Gold ‘super bubble’, another Civil War now more likely than ever - Doug Casey gets serious
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- Опубликовано: 21 июл 2024
- In this interview, Doug Casey, founder of Casey Research and InternationalMan.com, discusses the collapse of Western society, the growing chances of another American Civil War, investing versus speculating, a gold bubble, and the morality of political assassinations.
0:00 - Collapse of Western society; coming civil war
6:30 - Investment implications
11:49 - Gold and gold stocks
15:20 - Political assassinations
17:31 - Long-term improvements in society
The chances of Americans clashing in another Civil War are now higher than ever, Casey said, who noted that in todays’ environment, gold, and gold stocks in particular, have not yet begun to see the highest price peaks.
“So what’s the next bubble, that’s what a speculator has to ask himself, and the answer to that is gold, also commodities in general. In particular, there’s going to be a super bubble in gold stocks,” Casey told Kitco News.
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I am thankful for a news channel that is willing to discuss difficult subjects.
I studied the American Civil War for years because I had family members who died on both sides of that conflict. Doug Casey doesn't know what he's talking about. Southern states were terrified that Lincoln would end slavery by stopping its expansion into Western States. Slavery was at the heart of the conflict and anyone who says otherwise hasn't done the work. Lincoln's main goal was to preserve the union, but that's not why the South seceded.
You should watch RT
@@randyindvik1171 On it! Thank you
For real
@@theciakilledjfk5973 : I'm not an expert, but I think you're partly right. The civil war was about slavery in part, but not entirely so as many claim. For sure, "slavery" is the easiest and most compact issue to express, so "slavery" is the easiest short justification for the civil war. But there was more to it, and the remnants still exist today ... absent slavery, which *IS* gone.
There is similarity with today. Fact is, so-called "government" is fiction and should not exist at all. But most definitely no government should impose laws and rules over people outside a tiny region, because that requires imposing laws and rules on people that they fundamentally and massively disagree with. That's the problem today too. When laws and rules apply only in small areas, people can move to a region where the fundamental laws and rules correspond with their personal beliefs, at least fairly closely. However, when laws and rules apply over hundreds or thousands of miles ... *THAT INHERENTLY CANNOT WORK.* And yet the trend has been towards laws and rules being applied over larger and larger regions ... until we get to the worst possible situation we have today, which is "globalism" and "global government" and "global governance".
'When tyranny becomes law rebellion becomes a duty" Thomas Jefferson 👌
A man who owned slaves lecturing other people about a tyranny. That's rich.
@@theciakilledjfk5973 “If you’re not ready to die for it, put the word ‘freedom’ out of your vocabulary.”
- Malcolm X
@@jaza457x8 Sam Houston tried to warn the southerners about what would happen. They didn't listen.
@@theciakilledjfk5973 That’s problem still exists today...tone deaf people.
@@jaza457x8 That is where the rubber meets the road!
David Lin you are really good at interviewing experts, always asking smart questions and making the discussions very interesting ! Well done, great videos !
And he lets them talk instead of cutting them off
I agree he never interrupts the guest. SMART combat against the deep state
Decentralize everything. All concentrations of power *_must_* be broken up.
Web 3.0. Blockchain technology. Privacy coins (real ones). Trade and barter system. Self-sustainable food and energy, for the individual, house, neighborhood and town. Civil disobedience. Boycotts and buycotts (buying a product or service you support). No more public education. No more medical mandates. Alternatives to Google, Facebook, Apple and Microsoft.
David. You really shine as a great interviewer. Just thought I’d say
Hope he doesn't sell himself out to anyone else. He's pretty much the only reason I'm subscribed to Kitco.
Agreed!
Came here to say this too. David, you did a spectacular job on this sobering interview. You asked all the right questions in all the right ways.
Yes he is smart and sharp as a freaking razor. I like when David does the hard interviews and beautiful Anna give us cuting edge updates as the world sitiation develops. They are truly worthy replacements for Daniella.
True
I appreciate the notion that we aren't investing anymore, only speculating.
So true. Market fundamentals have gone out the window.
Throw Crypto (Bitcion) into the mix and it's near 100% accurate statement.
I must say this anchor seems razor sharp. A real asset for KITCO's channel.
Doug probably does not take much medications. Like G> Edward Griffin
David is SUCH a good interviewer. He always asks the perfect questions.
The problem is government intervention and the media's narrative.
Cambridge Analytica
Government intervention electrified the Tennessee Valley, invented Atomic power and brought us the internet. Why couldn't the free market get there first?
Which govt intervention? The govt that has policies that wrecks havoc on the economy or the one that fixes the mess all the time? The govt that enriches its friends or the one that fights for the middle class? Which media? The fake one calling everyone else fake or everyone else not calling the fake one fake?
@@eseovheegborge7510 the truth is that the American system, as espoused by Alexander Hamilton, Benjamin Franklin, Henry Clay, Henry Carey, Abraham Lincoln, FDR and JFK- is the best system to promote economic growth. The problem is that people would call it socialism today. Actually, it's real National development that blends government intervention with private capitalism.
The problem is apostasy...
I agree with Doug 100%. The bureaucracies need to be uprooted completely.
8:36 David - Wait a minute Doug, so we’re not in a depression already? ...GDP contraction this year of 33%, multitudes worse than in 1929...
Doug (admitting) - Yes, we’re already in a depression....but just the 1st inning.
...and THIS is exactly why I watch David - he’s an informed, investigative journalist who’s done his homework and CHALLENGES his guests.
Great work David, never stop, never sell out us listeners, aka we the people. 🙏🏾🙏🏾🙏🏾 ❤️🤍💙 ❤️🤍💙
What Doug is trying to say is that the storm is much worse then we think if you call depression at 33% GDP imagine 300% GDP .We having seen nothing yet,hold down to your hat...
@@timetoinvest1012 why 300 percent where and how did you come up with thet numero?
9:10 Never ask Doug Casey how things can possibly get worse!😂 It's guaranteed he's going to tell us. 🤣😊😁😂😳😖🤪🤢👽
A real treat to hear Doug's depth of intellect, great questions David, you unleashed Doug.
Actually, Doug is pretty wrong when he says that the US Civil War was not at all about slavery. Lincoln's main goal was to preserve the Union, but the South seceded in large part because they were convinced that he would end slavery by limiting or stopping its expansion into newly-formed Western States. Slavery was at the heart of the conflict and Doug Casey is just wrong. I had family members fight and die on both sides of that war and I know the damn history.
The Frankfurt School...chickens are coming home to roost
Indeed the small hats strike back 🕎
That usually a good thing.
If I could go back in time I wouldn't kill Hitler, I would kill Max Horkheimer, Theodor W. Adorno, Herbert Marcuse and the rest of them. They didn't perform a genocide, but they laid the foundation for the demolition of Western Civilization.
@@bogrunberger Blabla. Killing intellectuals and academics. So killing someone for his or her thoughts? And you blame THEM for demolishing the foundation of Western Civilisation? The irony! You are so simplistic and your views are laughable and problematic. Regardless of any details, as if IDEAS work in isolation to push history forward? No material base? No dialectics? Some kind of radical hegel fan? What a joke.
Doug Dexter I don’t think it was a slip at all.
Did anyone else catch it when he said Harris Administration?!
We all know Biden is a face for the radical Left. Trump's said it, Ben Shapiro sees it too.
@Myke Mynahslip? He is stating the obvious.
@@supermash1 All those gold mines will be nationalized by the state.
Yep. It took me a little while to get the connection because she's been hiding in the shadows.
@@eugenecharkov3547 They are more likely to be now and maybe soon, especially if gold goes well over $2,000.
Term limits for member of the House. Equal application of the law towards corrupt politicians. Problem solved.
Not If The Parties Are Corrupted !!! Which They Are . Term Limits Would Do Nothing ! Peace;-)) Just New Folks To Pay Off.
If only it were that simple
Really? David doesn't know how it could get worse? The evictions haven't happened yet. When millions finally get kicked out, that's when it will be worse.
note that David's job isn't to pretend to be a know it all. David's job is to pretend not to know it all even if he does. That's the job of an interviewer to bring content out to the audience.
When the masses are evicted they can live in the crappy apartments confiscated by the federal reserve from those who loaned cash to buy the buildings and land. And if that’s not enough the housing that the government will expropriate from their citizens.
Question is will the government's even allow evictions? Seems they're intervening quite a bit especially in Leftist states.
"If the foundations be destroyed, what can the righteous do?" - Psalms 11:3
Western Civilization. Truth. We need to get truth in history. Who controls history (story) controls the here and now (reality).
i agree that the complete falsity of history is a moral theft of knowledge. but people don't understand the present and it's irreversible! what good is history going to do them. the fat lady is warming up back stage and SHE IS COMING.
The Greatest Story Never Told @ bitchute is a nice one
If time is an illusion (quantum physics) then history isn’t real.
What a terribly vague and simplistic post. What on earth are you trying to say? 'Western civilisation. Truth." Writing incorrect cryptic sentences doesn't make you sound smart. Quite the opposite. Sounds like you've had some crack with your cornflakes this morning. There are tons of eloquently written books by historians that take a critical view on 'dominant historiography'. I mean, i GUESS that's where you seem to be heading to. Subaltern School of History only been active since last century. Ibadan school of history, too. In fact, most serious historians today would take account of power and discourse in a Foucauldian sense whilst doing research. Maybe read some proper historians instead of sharing simplistic, cryptic messages that only show how little you know of all the critical 'counter narratives' and efforts out there. Maybe start with Fanon's Wretched of the Earth (1961). Written 60 years before you managed to formulate the urgent call that 'we need to get truth in history'.
How could it get worse. Go look at Venezuela
2 trillion for a loaf of bread sounds good to me!😆
QE doesn't cause inflation.
@@danishpride1 how doesn't it?
@@danishpride1 QE is money printing your wrong
@@jackson7962 QE is the expansion of the Feds balance sheet which only reaches the economy when lend out by banks. And banks aren't lending out money (This is how new money is created in the economy) as much as they Fed wants them to. If the Fed were to "print money" in a booming economy (which they wouldn't) the chances of hyperinflation would be much higher.
It took me a while to get used to David Lin following the years of Daniella Cambone sitting in the chair. But I really enjoy David, and his interview style and technique.
He is smart
Great interview, I love honest news and reporting here from all different types of people.
We have over 300 trillion dollars in global debt and over 1 quadrillion in derivatives and gold at 1900 is in a bubble? Silver is trading at less than 50% of all time high of $50 in 1980. By physical silver and gold because it will be the only thing left when all this debt gets wiped out.
It's being suppressed, obviously. But the more people that buy physical, the harder it gets to keep gold prices down. At some point, the dam is going to break.
@@davidkoziar1811 Yep, buy the physical product and the tsunami will take place.
David is an excellent host. He asks great questions and knows what he's talking about.
most politicians belong in prison
Kitco has really stepped up, thanks alot for the great intervjues you are pumping out!
Thank you Doug Casey. You are a straight shooter. From Toronto Canada
Really insightful interview. One of the best I’ve seen with Mr. Casey.
Oooh, this interview was as tense as they get! Good one, though.
When Ai takes over this digital system they are trying to create, it will be the end of humanity as we know it.
Precious metal stocks are a fools investment if it comes to an economic collapse. You must be in possession of physical gold and silver. Actual hard currencies.
David, your questions are excellent. Keep up the good work!
I REALLY has become a huge fan of this professional And informative channel !!!
Great interview! Congratulations on your growth David sharpening those interviewing skills.
Great interview David, you really impressed me.
@Kevin Betinger Yes indeed.
Great interview. Sharp as usual David 😎
Damn, David Linn is so excellent. Wonder how much longer he will be at Kitco? What a great interviewer. Good job David Linn.
David is a great interviewer. He does not interrupt his guests at the middle of their train of thought and always asks deep and thoughful questions.
How does it work, though, when both sides are scattered throughout, and it's basically just urban vs rural?
Valuable commentary,l. The division, loss of cohesion and lack of civility between citizens following different political parties is truly worrying.
I remember reading Doug Casey when I was still a teenager. In fact, it was one of the first books that I read about speculation and I still have it to this day! Great interview, thank you.
"Depoliticize society and make it more civil." LOVE!
YES, de politicize the nation and replace the politics with a sound money system! When we have a sound money system with concrete value of measurement, it is an exact science and therefore, immune from politics.
Love the Kitco music. Also, great DC interview.
"I like to end my interviews on a positive note if possible.".... lol
We don’t live in a democracy. We live in a constitutional republic.
Constitutional ? Who in government abides by that.?They make their own laws and scoff at the Constitution
Great interview! Very informative!
David really is the best MC they've ever had. BY FAR. this guest was very good as well. I couldn't disagree with anything he said.
So has anyone any idea what are the “right” gold mining companies to invest in ?
Just look at the constituents in the Sprott senior fund sgdm and the Sprott Jr fund sgdj
Or you can just buy the fund.
New Gold
Barrick
Nova Gold
the ones with solid balance sheets and makes a fuckload of cash such as Barrick Gold, Franco Nevada, Wheaton Precious Metals, Agnico Eagle Mines. etc.
NGD HL AUY KL GGISF KOOYF
So appreciate Doug Casey and his insights into the current events and we are we are heading in the next decade, accolades only
THANK YOU DAVID I LIKE YOUR STYLE, GOOD INTERVIEW!!!CHEERS!!!
David you the man!!!
Keep up the good work.
One of David's best interviews
The only people who have reason to be optimistic are the rich, people who have prepared themselves well in having assets like precious metals, food,
Upper middle class people who have made good decisions. The middle class is toast.
Great interview! Thank you.
Excellent work David, Kitco becomes more relevant with every interview!
Great interview !!! Thankyou.
Dude great interviewer. You let the guest speak without interrupting. I enjoy your channel.
Great interview David!
Doug Casey always intesting and usually spot on , I'm in heavy silver and gold stocks and looking to buy more early Novembr if there's a dip.
Hands down one of the best interviewers on yourube
Doug Casey is the best! Would classify him as a “real life hero” to me 🙏🏻
I like Doug. He is a young mind in a cool denim clad older body. He is a liberated soul.
If there is a civil war what will it be based on? Mainly?
Civil War will start with Mercenaries paid by the CIA. This will be a proxy war. It looks like the elite are finished with this nation because of the socialism they gave it so they will probably light a match as they exit to Chyna
The current animosity is not unprecedented.
Kitco is so good................Thank you......................
Excellent interview!
Is anyone else considering running up there credit cards well before this collapse takes place?
You are being too optimistic
@@babyfeeg hahahahaa ya maybe your right
Yeah but.... the store I buy gold from doesn’t take credit OR debit cards or checks. Cash only. And I understand why!
Doug is right on the money on his take on society and gold ! You have to understand what the situation in the world is in regards to investing and where to invest . History is literally taking place right in front of us ! Pick a side but pick the right side if you love freedom !
Thank you for the video.
Great interview and what are the right gold stocks to own?
For one thing for sure the future looks very bleak, the more you listen to Doug Casey the more you add to your knowledge !
The end of the interview reminded me of the recommendation made by John Kenneth Galbraith in his book on economics at the time. He predicted violent civil unrest and the recommendation to buy plenty of board games and the encyclopedia Britannica (no home computers at the time) and hunker down with your family and let the mobs destroy themselves.
9:10 Never ask Doug Casey how things can possibly get worse!😂 It's guaranteed he's going to tell us! 🤣😊😁😂😳😖🤪🤢👽
David is AWESOME.
Great interview
Doug Casey
Bingo! Global de-politicising is what needs to happen.
The gold of USA isn’t enough to cover a little part of the debts!
He said Harris Regime without hesitation. ( hammer , nail , head ) - Doug is one of the very few people I have found that speaks open truth. Chris Duane is another.
David Lin, KING interviewer, sharp as a scalpel, always wanting to end on a positive note...
David has picked up where Danielle left off. Well done.
It was disappointing to see her go, but he's a surprisingly good replacement. Big shoes to fill, though.
Great interview.
Why do news analysts always think they need to end on positive news? We're not puppies or 6 year old kids. Just let Doug share his vision and trust your audience. I don't give a hoot about what David Lynn thinks. Doug Casey is who I want to hear.
I wonder how he feels about Pretium (PVG) Gold miner?
Wonder when 'the fund managers' will catch on, I've been hearing about financial crisis for over a year now.
Kitco and David, could you touch on food shortage and inflation regarding food? I see it in about five minor countries now and seems to be moving in China witch will ripple affect the world.
I'm first.
Good interview
Help. Should I buy gold now or straight after the us election ?
what happens in the usa could spill over into canada also if Trudeau continues with his follies western canada will eventually separate
Takes us rural ontarians with you please. The GTA should be its own provence or country.... they think with their hind end.
History repeats itself. Let’s see how that sentence plays out
"Can watch the riots from TV" that pretty much sums up the disparity amongst the classes.
Thomas Jefferson was positive when he said "But then, I hold that a revolution is a good thing."
Only if it is replaced by something better. That's not the revolution that's coming.
I heard that his slaves disagree with him.
I believed everything this guy says.
I wish Doug's book was available on Audible.
The food prices are already up and animal food is up also and farmers are being forced to till over their crops and cull their animals.
Unfortunately equality for all will never happen. Worldwide in every society, some have akways done better than others. Thomas Sowell has laid these facts out perfectly.
I have a question for Mr.Casey when he talks about spending what does he consider government spending? In school I learned that government spending was, education, social security, food stamps, public health problems like first five and Medical and Medicare and road management like fixing roads. Because if he thinks cutting these programs needed by millions of people is going to stop a civil war I would ask how? The biggest question I have for Mr.Casey is if the government stop providing these essential services who would replace them? Because as it stands today government support is vital to the economy with thousands of subcontractors who are private companies who hold government contracts including national defense contracts ( which is also considered spending in the classic definition of government spending) by stopping these contracts that will cause millions of dollars of lost income to the economy. How in the world would that be good for America? I just don’t understand how cutting basic education, health and education services would stop a civil war? In my opinion people would be angry that their kids can’t go to school so they can’t go to work, the roads which are bad now would fall apart. Millions more would be out of work. Government is a huge employer by the way.🤷🏿♀️ Please explain to me how to cut government spending by 90% without all these bad things happening and Not starting a civil war? 🤯😑
David Lin is a great interviewer
David Lin appeared as a talking bobble head in his first few interviews. I actually enjoy his interviews now since he shows good interviewing skills.
Very well done David! Doug and I are cut from the same cloth. I spent most the 1980’s on Wall St. and love his pragmatism based on political IN-correctness.