Stansberry Research, Released on 11/15/21

We’ve entered upon something I’ve called “The Greater Depression,” where inflation will get much worse, says Doug Casey, New York Times best-selling author and host of the Doug Casey’s Take podcast. The value of the dollar and other currencies are being actively destroyed, he tells our Daniela Cambone, at the fault of governments and central banks.

“The stock market is at an all time high, it’s in a bubble,” and the, “bond market is in a hyper-bubble,” Casey explains as he shares why he is not participating in market action. “I think gold is going higher because it’s the only financial asset that isn’t simultaneously somebody else’s liability,” explaining that he sees a lot of upside in gold mining stocks relative to market value.

Casey predicts that the Chinese Yuan will be redeemable at some level with gold, “in an effort to make the Yuan the world’s international currency.” The attempt to make the dollar digital is a disaster from an economic and personal freedom point-of-view, but it is underway, he concludes.

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.

  financial collapse, financial system, gold, inflation