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Greg Hunter, “Financial Collapse Will Trigger Civil War- Doug Casey”

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“Financial Collapse Will Trigger Civil War- Doug Casey”
By Greg Hunter’s USAWatchdog.com 

“Best-selling author Doug Casey wrote “Crisis Investing” at the time when the U.S. political landscape was transitioning from the Carter Administration to the Reagan Administration. Now, Casey sees a coming crisis that is equal or worse than the Civil War.  Casey explains, “In the U.S. right now, there seems to be so much antagonism it’s almost like pre-Civil War. There is actually hatred in the U.S. at this point. It used to be the Republicans and Democrats could disagree, but they could have a civil conversation about a difference of opinion. Now, it’s active hatred between these two groups. This is not going to end well.”

Casey thinks the coming financial collapse will be the trigger. Casey says, “It’s going to come down eventually. I am worried about that, but we are in a situation where the country seem like it is just before a civil war. It will be more serious than just a financial collapse, and it is likely to be set off by a financial collapse.”

Casey says financial markets are all in bubble territory, but the bond market is in the biggest bubble of them all. Casey contends, “What papered things over? Why did it get better for the last few years? These governments have lowered interest rates to not just zero but less than zero in parts of the world. They have created scores of trillions of new currency units which have poured oil on the financial waters. That currency still exists and it’s going to come out, and it’s going to evidence itself in the form of retail inflation. So far, it’s just been inflation in the financial markets. They’ve created a bond super bubble. They’ve created a stock market bubble. They have created a real estate bubble in a number of places in the world. So, this is going to be very, very ugly. It’s hold on to your hat time.”

What is this going to look like to the man on the street? Casey says, “The country has been living way above its means. The U.S. runs about a trillion dollar trade deficit with the rest of the world, but it’s a great deal for us. The U.S. prints up dollars and we ship them dollars, and they send us Sonys and Mercedes and coffee and all sorts of things imported into this country, but that can’t go on forever. So, what’s it going to look like? It will be very high levels of inflation. In 2007 to 2009, people lost their jobs. When a society is living above its means, people like waiters and bartenders, they’re fired because people are going to have to do those things for themselves. So, you are going to see lots of unemployment. There could be a lot of social upsets in this country.”

What about gold and silver? Casey says, “A number of governments around the world, not the U.S. but the Russians and the Chinese, are buying a lot of gold. Why?  Because it’s the only financial asset that is not simultaneously somebody else’s liability. It doesn’t matter whether we have runaway inflation or catastrophic deflation, the gold is there. It’s an actual asset unlike the paper governments’ print up. There is no point in owning paper today because interest rates are so low. Interest rates are below the level of actual inflation at this point.  People should buy gold and they should buy silver. They’re going to both go up. I’ll say this again, gold and silver are the only assets that are not simultaneously someone else’s liability. So, there is going to be a panic into them at some point, and some point soon I think.” (There is much more in the video interview.)

Join Greg Hunter as he goes One-On-One with financial expert Doug Casey, and the best-selling author of his new novel called “Speculator.”


Source: http://coyoteprime-runningcauseicantfly.blogspot.com/2017/03/greg-hunter-financial-collapse-will.html



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Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.


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