World According to Doug Casey
by Doug Casey: Our
Economic Future: From Best to Worst Case
out of range, traveling at present. Not to leave you without your
weekly dose of Doug, heres a collection of some classic quotations
from him. Well be back with fresh Doug soon.
aid might be defined as a transfer of money from poor people in
rich countries to rich people in poor countries.
politicians are doing] is not only the wrong thing, it is the exact
opposite of the right thing.
are slim to none, and Slim is out of town.
entrepreneur in China is better off than the average entrepreneur
in the U.S.A. or Canada.
in the U.S. is a dead letter. It has been parsed and interpreted
out of existence.
are going to be so bad, theyre going to be even worse than
I think theyll be.
doesnt exist anymore. Its the United States. America,
which was basically an idea, a concept, is dead and gone. The United
States is just another of 200 awful little nation-states that have
spread across the face of the earth like a skin disease. Theres
no longer any difference that I can tell between the U.S. and any
more than a libertarian; I dont believe in the right of the
state to exist. The state is unnecessary for society to exist. Everything
that needs to be done can be done by the market.
dollar will eventually reach its intrinsic value.
that through most of U.S. history, residential real estate was not
viewed as an investment. You didnt buy a house to make yourself
wealthy selling it to someone else. It was viewed as an expensive
consumer good that depreciated you bought or built a house
to live in it, just as you bought clothes to wear or a horse to
ride. It was just a part of life a necessity, a convenience,
but an expense.
the reasons Ive done well in real estate is that I tend to
buy things that I like personally and can see using myself. Why?
Because I understand these things, and you shouldnt invest
in things you dont understand.
own your property. Try not paying your real estate taxes for a year
or two, youll find out who really owns your property.
will not just go through the roof, it will go to the moon. The gold
mania has not even started.
junior resource stocks are the most volatile class of securities
very little doubt that we will see some form of currency control
within the U.S. and some other countries, because one thing you
can count on is that the government never controls itself. What
it does is control its subjects.
who doesnt transfer significant assets outside of the country
they live in will get exactly what they deserve: being led to a
lobster trap and cooked.
biggest risk today is not an investment risk it is a political
risk. So youve got to diversify politically. This is absolutely
desperate states will be the greatest risk to your wealth.
tobacco, and firearms the three things you need for a decent
hunting expedition. Or a Class One party. A Class Two party would
also include sex, drugs, and rock-n-roll.
the problem with America today. You all do as youre told.
It is the law and you accept it.
spirit is dead except on cigarette packs, which is rather
the definitions of stupidity is an inability to correlate cause
travel, my first choice is always some place on the U.S. State Departments
stay away list. I hate crowds, and due to the hysteria,
the hotels, restaurants, attractions, and taxis are empty. So they
appreciate your business, and prices are low. And, if youre
actually concerned about that stuff, security is usually much improved
after an event.
liquidate, consolidate, speculate, and create. To which I add and
must emphasize again: diversify your political risk.
the food riots start in New York, LA, London, Paris, etc., I want
to be good and far away.
dollar is an I owe you nothing and the euro is a Who
owes you nothing?
like to do something when the odds are stacked heavily in my favor.
are artificial abstracts created out of thin air by the governments.
Casey (send him mail)
a best-selling author and chairman of Casey
Research, LLC., publishers of Casey’s
© 2011 Casey
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