Doug Casey's Take

Matthew Smith
  • 5.0 (1)
  • Investing

Best-selling author, world-renowned speculator, and libertarian philosopher Doug Casey has garnered a well-earned reputation for his controversial insights into politics, economics, and investment markets. Doug literally wrote the book on profiting from periods of economic turmoil. *Crisis Investing* spent weeks as #1 on the New York Times bestseller list and became the best-selling financial book of 1980. He has been a featured guest on hundreds of radio and TV shows, including David Letterman, Merv Griffin, Charlie Rose, Phil Donahue, Regis Philbin, Maury Povich, NBC News, and CNN; has been the topic of numerous features in periodicals such as Time, Forbes, People, and the Washington Post; and is a regular keynote speaker.

  1. 13 hr ago

    Peace Bombshell & Israel as the 51st State

    Find us at www.crisisinvesting.com Matt and Doug discuss a reported US–Iran peace deal whose MOU hasn't been released, doubting it will last due to Israel–Iran hostility and Israeli opposition, while arguing the US bombing of Iran was unnecessary and that the deal looks like a US surrender with potential reparations (estimated $300B) and possible UAE/private funding plus future service fees after 60 days. They then focus on provisions in the NDAA (Section 219) and an Intelligence Authorization Act measure (Sen. Tom Cotton) that would fuse US–Israel military and intelligence programs, outlining six harms: inability to stop unwanted wars, technology leakage (AI/quantum) possibly to China, US contractors losing business, Gaza-tested AI targeting tools entering US systems, Israeli espionage risks, and irreversible entanglement by FY2027. The conversation also covers Trump's credibility, government involvement in AI companies and energy-hungry data centers, China's open-source AI stance, IMF conditional lending in Papua New Guinea, rising authoritarian security policies in Peru, and broader fears of global conflict. 00:00 Iran US Peace Deal 01:08 Why Bomb Iran 02:31 Israel Leverage Theories 04:21 China Oil Shock Absorber 06:58 Trump Character Spin 10:02 Reparations And Tolls 11:18 Israel Lebanon Sticking Point 12:21 Israel As 51st State 14:59 Six Ways It Hurts 21:36 USS Liberty And AIPAC 24:32 AI Data Centers Bubble 28:24 AI As Strategic Weapon 33:42 World War Three Thesis 36:31 IMF In Papua New Guinea 39:48 Peru Fujimori Crackdown 43:47 Authoritarian Trend Fears 45:44 Hopeful Wrap And Outlook

    50 min

  2. 5 days ago

    SpaceX Rings the Bell While Gold Hits Zero

    Matt and Doug discuss SpaceX's IPO jumping from 135 to about 171 a share and compare the frenzy to the dotcom era, noting its importance for broader market sentiment and Elon Musk's reported trillionaire status. They mention reading Peter Thiel's Zero to One, then pivot to extreme bearish sentiment in gold miners (a bullish index falling from 100 in January to 0 on June 10) and argue this may be a buying opportunity, alongside unloved oil despite ongoing Strait of Hormuz disruptions and prices around $80 WTI/$84 Brent. They cover rising inflation (CPI 4.2%), skepticism about official numbers, and expectations for new Fed chair Kevin Warsh. Subscriber questions include Costa Rica as a destination, tokenized gold's practicality and redeemability, whether to short markets, Ebola risk to Ivanhoe Mines, China's reduced oil imports, distrust of Howard Lutnick/Trump-linked trading dynamics, and whether humanoid robotics could extend the AI bull run.   00:00 SpaceX IPO Buzz 01:46 Thiel Book Talk 04:29 Trillion Dollar Math 06:24 Gold Miners Capitulation 09:26 Inflation Fed Outlook 12:47 Paper Fantasy Economy 16:07 Costa Rica Expat Reality 18:38 Central America Picks 20:17 Tokenized Gold Idea 21:07 Tokenized Gold Doubts 21:39 Swiss Gold Token Update 23:43 Shorting Market Timing 25:33 Ivanhoe Ebola Risk 28:36 Oil Prices and China 34:56 Stablecoins and Power Players 37:51 Epstein Files Speculation 39:04 Robots and AI Bubble 41:18 Trump Tweets and Markets 44:13 Weekend Sign Off

    45 min

  3. 10 Jun

    Special Guest: Tom Woods

    Find us at www.crisisinvesting.com Find Tom at www.tomwoods.com In a wide-ranging discussion, Tom Woods joins Doug Casey and the host to assess current U.S. politics, culture, and economics. Woods reflects on Trump's 2024 win, the apparent retreat and performative nature of "wokery," and a broader sense that public life is "oddly fake," arguing that Trump squandered political capital and abandoned promising ideas like DOGE while ballooning spending, pursuing misguided trade and housing approaches, and attacking right-wing dissenters. They discuss generational divides in information and voting behavior, pessimism about fixing deficits and entitlements, and the likelihood that "reality" will force a fiscal reckoning through unmanageable interest costs or money printing. The conversation also touches on U.S.-Israel influence politics, concerns about deeper military integration, social media's role in mass conformity, the possibility of U.S. fragmentation, and Woods's commitment to keep speaking out and promoting his newsletter and history courses. 00:00 Welcome Tom Woods 00:33 Old Friends on PBS 01:10 Culture Wokery and Faith 04:15 Trump Momentum and Plan B 05:42 Economic Agenda Letdown 06:53 Housing Prices and Mortgages 09:48 Loyalty Tests and Vance 13:47 Israel NDAA and Intelligence 18:19 Censorship and Empire Decline 19:30 Pride Ads and Mass Psychosis 23:01 Social Media Amplifier 25:13 Will America Break Up 30:01 Keep Fighting Anyway 31:43 No Matter Who You Vote 33:03 Owning the McCain Line 34:04 Twitter Algorithms and Links 34:35 Debt Nobody Wants to Fix 39:49 Progress and Modern Comforts 43:00 Phones Amplify Human Nature 44:43 Boomers vs Gen Z Divide 48:19 Self Reliance for Young Men 51:23 Doug Casey Boomer Memories 55:54 Risks Hope and Do What You Can 58:28 Tom Woods Courses and Farewell

    1 hr

  4. 5 Jun

    Is Your Money Safe?

    Find us at www.crisisinvesting.com Matt and Doug open with a light discussion about June holidays, local attitudes toward Pride Month in Virginia, and Trump's unusual AI-style memes, then shift into subscriber questions. Doug explains his cautious stance on sizing into cheap junior mining and gold stocks while wanting more cash "dry powder" amid fears of a potential deflationary market collapse that could temporarily drag miners down too. They discuss whether nuclear weapons and modern city-targeting warfare violate the Geneva Conventions, citing WWII bombings, Korea, Iraq infrastructure attacks, and the devastation and contested casualty estimates in Gaza and southern Lebanon. Doug and Matt touch on eVTOL investing as a regulatory-heavy, early-industry space; risks from Japan rate changes, major tech IPOs, index/ETF dynamics, and speculative options; corn vs. soybeans as a fertilizer play; Doug's views on the soul as unprovable but personally plausible; why Eric Sprott's Forbes cover isn't a top signal; Interactive Brokers for Canadian exchanges; and why inheritance often harms children unless values and education are strong. 00:00 June Holiday Banter 01:12 Pride Flags and Virginia 02:08 Trump Meme Calendar 05:08 Gold Stocks and Dry Powder 08:52 Nukes and War Crimes 13:01 Gaza and Lebanon Fallout 15:22 eVTOL Investing Outlook 18:43 Japan Yen Carry and IPO Top 21:16 Corn vs Soybeans Trade 23:18 Do Souls Exist 27:09 Sprott Cover Top Signal 29:47 Broker for Canadian Stocks 30:13 Inheritance and Raising Kids 35:39 Wrap Up and Next Week

    36 min

  5. 3 Jun

    Melt Up?

    Find us at www.crisisinvesting.com   Matt and Doug discuss whether current markets resemble a melt-up fueled by AI enthusiasm, citing massive gains in large-cap tech and AI-related stocks, surging option speculation including same-day expirations, and the growing proliferation of ETFs. They note trillions sitting in money market funds that could re-enter risk assets, but warn rising rates and heavy government/agency-paper exposure could contribute to a bust. They contrast expensive AI leaders with deeply out-of-favor mining, gold, and oil stocks, arguing commodities may be at new equilibrium levels while producers remain cheap, and point to oil's reduced S&P weight versus 1980. They also question the economic purpose of enormous global data-center buildouts for training ever-more-compute-intensive frontier models. A Washington Post story about a Fidelity account "vanishing" underscores digital fragility, prompting advice to save statements and favor physical gold/silver and smaller, more personal banking relationships.    00:00 Market Melt-Up Talk 00:44 NVIDIA Hype Signals 03:27 AI Stocks Mint Fortunes 05:23 Options Casino Era 07:12 Sidelines Cash and Rates 09:25 Bubble Timing and Sentiment 12:05 Mining and Oil Value Plays 15:19 Geopolitics and Oil Outlook 17:35 Data Center Buildout Boom 20:08 Training the AI God 22:12 Fidelity Account Vanishes 23:27 Account Vanishes Digitally 24:55 Own What You Hold 26:17 Save Your Statements 27:24 Escape Big Bank Hell 30:12 Commodities New Equilibrium 31:20 Buying Physical Gold 31:49 Best Coins For Portability 33:37 Inflation And Dollar Decay 35:18 Ferrari EV Mandates 38:20 Old Ferrari Memories 40:28 Travel Plans And RV Life 42:24 Markets Limbo And AI Top  43:10 Wrap Up And Next Episode

    43 min

  6. 29 May

    Trump's $250 Billion Dollar Bill, CIA Gold Hoard & More

    Find us at www.crisisinvesting.com Matt and Doug take subscriber questions for Crisis Investing while reacting to current events: a reported new $250 bill featuring Trump (and claims about a "gold note"), Trump imagery in passports, and the impact on Americans abroad. They discuss a raid on a CIA supervisor found with 303 kilos of gold, $20 million in cash, and luxury watches, raising concerns about CIA controls and corruption. The conversation turns to the Iran conflict and the Strait of Hormuz, arguing U.S. actions have repeatedly tightened shipping despite talk of wanting the strait open, with tolling, sanctions, and 1,500–1,700 ships reportedly stuck. They answer questions on inflation, Polymarket vs investing, how oil pricing works, what could invalidate their worldview, AI/robotics investing (favoring China/robots), OPEC weakening, skepticism on SpaceX/OpenAI/Anthropic IPOs, oil stocks and dividends, and preferred older vehicles to avoid surveillance tech. 00:00 Subscriber Q&A Setup 00:25 Trump 250 Dollar Bill 03:36 Passports and Global Backlash 05:15 Venezuela 51st State Post 07:00 CIA Gold Hoard Scandal 12:28 Iran War Fog and Losses 13:56 Hormuz Strait Toll and Sanctions 22:40 Energy Prices in Uruguay Argentina 25:38 Inflation Deficit and Collapse Risks 26:51 Betting Versus Investing 27:04 Polymarket And Market Corruption 29:03 Oil Futures Versus Physical 31:24 When The Worldview Breaks 38:12 AI Robots Real Edge 41:52 OPEC Control And Breakup 43:37 SpaceX IPO Bubble Bells 45:55 Why Own Oil Stocks 48:14 Cars Surveillance And Sweet Spot 51:09 Wrap Up And Next Week

    51 min

  7. 22 May

    "This Ends Badly" – Doug Casey on America's Breaking Point

    Matt and Doug discuss signs of consumer strain in the U.S.—record-low sentiment, rising delinquencies, and high prices—alongside a stock market at all-time highs, comparing the disconnect to historical episodes like Germany's 1923 hyperinflation. They argue official inflation measures are unreliable, deficits and money printing persist, foreign holders are cutting U.S. Treasuries, and gold benefits while mining stocks remain cheap; Doug remains long gold, oil, and commodities and warns the AI/data-center boom may be a debt-fueled bubble. The conversation turns to widening inequality, debt-based consumption tools, weaker job prospects even for top graduates, and fears of social unrest and potential civil conflict. They criticize what they describe as escalating corruption under Trump, including a DOJ settlement structure and extensive trading disclosures suggesting insider activity, then discuss elections, AIPAC/Israel influence, speech taboos, and rising generational and ethnic tensions. 00:00 Everybody Wants Love 00:08 Economy vs Market Highs 01:34 Sticker Shock in America 04:28 Inflation Numbers Doubt 05:57 Treasuries to Gold Rush 07:12 Mining Stocks and ESG 08:36 AI Data Center Bubble 10:32 Haves and Have Nots 12:08 Buy Now Pay Later Living 13:23 Decades of Debt Warnings 17:10 Trump Corruption Claims 17:50 DOJ Settlement Slush Fund 24:25 Insider Trading Allegations 25:50 Epstein and Ukraine Talk 28:59 Elections and Voter Trust 32:17 Israel Influence and AIPAC 36:38 Hate Speech and Taboo Topics 40:32 Tribalism and Protected Classes 44:22 Civil War and Generational Rift 47:22 Wrap Up and Next Guest

    49 min

  8. 24 Apr

    Trumps Next Move

    Find us at www.crisisinvesting.com Matt promotes the Crisis Investing newsletter and VIP private placements, citing past returns and highlighting Midnight Sun's gains and the free Experts Roundtable featuring Arizona Eagle Mining. Doug and Matt discuss Spirit Airlines' bankruptcy and criticize a proposed government bailout as state capitalism, then argue the FAA and TSA should be abolished or privatized. They question Trump's claims about saving eight Iranian girls from execution, debate marijuana reclassification, and emphasize personal responsibility and cultural causes of drug use. In listener Q&A, they cover the importance of economics and psychology, skepticism about modern psychiatry, the value of intrapreneurship, risks of invading Iran, defining the deep state, best healthcare abroad (Switzerland, Thailand, Argentina), where private gold is concentrated (China), property vs self-investment, Roth IRA asset choice, private placement minimums, border interrogation, shareholder voting, helium investing limits, tungsten's strategic value, skepticism on South Africa REITs, and the film Barnum World's critique of political rhetoric.  00:00 Newsletter Pitch and Returns 01:21 VIP Deals and Roundtable 02:50 Spirit Airlines Bailout 04:44 Abolish FAA and TSA 05:48 Iranian Girls Tweet Controversy 08:12 Marijuana Rescheduling Debate 12:02 Economics vs Psychology Discipline 16:28 Intrapreneurship at Work 17:47 Invading Iran and Deep State 19:40 Best Healthcare Abroad 21:22 US Healthcare Reality 21:55 Where Gold Is Hoarded 23:33 Property Or Self Investment 27:06 Roth IRA Asset Choices 29:45 VIP Deal Minimums 30:27 Border Tech And Customs 31:55 Shareholder Voting Skepticism 33:13 Helium And Supply Limits 34:40 Tungsten And Critical Metals 36:56 South Africa REITs Debate 40:05 Barnum Statements In Politics 41:58 Wrap Up And Next Week

    42 min
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About

Best-selling author, world-renowned speculator, and libertarian philosopher Doug Casey has garnered a well-earned reputation for his controversial insights into politics, economics, and investment markets. Doug literally wrote the book on profiting from periods of economic turmoil. *Crisis Investing* spent weeks as #1 on the New York Times bestseller list and became the best-selling financial book of 1980. He has been a featured guest on hundreds of radio and TV shows, including David Letterman, Merv Griffin, Charlie Rose, Phil Donahue, Regis Philbin, Maury Povich, NBC News, and CNN; has been the topic of numerous features in periodicals such as Time, Forbes, People, and the Washington Post; and is a regular keynote speaker.

Information

  • Creator
    Matthew Smith
  • Years Active
    2020 - 2026
  • Episodes
    100
  • Rating
    Explicit
  • Show Website
    Doug Casey's Take

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