Doug Casey: We’re Entering ‘Greater Depression’: Brace For War, Sovereign Defaults

The David Lin Report, Released on 4/29/24

Doug Casey, best-selling author, discusses what is going to be a “Greater Depression”, where lower living standards will affect the populace.

0:00 – Intro
2:20 – Global economic growth
7:50 – Fighting hyperinflation
10:55 – Dollarization in Argentina
15:45 – Capital gains taxes
18:05 – Global debt problem
20:00 – Trigger for next Great Depression
24:50 – Speculating in gold
29:20 – Mining stocks
38:39 – Interest rates and bonds
43:00 – Passport portfolio
45:00 – Post-secondary education
48:22 – Doug Casey’s work

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.

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Brian DeLuca Jr

“. . .half the Argentinian population is living in poverty and J. Milei is turning it around.’

Huh. Stupid me. Here I thought Dougie was a libertarian. Newsflash Doug, no government anywhere in the history of the world is responsible for so-called “creating prosperity.” That credit goes 100% to the “butcher, the baker, and the candlestick maker.” In other words prosperity happens only within the marketplace, especially one operating in a free market.

I will give credit to Milei for removing the heavy hand of the hated State from the Argentine economy, for sure, if he can pull it off. And that’s to be determined. At least he’s seems to be off to a good start.