At 90 years old and still going strong, the Godfather of newsletter writers, Richard Russell, warned about the continued lies emanating from the U.S. government as we enter a historic inflection point where “all hell will break loose.”  The 60-year market veteran also discussed Putin, China, Ukraine, gold, markets, and war.

Russell: “In the Ukraine, ex-KGB operator Putin is playing his game of “who will blink first.” My inner voice tells me that there will be no war in the Ukraine. Putin knows that the most expensive thing that a nation can do is fight a war. And Putin may be a closet economist. I’m a war-hater, so I fervently hope that the Ukraine confrontation can be settled without a shooting (boots on the ground) war. War is extremely expensive, and Putin is obviously aware of that fact. So I’m assuming that Putin and his wealthy buddies are pushing the pressure-pincher as far as it will go — just short of war.

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