‘The Greater Depression Is Coming’: Doug Casey’s Alarming Economic Forecast

Retirement Lifestyle Advocates, Released on 5/18/25

In a gripping conversation with host Dennis Tubbergen, investment maverick Doug Casey delivers a stark warning from Buenos Aires: America stands on the precipice of what he calls “the greater depression” – potentially more devastating than the crash of 1929. Speaking from Argentina, Casey doesn’t mince words about our economic bifurcation, where the wealthy accumulate unprecedented wealth while average citizens struggle under the twin forces of currency inflation and regulatory strangulation. “We’re on the razor’s edge,” Casey cautions, predicting interest rates could skyrocket back to 1980s levels (near 20%), devastating bubble-inflated stocks, bonds, and real estate markets while potentially collapsing a banking system built on these shaky foundations. Despite initial optimism about Trump’s victory and promises of tax cuts and deregulation, Casey believes we’re “approaching noon” rather than experiencing “morning in America,” with time running out for meaningful reform of a government that has “grown like a cancer.” For protection, he advocates physical gold (“the only financial asset that’s not simultaneously somebody else’s liability”), silver, and surprisingly, Bitcoin, while warning listeners not to trust FDIC insurance – “just a sticker principle” with insufficient reserves to handle a systemic crisis in what he describes as an economy floating on “a sea of debt” and a dollar that is merely “the IOU of a bankrupt government.”

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

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