AMA 42 A Candid Investment Discussion with Doug Casey

Published: April 8, 2013, 4:19 p.m.

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Join Jason Hartman and Doug Casey of Casey Research for a candid discussion about the condition of America and what is to come. Doug feels we needed a depression, but it doesn\\u2019t have to be as long and dismal as it\\u2019s going to be for most people. The U.S. government has gone about everything completely opposite of the right way; it\\u2019s totally bankrupt. They\\u2019re selling money/debt to the Federal Reserve because no other country in the world wants to buy our devalued American dollar. Doug feels for the average American because he/she is not going to profit from it and is going to be turned into a common serf. Pension funds are in trouble and are nothing more than the government\\u2019s scheme to finance its debt. Listen in for more information at\\xa0www.JasonHartman.com.

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We may see more wars in the future as politicians look for someone to blame, as happened in the Great Depression of the 1930s. The rich will be those that own real estate around the world. Doug feels it\\u2019s too early to buy U.S. real estate unless it\\u2019s bought with low-interest, fixed-rate mortgages because the debt will be inflated away. Sharing a position with Jason, Doug is not a fan of the stock market and feels that commodities are going to eventually bottom out with all of the new nanotechnology. While he\\u2019s still bullish on commodities because he\\u2019s bearish on the dollar, Doug recommends buying real estate in other parts of the world, using Rothschild\\u2019s philosophy of buying when blood is running in the streets. Our biggest enemy is our government, so people must diversify politically, geographically, internationally, and most Americans don\\u2019t know anything about it. Looking at stocks, while Doug wants nothing to do with them for the most part, he sees mining stocks moving. They\\u2019re relatively cheap right now and while they\\u2019re a speculative venture, with thorough research, one can find a few good mining companies that are seeing strong returns.

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Inflation is going to get a lot higher because the government has no choice but to print money to pay its debts. It\\u2019s the 11th hour and now is the time to act, to position yourself to ride out the storm. Doug\\u2019s guess is that when all of this bottoms, mortgage money will not exist and people the world over will have to purchase property with cash. They will be paying real value versus the inflated values of mortgage companies. Doug expresses his concern that our current economic situation is very serious. As he looks around, he doesn\\u2019t see any real bargains. We\\u2019re still in the eye of the hurricane, and he forecasts that as we go back into the storm, it\\u2019s going to be a lot uglier than it was in 2008. He calls this the Greater Depression. This is a time when you don\\u2019t want to be rooted to a spot like a plant. In turbulent times, plants usually get eaten up. Doug is a widely respected preeminent authority on \\u201crational speculation,\\u201d especially in the high-potential natural resource sector. He is a high respected author, publisher and professional investor, and graduated from Georgetown University in 1968. Since that time, Doug has literally written the book on profiting from times of economic turmoil. He is the author of Crisis Investing, which spent multiple weeks on the New York Times bestseller list in the No. 1 position, and became the best-selling financial book of 1980. Doug also authored Strategic Investing, breaking the record by receiving the largest advance ever paid for a financial book at that time. Doug\\u2019s next book, The International Man, was the most sold book in the history of Rhodesia. Doug Casey has been a featured guest on such TV shows and radio shows as David Letterman, Merv Griffin, Charlie Rose, Phil Donahue, Regis Philbin, Maury Povich, NBC News and CNN. He has also been the topic of numerous features in periodicals, such as Time, Forbes, People, and the Washington Post.

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Doug divides his time between homes in Aspen, Colorado, Auckland, New Zealand, and Salta Argentina. He has written newsletters and alert services for sophisticated investors for over 28 years. He has lived in 10 countries and visited over 175. In addition to having served as a trustee on the Board of Governors of Washington College and Northwoods University, Doug has been a director and advisor to nine different financial corporations. Doug is currently the founder of Casey Research, a research company that watches every sector, looking for opportunities in the world. Casey Research is a believer in free markets and understands the fundamental reality that the more a government interferes in a market, the more likely there will be consequences\\u2026negative for those unaware, but positive for those who are aware. More details about Casey Research can be found at their website:\\xa0http://www.caseyresearch.com/cwc. Also, this PDF is from Doug\'s view of War on Terror:\\xa0http://my.caseyresearch.com/pdfs/crTcr20111116102350.pdf?ppref=RIV012SR1211A

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