Best of the Week
Most Popular
1. Market Decline Will Lead To Pension Collapse, USD Devaluation, And NWO - Raymond_Matison
2.Uber’s Nightmare Has Just Started - Stephen_McBride
3.Stock Market Crash Black Swan Event Set Up Sept 12th? - Brad_Gudgeon
4.GDow Stock Market Trend Forecast Update - Nadeem_Walayat
5.Gold Significant Correction Has Started - Clive_Maund
6.British Pound GBP vs Brexit Chaos Timeline - Nadeem_Walayat
7.Cameco Crash, Uranium Sector Won’t Catch a break - Richard_Mills
8.Recession 2020 Forecast : The New Risks & New Profits Of A Grand Experiment - Dan_Amerman
9.Gold When Global Insanity Prevails - Michael Ballanger
10.UK General Election Forecast 2019 - Betting Market Odds - Nadeem_Walayat
Last 7 days
Why Record-High Stock Prices Mean You Should Buy More - 20th Nov 19
This Invisible Company Powers Almost the Entire Finance Industry - 20th Nov 19
Zig-Zagging Gold Is Not Necessarily Bearish Gold - 20th Nov 19
Legal Status of Cannabis Seeds in the UK - 20th Nov 19
The Next Gold Rush Could Be About To Happen Here - 20th Nov 19
China's Grand Plan to Take Over the World - 19th Nov 19
Interest Rates Heading Zero or Negative to Prop Up Debt Bubble - 19th Nov 19
Plethora of Potential Financial Crisis Triggers - 19th Nov 19
Trade News Still Relevant? - 19th Nov 19
Comments on Catena Media Q3 Report 2019 - 19th Nov 19
Venezuela’s Hyperinflation Drags On For A Near Record—36 Months - 18th Nov 19
Intellectual Property as the New Guild System - 18th Nov 19
Gold Mining Stocks Q3’ 2019 Fundamentals - 18th Nov 19
The Best Way To Play The Coming Gold Boom - 18th Nov 19
What ECB’s Tiering Means for Gold - 17th Nov 19
DOJ Asked to Examine New Systemic Risk in Gold & Silver Markets - 17th Nov 19
Dow Jones Stock Market Cycle Update and are we there yet? - 17th Nov 19
When the Crude Oil Price Collapses Below $40 What Happens? PART III - 17th Nov 19
If History Repeats, Gold is Headed to $8,000 - 17th Nov 19
All You Need To Know About Cryptocurrency - 17th Nov 19
What happens To The Global Economy If Oil Collapses Below $40 – Part II - 15th Nov 19
America’s Exceptionalism’s Non-intervention Slide to Conquest, Empire - and Socialism - 15th Nov 19
Five Gold Charts to Contemplate as We Prepare for the New Year - 15th Nov 19
Best Gaming CPU Nov 2019 - Budget, Mid and High End PC System Processors - 15th Nov 19
Lend Money Without A Credit Check — Is That Possible? - 15th Nov 19
Gold and Silver Capitulation Time - 14th Nov 19
The Case for a Silver Price Rally - 14th Nov 19
What Happens To The Global Economy If the Oil Price Collapses Below $40 - 14th Nov 19
7 days of Free FX + Crypto Forecasts -- Join in - 14th Nov 19
How to Use Price Cycles and Profit as a Swing Trader – SPX, Bonds, Gold, Nat Gas - 13th Nov 19
Morrisons Throwing Thousands of Bonus More Points at Big Spend Shoppers - JACKPOT! - 13th Nov 19
What to Do NOW in Case of a Future Banking System Breakdown - 13th Nov 19
Why China is likely to remain the ‘world’s factory’ for some time to come - 13th Nov 19
Gold Price Breaks Down, Waving Good-bye to the 2019 Rally - 12th Nov 19
Fed Can't See the Bubbles Through the Lather - 12th Nov 19
Double 11 Record Sales Signal Strength of Chinese Consumption - 12th Nov 19
Welcome to the Zombie-land Of Oil, Gold and Stocks Investing – Part II - 12th Nov 19
Gold Retest Coming - 12th Nov 19
New Evidence Futures Markets Are Built for Manipulation - 12th Nov 19
Next 5 Year Future Proof Gaming PC Build Spec November 2019 - Ryzen 9 3900x, RTX 2080Ti... - 12th Nov 19

Market Oracle FREE Newsletter

$4 Billion Golden Oppoerunity

Find Out What Doug Casey Is Buying Today

Stock-Markets / Investing 2015 Oct 21, 2015 - 02:55 PM GMT

By: Casey_Research

Stock-Markets

By Dan Steinhart

Doug Casey was asked to leave the stage…If you’ve never heard Doug speak, you should. His controversial opinions always rile up the room. This time was no different…

The founder of Casey Research opened our ninth annual Casey Research Summit this weekend in Tucson, Arizona, with a lively talk about “the perversion of words.”


Longtime Casey readers know that Doug insists on precisely defining words. “If you can’t define a word,” Doug says, “then you actually don’t know what you’re talking about. Imprecise language leads to sloppy thinking.”

That’s why Doug was fired up to talk about the perversion of language in the United States…

•  Doug said politicians have tried to change the definition of certain words…

“The politicians use these words to control the conversation…and all the monkeys follow along,” Doug said.

“Take the word ‘stimulate,’ as in ‘stimulate the economy,’” he said. “Where did that term come from? It really just means ‘print up money.’ But calling it what it is sounds bad. Politicians don’t want to say ‘print money.’ So they use terms like ‘stimulate’ and ‘quantitative easing’ instead.”

•  Doug also criticized the way politicians talk about healthcare...

“‘Healthcare’ is something you do for yourself. It’s diet, it’s exercise, it’s prudent habits. That’s what gives you health. Your insurance policy, whether Obamacare or something else, can’t maintain your health,” he said.

“The political classes say ‘healthcare’ because everyone wants to be healthy. But what they’re really talking about is medical care. Of course, they don’t use the term ‘medical care’ because it sounds scary. You think of anesthesia and doctors cutting into you. This is why it’s so easy to sell health insurance to the average chimpanzee. Everybody wants to insure their health.”

•  And Doug debunked the value of diversity…

If you’ve paid any attention to politics in the last couple of years, you know that diversity is a hot topic. According to many politicians (especially Democrats), it’s extremely important for every race and gender to be equally represented in all areas of life.

Doug has a different view…

“Why do we need diversity? I don’t see why every room has to have a few blacks, a few Hispanics, and be half-filled with women. Birds of a feather usually flock together. It’s perfectly natural to have more of one race or gender in a given situation,” he said.

“I form my friendships not based upon diversity or the lack of diversity. I form my friendships on the basis of peoples’ character. The fact that diversity is a priority today…it emphasizes the entirely wrong thing.”

•  Doug even explained why most people misuse the word “factoid”…

“People use the word ‘factoid’ interchangeably with ‘fact,’” Doug said. “Most people think factoid means a small or insignificant fact. But do you know what factoid actually means? An asteroid is something that looks like a star, but isn’t. An android is something that looks like a person, but isn’t. A factoid is something that looks like a fact, but isn’t. It’s a phony, made-up fact. That’s what the suffix ‘-oid’ means.”

•  Doug also took issue with terms like the “Department of Defense,” the modern definition of “inflation,” and many other words with warped meanings…

Doug was so fired up that his talk went 20 minutes long. Ultimately, the conference planners had to ask him to wrap it up.

The audience, however, enjoyed it quite a bit. They even gave him a roaring round of applause as he left the stage.

•  Later in the day, Doug told Summit attendees what he’s buying and selling right now…

During a panel called Economic Crisis: How to Survive and Thrive, Doug said that gold and most other commodities have likely turned up.

He also said that “there are some real opportunities at this moment” in commodities.

Regular readers know that most commodities are extremely cheap right now. The Bloomberg Commodity Index, which measures 22 different commodities, is at its lowest level since 1999.

Doug told the crowd that he’s made bullish bets on coffee and sugar. Coffee is down 42% in the last year. Sugar is down 16% in the last year…and that’s after a 33% rally since September 1.

•  Marc Faber, known as Dr. Doom for his bearish (and often accurate) forecasts, was another popular speaker…

Faber’s main point was that the U.S. and Europe are in decline.

He predicted that a generation of young people in the Western world will earn less money in real (inflation-adjusted) terms than their parents did. And that they’ll ultimately die poorer than their parents.

Faber put a lot of the blame on central banks’ easy money policies. He said, “Interest rates have never been this low for this long in all of human history. I can’t imagine this will end well.”

Regular readers know that the Federal Reserve cut rates to effectively zero in 2008 to fight the financial crisis. And it’s held rates there ever since. We’ve explained how zero percent interest rates have goosed the prices of stocks, bonds, and real estate…and created an “Alice in Wonderland” economy where everything is expensive.

Faber pointed out another negative consequence of rock-bottom interest rates:

Governments have been able to expand and expand at no additional cost. Since 1985, government debt has gone up more than four times. However, the U.S. government’s net interest rate payments haven’t risen at all.

Faber called asset prices “grossly inflated.” And he predicted that the Fed will launch another round of money printing if the S&P 500 drops 20% from its peak.

•  Doug Casey and Marc Faber teamed up for a Q&A session, pictured here…

Doug Casey and Marc Faber at the Casey Research Summit

During the session, Faber said that precious metals and precious metals stocks are his favorite investments today because “they’re the best bargains right now.”

However, he also said he wouldn’t be surprised to see a final “washout” event in commodities that marks the bottom. Faber even speculated that Swiss mining giant Glencore, a company we’ve written about a lot, could go bust.

•  We can’t possibly cover all the great speakers at the 2015 Casey Summit here…

James Altucher, Gerald Celente, and Richard Maybury also gave excellent talks.

During one panel, several gurus answered the question “If you could only buy one single stock today, what would it be?” This was just one of many times throughout the Summit that attendees got to hear about actionable investment recommendations.

If you missed the Casey Summit, don’t worry…we recorded the whole thing. Attendees paid as much as $1,695 to go to the Summit. But, for just a fraction of that, you can listen in on the entire three-day event. Click here to learn more about ordering the Casey Summit Audio Collection.

Plus, if you purchase the Summit audio today, Stansberry Research has authorized us to give you access to the videos of their conference held last week in Las Vegas. The videos include the keynote address from Dr. Ron Paul, and talks from Porter Stansberry, Steve Sjuggerrud, and several other investment gurus. You can see the full lineup here.

People have paid $249 for access to the Stansberry conference videos. But if you purchase the Casey Summit Audio Collection today, you can access them for free. Click here to learn more.

The article Find Out What Doug Casey Is Buying Today was originally published at caseyresearch.com.
Casey Research Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules