Doug Casey's Take [ep.#285] "How Bad Will it Get?"

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Chapters:
00:00 Intro

Harry Brown's view on how bad things will get [00:01:05]

Doug discusses how his mentor Harry Brown became more conservative as he got older and how he would answer the question about the severity of future events.

Discussion on the recent conflict between Hamas and Israel [00:05:28]

Doug questions the reasons behind Hamas' attack on Israel and expresses skepticism about whether it poses an existential threat.

Finding the best place to do business without interference from the state [00:09:30]

Doug suggests going to a third world country where you're a foreigner and not getting involved in local politics as a way to avoid state interference in business.

White pill: Humans have two things on our side [00:14:33]

Doug Casey discusses the genetic tendency for people to save and produce more than they consume, and the compounding effect of technological progress on wealth creation.

Best places to do business without state interference [00:13:11]

Doug Casey mentions Thailand as a politically unstable but favorable country for foreigners, and Ireland as a good location for an Interactive Brokers account.

Income producing assets in the US [00:19:30]

Doug Casey suggests looking into income producing stocks in the coal, natural gas, and oil sectors, which are currently undervalued and offer high dividend yields.

Doug's Big Break [00:24:45]

Doug Casey discusses his big breaks in his career and the role of luck in success.

The challenges of today's society [00:25:16]

Doug Casey and the host discuss the increased regulations and challenges faced by young people today compared to the past.

Creating your own path [00:26:37]

The conversation centers around the advantages of being unemployable and creating your own opportunities instead of following the traditional path.

The severity of future events [00:37:05]

Discussion about the potential consequences if the US continues to provoke war with Russia.

The gold heist in Canada [00:38:02]

Conversation about a recent gold heist in Canada and the lack of discussion surrounding it.

Controlling the Movement of People and Capital in Wartime [00:39:22]

Exploration of why Cyprus attracts a large number of Russians and Ukrainians and the potential impact of war on freedom of movement.