Richard Russell - World To Witness A Terrifying Hyperinflation

"With continued chaos 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, is now warning that the world is going to witness a terrifying hyperinflation.  He also discussed how this hyperinflation will impact major global markets, including stocks, gold, silver and other hard assets.

Russell: “I’ve been noting the prices being paid by the wealthy 5% of Americans and by foreigners may be a sign of things (prices) to come.  Is the $19 billion that Facebook paid for What’sApp a hint of future prices?  It occurred to me that the extraordinary prices being paid by today's wealthy could correspond to the hyperinflationary prices that we will see 3-5 years in the future.  Thus I think today's wealthy are establishing the hyperinflationary prices that we may see in all items during the next 3-5 years. 

If this is true, we should see the entire stock market moving higher, as it discounts future hyperinflationary prices.  If hyperinflation is to be our future, the one tangible currency, gold, should be our best protection.  If hyperinflation is in our future, then gold and the stock market should now be discounting it.  The fact that we have not had a 10% correction in the stock market since 2011 speaks of the stubborn bullishness of this stock market. 

If I’m correct in that hyperinflation is in our future, we should shortly see new highs in the various stock market indices and a further parade of record prices for tangibles at auctions and in the news.  Also, if hyperinflation is in our future, then gold and silver are dirt cheap today. 

I dreamed last night ... In my dream I was telling people that the whole stock market will shortly be lifting up from an oversold base.  I was telling people that the prices of everything will be rising until at some point hyperinflation finally takes over.  At that point the trillions of dollars that the Fed has injected into the banking system will suddenly seize the market and all tangibles in its grip.  The price level of everything will levitate to meet the astounding levels that we now see in auction prices and in the news..."

at http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/2/25_Richard_Russell_-_World_To_Witness_A_Terrifying_Hyperinflation.html