You Can Always Hide in Kazakhstan — Nick Giambruno/Doug Casey

Kazakhstan is gigantic. Over a million square miles – the size of Western Europe, or the U.S. east of the Mississippi – but with only 17 million people. In the east, on its 2,000-mile-long border with China, the Himalayas rise up out of the plains, but most of the country is just vast, desolate grasslands, or steppe. Two-thirds of the people are central Asians – tall, rangy looking Orientals who speak languages in the Turkic group; one third are Russians.
That’s information you can get out of any world atlas, and it’s not worth much, because nothing that everyone knows is worth much. What I want to do is tell you what I think it means. What’s going to happen in Central Asia in the near term and long term, and what you may want to do about it.
My friend Rick Maybury coined the term “Chaostan” for this whole part of the world. It’s populated by dozens of tribes and ethnic groups, most of them ex-nomads speaking different languages.
Perversely, the main things tying them together are a veneer of Soviet culture and the Russian language. And one other thing: an ingrained dislike of Russians. These folks have just never learned to appreciate the Russians conquering them, purging them, taxing them, destroying their indigenous cultures, and drafting them for their armies. They rather resent having been used as pawns in what used to be known as “The Great Game,” which was largely played between the Russians and the British in the 19th century.

This post was published at International Man

Gold and Silver Are “Asymmetric” Trades

An asymmetric trade is a situation where investing a relatively small amount of money holds the potential of yielding a profit many times the amount of the original sum at risk. In other words, where the risk to reward is skewed massively in the direction of reward.
This took place recently with Bitcoin (BTC). Is this conceptually different from bets made years ago on Microsoft, Cisco, Amazon, or Facebook, which yielded hundreds of percent profit to intrepid investors? Does it have relevance to the possible returns during the next few years for those who hold physical gold and silver?
I would answer “yes” and “yes.”
The current “mania” in the cryptocurrency space – most notably BTC and Ethereum (ETH), along with a few other “app coins” – offers an in-future lesson for a similar setup in the precious metals. (For more on the above topic, see “The Blockchain: A Gold and Silver Launchpad?”
First: This may be the first time ever that an investment “story” has had the ear and investment dollars of a global audience on a simultaneous basis. Individual investors, hedge funds, businesses, and even countries, are sending a torrent of funds, with the effect, to paraphrase Doug Casey’s famous remark, of “trying to push the power of the Hoover Dam through a garden hose.”

This post was published at GoldSeek on Friday, 23 June 2017.

Why is Gold a Better Form of Money Than Paper?

You’ve probably heard people say gold is real money, but what does that actually mean? Is there some fundamental difference between gold and the green pieces of paper stuffed in your wallet that we call money? As investment guru Doug Casey put it, ‘The dollar is, technically, a currency. A currency is a government substitute for money. But gold is money.’ So, what is money? Simply put, it is a medium of exchange and a store of value.
Almost anything can be used as money, and, in fact, many things have served the purpose. Cattle, salt, cigarettes, and even seashells have been used as money throughout history. But as Casey points out, some things work better others. You can’t just exchange things nobody wants; there are other practical considerations. Over the last millennium, precious metals – primarily gold and silver – have evolved into the best form of money in existence.
‘These are the reasons why gold is the best money. It’s not a gold bug religion, nor a barbaric superstition. It’s simply common sense. Gold is particularly good for use as money, just as aluminum is particularly good for making aircraft, steel is good for the structures of buildings, uranium is good for fueling nuclear power plants, and paper is good for making books not money. If you try to make airplanes out of lead, or money out of paper, you’re in for a crash.’
Aristotle listed five properties that make something suitable for use as money. Casey outlines them in his article:

This post was published at Schiffgold on MAY 2, 2017.

Doug Casey Says the E.U.’s Collapse Is Now ‘Imminent’

Nick Giambruno: Doug, you predicted the fall of the European Union a few years ago. What has changed since then?
Doug Casey: Well, what’s changed is that the entire situation has gotten much worse. The inevitable has now become the imminent.
The European Union evolved, devolved actually, from basically a free trade pact among a few countries to a giant, dysfunctional, overreaching bureaucracy. Free trade is an excellent idea. However, you don’t need to legislate free trade; that’s almost a contradiction in terms. A free trade pact between different governments is unnecessary for free trade. An individual country interested in prosperity and freedom only needs to eliminate all import and export duties, and all import and export quotas. When a country has duties or quotas, it’s essentially putting itself under embargo, shooting its economy in the foot. Businesses should trade with whomever they want for their own advantage.
But that wasn’t the way the Europeans did it. The Eurocrats, instead, created a treaty the size of a New York telephone book, regulating everything. This is the problem with the European Union. They say it is about free trade, but really it’s about somebody’s arbitrary idea of ‘fair trade,’ which amounts to regulating everything. In addition to its disastrous economic consequences, it creates misunderstandings and confusion in the mind of the average person. Brussels has become another layer of bureaucracy on top of all the national layers and local layers for the average European to deal with.
The European Union in Brussels is composed of a class of bureaucrats that are extremely well paid, have tremendous benefits, and have their own self-referencing little culture. They’re exactly the same kind of people that live within the Washington, D.C. beltway.

This post was published at International Man

Doug Casey-High Unemployment & High Inflation Coming Buy Gold

The following video was published by Greg Hunter on Mar 21, 2017
What is this going to look like to the man on the street when the economy melts down again? Financial expert Doug Casey says, ‘The country has been living way above its means. The U. S. runs about a trillion dollar trade deficit with the rest of the world, but it’s a great deal for us. The U. S. prints up dollars and we ship them dollars, and they send us Sonys and Mercedes and coffee and all sorts of things imported into this country, but that can’t go on forever. So, what’s it going to look like? It will be very high levels of inflation. In 2007 to 2009, people lost their jobs. When a society is living above its means, people like waiters and bartenders . . . they’re fired because people are going to have to do those things for themselves. So, you are going to see lots of unemployment. There could be a lot of social upsets in this country.’
What about gold and silver? Casey says, ‘A number of governments around the world, not the U. S. but the Russians and the Chinese, are buying a lot of gold. Why? Because it’s the only financial asset that is not simultaneously somebody else’s liability. It doesn’t matter whether we have runaway inflation or catastrophic deflation, the gold is there. It’s an actual asset unlike the paper governments’ print up. There is no point in owning paper today because interest rates are so low. Interest rates are below the level of actual inflation at this point. People should buy gold and they should buy silver. . . . They’re going to both go up. I’ll say this again, gold and silver are the only assets that are not simultaneously someone else’s liability. So, there is going to be a panic into them at some point, and some point soon I think.’

GATA’s Ed Steer to speak at Vancouver Resource Investment Conference

GATA Board of Directors member Ed Steer, publisher of the daily Ed Steer’s Gold and Silver Digest letter will speak at Cambridge House’s Vancouver Resource Investment Conference, to be held Sunday and Monday, January 22 and 23 at the Vancouver Convention Centre West in Vancouver, British Columbia, Canada.
Also speaking, among others, will be Peter Schiff of Euro-Pacific Capital, Frank Holmes of U.S. Global Investors, Doug Casey of Casey Research, Peter Spina of GoldSeek.com and SilverSeek.com, David Morgan of The Morgan Report and Silver-Investor.com, Thom Calandra of The Calandra Report, Rick Rule of Sprott U.S. Holdings, Tommy Humphreys of CEO.ca, Keith Neumeyer of First Majestic Silver Corp., and Andy Schectman of the Miles Franklin bullion dealership.
As usual scores of resource companies will be exhibiting. A discounted rate will be available to conference participants at the Fairmont Waterfront hotel across the street from the convention center.
Admission will be free with advance registration and otherwise will cost C$20 at the door.

This post was published at GATA

It’s Time to Hit the Bid on Bonds! – Doug Casey Interview

The following video was published by FutureMoneyTrends on Dec 19, 2016
Today we have the most famous speculator with advice we couldn’t urge you more to take heed. He’s predicting a gold market rally and bond crash coming under Trump’s presidency. Doug Casey literally wrote the book on Crisis Investing many decades ago and is the most experienced veteran in the space. He discusses the mainstream media propaganda, metals prices, and potential Civil War in America in this interview; a must listen!

Doug Casey on Cuba

Editor’s Note: Fidel Castro, the longtime Cuban politician and revolutionary, recently passed away. Doug Casey had the chance to meet the Cuban leader back in 1994. Here is an article Doug wrote about Cuba and his encounters with Fidel. It was written in the 1990s, but it’s still as relevant as ever.
Half the fun of Cuba is getting there.
I was there in the 1990s with about a dozen financiers from Europe. The contingent from England, Norway, and Switzerland came over together from London, changing planes in Miami for Panama. When an impertinent customs clerk asked one of them where he was going, he innocently responded ‘Cuba.’ All six men were hustled into a locked room, with all kinds of armed and uniformed types milling about, and were detained there for two hours while agents ran background checks on them. The government couldn’t have cared less if they missed their connection. Your tax dollars at work, winning friends and influencing people for America.
It used to be there were no restaurants, no shops, no cars, and few hotels in Cuba. People were malnourished, and even at a couple of official receptions the staples were olives and Spam, because that was what they were able to barter for.

This post was published at International Man

Doug Casey on the Coming Collapse of the World’s Biggest Economy

Nick Giambruno: The entire European Union is looking shakier by the day. Donald Trump’s victory – which shocked Europe’s political and media elite – gives Eurosceptic parties, the Continent’s populists, even more political rocket fuel. What’s your take?
Doug Casey: The Social Democratic, Christian Democratic, Socialist, Communist, and similar parties have ruled Europe since the end of World War 2. They’re all pretty similar in that they promote massive welfare benefits, strong labor unions, large state bureaucracies, very high taxes, strict regulations, and an atmosphere of Cultural Marxism. Then, every few generations, the voters react and install a ‘fascist’ regime. These keep most of the socialist characteristics, but tend to be supported by, and friendly to, Big Business. That, and they add on nationalism, xenophobia, and militarism.
The last time this happened was in the 1930s. In those days it was spurred by the Great Depression. This time it will be spurred by the Greater Depression, plus massive waves of Muslim migrants from the Near East and Africa. So I expect to see more neo-fascist political parties everywhere.
Oddly, the Europeans can’t seem to imagine a libertarian alternative of private charities, limited government, minimal taxes, an unregulated economy, and intellectual/psychological freedom. It’s another reason the Continent is a sinking ship.

This post was published at International Man

Doug Casey on Globalism and the Worldwide Populist Revolt

Nick Giambruno: The inevitable breakdown of the European Union and the massive financial crisis it could trigger is an important theme for us right now.
I’ve just spent weeks with my boots on the ground in Italy. The country has enormous public debt levels, and its banking system is on the verge of collapse.
Italy could trigger the collapse of the entire E.U., which could start an irreversible trend. It’s a sign that globalism – the secular religion of the Deep State – is a failed ideology.
By globalism, I simply mean the centralization of power into global institutions: the EU, the United Nations, the IMF, the World Bank, NAFTA, GATCA, NATO, and so forth. Globalism is really just a polite way of describing world government, or what George H.W. Bush termed the New World Order.
I’m skeptical of government on any level, especially global government.

This post was published at International Man

Doug Casey’s Two Days with the Real and Wannabe Elite

Recently I made a few comments about the world’s self-identified ‘elite’, and also about the migrants that are plaguing Europe.
Happily, I was able to do some one-stop shopping on both of these topics when I was in New York to attend a very elitist and Globalist conference. I’m not going to name it because its organizers/sponsors are business partners of mine. And since they spent multi-millions putting it together, and I pretty much despised their invitees, I’m not about to identify it exactly. Just let me say that the conclave has aspirations to become another Council on Foreign Relations, Bilderberg, Bohemian Grove, Atlantic Council, or Davos. Same kind of people, same ideas. Uniformly bad ideas. But ideas that the public has been brainwashed into thinking are good.
A lot of people are afraid these groups control the world, or at least governments. They don’t. They’re social gatherings for high level government employees and NGO types who like to network, and feel relevant. And lots of their minions, who enjoy the rich food, pretending they’re big shots too, while listening to pontifications by actual big shots. They hope they can cozy up to them, close enough to ride a richer gravy train.
The avowed purpose of this conclave was to ‘build the public-private partnership’ – the exact definition of fascism. So there were also lots of big league corporate types who want to ‘make a difference’, and rich guys who want to be known for something besides having money.

This post was published at International Man

Doug Casey on Why Trump Came Out on Top

The Trump victory is very good news for the U.S. – relative to a win for Hillary, which would have been an unmitigated disaster. So I’m happy he won.
Will Trump winning mean a real change in direction for the U.S.? Unlikely. Don’t mistake Trump for a libertarian. He has all kinds of stupid notions – torture as official policy, killing families of accused terrorists, and putting on import duties. He has no grasp of economics. He’s an authoritarian. His cabinet choices, so far, are all neocons and Deep State hangers-on. He’s likely to treat the U.S. as if it were his 100% owned corporation.

This post was published at International Man