Doug Casey’s Take, Released on 4/16/23

00:00 Intro
Couple’s Debt [00:00:31]
A couple with high incomes and advanced degrees are in significant debt, including $335,000 in student loans, $136,000 in credit card debt, and $44,000 in personal loans.

Living Above Means [00:06:52]
Matt and Doug Casey discuss how many Americans are living above their means, with the average price of a new car being $46,000 and people financing them for seven years.

The history of consumer loans [00:09:42]
Doug Casey discusses the history of consumer loans and how they have contributed to the current debt crisis.

The impact of credit on inflation [00:12:27]
The speakers discuss how the availability of credit has driven up the cost of consumer goods and contributed to inflation.

The cost of homelessness [00:17:09]
The cost of supporting homeless individuals is discussed, with estimates ranging from $80,000 to $106,000 per person per year.

Avoiding College [00:19:33]
Doug Casey advises against going to college and suggests alternative ways to spend four years productively.

Savings and Debt [00:23:07]
The speakers discuss the importance of avoiding debt and being an aggressive saver, despite the challenges of inflationary society.

Taking on Debt as a Speculation [00:27:30]
Doug Casey shares his experience of taking on a mortgage as a speculative strategy, but warns that it should only be done with caution and when one has the cash to back it up.

Entrepreneurship [00:30:25]
The benefits of becoming an entrepreneur and the infinite demand for goods and services.

Free Private Cities [00:32:18]
The free private city movement and a brief history of the Republic of Minerva.

Doug’s Advice to men in their 40’s [00:41:44]
Doug Casey advises to do things and avoid laziness or fear to avoid regrets in old age.

Importance of doing, having, and being [00:45:44]
Doug Casey emphasizes the importance of doing things to become something, which helps in having things and ultimately being something.

St. Kitts as a bug out location [00:48:05]
Doug Casey shares his opinion on St. Kitts as a bug out location, stating that there may be better options available.

The Fed buying stocks [00:50:07]
Discussion on whether the Fed will buy US stocks to boost the stock market, citing examples from other countries.

Cornering the silver market [00:52:10]
Discussion on whether it’s possible to corner the silver market, with a reference to the Hunt brothers’ failed attempt in the past.

Religion and woke culture [00:59:00]
Discussion on the decline of religion in the US and Europe, and the rise of woke culture as a new religion.

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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.

  debt crisis, economic collapse, inflation, money printing