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A
All right. Good morning, Doug. Lots of things to talk about. First off, your latest thoughts on the Hormuz situation.
B
Well, I'm of the opinion that oil has reached a new base level at, let's say, 65 to $70 at a minimum. And it could get worse as this altercation between the US And Iran and Israel keeps flaring up. So it makes me more bullish than ever on oil stocks in general. And once again, I'll draw attention to the fact that during the last oil bubble, real oil bubble, which was in 1980, oil stocks were 20% of the S&P 500. Now they're 4%, which is rather odd and anomalous since oil is much more important now than ever before. So this thing with Hormuz is not going to be over for lots and lots of reasons that we could talk about. But the way you ought to take advantage of it is that for some reason, nobody wants these oil stocks, and some of them are yielding up to 10% in current dividends. So it's. They're cheap, they're paying big dividends. Nobody wants them. And it's the only one of the. One of the only parts of the financial world that's actually underpriced. But people are chasing these semiconductor stocks and tech and AI and stuff like that.
A
Yeah, when chumps. You know, Trump's the ultimate salesman and marketer, and he has done an amazing job of jawboning the oil markets down, which has had an effect on these oil stocks as well. You know, he's, like, really been good about that. And yet the fundamental issue is unresolved, and it seems unresolvable, unless we thought maybe there was a possibility with this MOU that, you know, that would. Was the framework essentially, for Trump to walk away from the. From it and just allow the oil to continue to flow. But still, since there's. They're fighting over still exactly what route Chip's going to go through, whether or not Iran really does get control. And so there's definitely signs he's not just walking away. And if he doesn't just walk away, I think that there's no chance of going back to normal flows. And even then, if US Ceded that now, now it will be run by the Iranians and their allies, maybe China controlling exactly who does go through the Strait of Hormuz, which does imply restricted flows still going forward. So I think the new reality is the oil's not coming out of there the way it came out of there before, and the world is going to have to Adjust to it one way or another.
B
That's right. Trump has punched the tar baby and he can't pull his fist out of it. I mean, the US really should disengage from the Middle east totally and let these people, which is to say the Iranians and the Israelis, sort it out between themselves. It's none of our business, but we'll spend trillions of dollars and create all kinds of chaos. Oh, well, what are you going to do about it? There's nothing we can do about it. As little people.
A
No, there's nothing we can do. But what do you think Trump's going to do? Do you think he's going to walk away or do you think he's gonna escalate again?
B
He's unpredictable, he's schizophrenic. I mean, the very fact that he's announced that everything was going to mellow out and we have an agreement, they say 39 or 40 times, however many he's, he's actually, I, I, I believe that he suffers from serious psychological, mental problems at this point. He's, he fabricates reality. And how is it that the leader of the most powerful country in the world can create policy arbitrarily at 3 o' clock in the morning when he decides to tweet things? I mean, this is rather amazing.
A
Well, you know, he does, he does. He was, was it their pastor, the Reverend when he was a kid, the Norman Vincent Peale? It was like the power of positive thinking. And there is something that in Trump where he does believe that he can speak reality into existence. And that's what you see him doing, attempting to do. And he's done it with the oil markets. He's spoken reality into existence.
B
He really is a modern day reincarnation of Mussolini. His economic policies are actually identical to those of Benito Mussolini with purchasing companies for the US government in the open market. 10 at this point.
A
Did Mussolini make sure that his kids got in on those deals before the government did those contracts or not?
B
What did happen to Mussolini's kids, if he had any? I don't know. We all know how Mussolini ended up hung by his heels along with his consort at the end of World War II. But did he, did he ever reproduce? That's an interesting question.
A
Yeah, I don't know.
B
The grift from, from the Trump administration. Everything from those, those stupid coins that he had where he pulled the rug on his supplier, on his supporters with this Trump coin.
A
And I saw the total today. They added he had, he had to do a, you know, Financial disclosure statement. He had to publish that. And he's made $1.4 billion from crypto.
B
Well, he'll need that money to mount a proper legal defense after he's out of office. And I am willing to place a bet that he will not fully serve out his term. I think the next two years are going to be so wild and woolly that he might just resign and he'll come up with some nonsensical reason and why. Time for Vance to get groomed or whatever.
A
Yeah, my golf game is, is diminishing and I got to get it back in gear. I don't know.
B
Yeah, and he wants to pursue new opportunities and spend more time with his family.
A
Which is what, of course, write his memoirs.
B
Right, exactly. And I'm, I'd also make book that Melania is going to divorce them. My suspicion is the Melania coin was part of her. Part of her alimony settlement.
A
But, well, unfortunately they only earned. It was disclosed something like $6 million off the Melanio coin versus much, much larger number. What was it? Let me find it. He made 635 million from the trumpet meme coin, but it was only something like six from Melania's coin.
B
So, yeah, this is pure grift because as we've talked about in the past, those coins serve absolutely zero useful purpose. It's no, just. It's like giving somebody a book contract or a speaking fee to pass money to them. I mean, that's the basically right.
A
As they did with. I don't know if you know, one of the stories recently was about Jill Biden wrote her memoirs and it was on the New York. It was on the New York Times bestselling list, bestseller list. And now it's completely, it's gone. It's gone. And it's because no one wanted to buy it. But this is like, this is the, the classic payoff, you know, is that we. You write a book and you sell, you know, a million copies. Somehow, some way, somebody comes out of nowhere, buys a million copies of it, you, you get transferred a large amount of money. But, you know, the book itself has no real commercial success at all.
B
Exactly. And it's not a bribe. Just like the $13 million in speakers fees that Janet Yellen took before she became the Fed director.
A
Right, but that was like the two bit kind of grift that we were used to.
B
Yeah, that's right. That was pocket change money. I mean, Trump thinks big.
A
He thinks big. You, you got to give him that. Like, he is a big thinker yeah, but kind of thinking small sometimes. He gets fixated on weird things. Like. And so there's been a lot of controversy around the reflecting pool. You seen any of this?
B
I have. I've been, you know, for many, many decades. This reflecting pool was there, and nobody gave it a second thought. Even during the 60s, when Martin Luther King had his Million Man March and there were hundreds of thousands, nobody cared. I mean, it was just some water in a pool. Okay, that's fine. So how did this get blown up from. Where did the algae come from all of a sudden? And why did 13, or was it $16 million have to be spent with the buddy of Trump's to change its color?
A
Yeah, he gets fixated on weird things, and he. So this is. Became a huge priority for him. He made a huge stink about it. You remember he brought out that big cardboard cutout where he laid out the length of the reflecting pool and he compared it to America's tallest buildings, the Empire State Building, the Freedom Tower, you know, stuff like that. He's like, look, this is longer than even those are tall. So this is a bigger deal. You know, it was so weird.
B
Yeah. Among other faults of Trump's, he's a micromanager. He really thinks that he knows better than anybody else, which is one reason why all the people that are around him are sycophants, because they. They don't want to. They don't want to contradict him or argue with him in any way. They just want to stay in his good graces. He really wants to be a dictator. So many things that he's done. That ridiculous arc to Trump that he wants to build in Washington, D.C. putting his name on the Kennedy center, which was removed.
A
A court removed that.
B
Well, excellent, excellent move on the court's part. And trying to manufacture a $250bill with his. With his picture on it, which is totally inappropriate for a serving president to put his. To put his mug on the currency. And what else has he done?
A
That's the, the one thing that did go through, certainly, is the passports.
B
Oh, God. This is also unprecedented and egregious. Putting his picture on a US Passport. This is unbelievable that, that he would. Tried to promote himself that way and, and, and is getting away with it. I mean, it's. This guy's out of control. He really is.
A
Yeah, he is out of control. And there was a recent dust up between him and what was we thought, a supporter of his maloney at the G7 meeting. I don't know if you saw that.
B
Yeah, I did see that. And he cannot resist getting a dig in for whatever reason on somebody who was kind of an ally of his. He, he said that Maloney begged him, that was the quote, begged him to have her picture taken with him. And this is insulting to say this of a woman, not to mention a woman who's the, who runs leader of a country. Yeah, yes, exactly. And it's really just so low class that Italy's largest newspaper called Trump a coglione, which in Italian means asshole. And Trump really does behave like an asshole. I mean, people say, oh, that's just Trump. He's. It's part of the art of the deal. Intimidating people and showing that he's a man of the people and whatnot. No, it just shows you have no taste and no class and you don't think out what you say. So yeah, he is a caglioni.
A
And you remember these comments he throws out like this? They have, they really do have a big impact because she came out, did this video in response to him calling him, saying he's a total liar, this never happened. And kind of explaining it all. And you know, which is why then the Italian press is responding the way they are and I'm sure Italians in general are responding the way, that way to him. But remember when he, remember the comments he made about the King of Saudi Arabia said he kisses his ass.
B
Oh yes, that was great. And, and the thing is, especially with these people, remember that and they say, okay, God damn you, there will be payback for this. They don't. Nobody likes being insulted, but especially these people don't like being insulted. So the, the art of the deal. What a fraud. It's stupid. It's just stupid.
A
Well, and on the political front, I'm sure you noticed, Mandami is, seems to be like a star. And he's like, he's, he's using his star power to elevate other like minded candidates.
B
And they are like minded. They're actual real communists that want to overturn the entire nature of U.S. life. And the fact that Mandami was elected in the most heavily Jewish cities in the US to start with, I mean, it was shocking. And then he puts out the word and three Democratic candidates in, in safe distance where everybody idiotically just votes for the Democrats. So now we have three more AOC look alikes in Congress as a result.
A
Yeah, even, even you could say worse. AOC seems kind of dumb, you know, and I'm not sure Mandami is dumb. You know, I think he's a Lot more cunning in his approach. So he's. Same bad ideas, fundamentally, like they want to, you know, you know, why should billionaires exist? Kind of thinking. Right. Which is really dangerous. But I think this is just this overall trend which has been around for a long time and is only growing of, of citizens being wanting to overturn the system. And if you're on the left, you know, you vote for Mandami, you voted for Bernie Sanders, you know, who should have beat Clinton, if you remember, but they did some rigging, you know, to keep him out. But that was a vote to overturn the system, to like restart things. The, the whole vote for Obama was to overturn the system because after all of George Bush's excesses, you know, and, and the whole vote, the entire zeitgeist behind Trump drained the swamp. Like, you know, get rid of this. And I think Americans are becoming, whether they come down on the left or right, are being radicalized against the system one way or another. And so I think we'll see a lot more communists winning elections, and we're going to see some pretty extreme right people winning elections too.
B
I agree. I suspect that the left is going to win. And the proof of that is what happened with Mandami and his little clones in New York and, well, the kind of people that are elected in California and big west coast cities. The zeitgeist of the times is towards a big man, a left wing big man who wants to use the power of government to straighten things out for good.
A
For good.
B
For good. That's right. And the fact that over the last three generations, everybody that's gone to college, or for that matter, high school, and it starts in grade school, has been indoctrinated with these idiotic left wing ideas mean that the average guy goes along with it. He thinks it's the right thing to do, the morally right thing to do.
A
Yeah. But the seed of it all is they're so disturbed by the current system. Even if they can't explain what the problem is, they're so disturbed. And Trump obviously makes it worse because they see all of his, you know, all of all, you see everything he's doing. So, you know, they, they, they want to. Overturning Trump's system is very motivating to them because they see, you know, all the corruption and just, and the way he handles himself around the world wars, things like that now too. But, and so their bias is left wing because of their indoctrination. So, yeah, I think that means more hard left candidates winning elections.
B
Yeah. Because Trump is for some reason associated with capitalism and for some reason associated with free markets. I don't know how that happened. And he's delegitimizing those concepts by everything he does. So. Right.
A
It's like all of these business deals he's doing with his sons that, you know, like this, was it the Kazakhstan mine, you know, for tungsten, like this one where he gets his sons in and then, and then they, and then the US Invests a huge amount of money there. Like they look at that, they say that's capitalism at work.
B
Yeah.
A
But it's not at all.
B
It's actually fascism at work in the classic Mussolini definition of the word. And once again, I'll point out that Mussolini actually created the word fascism. It was a word that he made up. Right, so it's an economic system. Yeah, it's, this is, this is solidifying the divide between the red people and the blue people in the U. S. Will we have an election in, in 2028? Well, I guess we will, but I, like, like I said before, I, I don't think Trump is going to finish out his term. And who knows what could happen in between now and then where we could have a national emergency and the election is put off and that's really the end of the Republic of America that
A
really is, or the Republic, officially United States.
B
I, I don't like to call it America anymore because America is a, a concept, was a noble concept, but it's really been washed away and replaced by the United States, which is state.
A
Yeah. You know, and I think what people don't understand is all this wanting to overturn the, the, the system that it's like they don't understand what the fundamental problem is. And the fundamental problem is monetary in nature. It's having a, a money system that basically does create this K shaped economy. You know, it does have real negative impacts on the, you know, standard of living of the average American. And I just saw the M2 money supply surged by 247 billion in May to a record that's the largest monthly increase since May of 2021. You remember, that's when we were printing checks and sending them to people. And so, and, and during that burst of spending that we had, we're sending people, everyone money. We're doing, you know, paying companies not to lay off people. There's all kinds of fraud associated with that. But during that time, there's a huge growth in the money supply. It went up something like 42%. And during that short time, well then it started to come back down. But right now, today, we're 1.3 trillion above that peak, above that orgy of printing money. We're 1.3 trillion above that. And that is just destroying. I mean, it's laying waste to people's standard of living. And nobody sees that problem, understands that that's a problem. And so, you know, they're understandably upset about the current circumstances, don't understand why they're being impoverished, why it's, you know, they can't make ends meet. And so they're, they're being pushed into these billionaires shouldn't exist type thinking or, you know, that capitalism is evil type thinking. And, and I don't think there's any way to change it because it's like the monetary system is just too complicated for people to wrap their heads around.
B
No, you can't abolish any agencies. I mean, it's so ingrained at this point. I mean, the next thing that is going to happen is Trump is going to have to ask his science. Well, I don't think he has a science advisor or even an economic advisor. All this stuff comes out of his own hand. But he's going to have to ask what comes beyond a trillion. He doesn't know it, but it's a quadrillion. So that number is the next one we're going to start hearing about.
A
Oh, man. And if you think about how long it was, it wasn't that long ago that the number of trillion seemed like, like unfathomable. It's still unfathomable really, in practice, but it was just not, it's not part of common parlance at all.
B
No, no. I mean, listen, genetically we're so wired to think and count like the people that say two, three, many. And here we are dealing in trillions. So it's, of course it's incomprehensible.
A
So quadrillion, what's the difference? It's still unimaginable.
B
It's all out of control. It's all like a gambler on tilt. At this point, none of it matters.
A
Yeah. And I think the end is near though, Doug. I really do. I think it's gonna have to. Something's gonna change.
B
Listen, I've felt that for 30 years and of course I've been wrong. Thank God. But at this, this time, this time is different. But we really are so close to the edge of the edge of the precipice now.
A
You, you know, but you weren't wrong. And the dot com boom. Knowing that there was a Serious problem that there'd be a reckoning of some kind. And you weren't wrong going into the financial crisis knowing that there'd be a reckoning of some kind of.
B
Yeah. And of course I missed the tech boom, but not really because the boom in extraordinarily underpriced mining stocks so far has treated us really, really well. They're still very cheap, even though a number of issues have gone 5 or 10 to 1. So I don't feel bad. You can't kiss all the girls.
A
No, no. You also, I know you saw these headlines about Buddha Judge, our former secretary of Transportation and would be presidential candidate or presidential. Former presidential candidate that he got in trouble with the cps.
B
He's still hoping to be, I understand, yes.
A
Oh, really?
B
Okay. Well, it's about time that we. We elected our. Our first gay or, well, a homosexual for president. An overt one. One that's married to another man. And worse than that, he catches not just pitches, apparently. He's the wife in this. In this arrangement.
A
Oh, is he?
B
Well, I think so. I mean, it's so cute when the two of them are on a swing together in the backyard, but have they ever shown pictures of their two adopted kids?
A
I did see one picture of them, yeah. When they were. I don't know how old they are now, but yeah, I did see one photo. 18 months old, roughly, is what they looked like, I think in it, but I can't tell. Boys or girls or. I can't recall.
B
Well, they probably can't tell which they are either. But listen, over the years I've had a lot of homosexual friends. That's fine. I mean, okay, they are generally well groomed and well educated and thoughtful and like good food. There's a lot of nice things about. Yeah, about homosexual. Male homosexuals. Not so many things about female homosexuals, actually. They tend to be rough and butch and nasty.
A
Pissed off.
B
Pissed off, yeah, exactly. But it's, It's a mistake, I think, to let radical homosexuals adopt young kids because it's like having. Having dinner at home as opposed to having. Having to order takeout to bugger them and, and inculcate them with all kinds of kind of despicable habits and ideas. So look, I'm all for. For our faggot friends to be treated normally and so forth, but this has gotten out of control where they're parading their psychological aberrations and trying to influence other people to the fact that this isn't just something that happens, it's actually good. Well, it's actually not good. So I pity the two kids of the Buttigieg couple.
A
Yeah. And I looked up that what was in the news recently about some anonymous person allegedly called in tip to child protective Services. And if. If you. Well, and they went to his house and, you know, had to do a. And this is the way their policy was work, essentially. He doesn't have to be proven of doing anything wrong. It's just they, you know, they. They immediately begin an investigation and they get the kids out of the house while that's done. Apparently they just stayed with a grandparent, an adopted grandparent, of course, while they did their investigation. And then it was closed after 24 hours. So we don't know what really happened there. But, you know, in a way, it's these. These leftists who have, like, really pushed really hard for the intervention of the state and the family affairs. And if you're a parent in the United States, there is no agency in the country that you want less to do with than these child protective service people because they can show up at your house and they don't need evidence, and they can take your kids away from you and put them. If they don't find. If you don't, maybe they'll settle and let it go to grandparents. Maybe. But usually they end up putting them in foster care while this thing is going on. And it usually isn't resolved in 24 hours. It can take a long time, and these kids can be seriously damaged from that whole experience. So these agencies, that agency. You know, I don't know what was going on his house, but I'll just say those agencies that do this are. Are evil. And you got to be super careful with them. You really do.
B
Yeah. They're looked upon as being a cure to a problem such as I'm sure actually does exist in family Buttigieg. But the cure is actually worse than the disease in this case.
A
Yeah. I remember a long time ago when I lived in Denver and I was on the route to my office, there would be this woman standing. It was kind of close to where the federal buildings were, and the county courthouse was holding up a sign about how CPS took her kids, you know, and. And she just. She'd be there. She was like there every day for a month, like, standing out there with the sign. And, you know, that was before I really understood how it worked. And once I got a better understanding of how it works, it's actually insane what these agencies can do.
B
Yeah. I've seen CPS in action in Aspen of All places where they devastated a family of that I knew very well personally, that were very rich people, and it was all a lie. But these things happen. They get out of control and they
A
don't need a court order to take your kids. You know, they don't need anything like that.
B
No. And, and, you know, this is, it kind of relates because we, we're talking about the potential election in 2028. Nothing's a certainty anymore. The Democratic Party is divided into two wings that really don't like each other. The traditional Franklin Roosevelt type Democrats and the new Communist Democrats. They're at odds with each other. They share the base, same basic moral foundation, but one wing is so radical that they, they don't tolerate each other. And then in the Republican Party, you have the, the maga Ites, they're called maggots by some people, actually. It's, it's too bad. And, and the traditional Republicans, which are, they don't like each other very much either.
A
And which one of those groups is Trump in?
B
Well, he has no moral center or philosophical beliefs per se, so he'll go wherever he seems to have the most influence and power, which seems to be
A
down the traditional Republican route at the, at the time being at least in, with regard to this, all this Iranian stuff. Because, you know, his biggest fans out there are the never Trumpers, like the people who said he should never, ever be president, you know, are now his supporters. Whereas the people who supported him deeply, like Tucker Carlson, you know, I've turned completely on him.
B
That's right. Tucker Carl. Who else? Tucker Carlson and Candace Owens.
A
Candace Owens. Well, like Dave Smith is one of the guys, you know, lesser. Well, lesser known, but, you know, he was a big libertarian who went in for him. And perhaps Alex Jones should be in
B
that class as well.
A
Yeah. For some reason he still somehow holds out hope sometimes that maybe Trump can be turned around. But in general. Yeah, he's kind of. He's given up on him. Yeah.
B
Yeah. Well, it seemed at the time that Trump was much better than those two horrible people, Kamala Harris and Tim Waltz. I mean, to me it's unbelievable that they could actually be put up in seriousness as candidates of a major party. And almost one, frankly.
A
Almost one. Yeah. You know, we always talk about which would be worse. And you know, I'm definitely have come to the impression because I just one thing about Trump is he is extremely energetic, super ambitious.
B
Absolutely.
A
A big thinker, but a. Not a great thinker and. Right. So he does a lot of stuff. And, and I think I Just don't think that Kamala could have gotten done, you know, one tenth of what Trump has gotten done, most of which I think is panning out to be quite negative in retrospect.
B
And the fact that he's done a lot of things has kind of changed the landscape so that the next president, who I suspect will be a Democrat, will actually use the precedent of what Trump has done to further expand the state, but in a definitely leftist way, as opposed to an inchoate, kind of sometimes right leaning way that Trump has done.
A
Yeah. And just one example, we're going to talk about the Supreme Court cases that have come out recently on Friday. But one of them was that, you know, Trump could fire the heads of these independent agencies, which had always been something without cause. And I, I think he should be able to do that. But that's always been kind of a something that couldn't be done until the Supreme Court's ruling that came out the other day. Now just imagine that in char with Mamdami and being able to have that power. You know, imagine the, the volume of executive orders that Trump has now set a standard around with someone like Mamdami doing it. I mean, you just see how this is, the blowback from this is going to be amazing. And like preserving the standards of the office and the conduct of the president and the branches of government and how they work together, you can see why that was so important to the system functioning decently.
B
And somebody like Mandami will thoroughly replace these agencies with communists and ultra leftist socialists, which will change the whole character. I mean, these agencies ought to be abolished, but just the opposite is happening.
A
Just the opposite.
B
Yeah, but listen, there's some good things about the bankruptcy of the US government and because hopefully people will realize that Trump can't afford to build the Trump class battleship, which is just an incredibly stupid as a military concept, it's gonna
A
be a really expensive target for some cheap missile.
B
That's right. That's right. It would be a missile magnet and there'd be really no, no defense against them. But he wants to build something like that because, you know, it's big and gold plated and the situation is actually I, I, I hate to, you know, go into a slow of despond and be, be so, so negative about the way things are evolving. I, keeping up with the news is depressing. I mean, we don't have time to read books because we're absorbing so much of this negative news.
A
Well, you just told me you finished pure teal zero to one book which we should. Maybe we'll talk about that, too, on Friday.
B
And good book it is.
A
And I'm reading a couple books now, so I'm trying to squeeze it in. I'm trying to, like, course, correct my consumption of information. So there's more book and less headline.
B
I am, too. I'm trying to discipline myself. And the fourth novel in the series that I'm doing with John Hump is called Terrorist. And it's very, very timely at this moment. And I'm trying to find the time to finish the book, but I don't have time. I've got to read. I've got to read so many blogs and listen to so many interesting conversations.
A
You got, you got to hear all the, all the good and the bad about the new reflecting pool, you know.
B
Yeah, that's right. I mean, first things first. Let's prioritize what's important.
A
Yeah. Well, speaking of which, for people who are subscribers to Crisis Investing, our monthly newsletter, John Hunt, your co author, is now leading up the publishing of that report and of that monthly, those monthly issues. And this was his first issue. And he recommends a really interesting gold company there. And so if you're interested in some gold stocks in particular, you might want to subscribe to Crisis Investing and see some of John's writing and, yeah, take some action.
B
You should be interested in these things. And I've got to say, John is a, he's an actual renaissance man. He's not just an md, but, you know, he was trained in geology and he can do everything. And he's an excellent thinker and an excellent analyst. So I'd say Crisis Investing is a better newsletter than ever and it's going to improve a lot from here.
A
Yep. So if you want to find out more about that, go to crisisinvesting.com and just upgrade there and you'll get the latest issue. All right, Doug, I think we'll wrap it up for now, but let's make a note to talk about zero to one, which was interesting. And also we want to hear your thoughts on the different Supreme Court rulings that have come down in the last week.
B
And we might have questions from the audience where there are some reactions to what we talked about.
A
Absolutely. We'll squeeze in questions, too. So if you're a subscriber, you can ask questions on Substack. There's, there's a link right at the top. Ask Doug a question and you can post the question there. And it'll be on our list for Friday. So thanks very much, Doug.
B
Thank you, Matt.
Host: Matthew Smith
Guest: Doug Casey (bestselling author, speculator, libertarian philosopher)
Date: July 1, 2026
In this provocative episode, Doug Casey shares his characteristically controversial takes on current political and economic turmoil, with a particular focus on Donald Trump's ongoing presidency, geopolitical upheaval in the Middle East, the shifting American political spectrum, and the broader trends impacting economic markets. Casey argues that Trump will not serve out his full term and predicts increasingly radical political shifts, detailing the implications for investors and everyday citizens alike.
“Trump has punched the tar baby and he can't pull his fist out of it… the US really should disengage from the Middle East totally and let these people, which is to say the Iranians and the Israelis, sort it out between themselves.” (Doug, 03:09)
“How is it that the leader of the most powerful country in the world can create policy arbitrarily at 3 o’clock in the morning when he decides to tweet things?” (Doug, 04:20)
“I am willing to place a bet that he will not fully serve out his term. I think the next two years are going to be so wild and woolly that he might just resign…” (Doug, 06:14)
“This is also unprecedented and egregious. Putting his picture on a US Passport… This guy’s out of control. He really is.” (Doug, 11:12)
The Maloney Incident: Trump’s penchant for public insults, notably calling Italy’s leader Maloney “begging” for a photo, drew sharp rebukes from the Italian press.
“Italy’s largest newspaper called Trump a coglione, which in Italian means asshole. And Trump really does behave like an asshole.” (Doug, 12:35)
Global Fallout: The hosts note that such behavior creates lasting enmity with world leaders and fractures alliances. (13:18–13:44)
“The zeitgeist of the times is towards a big man, a left wing big man who wants to use the power of government to straighten things out for good.” (Doug, 16:26)
"He’s going to have to ask what comes beyond a trillion. He doesn’t know it, but it’s a quadrillion. So that number is the next one we're going to start hearing about." (Doug, 21:35)
“The next president, who I suspect will be a Democrat, will actually use the precedent of what Trump has done to further expand the state, but in a definitely leftist way, as opposed to an inchoate, kind of sometimes right leaning way that Trump has done.” (Doug, 32:21)
On oil stocks:
“Nobody wants these oil stocks…they’re cheap, they’re paying big dividends…It’s the only part of the financial world that’s actually underpriced.” (Doug, 00:10)
On Trump’s leadership:
“He really is a modern day reincarnation of Mussolini.” (Doug, 04:55)
On U.S. decline:
“America is a concept…but it’s really been washed away and replaced by the United States, which is the State.” (Doug, 19:07)
On the monetary system:
“He doesn't know it, but it's a quadrillion. So that number is the next one we're going to start hearing about.” (Doug, 21:35)
On the future:
“We really are so close to the edge of the edge of the precipice now.” (Doug, 22:34)
This summary has captured the most essential points and provocative ideas from Doug Casey’s Take – "Trump Will Not Fully Serve Out His Term." For listeners and readers new to the episode, it provides context, key quotes, insights, and the rationale behind Doug Casey’s bold predictions.