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DOUG CASEY: “Whenever A Government Says, ‘Don’t Worry, Everything’s Going To Be Fine’—That’s The Tip-Off To Worry”

 
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04/15/2013 02:00 PM

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DOUG CASEY: “Whenever A Government Says, ‘Don’t Worry, Everything’s Going To Be Fine’—That’s The Tip-Off To Worry”
With respect to ‘warning signs’ governments may demonstrate indicating imminent financial collapse, Doug explained that, “One thing that’s a sure giveaway is whenever a government says, ‘Don’t worry, everything’s going to be fine’—that’s a tip-off to worry. Whenever they say, ‘No devaluations [are] planned, no devaluation is going to happen,’ that’s a guarantee that it’s going to happen very, very soon. So those are certainly two things [to look for].”

“I’m of the opinion that all these governments are going to end up destroying their currencies, [and] along the way, you can have massive deflation as well. Take Cyprus for instance, their stock market index back in 2007…went to 3300…[now] it’s [at] about 100. That’s a phenomenal collapse…We’re going to see lot’s of things like that in the future—extreme volatility, where values go from some things being cheap, to being shockingly and unbelievably high like Bitcoin, [then back] to [being] shockingly and unbelievably low…”

“Even in the U.S., people forget that [during the great depression] the Dow Jones fell 93%, [and] at the bottom, when interest rates were very low, it had a 13% dividend yield…after dividends had been cut substantially. So anything can happen in today’s world.”


Commenting on recent price weakness, Doug said that, “What’s going on [could be] the same thing that happened in 2008, where gold went down in the middle of a crisis...

As a final shocking comment to finish up the interview, Doug said that, “All the banks in the world are [now] bankrupt…[and] I think we’re really [into the other side of the hurricane]…2013 is going to be a very tumultuous year and 2014 is going to be [even] worse…and that’s if we don’t have one or more wars that start—serious wars.

[link to bullmarketthinking.com]

Last Edited by PANIK on 04/15/2013 02:00 PM





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