With continued chaos around the world 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, discusses hyperinflation, default, Bitcoin, gold and China.  Below is Russell’s tremendous piece.

Richard Russell:  “Today the US debt is $16.7 trillion.  The entire Gross Domestic Product of the US is $15.68 trillion.  This means that the debt to GDP ratio is over 105%.  History shows that a debt to GDP ratio of over 100% is dangerous.  With the debt now growing exponentially, we face a situation of inflation, hyperinflation or bankruptcy. 

On another subject, we hear that the hedge fund industry has not kept up with the markets.

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