Doug Casey’s Take, Released on 8/18/23

Articles Discussed today:

Complex systems won’t survive the competence crisis: https://www.sott.net/article/481209-C…

This Day in History [00:01:17]
Doug discusses the significance of Madonna’s birth and her success as a self-made artist.

19th Amendment Ratification [00:02:38]
Doug and the Assistant discuss the ratification of the 19th amendment allowing women to vote and share their opinions on women voting.

Changing Standards for Voting Eligibility [00:09:03]
Doug and the Assistant discuss the lowering of voting age and the potential implications of allowing younger individuals to vote.

Voting and the Argentinian Presidential Candidate [00:12:26]
Discussion on the recent Argentinian presidential candidate and the shock of his win in the primary elections.

The Radical Views of the Argentinian Presidential Candidate [00:13:36]
Exploration of the candidate’s views and the media’s portrayal of him as a right-wing extremist.

Concerns about the Adoption and Gender Modification of Children in Hollywood [00:21:44]
Discussion on the adoption of children from other races and the modification of their gender, with a focus on Charlize Theron’s adopted son.

The Competence Crisis [00:30:40]
Discussion on the shift from objective meritocracy to softer criteria in education and employment, leading to a competence crisis.

The Importance of Competency in Complex Systems [00:32:53]
Exploration of how the lack of competent individuals in complex systems can lead to disasters and collapses.

The Growing Influence of Government [00:39:08]
Analysis of the increasing influence of government and its impact on various aspects of society, including education and taxation.

The significance of housing prices and inflation [00:40:21]
Discussion on the impossibility of buying a house due to high housing prices and inflation eroding savings.

The changing nature of debt and its impact on individuals [00:44:51]
Exploration of the different types of debt, such as productive debt and consumption debt, and how it affects people’s standard of living.

The distorted time preferences and entitlement mentality [00:50:57]
Analysis of Americans’ distorted time preferences and entitlement mentality, leading to excessive consumer debt and a lack of understanding of its true cost.

Join our email list to get Special reports and updates: https://dougcasey.substack.com/about

Connect with us on Telegram: https://t.me/dougcasey

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, the top-selling investing book of all time, Totally Incorrect, and Right on the Money. His latest novel is Assassin. He also published a video podcast called Doug Casey’s Take.