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Doug Casey: Financial Collapse Will Trigger Civil War. High Unemployment & High Inflation Coming Buy Gold

  • Doug Casey: Financial Collapse Will Trigger Civil War
    by Greg Hunter’s USAWatchdog.com 
    Best-selling author Doug Casey wrote “Crisis Investing” at the time when the U.S. political landscape was transitioning from the Carter Administration to the Reagan Administration. Now, Casey sees a coming crisis that is equal or worse than the Civil War.  Casey explains, “In the U.S. right now, there seems to be so much antagonism it’s almost like pre-Civil War.  There is actually hatred in the U.S. at this point.  It used to be the Republicans and Democrats could disagree, but they could have a civil conversation about a difference of opinion.  Now, it’s active hatred between these two groups.  This is not going to end well.”


    Casey thinks the coming financial collapse will be the trigger. Casey says, “It’s going to come down eventually.  I am worried about that, but we are in a situation where the country seem like it is just before a civil war.  It will be more serious than just a financial collapse, and it is likely to be set off by a financial collapse.”

    Casey says financial markets are all in bubble territory, but the bond market is in the biggest bubble of them all. Casey contends, “What papered things over?  Why did it get better for the last few years?  These governments have lowered interest rates to not just zero but less than zero in parts of the world.  They have created scores of trillions of new currency units which have poured oil on the financial waters.  That currency still exists and it’s going to come out, and it’s going to evidence itself in the form of retail inflation.  So far, it’s just been inflation in the financial markets.  They’ve created a bond super bubble.  They’ve created a stock market bubble.  They have created a real estate bubble in a number of places in the world.  So, this is going to be very, very ugly.  It’s hold on to your hat time.”

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March 22, 2017 - Posted by | Economics, Social Trends | , , , , , , , , , , , , , , , , , , ,

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