They must be sweating bullets in the Washington Swamp. Kash Patel was confirmed as FBI director, and that means there is going to be a caravan of DOGE trucks hauling out the dead bodies right soon. Especially after the FBI went all-in on the Deep State campaign to defenestrate Donald Trump in 2016 and after, […]
Weekends and holidays are the perfect time to catch people off guard… Like a street thug committing a mugging, capital controls blindside most people—otherwise, they wouldn’t be effective. The government declares a surprise bank holiday and shuts down all the banks—mere hours after denying any such plans. Then come the capital controls, preventing citizens from […]
International Man: At $1.1 trillion, annualized interest on the US federal debt is now the second-largest budget item—and is on track to become the largest. This could lead to discussions about the need for a Monetary Reset. Meanwhile, long-term interest rates are climbing, even as the Fed lowers short-term rates. Can the US government keep kicking […]
“It was the single most important financial event of my career.” My friend and resource investing legend Rick Rule once shared this with me, reflecting on his experience in the uranium market during the last bull cycle—where extreme supply and demand imbalances triggered massive booms and busts. Rick was referring to Paladin Energy, a uranium […]
We did promise it after Putin blew up his own pipeline supplying cheap energy to Europe, but the implosion of European auto companies is really something to behold. The effects of Capital flight in the industry are stark and widespread. Consider this: VW’s profits dropped by 64%. Audi’s profits dropped by 91%. BMW’s profits dropped […]
Periodically, I offer up a statement by Scottish economist Alexander Tytler, who, in 1787, was reported to have commented on the then-new American Republic as follows: A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters […]
The United Nations launched the Net Zero Banking Alliance (NZBA) with great fanfare in 2021. It brought together some of the world’s largest banks, committing them to a goal they could never achieve: reaching net-zero carbon emissions within their lending and investment portfolios. This entailed severing ties with a significant portion of their clients and […]
International Man: China’s DeepSeek artificial intelligence (AI) platform has stunned the world, outperforming US AI models while using just a fraction of their resources. Some are even calling it the “OpenAI killer.” What’s your take on this development? Doug Casey: Technology—all technologies—inevitably become better and cheaper over time. That trend has been in motion, at an accelerating […]
The North Dakota Referendum That Could Have Changed Everything In 2012, North Dakota held a referendum to become the first US state to abolish property taxes. The measure aimed to amend the state constitution, eliminating property taxes and requiring the government to find alternative revenue sources. Proponents argued that property taxes were unnecessary since North […]
International Man: Let’s begin by defining our terms. How would you define a speculator? Doug Casey: The word “speculator” is generally misused and poorly defined. Let’s put it in context, along with some related terms that it’s usually confused with. First, what is a speculator? A speculator is someone who capitalizes on distortions in the market. These distortions are […]