'You Ain't Seen Nothing Yet'

Stansberry Investor Hour

Stansberry Research

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4.4 • 677 Ratings

🗓️ 11 July 2022

⏱️ 72 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today's guest last joined Dan at the Investor Hour table when the world was in the throes of a newly declared pandemic. This time, he visits us amid rampant inflation... a newly declared bear market... and likely a nascent recession.

Doug is the founder of Casey Research and a prolific writer with several highly acclaimed books under his belt. His financial book Crisis Investing was a New York Times No. 1 bestseller for weeks, dethroning the works of heavyweights such as economist Milton Friedman, former President Richard Nixon, and astronomer Carl Sagan.

Doug isn't afraid to let loose on controversial topics like the Second Amendment and the police. And he doesn't mince words when it comes to Uncle Sam...

I despise politics... Politics is actually institutionalized coercion. It's all about the government and who runs it. The government is an entity that holds a gun to your head – subtly or overtly – and tells you to do what you're told.

Increasingly, American life is revolving around the state, the government, and what it does... That's putting people at odds with each other.

Thanks to Big Brother's excessive intervention throughout the years, Doug says, "The entire country has been greatly over-financialized... It's all going to come crashing down." He decries the U.S. Federal Reserve's heavy-handed plays and longs for a "stable, capitalist free market society."

And as for Dan's customary Final Question, Doug says rather than an "instant cosmic breakthrough," he'd like to leave listeners with a short-but-sweet, positive affirmation...

Don't sweat the small stuff... Just try to live an ethical life. Try to be happy, try to be mellow, and things will take care of themselves.

Transcript

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0:00.0	Hello and welcome to the Stansberry Investor Hour. I'm your host, Dan Ferris. I'm also the editor of extreme value published by Stansberry Research. This week we'll talk with my old friend Doug Casey. Doug is a very wise fellow. He's lived in something like 100, or he's been to something like
0:22.8	150 or 160 or 170 countries. I don't even know how many at this point. We'll talk to him about
0:29.3	that and a whole lot more. In the mailbag today, very little. Write to us feedback at investor
0:35.6	hour.com. And remember, you can also call the listener feedback line 800381-2357.
0:43.1	Tell us what's on your mind and hear your voice on the show.
0:46.3	For my opening rant this week, the prettiest mayor at the glue factory.
0:51.7	We'll talk about that and more right now on the Stansberry Investor Hour.
1:03.8	The prettiest mare at the glue factory. What in the world does that mean? It sounds horrible,
1:08.5	doesn't it? I'm just referring to the U.S.
1:11.5	dollar. Another way to say it is that it's the worst currency in the world except for all the
1:16.4	others. It's just a comment on the basic flaw of fiat currencies and having a fiat currency
1:24.4	be the world's reserve currency because when inflation hits, you know, it hits
1:31.6	a lot of people because a lot of people use U.S. dollars.
1:36.4	And so this is actually the title of my most recent Stansberry Digest, which goes out to paying
1:42.6	Stansberry subscribers.
1:45.1	And I think there's a real good point to be made here.
1:50.5	I got on to this kick last week because Deutsche Bank put out a report and they said that
1:57.5	the first half of 2022 saw the worst performance of the 10-year U.S.
2:04.8	Treasury note since 1788.
2:08.2	I didn't even know they kept records that far back.
2:10.6	The worst first half, six-month performance since 1788, since there was a 10-year, since the 10-year treasury was invented.
2:21.8	And, of course, bonds in general really did horribly.
	...

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