{"id":4398,"date":"2014-05-08T16:01:53","date_gmt":"2014-05-08T16:01:53","guid":{"rendered":"http:\/\/juniorminingnews.com\/?p=4398"},"modified":"2014-05-08T16:01:53","modified_gmt":"2014-05-08T16:01:53","slug":"doug-casey-sees-catastrophic-meltdown","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=4398","title":{"rendered":"Doug Casey sees catastrophic meltdown"},"content":{"rendered":"<p><strong>By Greg Hunter<\/strong><br \/>\n<em>USAWatchdog.com<\/em><\/p>\n<figure id=\"attachment_4400\" aria-describedby=\"caption-attachment-4400\" style=\"width: 160px\" class=\"wp-caption alignright\"><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-4400\" src=\"http:\/\/juniorminingnews.com\/wp-content\/uploads\/2014\/05\/casey160.jpg\" alt=\"Doug Casey\" width=\"160\" height=\"222\" data-id=\"4400\" \/><figcaption id=\"caption-attachment-4400\" class=\"wp-caption-text\">Doug Casey<\/figcaption><\/figure>\n<p>Investor\/author Doug Casey says most Americans are ill-prepared for what is coming. Casey explains, \u201cThis huge recession that started in 2007, and the bottom was 2009 and 2010, has cyclically recovered. So, people think it\u2019s going to be happy days again, but it\u2019s not. The way the government engineered this recovery is by creating trillions in currency units, and as we speak, they are creating $55 billion a month more by buying government bonds and mortgage securities. All of this paper money which is currently sitting in banks, at some point, is going to wash over the U.S. You\u2019ll see very high levels of inflation. It\u2019s going to be quite catastrophic.\u201d<\/p>\n<p>Casey, who has a new video called \u201cMeltdown America,\u201d contends, \u201cThe standard of living for the average American has been dropping for years now. The average American can\u2019t lay his hands on $2,000. A recent poll came out and said 40% of Americans, if they had to get $2,000 cash in 30 days, couldn\u2019t do it. So, things are pretty strapped, and when the economy goes off the deep end again, and I think it could happen this year quite frankly, there\u2019s going to be a lot of unemployed people, a lot of people without any money and a lot of people with a lot of debt. There is nothing the government can do at this point except print more money. The problem is all the money they are printing is coming out of a financial fire hose at the Federal Reserve. The rich guys are where the fire hose is, and the little people are just getting some dribs and drabs. This is why the country is becoming polarized, where the rich are becoming richer and the poor are becoming poorer. It\u2019s exactly because of these government actions that are incredibly stupid &#8230; It\u2019s just bailing out the rich. The prognosis is extremely grim. There\u2019s no way out.\u201d<\/p>\n<p><a href=\"http:\/\/usawatchdog.com\/catastrophic-meltdown-coming-to-america-doug-casey\/\" target=\"_blank\"><strong>Continue reading . . .<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investor\/author Doug Casey says most Americans are ill-prepared for what is coming. Casey explains, \u201cThis huge recession that started in 2007, and the bottom was 2009 and 2010, has cyclically recovered &#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/4398"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4398"}],"version-history":[{"count":2,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/4398\/revisions"}],"predecessor-version":[{"id":4401,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/4398\/revisions\/4401"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}