Doug Casey on Crisis Investing, Political Risk, and a Benign Anarchy!

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Welcome to Capital Account. The US economy slowed in the second quarter: GDP rose at 1.5% on an annualized basis according to the Commerce Department. The Wall Street Journal points out that this current economic 'recovery' is the second weakest rebound post World War II. Cue speculation about the Federal Reserve taking more action, or talk of how government GDP numbers aren't reliable anyway. How does this so-called recovery lag compared to others, and when did things really start going downhill economically in the US. Was it after a peak of good times for America in the late 50s to mid 60s, with the 1959 cadillac a relic of a bygone era? We are not just talking about its iconic tail fins, but of the decent standard of living for Americans that it represents -- one that was NOT built on unsustainable debt supplanting stagnant wages. Or was what sealed America's fate the 1971 closing of the gold window by Richard Nixon? We will talk to Doug Casey, bestselling author and founder and publisher of Casey Research, for his thoughts.
Also, Spain has, for the first time, conceded it may need a full EU IMF bailout, according to Reuters. Meanwhile, Spanish unemployment has hit the highest level since its transition to democracy post-Franco. We will take stock of the Eurozone crisis with the man who literally wrote the book on Crisis Investing, Doug Casey.
Finally, our own Demetri Kofinas will debrief us on Agora Financial's "Innovate or Die" conference, which is wrapping up today in Vancouver. Demetri will hopefully tell us how to avoid death, no pun intended.

• Category

  News & Politics

[FutureMoneyTrends]

Our Doug Casey Interview:

watch?v=ICR0SfVviHo

[theMAXILOPEZpsycho]

objectively, I say words have meaning - there are people who belive in freedom and people who belive in government. I don't want to live in a world where academics and politicians tell us "words don't really have meaning; its more complicated than that blah blah blah"

[Gary Schultz]

The catalyst for the repatriation of the USD will be when the dollar really starts to tank. They'll all come back home just like your unmarried, pregnant daughter.

[thesingularman]

You mean, write, don't you?

[thesingularman]

I'm a philosopher and an intellectual, I have strong opinions and eccentric views.

Would you interview me? I'll wright a book just for you.

[Pat TheHombre]

The dopey presenter gal should get another job.

She is very irritating and with all the theatrics she looks like what she really is...... a talking head.

Nothing more and nothing less.

[CapitalismPrevails]

Are they? I thought Max was a BitCoin fan. How can his socialism be funded by BitCoins? BitCoin is decentralized so a central bank can't control it.

[Ckarolinaful]

This kind of people come to our countries to try to change our goverments and minds ... WHY'?? PLEASE LEARN TO STAY AT HOME and let us be!

[diw4k]

I viewed this video clip because I had gotten truly concerned about the economy and had not a clue how to handle it. Cash does not mean a single thing anymore. Thus I decided to conduct some exploration and came across Goldiverse. Now i\'m so fortuitous, I can easily switch my savings from cash to several currencies, to any precious metal anytime I want. The authorities can go and take a jump for all I care. Just Yahoo and bing it Goldiverse.

[Jackson theresnoprivacyanymore]

She really cut him off when he started going into anarcho-capitalism...