I’ve subscribed to Russell for years. He called the big move down.
Take a hard look at the CDOs - especially the ones the FDIC now owns. Look at the projections of federal debt, as provided by the Congressional Budget Office.
His suggestion: cash and gold. I think he’s right.
Cash and gold lose value dependent on things to buy with it and the psychological stature placed on their value.
At this point, forming armed communities with folks you trust and having supplies of food, clean water and fuel and small solar panel charge units will be of most value as well as a way out of urban areas with defensible rural areas mapped out in which to gather! The time was 5 years ago in which to plan but better late than never! The cities in blue states will become nightmares to live in!