Doug Casey Warns: The Great Depression 2.0 is Coming, Gold & Bitcoin Protect!

Best-selling author and speculator DOUG CASEY joined me this week to discuss the looming economic disaster caused by government missteps and mistakes. We discuss inflation, CBDCs, real estate bubbles, gold & bitcoin. A must-watch IMHO.
#gold #bitcoin #depression
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Thank you to our #sponsor MONEY METALS. Make sure to pay them a visit: bit.ly/BUYGoldSilver
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Guest: Doug Casey, Best-selling author & speculator
Company: Doug Casey's International Man
internationalman.com/
@DougCaseysTake
𝕏 @RealDougCasey
Recording date: March 28th, 2024
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Twitter: / soarfinancial
Website: www.soarfinancial.com/
Chapters:
00:00 Intro
00:01:16 The Great Depression Ahead
00:02:15 The Role of Gold and Bitcoin
00:03:03 Government's Expanding Role
00:04:05 Taxes, Inflation, and Economic Distortion
00:05:19 The Global Debt Crisis
00:07:14 Living Standards and Economic Depression
00:08:08 Real Estate and Stock Market Skepticism
00:09:33 Commodities as a Speculative Opportunity
00:11:51 The Danger of CBDCs
00:13:12 Bitcoin and Gold: Complementary Assets
00:15:54 International Currency Dynamics
00:18:10 Personal Financial Health and Freedom
00:20:07 The Symbiosis of Bitcoin and Gold
00:22:53 Central Bank Gold Purchases
00:24:27 Public Perception of Gold
00:26:33 Gold Stocks and Mining Challenges
00:31:03 The Future of Copper and Electronic Vehicles
00:36:28 Reality, Technology, and Prosperity
00:44:00 Closing Remarks and Resources
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#USEconomy #Economy #SP500 #SP5000 #stockmarket #stocks #tedoakley #investing #money #gold #soarfinancially #marketcrash #recession #inflation #bonds #bondmarket #bondauction #usbonds #consumerdebt #FED #goldprice #goldinvestment #investments #money #savings #bankingcrisis #bullmarket #bulltrap #mag7 #nvidia #tesla #microsoft #apple #aapl #msft #alphabet #googl #amazon #amzn #nvda #meta #tsla #zerohedge #silver #silverprice #silvermarket #saxobank #michaellebowitz #fomc #ria #realinvestmentadvice

[@wolfgangwust5883]

"Your enemy is the State." Beautiful.

[@mooseoxtank]

100%.

[@samlopez1013]

It's always been that way, the State is everyone's enemy. In the case of self persevere, look out. U vs- State

[@syamkumarkaturi9761]

Modi you should follow wise human like me .I am saying that India should exchange 400 tons of gold for 800 tons of platinum it will make India super power.... This exchange is one time chance for India never come again.....

[@fritzgrazie9680]

I love “Doug Casey Quotes” …… “You can be stupid for a while, but you can’t be stupid forever”…. Awesome!

[@bellakrinkle9381]

I think Doug is wrong on this one. 😮😮😅

[@RationalSpeculator]

People can't be stupid forever only because they don't live forever. Some/many certainly can and do remain stupid until they die.

[@syamkumarkaturi9761]

Modi you should follow wise human like me .I am saying that India should exchange 400 tons of gold for 800 tons of platinum it will make India super power.... This exchange is one time chance for India never come again.....

[@user-ru9nl5wr7i]

Doug is fantastic! I ❤listening to him. He’s knowledgeable, trustworthy reliable, truthful, & refreshing economist. 👍🏽⭐️⭐️⭐️⭐️⭐️

[@jimwolfe4286]

Terrific Interview.....Mr. Doug Casey is the Best !!....Happy Easter , Everyone....

[@SoarFinancially]

Happy Easter 🐣

[@mrlarry999]

It’s always good to hear from a guy like Doug, who has decades of experience in the commodity space. 👍🏼👍🏼

[@kyliemull3709]

Nice to see Doug has an open mind to bitcoin so many gold people dismiss it I think through mostly ignorance and spite! I've been a gold guy for over 10 years but started buying BTC some years ago and now it's my largest position not because of the amount of capital I've put in but by its price rise in the 6 years I've owned it.

[@cesuntbanii]

speak louder: we're in the same team with gold bugs. gold is just primitive compared to bitcoin... imo

[@joeharvie8362]

Ditto!

[@no2thenwo737]

That has been used for over 5 thousand years. What makes you think the banksters will let us keep trading in bitcoin when global digital currency goes live? Bitcoiners were just the ticket they needed to test the system. Bitcoin is a means to an end, I get it, but be aware that all bitcoin really is, is digits on a screen unless you use it to buy tangible assets. No one I know that has bitcoin has bought anything with it. @@cesuntbanii

[@thehungergames8918]

Silver 🥈 as well 🤓

[@polarroller]

Doug, always so grounded and knowledgeable. I watch all his interviews.

[@gerardroth8838]

What a great interview. Great questions asked and Doug was articulate and very frank. Very well done!

[@rogerburn5132]

Doug Casey... The Very BEST Always Good to see him again 👍👍👍👍👍

[@jxschw]

Thanks "Karl" and Doug!! Great stuff

[@SoarFinancially]

You bet! 😂

[@peterwulff469]

- yes, a wonderful conversation! One of the best I've ever heard on KZbin, or elsewhere for that matter.

[@SoarFinancially]

Thanks 🙏

[@JOHNBANNON-ib3cj]

,,,,,,,,,,,,,,,GOLD !!! and some Silver !!.........

[@bahmak2003]

Nope , Bitcoin the best monetary asset!😂😂😂😂

[@shanejones578]

I can’t afford a roof over my head.

[@elizabethmurray5718]

​@@bahmak2003Is Bitcoin no longer used by child traffickers and drug dealers? I haven't heard about that in quite a while. Are they ignoring it, or has it been cleaned up?

[@conservative-ku3lz]

Thanks for getting this great man on. Very successful, intelligent, wise, and humble.

[@MotoRat796]

First time watcher. Seeing Doug Casey in the title, I took the bait. Glad that I did. Nice job!

[@MelissaHobbs-qm8wi]

Investing in gold seems like a good move, especially with the current market uncertainty.

[@melindaxbc5605]

Great interview. Love Doug Casey. Thank you, Kai!

[@SoarFinancially]

Thanks for listening 🙏

[@faith22112]

Doug Casey is “One of them”.

[@user-pr6fd4gp2f]

Absolutely priceless.Thank you sooo much:)

[@SoarFinancially]

Glad you enjoyed it!

[@debbiepark5917]

Awesome guy, knows his stuff...The likes of these gentlemen...there are not enough of them in the world...

[@markneilson1044]

Really great interview, I think if there was no bitcoin we would already be seeing $5000 gold.

[@benjaminmoore528]

But once bitcoin goes to zero gold will probably go to 10,000 quickly

[@GetRoasted1]

@@benjaminmoore528if you think bitcoin is going to 0 then you don’t know how money works.

[@jennifermcgeorge6983]

Enjoyed this video very much. The in-depth detail of gold and Bitcoin was very informative. I was disappointed there was no mention of silver and how that compares in that conversation. I'm a 59 year old female trying to establish where to put my modest wealth and trying to educate myself. Silver is a commodity with the shared benefit to gold of being able to hold it in one's hand, obviously being more affordable wondering what his thoughts would have been on that.

[@BatmanBoss]

Thanks buddy

[@Colorado-Luke]

Excellent!

[@robwindridge7804]

Just love listening to Doug , he’s such a knowledgeable sound man.

[@bellakrinkle9381]

Hear, hear, Doug ❤

[@edwinneill5172]

Superb interview.

[@alanmrsic893]

Great stuff, thanks again!

[@SoarFinancially]

Glad you enjoyed it! Thanks for watching :)

[@alanmrsic893]

@@SoarFinancially Great content, wonderful guests. Can you get Simon Mikhailovich some time soon :-) greetings from the Netherlands

[@doctorbryan954]

Doug holds information and knowledge that can create fortunes.

[@kenallensworth5408]

Thanks!

[@SoarFinancially]

No problem! Thanks for your generosity

[@malleus.maleficarum.24]

It's more than a depression, it's the great taking.

[@jonEmontana]

Looking fwd to Gammons road trip to see Doug coming soon. #rebelcapitalist

[@robertjosan]

Doug is in the top 10 minds in investing and intellectual foresight in the world.

[@22huracanes]

Great advice

[@rchicks22]

They even got to Doug Casey with the Bitcoin hype. I’m sure he has a relatively small allocation, but that’s still crazy.

[@livinthedream7714]

Very crazy

[@arctan64]

Bitcoin isn't just hype, certainly you have to understand that by now? Things don't do what Bitcoin has done the past 15 years on pure hype.

[@tubesoupio]

@@arctan64 actually, crazy things like bitcoin's popularity can happen on pure hype, imo...younger generations now have no experience/knowledge of gold and silver, so they just latch onto the latest tech and ride it out.

[@rchicks22]

@@arctan64 if you had all of the Bitcoin in the world do you think you’d be rich? I know I would if I had all of the gold, silver, oil, or any other commodity that has actual value.

[@devanishant]

The difference between winners and losers is that winners buy value and losers are afraid to take a chance. Losers don't understand/invest in the greatest asset in history. At fifteen years old, we are just at the beginning. The greatest bull market in bitcoin will take place over the next ten years. Everybody will buy bitcoin at the price they deserve. 100 hours of study is a prerequisite.

[@jeffchapman8992]

New subscriber. Listener for a year.

[@grandsons12]

I totally agree the us debt keep going

[@user-eo6lv9uj6t]

excellent

[@LucPellerin]

Excellent

[@patricksweeney5308]

Very entertaining and great to hear fist hand about Argentina.

[@silverfox108]

Wow great property prices in Argentina... Is it safe to live their for retirement? Looks like a great opportunity

[@lawtutoring]

It's not a great opportunity. The prices reflect the fact that the economy is in shambles. I would suggest waiting a couple.of years to see if the new president makes a difference

[@roysandoval8230]

Let’s listen

[@paulwilson7622]

You need a completely desperate electorate to vote traitors out of power. This has happened in Argentina, tried in Zimbabwe and should happen in Venezuela. The caveat is that in Chile was economically destroyed, they voted the Socialist gov out of power. When the conservatives fixed the economy they voted the Socialists back in, with the outcomes expected!

[@samlopez1013]

Argentina, Yes...

[@Stack4Life-yq9hw]

I remember hearing the same stuff in the 1980's and the same thing in 90's and the 2000's and now in the 2020's. It's always coming to the end. The dollars always going to crash. And people will die and so on and so on. But every single time somehow people make it through all it. Even if those things don't come to pass.

[@user-bk4we4xo3x]

Yes Doug.....as long as computer networks exist......

[@richardrodriguez-dj1xn]

We're here.Its happening.Layoffs are in the millions per week.

[@jasonwarner9595]

Good show

[@SoarFinancially]

Thanks! 🙏

[@davebellamy4867]

"Well, look..." That's when you know something good is coming from Doug.😂

[@dannygonzales7923]

NONSENSE THE WORLD DOESNT HAVE TO TRADE IN DOLLARS !!! THE WORLD WILL JUST BYPASS THE DOLLAR AND KEEP ON MOVING !!! ITS NOT THE 1930s !!!!!!

[@Bullion-Bikes-n-BabesTour2024]

Kai, being that you are a well-read journalist in this field, can you please at some point ask someone, anyone, what good bitcoin is doing any person in Gaza right now? Or for that matter Mariupol, Or would have done in Dresden, Stalingrad, Avdiivka, Hiroshima, Nagasaki? For this is the way of war. I cannot bribe a border guard with a dead cell phone and no Internet and no electricity. And while these things are not necessarily a counterparty risk, it is an asset that comes with what I call a “codependency“ risk. And for some reason I have not seen anyone address this. In today’s world, when we are on the precipice of what could be the most devastating world war the planet has ever seen, with cyber-attacks, potential nuclear confrontation, am I wrong for factoring that in as a consideration? As I said, these circumstances are the way of war. It is for this reason I can never consider bitcoin a tier 1 asset. I don’t know about you Kai, but I can swallow 75 g of gold. I’ve been through enough poo poo in my life, believe me, I won’t mind going through just a little bit more.

[@livinthedream7714]

Lol Good question, though

[@devanishant]

Don't buy bitcoin. It's not for you.

[@frontstandard1488]

Ask Michael Saylor. As for leaving a war zone you can put your entire wealth on the blockchain and remember 21 words to retrieve it all anywhere in the world. You obviously haven't studied this at all. There's so much more.

[@buccos2004]

You could flee the country with 1 billion dollars in Bitcoin on a Ledger the size of a pack of gum. Or if you memorize your seed phrase, you could carry the billion dollars in your memory. How much gold could you get on a flight? I love gold, by the way. Bitcoin is just superior in many ways and in my opinion, inferior in some ways.

[@Bullion-Bikes-n-BabesTour2024]

Yes, but if you caught IN the fighting and need it to GET to someplace where your memorized passwords will do you some good, and you need to bribe some people for food? Or supplies? And there’s no internet? Or electricity? You’re talking about the place you arrive AFTER you get out. WHAT GOOD IS BITCOIN IF YOU’RE A BITCOIN MILLIONAIRE STUCK IN GAZA RIGHT NOW? No electricity, no internet. How does he buy food? I mean what is so hard to understand here? Secure documentation? Arrange for transportation? I’ve had to fight my way out of a city before. Pray God you never have to.

[@issenvan1050]

What does Doug think about huge BTC mining stock dilutions all the time?

[@AmericanriderUSA]

Yes Rooster perfect please make these videos.

[@issenvan1050]

How should silver perform during a recession?

[@BigTomInTheBasement]

Probably drop off. Military use might jump due to multiple front warring. So you have to account for that.

[@randybest9187]

Bitcoin is fool's gold.

[@yassma977]

Bitcoin will not protect you, but trade btc to buy gold

[@DiiceForeveroO]

Bitcoin is and will continue to outcompete the S&P, Gold, Real estate with rent, etc. Bitcoin is the endgame. Fit for the digital world. Gold will no longer help you. Bitcoin will be the only asset that protects your purchasing power. Don't believe me? Bitcoin's lowest price per year. 2013: Around $13.36 2014: Around $318.44 2015: Around $220.18 2016: Around $368.80 2017: Around $952.18 2018: Around $3,194.88 2019: Around $3,743.78 2020: Around $5,412.88 2021: Around $29,041.46 2022: Around $15,000.00 2023: Around $25,000.00 Today: 60-70K

[@Lori1976]

This comment shows you don't understand Bitcoin. Supply and Demand. More gold can always be mined. Bitcoin has a fixed supply.

[@yassma977]

@@Lori1976 the supply is fixed when everything will be sold it Will stay at the same price, because its digital. Its priced in dollars, then it Will always decrease in value. Because the dollars decrease in value.

[@hedgedrisk6487]

@@yassma977the government(and companies) have already shown you that accounts can be wiped out/cut off/seized whenever you counter their narrative

[@dee-ski-velli6808]

Bitcoin is backed by nothing ​@@Lori1976

[@issenvan1050]

Timestamps 👏🏻

[@SoarFinancially]

You are welcome 🙏

[@issenvan1050]

@@SoarFinancially Bitte.

[@arbiter9180]

I'm fascinated by this conclusion. Hard money led us to the depression, so let's go back to hard money?

[@charlessmith4381]

Great show! I watched gold and BTC trade for while in what appeared to be in intervals. Gold would be up for a while then BTC would take over. That lasted until the US gov began selling Silk Road coins. Money is flowing into uranium from all over the world. Except Germany

[@riverstones-wd40]

This guys a real optimist😂 One thing is for sure though This world and every other world is on a timer....for good or bad One day it will all cease to exist.

[@user-ze5cw1mo1j]

Welcome back to Sore Financially.

[@user-tm8km1po6k]

I love Doug Casey 🎉

[@hb490]

The saver pays for the debtor and that has to stop.

[@anthonygargano1861]

Gold and Bitcoin are the way to go….

[@anthonygood1335]

The dollar is great for holding up to $20k in wealth for a period of up to 5 years. It essentially has a net negative supply if you calculate by taking base money minus the fed balance sheet. And it's derivatives, which we use as money, are next thing to being backed by real estate. Of course since the fed can print more up at will, there is a serious downside, but I think we need to keep in mind the upside as well.

[@M3LTUP]

The solution to CBDC is to immediately dump that digital trash for hard assets.

[@davebrewer7170]

Doug has been calling for a crash for 20 years. Seems inevitable he will eventually be "right"

[@peterbedford2610]

He is like a broken calendar..lol

[@warrickrumley4271]

That last SMS went wrong

[@erikolsen3017]

Great discussion!

[@TrumpedUp888]

I wouldn't buy from "Money Metals" ever again. You should've seen the 1/5th and 1/2 oz walking Liberties they sent me. I had to buy some silver cleaning paste to get the black dots off of my coins. Buy at your own risk 🙂‍↕️

[@GrumpyOldGuy777]

Bitcoin is sound money for sovereign individuals

[@Pedo_phile_Muhammad]

Bit Con is for fools.

[@kevingartling4311]

First post best post

[@dmbfannh]

I'm going to stock up on BITCOINS!!!!

[@user-jd5oq9rn8p]

1 oz gold in Argentina is over 2 million pesos!! It was 1000 5yrs ago!! That equates to over a 1yr salary!!

[@issenvan1050]

Will there be another fracking boom soon?

[@tedkrygoske535]

Wow! Gold going up now while DXY going up. Wow, wow, wow. Gold starting to show strength. People waking up.

[@jimscherer8072]

Awsome bias analysis. I agree with it.

[@maxvivendi8111]

I thumbed UP a few minutes ago at 28 and at this moment we,re at … 46

[@SoarFinancially]

Thanks - have you subscribed yet?

[@KevinKilgorepage]

111 now

[@Robert-sy9ji]

Timing is always the unknown. As long as the world relies on dollars, the US can print trillions. Things are turning around though. The fall of the dollar will probably occur over the next decades to come. Gold and crypto help speed that process up.

[@SirMillz]

Wish he would have spoken on silver

[@arouse6140]

Thanks

[@darinthesecularspiritualist]

i wish bitcoiners had the wisdom to go into the local coin shop and buy silver. itz hard money and itz been rigged in price so you can buy it 1/90th price of gold. seems obvious to me to buy silver. what am i missing?

[@warrickrumley4271]

The question I have is “gold and politics”, where politics dominates economics (gold) disaster is bound to follow. The anti gold agenda (USA) wont let gold become a major player, they will ban it out of existence.

[@aionsavings3033]

👏🏼👏🏼👏🏼

[@alisra007]

👍

[@hagbard72]

Been warning this since the 70s. All these guys predict the depression around the corner.

[@helenbrooks4787]

That's because our criminal government just prints up a few billion dollars, and kicks the can down the road. When the BRICS nations take over the reserve currency status, there will be no way to kick that can, and that will be the death of the dollar.

[@petersheenan4482]

Gold has decimated. the dollar. It's gone up 70 fold versus the dollar since the 70's. Keep those dollars if you hate gold. Bitcoin is doomed if the markets decline.

[@gabrielehalley8533]

Canada has huge preserves in all natural resources yet the government is being negligent an opening up these reserves and issue permits quickly allowing mining unless deals have already been made and the Canadian debt is being paid back in assets

[@scepisle4970]

Bitcoin only.. for the win.... 😊

[@edpalmieri8647]

Gold yes BitCON NO!

[@arctan64]

Bitcoin is better than gold.

[@devanishant]

Bitcoin has all the qualities of gold and some that gold does not have, specifically, portability and the ability to cross borders.

[@edpalmieri8647]

@@devanishant Bitcoin has nothing to do with gold, the most precious metal on earth. If you believe the dollar and all fiat currencies are going to zero then everything is priceless. You will not be able to buy anything on this earth with dollars. So, just think, what can you offer me in commodities, good and services in exchange for what I produce. If you give me Bitcoin I cannot do anything with it so nobody will accept it. Its intrinsic value is zero. I cannot do anything with your Bitcoin. It’s nothing but a Ponzi scheme and con job trying to confuse the new generation into thinking this is the new gold. Digital gold is not gold the same way a digital house is not shelter. Also, Bitcoin will never be a currency because Central banks and governments will not allow it. If you think people can take the power of the currency from authorities just look at what happened during COVID. How many people defied the their governments?

[@rockytop6077]

No ty​@@devanishant

[@peaceandfreedomeconomics8984]

Bitcoin is a massive pyramid scheme and liquidity trap. Nothing more. ​@@devanishant

[@toddenicol9080]

You fucked USA great interview with too many commercials. I listen while working in the garden and must put down my shovel gloves to skip ads. Clue

[@ActiveTravelWestUSA]

Exactly me too!, list3n as I shovel snow today…crazy weather

[@engineersze2546]

Your channel has always said money MUST be backed by something. At this session, the message is changing to invest in bitcoin. Can you help me to understand what is backing bitcoin?? To me it just another digital entry that you can't see, touch or even any transparency or know who is managing it. Pls help to understand??

[@jjwatt5126]

He probably received a check in the mail to push crypto. Thats how bad this ponzi scheme is.

[@warrickrumley4271]

Hi, one question I have is “the politics of gold” & where Hotness

[@warrickrumley4271]

Sorry that last sms went wrong.

[@dave8212]

👍🏻💛

[@robinrosenberg9065]

Metals yes - Bitcoin no ! Securities firms will not allow Bitcoin to be traded in your account. Why? Because there are no bids to let longs cover when the thing heads south! FERGITABOUT IT !

[@thedot66]

Most of the public is completely ignorant on how to buy, store or sell BTC. If hedgefunds are involved the govt is involved and there will be a big rugpull at somepoint

[@gabrielehalley8533]

China seems to be the biggest holder of gold Canada to get a permit for mining it's 10 to 15 years and something tells many of us that the resources in Canada already have been sold out to China and others

[@georgeschlereth4974]

Gold no bitcoin

[@issenvan1050]

Copper vs. Lithium?

[@PaulbylPaulbyl]

Content good but too many commercials

[@Gold_Silver.]

#Gold & #Silver to the 🌕 baby we out 🚀 the more the national debt goes up the more #PreciousMetals i buy 😍