Home » Posts tagged 'doug casey'

Tag Archives: doug casey

At home and abroad

War isn’t limited to tanks, aircraft carriers, and drones. Much of war is fought by unconventional means. Looking at last week’s headlines, it’s easy to conclude that war is already upon us and ramping up.

Consider what’s happening both at home and abroad, then look at the summary of unconventional warfare tactics below…

Some news from just the last week…

In Economic terms; “This is WW3”

In Kunstler’s latest Podcast episode, his guest, Jeff Rubin says,

“In economic terms this is World War 3. In 1960 4% of global GDP was subject to sanctions. Today, it’s almost 40% and at the rate we’re going it’ll soon be 50%.”

Europe Agrees to Give Russia’s Billions to Ukraine (msn.com)

The European Union on Tuesday approved a plan to hand Ukraine the profits generated by frozen Russian central bank assets.
“We have approved in the EU using revenues from Russia’s central bank’s frozen assets to help Ukraine,” wrote Lipavsky on X, formerly Twitter. “Up to €3B only this year, 90% goes for Ukraine’s military. Russia must pay for its war damages.”

Gold and sIlver prices continue record high runs (yahoo.com)

Alliances, Assassinations, Coup attempts, and color revolutions:

Putin Goes to China. Major takeaways

“New Era” Partnership:
- In a joint statement, Putin and Chinese President Xi Jinping pledged a “new era” of partnership between the two powerful rivals of the U.S.
- They cast the U.S. as an aggressive Cold War hegemon sowing chaos worldwide.
- Their shared opposition to the U.S. extends to security issues, Taiwan, Ukraine, North Korea, and cooperation on nuclear technologies and finance¹.
Signaling Priorities:
- By choosing China for his first foreign trip after being sworn in for another six-year term, Putin emphasizes his priorities.
- The red carpet welcome and personal ties with Xi underscore the strength of their partnership².
Grievances Against the U.S.:

Russia and China expressed concerns about U.S. actions:

…click on the above link to read the rest of the article…

Doug Casey on the Relentless Rise of Taxes, Regulations, and Inflation

May 18, 2024

Doug Casey on the Relentless Rise of Taxes, Regulations, and Inflation

International Man: Almost every government worldwide is moving to increase taxes and regulations on its citizens while at the same time engaging in ever-increasing currency debasement.

What do you think of this trend, and where is it going?

Doug Casey: Higher taxes, more money printing, and more regulations are long-standing trends. The cat first got out of the bag with the French Revolution and the triumph of the Jacobins, who wanted to collectivize French society. They almost succeeded. Not many years later, Karl Marx wrote The Communist Manifesto and Das Capital, letting another feral meme loose into society. The idea that the State was a good thing and should grow is now everywhere.

With the turn of the 20th century, roughly 120 years ago, governments all over the world created central banks and the income tax. They started small but have become behemoths, funding welfare and warfare. Both things are highly destructive. In the 19th century there was no welfare and very few wars, because wars are expensive. Governments were hard-pressed to extract adequate revenue from their populations for fighting.

Like all living creatures, the prime directive of the State is to survive and grow. But the State is unique. The State, as Mao said, comes out of the barrel of a gun. Since it’s based on coercion, it’s only natural that some form of socialism would be its preferred way to organize society. Currency inflation, income taxes, and debt have enabled governments to get completely out of control. The prognosis is not good.

International Man: There seems to be a coordinated effort to increase capital gains taxes.

For example, Canada just announced an increase in the capital gains tax from 50% to 67%. President Biden has proposed increasing the US capital gains tax to 44.6% and adding a tax on unrealized capital gains.

…click on the above link to read the rest of the article…

Welcome to the Warfare State

May 10, 2024

Welcome to the Warfare State

War is one of the few things that only the State can do. Indeed, as Randolph Bourne said, “War is the health of the State.” Let’s briefly discuss the nature of the State to see why World War 3 is on the way.

The State is like any other living entity: its prime directive is to survive and grow. Bear in mind that the State—the government—is not at all the same thing as the country or society, even though it claims to be. It’s not “We the People”; it’s a distinct entity with its own discrete interests. And that’s actually too mild an assertion. While individuals and companies prosper by providing goods and services to others through voluntary exchange, the State specializes in coercion.

There’s nothing voluntary about the State. Its main products have always been pogroms, persecutions, confiscations, taxation, inflation, censorship, harassment, repression—and war. The State is not your friend.

Mass murder and wholesale destruction are bad enough in themselves. But in wartime, the State enables them with new taxes, new debt, draconian controls, and new bureaucracies. These things linger long after the war is over.

Worse yet, the State does these things with the sanction of the victim; the typical citizen has been taught that almost anything is justified by “national security.” Anyone who would normally protest these depredations in peacetime soon learns to dummy-up when there’s a war for fear of being lynched for sympathizing with the invariably demonic enemy.

After the war—assuming a victory, of course—the State’s debt, taxes, regulations and general size never return to pre-war levels. They ratchet up to ever higher plateaus, requiring the State to do more of the same to justify its existence. Government programs, of whatever description, are almost never pulled out by their roots. At most, they’re trimmed, which has the same effect as pruning a plant, i.e., they’re encouraged to grow back bigger and stronger.

…click on the above link to read the rest of the article…

This Double Whammy Will Unleash Unprecedented Money Printing… or Break the U.S. Economy

April 11, 2024

This Double Whammy Will Unleash Unprecedented Money Printing… or Break the U.S. Economy

Deficits, Deficits, and More Deficits, Unravelling Social Security, Money Printer Going Brrr

“A government big enough to give you everything you want is a government big enough to take from you everything you have.”

~ Gerald Ford

The Federal Reserve is gearing up to cut rates and fire up the money printer this year. And you can see why…

You have Joe Biden, who’s in dire need of a push to turn the tide in the upcoming election. Then you have U.S. banks sitting on a hefty $480 billion in unrealized losses on government securities. The Fed is poised to lend a helping hand to both.

But then there’s another reason that tells me that the Fed won’t likely stop soon once it starts up the proverbial money printer.

Let me elaborate.

Numbers Straight Out of a Horror Flick

Every six months, the Congressional Budget Office (CBO) releases a rolling 10-year “Budget and Economic Outlook.” Most people ignore reading material of this sort, but I’m always eager for it because it showcases just how utterly incompetent governments can be.

If you open the most recent report, and scroll to Page 10, you’ll find Table 1-1: CBO’s Baseline Budget Projections. Look for the line labeled “Total Deficit.” These are government deficits, and I’ve marked them in the next image.

The first thing that should catch your eye from the table above is that the deficits will consistently worsen, starting at $1.5 trillion in 2024 and reaching about $2.6 trillion by 2024. That’s an increase of 71% in just a decade.

Alarmingly, this also means that the total cumulative deficit between 2024 and 2034 would hit an astounding $21.6 trillion.

If this isn’t a damning indication that the U.S. is rapidly heading towards complete fiscal ruin, I don’t know what is. But it gets even worse.

…click on the above link to read the rest of the article…

Intentional Destruction

December 16, 2023

Intentional Destruction

First Covid, Now Comes “The Great Taking”

The Great Depression was a well-executed plan to seize assets, impoverish the population, and remake society. What comes next is worse..

A recent book by David Webb sheds new light on exactly what happened during the Great Depression. In Webb’s view, it was a set up.

Webb is a successful former investment banker and hedge fund manager with experience at the highest levels of the financial system. He published The Great Taking a few months ago, and recently supplemented it with a video documentary. Thorough, concise, comprehensible and FREE. Why? Because he wants everyone to understand what’s being done.

The Great Taking describes the roadmap to collapse the system, suppress the people, and seize all your assets. And it includes the receipts.

You Already Own Nothing

Webb’s book illustrates, among other things, how changes in the Uniform Commercial Code converted asset ownership into a security entitlement. The “entitlement” designation made personal property a mere contractual claim. The “entitled” person is a “beneficial” owner, but not the legal one.

In the event a financial institution is insolvent, the legal owner is the “entity that controls the security with a security interest.” In essence, client assets belong to the banks. But it’s much worse than that. This isn’t simply a matter of losing your cash to a bank bail-in. The entire financial system has been wired for a controlled demolition.

Webb describes in detail how the trap was set, and how the Great Depression provides precedent. In 1933, FDR declared a “Bank Holiday.” By executive order, banks were closed. Later, only those approved by the Fed were allowed to reopen.

…click on the above link to read the rest…

Doug Casey on the Imminent Bankruptcy of the US Government

November 15, 2023

Doug Casey on the Imminent Bankruptcy of the US Government

International Man: Everyone knows that the US government has been bankrupt for many years. But we thought it might be instructive to see its current cash-flow situation.

The US government’s budget is the biggest in the history of the world and is growing at an uncontrollable rate.

Below is a chart of the budget for the most recent fiscal year, which had a deficit of nearly $1.7 trillion.

Before we get into the specific items in the budget, what is your take on the Big Picture for the US budget?

Doug Casey: The biggest expenditure for the US government are so-called entitlements. It’s strange how the word “entitlements” has been legitimized. Are people really entitled to the government paying for their health, retirement, and welfare? In a moral society, the answer is: No. Entitlements destroy personal responsibility, legitimize theft, destroy wealth, and create antagonisms.

The fact is that once people have an “entitlement,” they come to rely on it, and you can’t easily take it away. The Chinese call that breaking somebody’s rice bowl. In the case of the American welfare state, it’s more a question of breaking a whipped dog’s doggy bowl. It’s a shame because many have come to rely on their mother, the State, not entirely through their own fault. The US has become pervasively corrupt.

The World Economic Forum (WEF)—a pox upon them—isn’t entirely incorrect when it arrogantly calls most people “useless mouths.” An increasing number produce absolutely nothing but only consume at the expense of others. Courtesy of the State.

…click on the above link to read the rest…

Doug Casey on How Economic Witch Doctors Convince Everyone They’re Neurosurgeons

August 17, 2023

Doug Casey on How Economic Witch Doctors Convince Everyone They’re Neurosurgeons

International Man: The average person doesn’t care about economics. But to the extent that he does, he only reads mainstream publications like The Economist and editorials in The New York Times.

In these publications, the average person will find so-called economists advocating upside-down and destructive concepts like negative interest rates, banning cash, debt-fueled consumption, government spending, and rampant money printing as the cures to economic ailments.

And if those methods don’t work—or inflict damage—the establishment economists’ response is to simply call for more money printing, more debt, and even lower interest rates.

What’s your take on conventional economic thinking and methods?

Doug Casey: Frankly, most “economists” today are only political apologists masquerading as economists.

An economist is somebody that describes the way the world works—how people go about producing, consuming, buying, selling, and living their lives. That’s not, however, what most of today’s PhD economists do. Instead, they prescribe the way they would like the world to work and tailor theories to help politicians demonstrate the virtue and necessity of their quest for more power.

As a result, legitimate economics barely exists today. What passes for economics has a very bad reputation, and it’s well deserved. Economics has become degraded. It’s not quite a laughingstock like gender studies, but it’s on a level with political science—which isn’t a science at all.

Every individual has vastly differing likes and dislikes and wants and needs. But these so-called economists like to treat people as if they were standardized atoms. They think they can manipulate people as if they were chemicals and treat the economy as something they can heat up or cool down. And they’re the ones who decide what the masses need.

Economics has become an excuse for central planning, and economists have become social engineers.

…click on the above link to read the rest…

Doug Casey on the Death of Privacy… and What Comes Next

May 28, 2023

Doug Casey on the Death of Privacy… and What Comes Next

International Man: In practically every country, the allowable limit for cash withdrawals and transactions continues to be lowered.

Further, rampant currency debasement is lowering the real value of these ridiculous limits.

Why are governments so intent on phasing out cash? What is really behind this coordinated effort?

Doug Casey: Let me draw your attention to three truths that my friend Nick Giambruno has pointed out about money in bank accounts.

#1. The money isn’t really yours. You’re just another unsecured creditor if the bank goes bust.

#2. The money isn’t actually there. It’s been lent out to borrowers who are illiquid or insolvent.

#3. The money isn’t really money. It’s credit created out of thin air.

The point is that cash is freedom. And when the State limits the utility of cash—physical dollars that don’t leave an electronic trail—they are limiting your personal freedom to act and compromising your privacy. Governments are naturally opposed to personal freedom and personal privacy because those things limit their control, and governments are all about control.

International Man: Governments will probably mandate Central Bank Digital Currencies (CBDCs) as the “solution” when the next real or contrived crisis hits—which is likely not far off.

What’s your take? What are the implications for financial privacy?

Doug Casey: CBDCs are proposed as a solution, but in fact, they’re a gigantic problem.

Government is not your friend, and CBDCs are not a solution.

If they successfully implement CBDCs, it would mean that anything you buy or sell, and any income you earn, will go through CBDCs. You will have zero effective privacy. The Authorities will automatically know what you own, and they’ll be in a position to control your assets. Instantly.

…click on the above link to read the rest…

Doug Casey on How Governments Use Global Crises to Take More Control

April 1, 2023

Doug Casey on How Governments Use Global Crises to Take More Control

International Man: Throughout history, governments have used crises—real or imagined—to eliminate freedoms, expand the power of the State, and justify all sorts of things the populace would never accept in normal times.

After World War II, Winston Churchill famously said, “Never let a good crisis go to waste.”

This was when he and other leaders came together to form the United Nations, which they probably could not have created without the crisis of WWII.

Ever since, it seems that each new supposed crisis causes a further centralization of global power.

The War on (Some) Drugs, the War on Terror, the COVID hysteria, and the so-called climate crisis have all ratcheted up the centralization of power on a global scale.

What do you make of this trend?

Doug Casey: It makes sense that Rahm Emanuel, a sleazy Obama apparatchik, would have stolen the phrase from Churchill. But the statement is quite correct, regardless of the source. Government lives on crisis. As Randolph Bourne said, “War is the health of the State,” and there’s no crisis like a war. But any kind of crisis can work.

Whenever you have a crisis—whether it’s a military, political, economic, financial, or social crisis—the mob calls for strong leaders to kiss it and make it better.

This plays perfectly into the hands of the kind of people who work for the State. As far as I’m concerned, it’s a psychological flaw in humans, stemming from the fact that we’re pack animals.

Pack animals want leaders.

I’m not sure how we solve this problem other than delegitimizing the idea of the State and defanging it as much as possible. And stop lauding, even apotheosizing, its employees…

…click on the above link to read the rest…

Unsound Banking: Why Most of the World’s Banks Are Headed for Collapse

March 16, 2023

Unsound Banking: Why Most of the World’s Banks Are Headed for Collapse

You’re likely thinking that a discussion of “sound banking” will be a bit boring. Well, banking should be boring. And we’re sure officials at central banks all over the world today—many of whom have trouble sleeping—wish it were.

This brief article will explain why the world’s banking system is unsound, and what differentiates a sound from an unsound bank. I suspect not one person in 1,000 actually understands the difference. As a result, the world’s economy is now based upon unsound banks dealing in unsound currencies. Both have degenerated considerably from their origins.

Modern banking emerged from the goldsmithing trade of the Middle Ages. Being a goldsmith required a working inventory of precious metal, and managing that inventory profitably required expertise in buying and selling metal and storing it securely. Those capacities segued easily into the business of lending and borrowing gold, which is to say the business of lending and borrowing money.

Most people today are only dimly aware that until the early 1930s, gold coins were used in everyday commerce by the general public. In addition, gold backed most national currencies at a fixed rate of convertibility. Banks were just another business—nothing special. They were distinguished from other enterprises only by the fact they stored, lent, and borrowed gold coins, not as a sideline but as a primary business. Bankers had become goldsmiths without the hammers.

Bank deposits, until quite recently, fell strictly into two classes, depending on the preference of the depositor and the terms offered by banks: time deposits, and demand deposits. Although the distinction between them has been lost in recent years, respecting the difference is a critical element of sound banking practice.

…click on the above link to read the rest…

Doug Casey on the Likelihood of Nuclear War With Russia

October 18, 2022

Doug Casey on the Likelihood of Nuclear War With Russia

International Man: Recently, we’ve seen what appears to be an escalation in the conflict between Russia and Ukraine.

There is an excellent chance the US government was behind the sabotage of the Nord Stream pipelines, Russia has annexed four regions of Ukraine, and President Zelensky announced an accelerated bid to join NATO.

What do you make of this?

Doug Casey: I’d say that the odds are extremely high, approaching certainty, that the US was complicit in the sabotage. It certainly had the Motive, Means, and Opportunity—the three elements necessary to warrant suspicion in a criminal investigation.

The US has unique capabilities for this kind of mischief—an air-launched drone torpedo or a submarine aren’t available to just any terror group. It was a major operation, not something that a few scuba divers could pull off. Apparently, tons of explosives were used to blow these things up.

Biden and other US officials previously said they didn’t want the Nord Stream to go through and planned to prevent it. A boldly idiotic thing to say since the pipeline is neither its property or business.

The narrative that the Russians did it is completely insane. Putin could simply turn off the gas until it was convenient to be turned back on; now that option is gone. The Russians wouldn’t limit their own options.

If it’s proven that the US did it, then the Russians and/or the Germans will have to engage in a tit-for-tat retaliation to punish the US for this sabotage. That may be tantamount to an act of war, but once the culprit is proven, they have to take action. This thing isn’t over. The culprit will be found.

…click on the above link to read the rest…

Doug Casey on the Next “Crisis” the Global Elite Have Planned

September 17, 2021

Doug Casey on the Next “Crisis” the Global Elite Have Planned

International Man: Every year, the international ruling class—the most influential world leaders, CEOs of big corporations, top academics, and even celebrities—come together at Davos. They discuss topics that interest them and prescribe their preferred policies.

What’s your take on the Davos crowd and what they are doing?

Doug Casey: The Davos crowd has become the most visible element of the ruling class. Although, they overlap with lots of other groups who are pushing the same agenda—Bilderberg, CFR, and Bohemian Grove among them.

A couple of years ago, I wrote an article after I attended the Concordia, which is very similar, with exactly the same people. I don’t plan on going back. It was disturbing and depressing listening to soulless bigshots natter about the best way to rule the plebs.

These people are all part of what you might call the “World Deep State.” They all know each other. They go to the same conferences, and more often than not, they’ve attended the same universities, belong to the same social clubs, and have kids in the same schools.

But most importantly, they share the same worldview. They live in their own little silo, where the rest of 7.9 billion people in the world are outsiders. So it’s only natural that people in such a relatively close-knit—albeit informal—group conspire.

Adam Smith famously observed that whenever two men from the same occupation get together, they always conspire against the interests of the public. It’s a perfectly normal and natural thing.

But these people aren’t just merchants contriving to make a few extra shekels. These people are the top dogs in all of the world’s governments, NGOs, corporations, universities, and media organizations…

…click on the above link to read the rest of the article…

Will it be an Inflationary or Deflationary Depression?

April 16, 2020

Will it be an Inflationary or Deflationary Depression?

At some point, the economy is no longer controlled by individual citizens in the marketplace but by government “planners,” who find they have only one of two alternatives: stop “stimulating” and permit a full-scale credit collapse, or continue stimulating until the dollar loses all value and society breaks down.

Depending on which they choose, we will have a depression characterized by deflation or by hyperinflation.

Deflationary Depression

This is the 1929-style depression, where huge amounts of inflationary credit are wiped out through bank failures, bond defaults, and stock and real-estate crashes.

Before 1913 (the inception of both the Federal Reserve and the income tax), having the dollar pegged to gold (at $20 an ounce) inhibited the scale of monetization.

When depressions of this type occurred, depositors acted quickly to collect their money; they had no illusion that the government would bolster their banks; once the banks ran out of gold, their bank accounts were worthless.

Their quick response and the fact that the federal government could not monetize its deficit spending as freely as it now can forced the market to correct distortions rapidly.

Until the 1930s, depressions were sharp but brief.

They were short because unemployed workers and distressed business owners were forced to lower their prices and change their business methods to avoid starvation.

The 1929 Depression was deeper and more widespread than any before it since the Federal Reserve (by becoming the lender of last resort) allowed banks to maintain far smaller reserves than ever before.

By backing the dollar with Reserve Bank IOUs instead of gold, the money supply could be increased enormously, and large distortions could be built into the economy before a depression liquidated them.

…click on the above link to read the rest of the article…

Why the US Is Headed into Its Fourth Turning

February 22, 2020

Why the US Is Headed into Its Fourth Turning

International Man: The economic, political, social, and cultural situation seems to have become increasingly volatile in the United States and more broadly in the West. Is this a unique situation or part of a recurring historical cycle?

Authors William Strauss and Neil Howe introduced a popular theory in their book, The Fourth Turning, outlining the recurring generational cycles that have occurred throughout American history.

What are your thoughts?

Doug Casey: I read Strauss and Howe’s first book, Generations, when it came out back in 1992. I thought it was brilliant.

Let me start off by recommending both Generations and The Fourth Turning to everybody. Both books offer quite a scholarly, readable, and prescient view of the cyclicality of history. And offer a very plausible forecast for the 2020s.

History’s best seen as cyclical, rather than a straight-line progress to some preordained end the way both the Marxists and the Abrahamic religions see it. But then, Ecclesiastes has its famous quote that there’s nothing new under the sun.

Plato in the Republic talks about how the younger generation—and we’re talking fourth century BC—can’t stand up to the moral values of their forefathers.

Older people have always thought that the younger generation wouldn’t quite measure up. In recent American history, you’ll recall, the younger generation were the beatniks in the ’50s, the hippies in the ’60s, and the yuppies in the ’80s—so it’s a passing parade. Older people have a tendency to think the world is going downhill. Nothing new there. But there’s always a rebirth.

Niccolò Machiavelli, in his Florentine Histories, said:

Virtue gives birth to tranquility, tranquility to leisure, leisure to disorder, disorder to ruin… and similarly from ruin, order is born, from order virtue, from virtue, glory and good fortune.

…click on the above link to read the rest of the article…

Doug Casey on What the International Ruling Class Have Planned for You

February 1, 2020

Doug Casey on What the International Ruling Class Have Planned for You

International Man: No matter the problem, the prescription of the Davos crowd is always more welfare, more warfare, more money printing, more taxes, and of course, more centralization of power into global institutions.

What’s your take?

Doug Casey: The people who attend Davos are all welfare statists. They’re not necessarily socialists, insofar as they don’t want to see government nationalize industries. Most understand how totally dysfunctional that is and that they don’t really benefit from it. Strict socialism, defined as State ownership of the means of production, is off the table. They prefer economic fascism, where a powerful State can funnel wealth to the corporations the elite own or control. They’re happy to throw some table scraps to the unwashed masses, of course. Modern Monetary Theory (MMT) is the best way to do that.

Again, they’re not socialists. They’re welfare statists. Completely opportunistic and absolutely unprincipled. Despicable people, actually. Few are entrepreneurial, independent thinkers or free-market oriented. Those types would be disruptive at Davos, and if they’re ever invited, it would be only once.

Other than celebrities, court intellectuals, and publicity-oriented multibillionaires, the attendees are almost all bureaucrats and politicians who thrive on stolen money. But it’s no longer easily visible briefcases full of cash. That’s quaint in today’s world. They steal indirectly, by making sure they benefit from state regulations, state favors, and the inflation of the currency.

Bribes are in the form of tax-deducible donations to charitable foundations and nongovernmental organizations (NGOs). That’s not only much safer, but the money is vastly bigger, and the way it’s rigged adds to their prestige. Both making and taking a bribe disguises the miscreants as philanthropists and do-gooders when they use an NGO as a funnel.

…click on the above link to read the rest of the article…

Tag Archives: doug casey

Content

Post categories

Economic Links

Energy/Resource Links

Environmental Links

Geopolitical Links

Liberty Links

News Links

Other Links

Survival Skills

Post Archives by Category

Putin Goes to China. Major takeaways

Post navigation

Latest Posts