Richard Russell – I Pray China’s Bear Market Does Not Engulf The World As People Panic Into Hard Assets
Tuesday, July 14, 2015 at 10:25PM
Silver Prices

Richard Russell

As people continue to digest breaking news out of Greece and around the world, the Godfather of newsletter writers, 90-year-old Richard Russell, warned that as people continue to panic into hard assets, he prays that China's vicious bear market does no engulf the world.

Richard Russell: "There is a preliminary deal in Greece, and it looks as though there will be no exit from the Eurozone. Far more important, but receiving less publicity, is the stock market crash in China. My belief is that if China catches a cold, the world will suffer from pneumonia.

Panic Into Hard Assets As The Death Of Fiat Money Looms

I believe we are seeing the ultimate death of fiat money. In the ashes of dying fiat money, real constitutional money will emerge. Silver and gold have outlasted every fiat currency in history. As the world’s fiat currencies lose purchasing power,

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