Coming Collapse Is "One For The Ages" - Doug Casey

Major structural problems in the U.S. economy and around the world may create headwinds for the stock markets, said best-selling author, Doug Casey.“One big problem is the central bank,” Casey told Kitco News on the sidelines of the Vancouver Resource Investment Conference, “they keep creating trillions and trillions of new currency units.”Casey notes that while in the 1970s, money created by the central bank went to the retail level, now it’s going into the capital markets.“It’s all paper money, it’s going to dry up and blow away, and it will, and when it does, there’s going to be a lot of unhappy campers,” Casey said. One catalyst for a market correction would be the bursting of stock “bubbles,” particularly in the blockchain and cannabis space, he added. More dramatic of a catalyst would be major geopolitical shocks. “We could wind up with World War Three,” Casey said, “I’m not just talking about what Trump and Kim are doing in Korea. There are many other things that could blow up in the world. In many ways, it’s like things were before World War One.” (show less)

Major structural problems in the U.S. economy and around the world may create headwinds for the stock markets, said best-selling author, Doug Casey.“One big problem is the central bank,” Casey told Kitco News on the sidelines of the Vancouver Resource Investment Conference, “they keep creating trillions and trillions of new currency units.”Casey notes that while in the 1970s, money created by the central bank went to the retail level, now it’s going into the capital ... (read more)

Daniela Cambone

Daniela Cambone

Editor-in-Chief

Biography
With over a decade of international experience, Daniela Cambone covers prominent industry events and interviews a number of leading analysts, financiers and political leaders for Kitco News. She began her career covering the Canadian financial and insurance industry and later worked in Europe covering the political and financial scene for the International television station, Press TV. Daniela holds a BA in Broadcast Journalism and an MA in Journalism & Communications.

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