Tag Archives: Doug Casey

Doug Casey and the Fall of America

20 Jun

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It’s Doug Casey day, here on the Euro Vigilante, with an excellent set of videos from the ‘Fall of America’ series.

Just to help those on mobile devices, where YouTube playlists never seem to work correctly, here are all of the ‘Doug Casey, Fall of America’ YouTube snippets that we could lay our hands on.


The Largest Criminal Entity on Earth:

The Precipice of the Greater Depression:

The Future of Freedom in America:

The End of the Nation State:

The Federal Reserve:

Sovereignty and Borders of the United States:

Class Warfare:

America Becoming a Police State:

The Charade of Nationalism:

Americans Accepting Control:

The Land of the Free:

Institutionalized Coercion:

The American Idea:

Book Review: Totally Incorrect, by Doug Casey

20 Apr

Doug Casey Totally Incorrect

The problem with reading academic Austrians, such as Mises and Rothbard, was once related by Ludwig von Mises himself, to his intended wife Margit von Mises before she accepted his proposal for marriage.

You must understand, he said, that although I am an expert on money, I will never have any.

And so it goes for most academic Austrians.

Mostly achieving extra income through book sales, where a mega-seller means anything over 10,000 units, a few manage to combine academia with other outside interests to magnify their usual professorial salaries. However, even if you love their work, most will squirm and shirk when confronted by three important investment questions; “when will the next government-induced bubble arrive?”, “what should I invest in when it does?”, and the culminating sixty-four trillion dollar challenge, “at what point should I exit from that bubble to gain the greatest financial advantage?”

So if you want Austrian investment advice, you should avoid seeking enlightenment from academics and follow one of the major Austrian-influenced über-gurus instead, most of whom can be counted on the fingers of a three-fingered man named Slim, who’s often out of town.

One of these inspirational gurus – a man who I’ve been lucky enough to get to know personally – is Doug Casey, Chairman of Casey Research, gun owner, polo player, cigar smoker, whisky drinker, and an all-round true American, which in this Hamiltonianesque age has become an unfortunately rare and endangered breed.

In the finest tradition of his writing, Doug Casey’s latest unmissable book, Totally Incorrect, isn’t merely politically incorrect, it is precisely and exactly the opposite of everything that the Gramscian leftists – with their Orwellian obsession on the power of language – want you to read.

Where Gramscians and their benighted ilk broadcast lies, propaganda, environmetalism, socialism, and fascism, Casey broadcasts nothing but the pure gold of truth, unalloyed with tungsten, though perhaps delivered inside a cold steel jacket spinning behind a diamond-tipped nosecone.

The book consists of a faithfully unedited collection of the best Conversations with Casey, gathered over the years and transcribed by his regular conversational partner, Louis James, the editor of International Speculator. Although it’s true that there is a little repetition when you read all of these penetrating conversations in one hit – as I did on a six-hour flight from Kuwait City to London – it is all the better to get the flavour of these conversations in the raw, as they happened.

Along the way, instead of being told by an Austrian professor about what’s going to happen, as we wanted to discover at the start of this review, you learn something far more lucrative and valuable instead. That is, how to answer such questions yourself, from inside the heart of your own mental, intellectual, and experiential resources.

So if, as defined in the book, the word education arose from ancient Rome with its meaning “to lead by drawing out”, this makes Totally Incorrect the most educational book I have read in quite some time.

And if learning about the guts of investment fails to raise your Millenium Falcon, the sheer entertainment power of a politically incorrect raconteur describing Fidel Castro in the flesh, the pain of a polo ball hitting your foot at a hundred and twenty miles per hour, or what it’s like to watch a car crash from inside a tumbling Ferrari, ensures that this collection of conversations is a great rollercoaster read in its own right.

Just to make his book ultra-perfect, perhaps the author might also have toted a pump action shotgun on the front cover, along with the whisky and the cigar. Although this might have broken the contemplative mood, it would certainly have been visually descriptive of many of the passages inside.

However, aside from that minor quibble, this book made my flight from Kuwait pass by in a flash. And when I got a sarcastic response from the passport-checking drone at the other end, at Heathrow, when I refused to thank her for checking my papers, or indeed when I refused to speak to her or to visibly acknowledge her existence at all, my inward smile over this tiny personal victory over the state really did make my day.

So thank you Doug for reminding me who is in control of my life and for encouraging me to dream of the day when all the passport checkers are made by the free market to go and do something useful instead.

The Great Gold vs Bitcoin Debate: Casey vs Matonis

12 Apr


Yesterday, following the Mt. Gox takedown, I acted as referee between Doug Casey, of Casey Research, and Jon Matonis, of Bitcoin Foundation, as they discussed the relative merits of two free market monies, gold and Bitcoin. It was a great contest.

Episode 121: Doug Casey of Casey Research debates e-money researcher and “crypto economist” Jon Matonis on the virtues – or otherwise – of Bitcoin, and how it compares to gold as a form of money.

Casey, a Bitcoin sceptic, notes that Bitcoin satisfies Aristotle’s definition of what constitutes “good” money in all but one important aspect: that it doesn’t have value in any kind of non-monetary sense, unrelated to its use as a medium of exchange. This is in contrast to precious metals, which have unique chemical properties and uses in an industrial context.

Matonis argues that this is unimportant set against Bitcoin’s strengths: notably the ease of transacting in them and its decentralised nature, meaning that there is no central point of attack for its enemies (whoever they may be). He also points out that – unlike gold – physical confiscation of Bitcoin, a la FDR in 1933, is for obvious reasons impossible.

This podcast was recorded on 11 April 2013.

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