Doug Casey’s Take, Released on 7/22/26

Matt and Doug react to headlines including Trump’s threat to revoke ABC/NBC broadcast licenses, arguing the FCC and licensing are fundamentally problematic and that Trump is using state power against perceived enemies. They criticize a proposal to penalize Canada for wildfire smoke and discuss Trump’s tariffs on Canada and Brazil, including Brazil’s Pix payments system, as economically destructive and alienating allies. Doug describes personal fallout from China’s retaliatory tariffs hitting his geoduck clam investment, eliminating dividends and forcing layoffs. They discuss declining U.S. passport standing and the burden of U.S. taxation on citizens abroad, labor-force concerns (105 million not working; most net new jobs since COVID going to foreign-born), DEI hiring effects, and Trump’s SAVE Act provisions (ID, proof of citizenship, no mail-in ballots) and low passage odds. The conversation ends with bearish market views, SpaceX’s post-IPO drop, high margin debt, concerns about AI/data-center overinvestment, Chinese open models, and a preference for underowned resource stocks.

00:00 Trump vs Network TV
02:31 Canada Fire Tariffs
04:26 Tariffs Hit Geoduck Business
05:56 Brazil Pix Tariff Fight
09:00 America’s Global Standing
10:43 Labor Force Shock Stats
14:35 SAVE Act Voting Rules
18:36 Maine Dems and Fringe Politics
23:10 SpaceX Slide and AI Bubble
25:52 China Models Disrupt AI
28:32 Resource Stocks Strategy
30:18 Wrap Up and Friday Q&A

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

Matt Smith is Founder of Royalty Exchange, a jobs portal in the late 1990’s, an ad agency, a marketing analytics business, and several niche publishing companies. He is now a cattle rancher in Uruguay and co-hosts the YouTube show Doug Casey’s Take.

  economy, market crash, Trump