It's Gonna Collapse Even Sooner - Doug Casey

It's Gonna Collapse Even Sooner - Doug Casey

In an interview with Andrew Henderson, Doug Casey warns of an imminent collapse of the US financial system. He also compares the America of today with that of the past. Here are the key points in the video:

The U.S. is on the cusp of greater depression. Depression is a period when most people's standard of living drops significantly. Not only the US government but also other governments of the world have printed trillions of dollars of currency, giving an artificial sense of prosperity.

Sharing free money will prompt people to buy more things and create a business cycle that gives false signals to the economy. The looming disaster would be the biggest one since the Industrial Revolution.

The world has become more strictly regulated. All passports today are government property hooked up by computer systems to monitor people's movements and actions. Hence, personal freedom is increasingly fading away.

The above failures stem from democracy because the legislature passes a law and tells you what to do and what not to do, wasting taxpayers' money

In the past, America was unique and marvelous with great founding principles, hence the reasons for its immense success. But now, America is being replaced by the U.S. which is no longer exceptional. America should be regarded as an idea and not a place.

Things started deteriorating with the Alien and Sedition Acts in 1973. However, the 2nd Law of Thermodynamics states that things will keep deteriorating over time. This law has occurred in the war between states and the Spanish-American War, World War 1 and 2.

Trump lacks a philosophical core as he used his opportunistic style to promote his monetary policy. He started printing trillions of dollars and he boasted of being a debt guy. His administration wasn't good for expats. He is an ultra-nationalist and a jingoist. But Biden is worse. They are all communists or Marxists.

Fascism is a system formulated by Benito Mussolini, and it's all about the close rapport between big businesses and the state. And this is what is happening in the US.
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