The Daily Bell recently interviewed Doug Casey about “The Continuing Debasement of Money, Language and Banking in the Modern Age.” Casey talks not just about the evils of our central banking system, but also the fundamental case for gold and the end of Western civilization as we know it.
“I don’t see a real recovery until they stop debasing the currency, radically cut government spending and taxation and eliminate most regulation. In other words, cease doing the things that caused this depression. And that’s not going to happen until there’s a collapse of the current order…
I expect that we’ll go out of the eye of the storm this year; it’s overdue, actually. The analogy I like to use is that the leading edge of the storm was in 2007, now we’re in the eye of the hurricane, and when we move into the trailing edge it’s going to be much, much worse and last much, much longer than it was in the leading edge.”
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