Doug Casey on Forbidden Topics & Phyle Questions
Ep.#279
Today Doug Casey discusses two sacred cows - Democracy and Religion along with a certain verboten 20th century German leader. And, he responds to questions from the phyle.co.
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Time Stamps:
The encounter of Joseph Smith with the angel Moroni [00:01:24] Discussion about the founding of the Mormon religion and the significance of Joseph Smith's encounter with the angel Moroni.
The value of artwork and the pricing of Bob Ross's painting [00:06:46] Exploration of the subjective value and arbitrary pricing of artwork, specifically discussing the $98 million asking price for Bob Ross's first painting.
The book "Democracy: The God That Failed" by Hans-Hermann Hoppe [00:11:45] Recommendation and discussion of the book "Democracy: The God That Failed" by Hans-Hermann Hoppe, exploring the author's perspective on democracy and the potential merits of small principalities.
The dollar crash and moving to Argentina [00:13:35] Discussion on the potential consequences of the dollar crashing due to money printing in the US and the suggestion to move to Argentina and consider alternatives like gold or bitcoin.
Staying rich in uncertain times [00:14:43] The challenges of staying wealthy in a volatile economic climate, including the risks of holding dollars, and the idea that in a depression, the winner is the person who loses the least.
The Japanese bond market and financial chaos [00:17:08] The potential catastrophe of Japan's near-zero interest rates and the risks associated with the yen and the Japanese bond market, along with the mention of a 100-year bond trading at a much lower value than its original coupon.
The importance of knowledge [00:24:49] Discussion on the significance of factual knowledge and the ability to discern and counteract false information.
Private placements and finding good deals [00:27:02] Exploration of the process and challenges of private placements, including the need to attend mining conferences and establish connections with companies.
The Balkans and economic stability [00:32:31] Conversation about the Balkans' historical instability and tribalism, raising doubts about their ability to fare well in an economic collapse or depression.
Thomas Jefferson's exercise against the Barbary pirates [00:36:44] Discussion on whether Thomas Jefferson should have used the US military to combat the Barbary pirates.
Life after the nation state [00:39:01] Exploration of what life might look like after financial, commercial, and political collapse.
Opportunities in Africa for an American veteran [00:43:53] Advice on potential countries in Africa for an American veteran to explore for employment opportunities.
Doug and Matt, The other day someone asked about Mises' regression idea concering how fiat money retains value after getting disconnected from its orginal gold backing. It is common sense: People trust the money with gold backing, trust the money after that backing has been partly taken away, continue to trust it in exchange after the backing is completely removed. They do this because they know the fiat money has always been accepted in trade and commerce, both recently and in the distant past; and so they know it will be accepted in payment today and very probably next month, or next year, or next decade, with that estimate depedent on the knowlege and experience of the holder.
Matt especially might be interested in reading the following, but maybe Doug too. "A Farewell to Virology" by Mark Bailey MD of New Zealand. He explains why the idea of viruses is pseudoscience: not only unproven, but embedded with logical problems discovered in suppressed studies. One study by kidney specialists demosntrated the impossibility of distinguishing between a particlar virus and extracellular vesicles. (That's because they are the same thing). Another study demosntrated that so-called anti-bodies--immune chemicals claimed to bind from memory to specific viruses---are non-specific, meaning they bind to all sorts of substances, not just some alleged virion. Meaning anti-body testing is worthless. Perhaps they should worry about finding the body before assigning it an anti-body.
Private placements are Risky. Several folks say to invest in the best 20 that you can find. One will hit the stars, a very few will break even and the rest will lose some or all.