The Financial Repression Authority™ Special Guest: Doug Casey is the founder and chairman of Casey Research. He has been a featured guest on hundreds of radio and TV shows, including David Letterman, Merv Griffin, Charlie Rose, Phil Donahue, Regis Philbin, Maury Povich, NBC News, and CNN; has been the topic of numerous features in periodicals such as Time, Forbes, People, and the Washington Post; and is a regular keynote speaker at FreedomFest, the world's largest gathering of free minds.
Best-selling author, world-renowned speculator, and libertarian philosopher. Doug is widely respected as one of the preeminent authorities on "rational speculation," especially in the high-potential natural resource sector. Doug literally wrote the book on profiting from periods of economic turmoil: his book Crisis Investing spent multiple weeks as #1 on the New York Times bestseller list and became the best-selling financial book of 1980 with 438,640 copies sold; surpassing big-caliber names, like Free to Choose by Milton Friedman, The Real War by Richard Nixon, and Cosmos by Carl Sagan. Then Doug broke the record with his next book, Strategic Investing, by receiving the largest advance ever paid for a financial book at the time. Interestingly enough, Doug's book The International Man was the most sold book in the history of Rhodesia. and his most recent releases Totally Incorrect (2012) and Right on the Money (2013) continue the tradition of challenging statism and advocating liberty and free markets.
PODCAST - AUDIO ONLY - 31 Minutes
Doug Casey has garnered a well-earned reputation for his erudite (and often controversial) insights into politics, economics, and investment markets. He doesn't hold back as he speaks from his ranch in the back provinces of Argentina.
Doug sees the world in the "eye of a gigantic financial hurricane". It entered the hurricane in 2007-2008 and will likely see the next stage in 2015. Here are just some of Doug's views and statements from this fascinating and exclusive interview with Gordon T Long.
Realistically Sees War Ahead
"The US is being provocative with its military bases in 125 countries around the world and is provoking the Russians in the Ukraine." The US is now a country in a continuous state of war. "The US military is out of control."
America Doesn't Exist Anymore
"America has turned into a police state". It is the most dangerous entity in the world today and has become hated globally because of its militarism.
"The Real Risk to Investors is 'Political'"
US Investors must urgently diversify their assets abroad while it is still possible. More restrictive regulatory policies lie ahead.
US Standard of Living & Respect in The World has Fallen
Today the US is more taxed and regulated than ever before, which limits its abilities to solve problems.
"Modern Currencies are Floating Abstractions"
Developed economies' currencies "are turning into toilet paper".
"Japan is a Giant Accident Waiting to Happen"
"If you are looking for a one way street, perhaps the best speculation in the world today would to be short Japanese government bonds denominated in Yen". The demographics in Japan are the worst in the world.
"The EU will Cease to Exist"
Its really a horrible conglomeration of countries which should be simply a free trade area with the government in Brussels making it impossible. It is totally dysfunctional and will breakup.
Recommendations
- "Hold onto your hat" - Things are going to get real interesting starting in 2015,
- Doug sees turmoil coming which we haven't seen since the start of the Industrial Revolution or the French Revolution,
- Hold gold and silver. Some should be in coins in your possession.