Doug Casey: 'We are living in the middle of the biggest bubble in history'

Subscribe to our newsletter at http://www.goldmoney.com/goldresearch. Episode 88: GoldMoney's Andy Duncan talks to Doug Casey, the founder and chairman of Casey Research and the author of a new book called Totally Incorrect. They discuss the current state of global finance and the chances of an upcoming paper money collapse.

Casey points out that the recovery after the 2008 financial crisis is just an illusion created by central bank money printing which will ultimately lead to very high inflation once bank lending starts to pick up again. Both men discuss what will happen when all the US dollars currently held overseas are repatriated as foreigners lose confidence in the greenback. They also speculate about what Keynesians might be thinking at the moment, and analyse how non-western central banks are beginning to behave with regards to gold.

They evaluate the likelihood of western economic collapse in 2013, what this would imply for the global monetary standing of gold, and how GoldMoney subscribers can best protect themselves and their assets. On this note they also talk about how a future world monetary situation might look like once we are through the Keynesian collapse. Casey also speculates about how the theories of Professor Hans Hermann-Hoppe might have applicability to the shape of the world order post-crash, and what readers can look forward to if they purchase a copy of Totally Incorrect (www.caseyresearch.com/totally-incorrect­).

Finally, they discuss what type of "black swans" we can expect to land in the coming months.

This podcast was recorded on 15 January 2013.

• Category

  News & Politics

[mikedoles]

im not huge on these gold money interviews but doug casey is simply the man!

[GoldMoneyNews]

Hi Mike, what don't you like about it? How can we improve the show?

[seritaable]

nothing is wrong,,,, you guys are doing awesome, keep it up!

[GoldMoneyNews]

Thanks!

[lynnybee888]

luv this DOUG CASEY! i have only recently discovered him.....he is a natural, a breath of fresh air. super interview, thank you for posting it.

[Alex Tahti]

If all the other markets were rigged, why is Gold immune? I am wondering about all those derivatives crashing gold. They do it in the stock market, why not gold? What if gold's true price is much lower? How do we know in a rigged market?

[RomansBookReport]

@ 5:45 Ha! -- "the foreigners have given us all these good things [for dollars]: Sony's and Mercedes, Cocaine and Coffee."

[NoName NoFame]

no he wasn't contradicting himself... he isn't the first guy who made the comment :) 

[NoName NoFame]

most people say try not to have any debts.... so no mortgage might be the way to go...

[NoName NoFame]

gold prices will be in a bubble at some point, but not yet... not by a long shot...

what you see right now is a correction - not a bubble bursting... the fundamentals are still in place and gold will rise again in the foreseeable future...

[jay reeves]

The Messiah of common fucking sense.

[aleshagrace]

History shows that Gold prices are a bubble. Don't put to much into it!

[mikedoles]

im not huge on turk, I like casey though because hes a straight shooter, pretty much because he says gold and silver aren't cheap anymore but theyre still a decent buy, he doesn't say buy buy buy nomatter what the price, manipulation and all that bs

[jimbo5915]

Why not big on them?