Doug Casey on The Biggest Threats to Your Personal and Financial Freedom Today

  • The world has become increasingly unfree. Recently, the global pandemic has justified all kinds of draconian measures by governments. How do you see this trend evolving? Power mongers are using biology and medicine as excuses to take charge in the name of science. They’re saying that you don’t have a choice because you are affecting the health of others, not just yourself. Minor bureaucrats like Fauci and second string politicians like de Blasio have jumped on it, fanning the flames of a panic. It’s made them into “big men.” Like the global warming scare, the COVID hysteria is corrupting the idea of science and the credibility of scientific methodology in the eyes of the average man. And incidentally, the overlap between those who want the State to “do something” about global warming, and “do something” about the virus is extremely high.
  •  It’s actually quite insane. COVID as a disease is only serious if you’re elderly or obese or have other serious conditions, which is why the average age of a COVID victim is about 80. In fact, the deaths from COVID are probably not going to be much greater than they are from a bad annual flu, especially accounting for the fact that many deaths from things like motor accidents are often counted as COVID if the victim also had COVID. Like most things that become politicized, it’s hard to believe anything. The statistics are completely unreliable. What we’re dealing with is mass hysteria, similar to what happened in Salem in the late 17th century.
  • The matter should be just between you and your doctor. This is how the vastly more serious flu epidemics of the late 1960s and the late 1950s were dealt with. In the big scheme of things, they were non-events, as COVID should be. This time is different. Your doctor doesn’t count. It’s the doctor with political connections, that counts.
  • How do I see this trend evolving? Toward more centralized power, of course. The trend has been in motion for over 100 years, starting with World War I. It’s been in motion for a long time, and it’s accelerating at this point. Trends in motion tend to stay in motion until they reach a crisis point. The powers that be have discovered that a medical emergency is almost as effective as an actual war to get people used to doing as they’re told. It’s quite amazing how anxious the average American is to act like a whipped dog, roll over on his back, and wet himself. Those who don’t wear their masks—which serve little or no medical purpose; they’re basically virtue-signaling devices—are bullied and shamed. It’s gotten quite out of hand.
  • Let’s talk about one of the biggest threats to financial freedom—the Federal Reserve and every other central bank. The currency printed by these institutions isn’t real money. That is to say, it wasn’t a result of a market process of people voluntarily coming to the conclusion to use a specific good as money. Government decrees, laws, and regulations made central bank currency money. How can individuals protect themselves from this enormous swindle? It’s not just the US government. Every central bank in the world is printing up currency units not just by the billions, but by the trillions. What you have to do is figure out where that money is going to go, and try to get there first. In this environment, rational investing is becoming increasingly impossible. The economy and society will become more chaotic. It has become foolish to have a long-term horizon, and to make other than hit-and-run-style investments. You’re forced to be a speculator.
  • I would point out that in a normal free market society, speculators would be chronically unemployed. Why? Speculating, more than anything else, is capitalizing on politically caused distortions in the market. There would be very few in a true free market. But now, as powerful as governments are, distortions and politically caused misallocations of capital are everywhere. With regulations and tons of money being thrown at the markets, you’re forced to speculate. It’s too bad because speculation is not productive in itself; it’s a zero sum game. It’s very different from investing, which is allocating capital to create more wealth through innovation and production.
  • That means orienting your mindset to that of a speculator. Most people will confuse speculating with gambling, however, and they’ll wind up losing everything. They’ll wind up much worse off by treating the stock market like a casino.
  • The simplest thing you can do at this point—other than watching where the money is going and getting there first—is continuing to buy gold and silver and setting them aside. At a minimum, that will preserve your capital. Unfortunately, neither metal is no longer a giveaway bargain. On the other hand, the trend is clearly in motion, and it’s accelerating. They’re going much higher.
  • It’s really a pity that the average American is being swindled by the Fed, and the government in DC, and a pity that almost nobody owns gold or silver physically, and many fewer own mining stocks. But let’s try to take advantage of the unfortunate reality.
  • In the US, and much of the West, most people are willingly handing over their dwindling freedoms for the promise of safety or security. Is there any hope that something will reverse this trend? Again, trends in motion tend to stay in motion. Until they stop. But what generally stops them? Something big. Usually, a crisis or a collapse. Here’s an example. You would have thought that the trends in Venezuela and Zimbabwe would have stopped years ago. You’d think those people could see how bad things were getting and say, “Wait a minute, we’re going down the wrong path.” But that’s not the case. Neither Venezuela nor Zimbabwe is going to turn around until there’s a complete and utter collapse followed by serious violence. That’s the case almost everywhere—trends in motion stay in motion until they reach a crisis. I don’t think you can reverse the trend with half measures, like voting.
  • Why don’t I think you can reverse the trend? It’s because, over the last roughly three generations, almost everybody has gone to college. Meanwhile, colleges have been transformed from places where you received an education, something useful, to institutions of mass indoctrination. The tenets of cultural Marxism, socialism, and statism have filtered down to high schools and even grade schools. When people are at a crucial time in their life, late teens and early twenties, and they’re taught something. It’s very hard for them to unlearn it. That’s the problem with kids going to college and high schools, and even grade schools, today. They’re hit with instruction that’s often not just wrong, but the opposite of the truth. It’s very hard for them to unlearn it. As Will Rogers liked to say, the problem isn’t even what people don’t know. It’s what they think they know that just ain’t so. It’s reinforced by ads that corporations put on television, and the huge amounts of money they give to left-wing organizations. That’s on top of Hollywood, the propaganda coming out of thousands of NGOs, and mostly everything that politicians say. I don’t think the trend is going to turn around. In fact, it’s accelerating, and it’s going to continue accelerating until we reach a nasty crisis.

https://internationalman.com/articles/the-biggest-threats-to-personal-and-financial-freedom/

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