A New Crisis Is Coming This Year! And The Markets Are Back on DEFCON 1
February 3rd, 2014
Doug Casey: A new crisis is coming this year
“This is a historic catastrophe that we’re looking in the eye right now…”
Over the years, Doug Casey – best-selling author, investment guru, and one of Porter’s mentors – has made headlines for his passionate opinions and extensive knowledge in the financial markets.And in a recent interview with Porter on Stansberry Radio, he once again proves why his work has been so well-respected…In short, Casey believes we are headed for the worst financial depression in the history of the U.S. in 2014. He has written about profiting from periods of economic turmoil before. And this time around he says while the average person will get wiped out, speculators will thrive.
America is currently stuck in a financial bubble, one that is much worse than 2008 and 2009… but there are great opportunities to make money off it. Read on to find out how…
Doug Casey: Now is a very good time to start thinking financially because I’m afraid that this year, in 2014, we’re going to go back into the financial hurricane. We’ve been in the eye of the storm since 2009, but now we’re going to go back into the trailing edge of the storm, and it’s going to be much longer lasting and much worse and much different than what we had in 2008 and 2009.
Porter Stansberry: Yeah, it’s going to be a lot different because our main weapon of survival back then was to print a bunch of money. But I think this crisis is going to be caused by people starting to flee money.
Doug Casey: Yes. And I always try to look at the bright side of everything. The good news that is in the cloud, and that is that the Federal Reserve – this is not good news for the average person, to the contrary. But it’s good news for speculators because as people start fleeing the dollar and fleeing all of these other currency units being printed up by the trillions by these idiotic governments around the world, they are going to create more bubbles. So the question is how to position yourself early on in the bubble. And you could make a lot of money at the very same time as society, as a whole, is getting poorer. That sounds awful to say, I’m sorry. I didn’t make the rules… I’m just playing the game.