Doug Casey talks about the economy and he sees the inevitable is now imminent! What’s coming in the economy won’t be just economic but it will also be social, political and military! Doug talks about how to invest in a gold mine and what to look for. He also gives advice to young people and why they should move to Africa as a way to increase their odds at being successful. This is a wide ranging interview and Doug provides so many insights from his experience as a successful speculator and a world traveler! You really can’t afford to miss this interview!
The first presidential debate between Hillary Clinton and Donald Trump was not very impressive at all. Ok so Hillary did the best she possibly could during the debate, which isn’t really saying much. Then we have Donald Trump who missed opportunity after opportunity to throw egg in Hillary’s face and he didn’t do it! Trump was on the defensive the entire time while Hillary stayed on offense. According to the average American voter out there these two clowns are the most competent to be the next President of the United States! I’m not impressed to say the least.
The FED didn’t raise interest rates in September and this comes as no surprise to any listener of this show. Raising interest rates right before a presidential election is extremely improbable and our economy is not as strong as the “experts” believe! Steve Eiseman also has been in the news recently for his view on the economy. Steve Eiseman is the real life guy from the movie, “The Big Short.” This guy made million shorting subprime mortgages in 2007. He sees things will continue to slug along until the world loses faith in QE (money printing). Our economy has some rough times ahead. It’s best to prepare now while you still can!
The EpiPen story has been huge these past few weeks and this story actually shows us a lot of what’s wrong with the “system” today! EpiPen now costs $300 for one syringe and when it first came out in in 1977 it cost $57! How is it the cost of EpiPen has soared in price? This is the result of government intervention! The FDA has blocked out competition due to cronyism and the government playing to favored companies like Mylan! Even the patent that Mylan has had on EpiPen is yet another reason, why there’s so little competition against the EpiPen! We need to get the government out of our lives and we will all be better for it!
Janet Yellen and the FED are giving a very confused message to the markets. Janet Yellen sounds like she wants to raise interest rates but she wants to wait for data to confirm it while other dovish FED governors want to raise interest rates in September. Anytime any of these FED governors speak, it’s what completely moves the market and causes a massive sell off on WallStreet and in the precious metals market. The market fears an end to easy money but increasing interest rates is what should have happened years ago! This is why our economy is not recovering and it’s actually these low interest rates that will lead to a massive bust, in the economy, that will be much worse than 2008! Hold on to your hats ladies and gentleman because this is going to be a wild ride!