Doug Casey: ‘We are Heading Toward The Greater Depression’

Source Market Sanity

Video first released on 4/6/14

“The problem that we face in the world today is that almost all – in fact I’ll go so far as to say all of the world’s governments – are actually bankrupt, and the fact is, the world’s banking system is bankrupt as well…Both governments and the big banks are like a couple of drunks standing up holding each other up. The both should fall down. The entire world has become too financialized at this point. People are concentrating not on producing real goods and services, but on trading things and paper securities and so forth. This is a giant bubble that’s going to burst.”



Doug Casey’s interview begins at 12:45

“I’ve been saying for years that we are heading for something that I call The Greater Depression…I call it The Greater Depression because I expect it to be much worse and much greater than what we went through in the 1930′s.”

Doug Casey is an American-born libertarian economist and advocate of the free market. He is a bestselling financial author, international investor, entrepreneur, and the founder and chairman of Casey Research, a provider of subscription financial analysis about specific market verticals including natural resources/metals/mining, energy, commodities, and technology. Since 1979 he has written or co-written the monthly metals-and-mining-focused investment newsletter The International Speculator. He has authored four books, including Crisis Investing, the top-selling investing book of all time, and Totally Incorrect. His latest novel is called Right On the Money

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