Liberty and Finance, Released on 6/24/21
“The International Man” and “Legendary Speculator” Doug Casey expects a bubble in silver, pushing it as high as $200. Doug also shares insight into speculating in these uncertain times and how to prepare for the “Greater Depression” ahead.
0:00 Intro
1:30 Becoming international
6:50 Moving money
12:15 What made America unique
14:24 $200 silver?
18:29 “The Greater Depression”
22:21 Becoming a speculator
25:58 Timing of collapse
30:03 Natural Resource Symposium
Doug Casey is an American-born libertarian economist and advocate of the free market. He is a bestselling financial author, international investor, entrepreneur, and the founder and chairman of Casey Research, a provider of subscription financial analysis about specific market verticals including natural resources/metals/mining, energy, commodities, and technology. Since 1979 he has written or co-written the monthly metals-and-mining-focused investment newsletter The International Speculator. He has authored four books, including Crisis Investing
$200 Silver & “Speculative Bubble” | Doug Casey added by Herman James on
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I’d like to make a few points regarding the interview as I’ve noticed that some of the opinions being espoused may perhaps no longer cut the mustard, or even seem a little contradictory, if you get my gist. But first let me say that in my opinion Doug Casey has been the smartest guy in the room for multiple decades regarding the subjects he opines on. No doubt, hands down & without question. However, with that said it seems that father time is catching up and his tenure at the top of the heap is over. But it’s been a great run. Congratulations.
Dunagun Kaiser’s deserves a hat tip for the straightforward questions he and his listeners provided. Good job Dunagun & your viewers.
At the 6:50 and 7:40 mark, and once again at the 9:53 mark, Dunagun asks Doug the question about how to move your money to the country you want to relocated to, which Doug always recommends fervently. Fairly straight forward question. Doug suggests the multi flag principle, suggesting you do things in multiple countries. OK fine, I get it. But later in the interview at 13:25 he states (as he has many many times in the past) that EVERY country in the world is at least as bad as the US and there’s no other place to go to. Hmm, I’m confused. I’m supposed to have a business in one country, my money in another, my residence in another and so on & so forth when all these other countries are at least as bad as the US and most a lot worse (once again, as Doug has stated numerous times before).
At the 25:58 mark one of Dunagun’s viewers asks Doug about the timing of the depression and why it’s taking so long to arrive, and could Doug have been wrong on his prediction. Excellent question. Doug goes in to a 4 minute dissertation that sounds eerily like a politician’s response to a difficult question. Instead of admitting that his prediction timing was off by a country mile he goes on and states that he was in fact correct! Hmmm…
Well I’ve got news for you Doug, you were, in fact correct, but in a different way. The depression you predicted for many many years now did in fact hit in 2008 (personally I think it began well before even then) and has been ongoing & getting steadily worse, and will continue to get steadily worse as we grind lower & lower on the economic scale. We’re locked into this hurricane and we aint agonna get out anytime soon. So you shouldn’t feel too bad. Good call !
Great comment, Bobby. Thanks for sharing your insights.