Doug Casey Shares His Plan to Profit From the EU’s Coming Collapse
Doug Casey Shares His Plan to Profit From the EU’s Coming Collapse by Nick Giambruno – International Man
On April 23, there’s a strong chance France’s presidential election will destroy the European Union—the world’s biggest economy.
Doug Casey and I recently discussed this critical election and the unique opportunities it could create.
I think you’ll enjoy Doug’s controversial take.
Until next time,
Senior Editor, International Man
Nick Giambruno: The European Union is looking shakier by the day. Marine Le Pen wants France to leave the euro. And she has a real chance of winning the country’s presidential election later this month.
Eurosceptic parties like Le Pen’s Front National are the Continent’s populists. Donald Trump’s victory has given these parties even more political rocket fuel.
What’s your take?
Doug Casey: The Social Democratic, Christian Democratic, Socialist, Communist, and similar parties have ruled Europe since the end of World War 2. They’re all pretty similar in that they promote massive welfare benefits, strong labor unions, large state bureaucracies, very high taxes, strict regulations, and an atmosphere of Cultural Marxism. Then, every few generations, the voters react and install a “fascist” regime. These keep most of the socialist characteristics, but tend to be supported by, and friendly to, Big Business. That, and they add on nationalism, xenophobia, and militarism.
The last time this happened was in the 1930s. In those days it was spurred by the Great Depression. This time it will be spurred by the Greater Depression, plus massive waves of Muslim migrants from the Near East and Africa. So I expect to see more neo-fascist political parties everywhere.
Oddly, the Europeans can’t seem to imagine a libertarian alternative of private charities, limited government, minimal taxes, an unregulated economy, and intellectual/psychological freedom. It’s another reason the Continent is a sinking ship.
Incidentally, people think of these countries—Italy, France, Germany, and so on—as though they are fixtures in the cosmos. But they aren’t. In their current forms, they’re all newcomers on the stage of history.