Doug Casey’s Take, Released on 7/1/26

Doug and Matt discuss rising geopolitical risk around the Strait of Hormuz and argue oil has established a higher base price ($65–$70+), making them bullish on undervalued, high-dividend oil stocks despite investor enthusiasm for tech. They criticize Trump’s handling of Middle East policy, his influence on oil markets, and describe him as erratic, self-promoting, and engaged in “grift,” citing reported crypto revenues and various self-aggrandizing projects and controversies, including disputes involving the Reflecting Pool, passports, and comments about Italy’s leader Meloni. The conversation turns to political radicalization on both left and right, with concerns about hard-left candidates, institutional degradation, executive power precedents, and the monetary system’s role in a K-shaped economy amid surging M2. They also discuss Buttigieg’s CPS incident, upcoming Supreme Court discussion, reading habits, and promote the Crisis Investing newsletter.

00:00 Hormuz Oil Shock
01:05 Why Oil Stocks Cheap
03:40 Trump Unpredictable
05:41 Crypto Grift Talk
08:51 Reflecting Pool Fixation
11:34 G7 Meloni Insult
13:44 Rise of Radicals
19:19 Money Supply Root Cause
23:27 Buttigieg CPS Story
29:11 Parties Splintering
34:42 News Fatigue Books
36:14 Crisis Investing Pitch
37:21 Wrap Up Next Episode

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. He has authored multiple books, including Crisis Investing, the top-selling investing book of all time, Totally Incorrect, Right on the Money and The Preparation. He also publishes a video podcast called Doug Casey’s Take and publishes articles at International Man.

Matt Smith is Founder of Royalty Exchange, a jobs portal in the late 1990’s, an ad agency, a marketing analytics business, and several niche publishing companies. He is now a cattle rancher in Uruguay and co-hosts the YouTube show Doug Casey’s Take.

  iran war, oil, Trump