Editor’s Note: The 2020s are forming up to be an unpredictable time on multiple fronts. Internationally, the Covid-19 pandemic has ushered in the most severe government controls in history. Censorship is growing rapidly in the West. Economically, the US federal government has shown that the US dollar is no much better than any other fiat currency, and the geopolitical chess pieces are changing to reflect China’s powerful role in the next decade.
Today, legendary speculator and contrarian thinker Doug Casey shares his greatest forecasts for what is coming next and what it suggests for you, your cash, and individual freedom all over the world.
International Male: Big Tech’s censorship of alternative voices has been on the increase in the US, Canada, and other locations.
What do you believe the role of Big Tech companies will be?
Doug Casey: Patterns in movement tend to remain in motion until they reach a climax, a crisis, at which point anything can happen.
We’re headed for an enormous world crisis. My guess is that the enduring trend towards Big Tech getting bigger and more powerful won’t continue– simply put, Big Tech remains in the exact same position that Big Oil remained in 1980. It appeared like they were going to take control of the world. Oil stocks were over 30% of the S&P 500, but today, they’re under 3%.
Industry in general, and now Huge Tech in particular, have actually always had a very relaxing relationship with big government– and big federal government likes that. The two of them fit together like a hand in glove. Huge federal government funnels agreements to Big Tech, and Big Tech acts as the State’s handmaiden.
It becomes part of why the typical person has actually despaired in government, corporations, and our organizations. They’re now losing faith in the money as inflation increases. When the stock market crashes, they’re going to lose faith in the financial markets.
Massive societal change is looming. However that does not imply the cultures of either Big Tech companies or the government are going to change. Why? Due to the fact that throughout society, the elite are overwhelmingly statist and collectivist oriented. They’re quite comfy and do not want to rock the boat.
The Big Tech companies all began small, founded by entrepreneurial geniuses. Now, nevertheless, they’re gigantic and mostly run by supervisors, “suits,” who have no skin in the video game besides shares they make it through choice grants. They’re so big that they look like dinosaurs at the end of the Cretaceous. After a specific point, however, the bigger a company gets, the less effective it ends up being. It can’t be managed effectively, and it breaks down.
As the crisis unfolds, I think these companies are going to fall apart. Their share costs certainly will.
International Man: What geopolitical trends do you see on the horizon?
Doug Casey: The powers that be– the UN, the World Economic Forum, the European Union, and lots of others like them– are all attempting to combine nations, merge them into something that appears like a world government. That appears to be what the elite desire, however I do not believe they’re going to get it. A bigger trend– I have actually been stating this for several years– is that the countries worldwide are really going to break up. It’s going to take place everywhere, including the US, which could divide into a half dozen or more regional entities.
Canada is significantly dysfunctional and must devolve into at least 3 or 4 nations. The very same with Mexico and Brazil. It’s currently occurring all over Europe. It’s currently taken place in the USSR, Yugoslavia, and Czechoslovakia. More department is on the way in Russia and Eastern Europe. This pattern is going to continue.
Secession, where culturally and economically entities wish to break off, will occur all over the world, particularly in Africa. Eventually, the nation-state was a bad idea, however it had a pretty good run from the mid-1600s as much as the present. It’s outlived its effectiveness.
As I’ve said, often times, Neal Stephenson’s concept of phyles, where individuals organize themselves according to whatever is essential to them, is likely how most places are going to reorganize themselves in the future.
International Male: What do you think the future of private flexibility will be?
Doug Casey: Individual flexibility has been on a down pattern in the West for well over a century.
Particularly starting with the reign of Teddy Roosevelt and the Progressives, the State has grown like a cancer. The Spanish American War, the development of the Federal Reserve and the income tax, then World War I, cemented the pattern in place. It’s extremely true that ‘War is the health of the state.’
This was followed by the New Deal with Roosevelt, who used the Depression and then World War II as reasons to put all sort of restrictions on the economy in basic and the individual in specific. Roosevelt is frequently promoted as the “best” US president, in addition to Lincoln. However from the perspective of individual liberty, they were actually the 2 worst. It’s rather perverse.
Personal flexibility has actually been reducing for the last a century. The huge question is: When, if ever, is that trend going to alter?
Once once again, I go back to this idea of a huge crisis coming. Awful individuals like Klaus Schwab of the WEF are rather distressed to see it and trying to immanentize the eschaton, as it were. They’re ideal about the arrival of a Fantastic Reset, however I hope they’re incorrect about the type it will take. I think it will be triggered by the Greater Depression.
Let’s get back to technology for a minute. Here’s the bright side. Although throughout history innovation has actually always been initially in the hands of the State, in the hands of the rulers, it constantly devolves to the common man, where it’s a real liberator.
For instance, the bad men got gunpowder first and utilized it to cement themselves in power beginning in the 14th century. But after a while, the innovation wandered down to the peasants. Gunpowder then allowed the common man to take out an armored mounted knight. Although gunpowder assisted the rulers to start with, it overturned them in the end.
The exact same holds true of computer systems. Initially, only federal governments and large corporations might manage computers; they used them to keep track of the plebs. Today everyone has a computer. It’s basically a level playing field, a two-way street. So do not worry about technology, since it’s constantly on the side of the average man in the long run. When the Singularity arrives in a generation approximately, if Ray Kurzweil is right, the entire nature of life itself– forget politics– will be utterly altered.
International Man: How do you see the current cultural and social trends progressing?
Doug Casey: Defunding the police is one idea now popular among leftists. It’s occurred in a variety of cities to a degree. These individuals, properly, see turmoil as an ally, so they can take control. Of course, it’s going to end extremely severely, as crime goes through the roof.
My guess is, because authentic Bolsheviks are in charge in Washington DC, they’ll use it as an excuse to develop a nationwide police to replace the regional police officers, and particularly sheriff’s departments, which usually associate with people much better than police. There are countertrends where local individuals motivate their sheriffs not to enforce federal laws. The feds aren’t going to like that. It’s why they’ll promote a nationwide police.
Something you can definitely rely on is more war. War serves a real function from the point of view of federal government itself. It distracts individuals from internal issues, and we’re going to have massive internal problems. And it’s practical to have a foreign opponent to blame for anything and whatever.
Lots more war remains in the cards, despite the fact that the federal government is insolvent and said to be withdrawing from Afghanistan. The new main event will be in Africa.
I presume we’re entering a major pivotal moment in history. For example, the world prior to and after World War I was a totally various location. The world prior to and after 1929 was totally different. The exact same is true previously and after World War II. The Great Reset, catalyzed by the Covid hysteria, will make the world entirely various.
The bright side is that it may not develop the way leaders and the elite believe it will. They’re wishing to get more control through things like digital currency, mass urbanization, ensured yearly income, UN-directed tax, Covid passports, and so on.
However there are countertrends at play. Many individuals will avoid a “Fedcoin,” choosing Bitcoin, other private cryptos, or gold. A great deal of individuals will prevent the cities and go to villages, which is quite what the elite do not desire. An ensured annual income will lead to real class warfare in between manufacturers and consumers, destabilizing the federal government– as will tax earnings imposed by the UN and Covid passports.
There’s an excellent chance we’re going to see prevalent secession motions and/or something looking like a civil war in the United States– and other countries. Putting people whose interests, race, religious beliefs, language, and cultures are extremely different together in a big political pressure cooker simply does not work.
Klaus Schwab hopes the world will transform into a location where people like him completely control the 99.9%. It’s possible, however, the world order will fragment, not consolidate, the way the globalists want.
International Man: In the mainstream media, we’re constantly hearing about a coming post-pandemic recovery and the need for yet another stimulus plan. What do you forecast could take place in the worldwide economy in the near future?
Doug Casey: Firstly, don’t think anything that you read in mass media papers and definitely nothing you hear on television. It amounts to propaganda. If it’s not real propaganda, it’s the blather of individuals who know nothing about either economics or history or science. Although they do understand mass psychology and have strong political opinions.
The most essential thing to keep in mind about the economy in the future is that there is something called a business cycle. It’s brought on by cash printing. Covid will be blamed as a deus ex machina cause for the anxiety, obviously. The trillions of currency units that have been created for decades– but especially because 2008– have actually triggered substantial distortions in the financial markets and the economy. When they finally end up being unsustainable– and I think we’re at that point now– the result will be a remarkable drop in the average standard of life.
Editor’s Note: The 2020s will likely to be a significantly unstable time. More federal governments are putting their cash printing on overdrive. Negative interests are ending up being the guideline rather of the exception to it.
One thing is for sure, there will be a lot of change happening in the years ahead.
That’s precisely why legendary speculator Doug Casey and his team released an urgent new video about what you could do to protect yourself and even make money from it.