weekly series KWN is running from the legendary financial writer.

Richard Russell: “Normally, free markets allocate capital very efficiently. But the Federal Reserve has taken over the free market and as a result, money has gone mostly to the upper 1%. One of the results is that savers are unable to get satisfactory returns on their money.

In desperation, Americans have turned to junk bonds as a source of income. Long-term Treasury bonds sell at fantastic prices and provide yields in the 2-3 % range.

Continue Reading at…