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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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00:00:43,560 --> 00:00:48,920
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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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00:19:22,119 --> 00:19:26,039
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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00:22:18,119 --> 00:22:26,279
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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00:22:29,799 --> 00:22:33,960
when you swiped the flip the switch
on on the wall, or your light

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00:22:33,079 --> 00:22:38,200
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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00:23:32,279 --> 00:23:37,599
group shocking is just to say you
could go ten to one over the next

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00:23:37,680 --> 00:23:41,759
year or two. It's got a
prediction, but it's a real possibility and

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00:23:41,799 --> 00:23:47,400
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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00:23:49,960 --> 00:23:55,200
of staked by future. Hey Doug, it's been great having you on.

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00:23:55,400 --> 00:24:00,519
Just tell us where we find you
again these days. Well, we have

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00:24:00,599 --> 00:24:07,039
a I do an article once a
week and we have other great guys that

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00:24:07,240 --> 00:24:11,880
do articles at internationalman dot com.
It's free, great articles there on all

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00:24:11,960 --> 00:24:18,480
kinds of stuff. And my podcast
is done Casey's take on YouTube rumble.

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00:24:18,960 --> 00:24:22,160
But I want to I've got to
as an author, have to plug my

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00:24:22,319 --> 00:24:26,839
novels. Oh yes, yes,
So we didn't even talk about them this

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00:24:26,880 --> 00:24:30,000
time, but we'll have you on
again. Tell us the latest, well

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00:24:30,079 --> 00:24:34,079
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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00:24:41,240 --> 00:24:45,920
It was a lesson because we're tracing
the history of our hero, Charles Knight,

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00:24:45,440 --> 00:24:55,000
who is reforming the reputations of these
unjustly besmirched occupations, good guy doing

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00:24:55,079 --> 00:24:57,279
the things, and now he's going
to be used to being a terrorist.

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00:24:57,680 --> 00:25:04,559
And I love the first two and
this one sounds even better if that's possible

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00:25:04,599 --> 00:25:11,599
here and Hey, in any of
that, we'll put links in the show

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00:25:11,640 --> 00:25:15,880
notes to your prior books, which
I believe are found on Amazon and wherever

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00:25:17,000 --> 00:25:22,519
fine books used to be sold at
the and we'll put your international man link

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00:25:22,599 --> 00:25:26,680
in there as well. We appreciate
as always you're coming on. If you've

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00:25:26,680 --> 00:25:30,039
got a question for Doug or myself, shoot me an email. Hey,

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00:25:30,279 --> 00:25:34,880
questions about Argentina where you think that's
heading, love to hear about it and

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00:25:36,319 --> 00:25:40,880
any questions comments kl at Carrie LUTs
dot com. Make sure when you go

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00:25:40,920 --> 00:25:44,720
to the site you sign up for
our free newsletter. Doug, It's always

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00:25:44,720 --> 00:25:48,039
a pleasure and it's great to catch
up with you, Mike warns Carrie.

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00:25:48,279 --> 00:25:53,400
Thanks for listening to Carrie Letz's Financial
Survival Network, your solution to today's trying

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00:25:53,519 --> 00:25:59,880
times. For the latest, go
to Financial Survivalnetwork dot com. Financial Service

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00:26:00,039 --> 00:26:02,720
level Network now more than ever