Casey Research

Doug Casey on the Disturbing Trend to Tax Savings and Eliminate Cash

by Doug Casey                   International Man: Let’s start with the basics. What exactly are negative interest rates? Could they exist in a free market without state intervention? Doug Casey: Right now, over $17 trillion of bonds, and a lot of bank accounts—especially in Europe—are offering negative interest rates. It’s something that can only exist in Bizarro World, something that’s really a cosmic impossibility in a normal world. It’s especially true since almost all the world’s banks are zombies—bankrupt. Fractional reserve banking—which is only possible in a world where central banks control the money supply—is intrinsically unsound. The economy is head over heels in debt. If things slow down—as they do now, due to the hysteria over The Virus—lots of loans will go into default. It won’t be because of The Virus itself, however. Coronavirus is just the pin that broke the bubble. Negative rates are a political phenomenon, not a market phenomenon. It’s quite amazing to see bankrupt governments issuing negative rate bonds. It’s what’s been called return-free risk. The whole financial world is in a bubble because of the trillions of currency units created since the crisis unfolded in 2008. Bonds are in a hyper bubble—the worst possible place to be. They’re a triple threat to capital—interest rate risk, currency risk, and default risk. And, again, at negative rates, they are truly a return-free risk. Negative interest rates are being enforced by governments and central banks for several reasons. First of all, … Continue reading

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A True Story: How I Ended Up Next to $8 Million Worth of Tequila

Note from Dudley Pierce Baker, founder of Common Stock Warrants and Junior Mining News. I am the Dudley/Daniel referred to the this article below and yes, it was an incredible day with E.B. Tucker and John and especially meeting Felipe, the owner of G4 Tequila. Being the nature of competition I guess, E.B. did not

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Having a US Passport Is No Longer an Advantage

Doug Casey on Why Having a US Passport Is No Longer an Advantage by Doug Casey                       International Man: In recent years, record numbers of Americans are renouncing their citizenship. What is going on here? Doug Casey: Well, it used to be that having a US passport was a tremendous advantage. But over the years, it’s turned into an albatross around the necks of the people who own one. America is the only major country in the world that taxes its citizens no matter where they live. Even if an American moves abroad—he never returns or even sets foot in the US again—he’s obligated to file taxes and, at best, can get a $100,000 or so exemption on earned income. That makes it extremely costly to be an American. But on top of that, the US government forces Americans to file many forms having to do with their foreign financial dealings. And they’re precluded from buying various assets or investing in various countries. There are other disadvantages too because of the aggressive foreign policy stance that the United States has taken, certainly since World War II: invading numerous countries. If a terrorist takes over an airplane or hotel, it’s unlikely that they’re going to want to execute all the Mexicans or all the Latvians; chances are they’ll want to single out people who carry US passports. Actually, there are no longer any advantages to being an American and lots of disadvantages. … Continue reading

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Gold Mining Stocks… and the Power of Leverage

Expert: Gold Will Break Its All-Time High By E.B. Tucker , editor, Strategic Investor November 6, 2019 Note from Dudley Pierce Baker, Junior Mining News & Common Stock Warrants I had the opportunity to visit for several hours with E.B. earlier this year. He is very passionate about his opinions and views on the markets, most

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Why Commodities Are Poised for Their Biggest Rally in 50 Years

By David Forest February 2, 2019                         Justin’s note: Today, we hand the reins to Casey Research’s in-house commodities expert, David Forest, who says commodities are primed for an explosive bull run. In fact, as you’ll see, this could be their biggest rally in 50 years… and now is the time to take advantage. Read on to get all the details, including a “one-click” way to get exposure today. By David Forest, editor, International Speculator It’s the most important chart in the resource space today… And it’s telling us that commodities are primed for their biggest rally of the last 50 years. Why is this the best setup for commodities in half a century? • Take a look below… The chart I’m referring to tracks the S&P GSCI – which tracks prices for 24 commonly traded commodities – relative to the S&P 500. We’ve labeled a few important events on it… When the blue line on the chart is rising, commodities are getting more expensive relative to the S&P 500 – a good proxy for the U.S. stock market. When the line is falling, commodities are getting cheaper relative to stocks. As you can see, when commodities are at historic lows relative to stocks [green circles on the chart], it’s been a great time to buy. For instance, two entry points for investors in the past were in 1971 – after we went off the gold standard – and in 1999, at the … Continue reading

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