kingworldnews.com / May 19, 2014
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Today
KWN is publishing another important piece that was written by a 60-year
market veteran. At nearly 90 years old, the Godfather of newsletter
writers, Richard Russell, warns that we will see blood in the streets as
Americans revolt because of skyrocketing food prices. Russell also
discusses the missing U.S. gold hoard and more.
Russell: “Headline
in today’s WSJ: “Lackluster Earnings Leave Stocks on Thin Ice.” The
article continues — “Investors had expected results to improve in the
second quarter. Analysts are forecasting a 6% profit gain. Yet of
companies offering guidance, 72% have warned that second quarter results
could fall short of Wall Street’s expectations, which isn’t great but
is better than the 80% level of the past three quarters.”
People are
frightened, and they are ready to believe that a catastrophe lies just
around the corner. They are pulling their hair out trying to find some
way of creating income. In their frantic search for income, people are
ready to believe any hare-brained scheme that promises them profits and
income.
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