Why the U.S. Is the Next Greece: Doug Casey on America’s Economic Problems…”The global economy is in for a “catastrophe of historic proportions,” says investor Doug Casey.”

Tuesday, August 4, 2015
By Paul Martin

Matt Welch & Paul Detrick
Reason.com
August 3, 2015

“With these stupid governments printing trillions and trillions of new currency units,” says investor Doug Casey, “it’s building up to a catastrophe of historic proportions.”

Doug Casey, a wildly successful investor who’s the head of the outfit Casey Research, is predicting doom and gloom for the global economy.

“I wouldn’t keep significant capital in banks,” he told Reason magazine Editor-in-Chief Matt Welch. “Most of the banks in the world are bankrupt.”

Casey sat down for an interview with Welch at Freedom Fest 2015, where the two discussed his bearish assertions, whether gold is a good investment in 2015, and why the average person is so “brain dead” when it comes to diversification.

The Rest…HERE

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