“Trump is doing the right thing. Without him, we have no protection against China. China doesn’t only wish to dominate Asia, but the world.” Here in Hanoi, so said my dinner companion – a major manufacturer and worldwide exporter of steel products. He, like so many other major Asian producers, sees an opportunity in international […]
Continue readingInternational Man: The United States and Iran appear to be closer than ever to war. Where do you think this is headed, and what would the consequences of a war with Iran be? David Stockman: If it ever really happened in a hot-war sense, it would be catastrophic, because everything in the Persian Gulf would […]
Continue readingInternational Man: Recently, African swine fever (ASF) has spread to China and wreaked havoc on the country’s hog supply. The disease will wipe out about a third of China’s pork production this year. It has substantially disrupted the supply of hogs on a global scale. What is going on here, and how do you see […]
Continue readingFrance, 1788. Russia, 1916. Germany, 1937. These dates have something in common. In France in 1788, political conditions had been getting questionable, but there was no apparent need to panic. That came the following year, with the sudden outbreak of the French Revolution. From that point on, it was dangerous even to go out in […]
Continue readingInternational Man: In a broad sense, how would you describe the foreign policy of the US? David Stockman: Well, in two words: Empire First. I contrast that with what Donald Trump thought he wanted to seek as a candidate, America First. Now these are obviously simplifications and slogans, but there is an underlying substance that’s […]
Continue readingInternational Man: Today, we’re going to take a close look at a pressing issue that’s growing in importance every single day: political risk. No matter where you live in the world, political risk is growing and may soon have serious implications for you and your investments. In the United States, this has become a significant […]
Continue readingIn 1759, Scotsman Adam Smith, who is widely regarded as the world’s first true economist, published his first great work, The Theory of Moral Sentiments. In it, he postulated that all social evolution can be attributed to “individual human action,” as opposed to “individual human design.” By this, he meant that whatever understanding worked well […]
Continue readingAn increasing number of people are coming to the conclusion that their home countries (particularly the US, EU and Canada) are in decline. More and more, such people are deciding to seek greener pastures elsewhere in the world. Many of them have never “left home” before and are very unsure of how they should prioritize […]
Continue readingInternational Man: Elizabeth Warren proposed an annual tax on a person’s wealth. What do you make of this? Doug Casey: When you tax something, you discourage it. If Elizabeth Warren wants to tax people’s wealth, that’s going to encourage people to hide their wealth. And discourage them from getting wealthy. So, it’s poison from an […]
Continue readingI’m often asked how I see the warning signs that allow me to gauge the timing of the coming economic crisis. Although careful research into an economy can result in a relatively accurate prognostication, the timing is always the most difficult aspect to pinpoint. However, a good indicator is to track how others within the […]
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