Douglas "Doug" Casey
Who is he: Douglas "Doug" Casey is a highly respected author, publisher and professional investor who graduated from Georgetown University in 1968. Casey literally wrote the book on profiting from periods of economic turmoil: his book Crisis Investing spent multiple weeks as #1 on the New York Times bestseller list and became the best-selling financial book of 1980 with 438,640 copies sold; surpassing big-caliber names, like Free to Choose by Milton Friedman, The Real War by Richard Nixon, and Cosmos by Carl Sagan.
Casey broke the record with his next book, Strategic Investing, by receiving the largest advance ever paid for a financial book at the time. Interestingly, Casey's book The International Man was the most sold book in the history of Rhodesia. Doug Casey has been a featured guest on hundreds of radio and TV shows, including David Letterman, Merv Griffin, Charlie Rose, Phil Donahue, Regis Philbin, Maury Povich, NBC News and CNN; and has been the topic of numerous features in periodicals such as Time, Forbes, People, and the Washington Post.
Casey, who divides his time between homes in Aspen, Colorado, Auckland, New Zealand, and Salta, Argentina, has written newsletters and alert services for sophisticated investors for over 28 years. Doug has lived in 10 countries and visited over 175. In addition to having served as a trustee on the Board of Governors of Washington College and Northwoods University, Casey has been a director and advisor to nine different financial corporations.
Doug Casey is widely respected as one of the preeminent authorities on "rational speculation," especially in the high-potential natural resource sector. Casey attributes much of his success to standing on the shoulders of other people, such as Ayn Rand, Harry Browne and Murray Rothbard. They opened his eyes to an economic way of thinking, or actually more than that – an anarchic-economic way of thinking – as Casey is a self-declared anarcho-capitalist. Casey does not believe this is a radical stance, as people like Republican George W. Bush, to name one example, have always talked about freedom, capitalism and liberty, though their actions have not matched their words.
Background: Douglas Casey, international investor and entrepreneur, is the founder of Casey Research, a provider of subscription financial analysis about specific market verticals around which he has focused his investing career, including natural resources/metals/mining, energy, commodities and technology.
Doug Casey has appeared on hundreds of radio and TV shows, and has been the subject of articles in People, US, Time, Forbes, The Washington Post, and numerous other publications. For nearly three decades, Doug Casey and his team have been correctly predicting major budding trends in the overall economy and commodity markets. Casey has sold several million books through conventional means and is selling more through the Internet.
Government, Casey believes, is in essence the biggest single problem by an order of magnitude. People are looking for government to provide solutions when it invariably makes things worse. Casey has predicted that the modern economic slump is actually a Greater Depression – more serious than that of 1930s. For many years, distortions and misallocations of capital have been building up – and these will have to be liquidated. The economy could have, should have, and almost did go over the edge in the '70s and especially in the recession of the early '80s, but the government was able to prop up the house of cards and build it even higher.
Insofar as there are any green shoots, they are weeds, Casey has said on-the-record. Everything the government is doing is not only the wrong thing; it is the exact opposite of the right thing. The way to solve the problems that have been exposed is for the government to not do anything; in fact, to entirely get out of the money game, to stop regulating, and vastly reduce taxes. Government inaction would be far more favorable than government action. Things have gone too far and Doug Casey is leading the charge with respect to educating people on how to take responsibility for their own destinies and by doing so enact positive change for all.
|09/30/10||Fall of America: Doug Casey on the Largest Criminal Entity on Earth|