Doug Casey on the Good, the Bad, and the Ugly of Today's Journalism

Louis: Hola Doug. What's on your mind this week?

Doug: The color yellow. As in "yellow journalism" – which seems almost the only kind we have these days. Of course, to be fair, inflammatory, shamelessly dishonest "man bites dog" journalism has always been the dominant kind, simply because it sells papers. But we'll see more than the usual amount in the next couple of months, simply because elections lend themselves to it; politics seems to stimulate the reptilian part of the brain, the most primitive part. Both politics and the reptilian brain relate well to the yellow press.

Anyway, like many people, I watched snippets of the Republican National Convention in Tampa. Maybe, since I'm engaging in punditry, I should have watched the whole damn thing. But I simply couldn't force myself to watch even all the parts that were broadcast, because it was just too boring and degrading. I can't imagine how the people who were there for the whole four days were able to remain awake for the whole thing. Perhaps this is proof that zombies really do exist. What kind of people could take such a charade seriously? It was all canned speeches and scripted events that were basically dishonest. Politics has always been dishonest, of course, but at least it used to be unscripted and mildly entertaining… Continue reading "Doug Casey on the Good, the Bad, and the Ugly of Today's Journalism"

Doug Casey Uncovers the Real Price of Peak Oil

Doug Casey, chairman of Casey Research and expert on crisis investing, is on the search for real wealth – not investments in companies that push around paper. In this exclusive interview with The Energy Report, Casey shares his pragmatic take on what's next for oil, gas, and nuclear power.

The Energy Report: There will be a Casey Research Summit on Navigating the Politicized Economy in Carlsbad, California, in September. At the last conference, Porter Stansberry caused some excitement with his argument that oil could go to $40/barrel (bbl). What's your view?

Doug Casey: We like to have a range of defensible views represented at our conferences. But personally, I don't think it's realistic to suggest oil prices will drop as low as $40/bbl. Continue reading "Doug Casey Uncovers the Real Price of Peak Oil"

Doug Casey Predicts Day of Economic Reckoning Is Near

It is a deal with the devil: governments churn out more and more cash for the promise of continued prosperity. But the day of reckoning is near, according to Doug Casey, chairman of Casey Research and an expert on crisis investing. As the epic battle between inflation and deflation continues, Casey discusses his predictions for the new world market in this exclusive interview with The Gold Report.

The Gold Report: There will be a Casey Research Summit on "Navigating the Politicized Economy" in Carlsbad, California in September. Investors from around the world look to these summits as future road maps for investing pitfalls and opportunities. Continue reading "Doug Casey Predicts Day of Economic Reckoning Is Near"

Why the Dam is Finally Breaking on the US Dollar

Maybe Iran wants a bomb. Maybe not.

But blocking it out of the SWIFT system, in other words cutting it off from using the US dollar for its oil trades (among other things) because we suspect it does, simply meant that countries that still want to trade with Iran and which are not beholden to our political whim, have found ways of doing business without a dollar in sight.

That was a reckless decision at best. It opens the door to alternatives... alternatives that Russia, China and India – all major dollar holders – may just like better. Continue reading "Why the Dam is Finally Breaking on the US Dollar"

Doug Casey: A Eurocrash Is Baked in the Cake

In an interview with Louis James, world traveler and legendary speculator Doug Casey makes a compelling case for becoming a "permanent tourist" to be best able to survive the coming economic crash.

Louis James: So Doug, you're off to FreedomFest 2012 shortly, where people will be able to hear your latest thoughts on many subjects. Maybe you can give us a sneak preview on whatever is uppermost on your mind today. Continue reading "Doug Casey: A Eurocrash Is Baked in the Cake"