In this conversation with Doug Casey, speculator, author, and founder of Casey Research, we take a hard look at Canada’s latest budget and what Doug calls the “criminally insane” idea of governments investing directly in mining companies. Doug shares why he believes this marks another step toward economic decay, not just for Canada but across the Western world, as public debt, state control, and dependence on institutions deepen.
We dive into the macro picture for gold, where Doug explains why the metal’s current rise isn’t retail-driven but led by central banks fleeing the U.S. dollar. He outlines why he believes we’re nearing the edge of what he calls the Greater Depression, and how a financial reset could force currencies back to some form of gold backing, potentially driving prices to $10,000–$20,000 per ounce.
Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
