Latest / Financial Survival Network / Argentina Libertarian Boom Taking Off with Doug Casey #6071

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Argentina Libertarian Boom Taking Off with Doug Casey #6071 · Financial Survival Network

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I suppose most of our listeners know that Javier Malay, who was elected president
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four or five months ago, is a declared anarcho capitalist. In other words,
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he's a very hardline libertarian. And he was elected making a very big
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deal out of the fact that he wants to get rid of almost all the
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government, well the whole thing, frankly. But and he won by a
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huge majority. Not only by a huge majority, but weighted towards the young
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people in the country. So what's happening in Argentina now is a very big
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deal. You're listening to Carrie let'sa's Financial Survival Network where you get valuable information
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and get your free newsletter and gift. Financial Survival Network now more than ever,
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And welcome you are listening to and watching the Financial Survival Network. I'm
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your host. Carry Let's old friend of the show is back with us now
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from points down South, Doug Casey. Doug been talking to you now since
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twenty eleven when I started my podcast, and you've got a podcast now on
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the iTunes and hey, you joed YouTube and on iTunes. I've seen it
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there and it's great to have you back on the show. Hey, want
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to get your perspective on the revolution that's taking place in Argentina and whether whether
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it's hope for America or not that we can somehow reverse our course. Well,
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I spend a lot of time in Argentina every year. Although I'm back
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across the Mighty Plate River and I'm in Uruguay at the moment. I've got
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a farm here and it's very nice to be on the farm as opposed in
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the city. But what's happening in Argentina is of world historic importance. It's
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a very very big deal. I suppose most of our listeners know that Javier
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Maulay, who was elected president four or five months ago, is a declared
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anarcho capitalist. In other words, he's a very hardline libertarian, and he
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was elected making a very big deal out of the fact that he wants to
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get rid of almost all the government, well the whole thing, frankly,
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and he won by a huge majority. Not only by a huge majority,
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but weighted towards the young people in the country. So what's happening in Argentina
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now is a very big deal. It's world historic importance, it's unique.
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And just a few more words on this is that what do you hear about
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Malay in the popular press is almost entirely negative because the press is captured.
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It's populated all over the world by hardcore leftists. So if there's anything that
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they can misinterpret or anything they can say that's nasty about Malay, they'll do
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so. But buy, he's a great guy. Hey, so how did
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this happen? Because all right, let's assume that there really is a ruling
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cabal in the world, a conspiracy, whether it's illuminati, whatever you want
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to call them, let's say that, assume that they run the world.
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Okay, how did they let this guy slip in through the cracks? Well,
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I'm not sure that there really is a cabal that's able to run the
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whole world, although I'm sure there's some people that try. But what happened.
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Look, Argentina one hundred years ago was one of the three or four
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most prosperous in the world, and how could they have blowners? It's the
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seventh largest country of the world, doesn't have a large population, only forty
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maybe forty five million people, the best state. Definitely the best steak in
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the world, right, some of the best steak. This country is an
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agricultural powerhouse. It's just full of hows and wine and the best wine,
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right of the best wine. And No, it's absolutely it's a great place
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to live. It really is. I mean, I've been to one hundred
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and fifty five countries or so, and I've lived in ten, and Argentina
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is absolutely one of my favorites. It's why I came down here. Well,
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the first time I came down here was when about nineteen eighty, so
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a long time. But I basically to moved down here in two thousand and
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seven and it's treated me very well. Bought a lot of real estate,
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and incidentally it says we're basically a financial show here. I've got to point
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out that Argentina still has fantastic bargains in property. Oh I'm seriously going to
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come down and look. Oh, no, you want bleaded values. They're
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tremendous. Like the my apartment in ba I bought it in two thousand and
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seven. It's five thousand square feet. It's a two story penthouse in a
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great building with only six other five other apartments, and it's in the best
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part of town. And at that time I paid nine hundred and fifty thousand
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dollars for it. If I was going to replace an apartment at that time
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on the Upper East Side of New York, which is the equivalent where I
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am in BA, it would have cost twenty million or more or more.
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Now today prices are in flux because of the changes that Millie is making,
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and of course everything's gone higher with the inflation of the dollar. I mean,
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the dollar is worth half what it was back in two thousand and seven.
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But I don't know. Still, what I could get for that place
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would be less than ten percent of what I pay if I wanted to replace
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it on the Upper East Side of New York. And I think an argument
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can be made that at some point that apartment in Buenos Aires will be worth
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more than it's equivalent in New York. All right, So that's the way
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things are going. Somebody like me who lives in Florida don't want to live
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where in the midst of the big metropolis, kind of like smaller cities but
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like the water where would be a good place for me to look, well,
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the water, well, we think about the water down in Argentina.
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We really think in terms of going across the Plate River. It's a very
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wide, wet river, the one hundred mile wide mouse as it goes into
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the ocean. And you might want to look at Uruguay. And Uruguay is
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more like Argentina than Argentina is in many ways. But well, things are
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more expensive here in Uruguay. But let's say you want to you don't want
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to be a real farmer, you just want to have a big backyard.
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Yeah, twenty thirty acres, that type of thing, so that you're not
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chocolate block with the neighbors, nice house on a river or close to the
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beach, garret Oruguay. And maybe a million and a half dollars. Interesting,
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Well, that's certainly a bargain compared to what's going on here. So
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let's talk about the US. Do you think Trump can learn from his mistakes
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and if he happens to become president number forty seven, and I kind of
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see the parallels with Grover Cleveland, do you think he could go to the
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libertarian route like Milee did. Do you think you think he's just basically got
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nothing to lose and just goes for it. Yeah, that's a really good
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question. Carry the problem with Trump. I wrote an article about him for
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internationalmand dot com, which is week my blog. It's a daily blog where
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I analyzed the good things and the bad things about Trump and the worst thing
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about Trump. The problem I have with Trump is that he doesn't have any
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philosophical core. Back then, in twenty twelve, when he was first talking
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about running for president, he said that I could run either as a Democrat
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or a Republican, which you know doesn't worry. I'm not crazy about either
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the Democrats or in the Republicans. To be honest, I'm a libertarian.
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I'm an anarcho capitalist like Melaias, and I could tell you my relation to
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me lay that in that regard. But getting back to Trump, oh God,
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not having a philosophical core is a common sensical guy. He does have
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a real background in business. He's learned who his enemies are the last ten
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years. That's that's a plus. I don't think he'll surround himself with the
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kind of incompetence and scorpion and snakes that he did when he was elected in
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twenty sixteen. So the problem is carry. I don't think that even though
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we he'll I think he'll win the popular election for lots of reasons, I'm
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not sure that he'll be installed as the president. I think that the Democrats
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will find a way to keep themselves in office. I know that's a shocking
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thing to say, but I'll tell you why I said. It's set all
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over across the US. The Democrats are trying to go to mail in voting,
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which makes it impossible to know who's really send me in that odd that's
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a big problem. We have lots of electronic voting machines, and I know
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the Republicans are going to be on the lookout for a computer fraud. With
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the electronic voting machines, they're still a problem. I'm a great believer in
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paper voting, as primitive as that may be. And the people that are
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in charge of Washington now are actually Jacobins. They're the same types that ran
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France after the revolution in seventeen eighty nine. They have the same views,
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the same psychology, the same philosophy, and now that they're in office,
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and they've been cementing themselves in office by hiring more ultra lefties, they're not
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going to want to let go. So the only thing I'm sure about,
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and I'm pretty sure about this, is that come November, we're going to
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have something like chaos in the US. It's I mean, I mean,
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you tell me you're in Florida right now. It seems to me the red
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people, the Trumpers or the Republicans, and the blue people, the Democrats,
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they hate each other. They cannot get along. They can't even have
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a civil conversation once they stop talking about the weather in baseball, and forget
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about the weather, because that's another thing, global warming. You know,
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to some extent that's true. But you know, I think it hates more
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on the blue side than the red. We don't like I don't consider myself
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red on libertarian, but shall we say the non interventionalist side. You know,
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it's just the hey, have your beliefs. Your beliefs will be proven
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to be false and then you're gonna have to either stick with your your false
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beliefs or you'll have to change them. Right. But it hasn't really happened
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yet, has it. But I see hope. I see hope where I
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see blacks leaving the Democrat plantation as they call it, not my term,
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theirs, and it's it's a trend that's happening. And but it's you liken
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the left to a wounded animal. This could well be their first opening wound
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and that's when they get extremely dangerous. Right, Yeah, it's true.
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I think you're right about a lot of blacks getting off the plantation. Like
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look at Tyrus, who I Chris distarted on the Greg Gutfel Show. I
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mean, I mean he's a solid thinker. I mean, yeah, yeah,
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a good guy generally. And there are a lot of guys like Kim
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now that are coming across that are on our side of the barricades. But
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you know, these the Democrats, they really are full of full of hate,
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and they've captured lots of areas of the US. They've captured academia for
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sure, it's evidenced by what's going on, and all the colleges, all
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the professors are Marxists and hardcore leftists. I mean, if you're not,
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you can't survive in an atmosphere like there is in the big Ivy League school
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certainly. So they've captured that. They've captured Hollywood, in the entertainment industry,
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they control all levels of government, Basically, it's not just academia.
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They've captured the school system all the way down to grade school. In the
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media, the media totally indoctrinating people. So I'm not optimistic. I'm afraid
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that even though the Republicans will win the vote, that the Democrats will stay
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installed in office and they I wouldn't put it past them to get the US
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really involved with this war in the Ukraine, or maybe something with Israel and
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Gaza Ama says Bola, god knows what, or some other place, because
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it's been said that war is the health of the state, and when things
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are going badly domestically, it's helpful to distract people with a foreign enemy.
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So if I was in Vegas, we were in Vegas and I had to
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place a bet on the winner. I hate to say it, but I
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think the Democrats are going to winn November. Yeah, well, it's not
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who votes, it's who counts the votes, as we say, so that's
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right. So gold, gold, and silver. You and I have been
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talking about it since we started speaking, since we started our dialogue here and
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now twenty four hundred plus, I haven't even looked at it. Today.
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I hit twenty four fifties a day, I think, yeah, And so
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what's in Silver's thirty two bucks? And no end in sight here? Right?
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I don't think so, because it's true that gold has hit a new
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nominal high and dollars, but in real terms, no, not really,
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because it hit eight hundred and fifty dollars houns back in nineteen eighty. But
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the dollar today is worth a third. Well, who depends on how much
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we trust the super But who knows? Now? Who really knows? I
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trust? I trust the figures. The US government turns out only marginally more
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when I trusted those The Argentine government was turning out one though. For China,
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I think in order to get back to its previous high, oh,
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three thousands, three thousand, at least three thousand. But the world's situation
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is so much more serious now and the amount of money creation is so much
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more serious now and it was back then that and there's so many more dollars
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that have been exported over the years. I mean, many trillions dollars are
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outside the US, and they're hot potatoes. No, I mean gold could
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go hyperbolic much higher. So yeah, I'm a gold bull still. We
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were gold bulls then, but now the game is really a foot. Yeah,
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the game is afoot and where it stops nobody knows, is hey,
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just like they started with inflation, it's transitory, now it's sticky. The
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next step is it's permanent. Right, Well, it is permanent. And
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the reason is it is because the cause of inflation. And this bears repating
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carry. I mean, we say it all the time. Yep. It's
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a monetary phenomenon. It's not the fault of the oil companies or the farmers,
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or it's the fault of the people printing up money. And the government
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is spending money like a drunken saler, and they need to be insult drunken
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sellers like that. You're right, drunken salors are fun, and these creeps
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in the government are fun at all. But they've got to print up a
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couple trillion dollars a year in order to fund the government's spending. And that's
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exactly what they're doing. When it flows into the economy, and it flows
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first in the corporations that are wired with the government, right, they are
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the initial beneficiaries of the banks, the hedge funds, all of them,
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right, yep, they get it first, and that bulls. The stock
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market higher is a benefit, and all that money once it gets into society,
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well it's got to go someplace, So people hide in stocks. So
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I'm not making a prediction for a stock market collapse a bond market collapse.
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Yes, interest rates are going higher, but stocks can keep going higher for
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the reason. But it's going to be a disaster for the average guy and
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for the general economy regardless of what happens to the price of stocks in general.
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Although I'm not long stocks, I'm basically long resource stocks at this point,
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companies that mine gold and copper and silvering uranium, and all the rest
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of it. Oil energy stocks too, very much. Energy is still very
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cheap. From a historical point of view. If we look at the real
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bull market in energy stocks, it was back in nineteen eighty that's a long
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time ago already, and at that time, energy and energy related stocks were
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about almost twenty five percent of the S and P five hundred. Today,
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even after they've come up a bit recently, I think we're one looking around
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five percent. Because the big fund managers, the black Rocks, the Goldman's,
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the fidelities, they're very averse to owning energy stocks. Forget about mining
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stocks, that's totally they can't even talk about them. But even oil stocks,
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they're reversed only because of this carbon hysteria. We've got to we've got
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to go green. We can't rape the earth, we can't mine stuff,
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can't drill oil or gas or anything like that. And the people that run
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energy stocks, and generally just because of their backgrounds, tend to be non
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DEI, non ESG people. So no, these big institutions which control the
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markets are averse to buying oil and gas stocks, which means they're very cheap.
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I mean, there are no oil and gas stocks that are yielding eight
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ten or more in current dividends, and I think whil's going higher, and
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so those natural gas and those dividends are going up. So yeah, I
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own a lot of those two. Yeah, yep, I'm inclined to agree
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with you. So there's still opportunity out there, but we got chaos ahead.
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When we have this conversation in a year, what do you think will
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have happened. Well, the cheapest area of the market is still mining stocks.
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I mean, oil and gas stocks are very cheap, but what's really
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cheap are the miners. And I think that since there's such a teeny weedy
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portion of the market, they're just a rounding error. At this point,
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they're not they're not even they're not even small caps. They're not even micro
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caps. They're nanocaps, pyco caps. At some point the market is going
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to flow back into them, at least if you want copper. So that
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when you swiped the flip the switch on on the wall, or your light
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goes on, or you drive your electric cars. Questionable whether you want one,
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we're going to talk about two. But that works. They're very,
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very cheap at this point, and so I'm loaded up with them. I
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like things that have low market caps because because they tend to be volatile,
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and mining itself is a crappy nineteenth century to two train industry. So you
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know, it's a business. It's not a great business. You know.
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They say, hey, it's like finding a gold mine. Oh no,
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that will ruin your life if you find it. Find a gold mine.
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For reasons that I can, I'm happy to explain what on the bright side.
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On the bright side, these the market caps of these stocks are so
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small that you just have to blow on them and they double and the whole
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group shocking is just to say you could go ten to one over the next
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year or two. It's got a prediction, but it's a real possibility and
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it'll happen eventually. Yeah, I wouldn't doubt it. I think I think
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you're right. I think that's where it's at, and that's where I've kind
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of staked by future. Hey Doug, it's been great having you on.
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Just tell us where we find you again these days. Well, we have
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a I do an article once a week and we have other great guys that
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do articles at internationalman dot com. It's free, great articles there on all
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kinds of stuff. And my podcast is done Casey's take on YouTube rumble.
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But I want to I've got to as an author, have to plug my
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novels. Oh yes, yes, So we didn't even talk about them this
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time, but we'll have you on again. Tell us the latest, well
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the latest should be out the next time we talk. Got my fingers crossed.
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It's called terrorist. First one was speculator, second was drug Lord.
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It was a lesson because we're tracing the history of our hero, Charles Knight,
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who is reforming the reputations of these unjustly besmirched occupations, good guy doing
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the things, and now he's going to be used to being a terrorist.
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And I love the first two and this one sounds even better if that's possible
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here and Hey, in any of that, we'll put links in the show
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notes to your prior books, which I believe are found on Amazon and wherever
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fine books used to be sold at the and we'll put your international man link
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in there as well. We appreciate as always you're coming on. If you've
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got a question for Doug or myself, shoot me an email. Hey,
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questions about Argentina where you think that's heading, love to hear about it and
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any questions comments kl at Carrie LUTs dot com. Make sure when you go
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to the site you sign up for our free newsletter. Doug, It's always
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a pleasure and it's great to catch up with you, Mike warns Carrie.
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Thanks for listening to Carrie Letz's Financial Survival Network, your solution to today's trying
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times. For the latest, go to Financial Survivalnetwork dot com. Financial Service
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