Doug Casey on the Self-Identified Elite

Mark Twain said, “If you don’t read the papers you’re uninformed. If you do read them, you’re misinformed.”

That’s why I want to draw your attention to a recent article called “The Isolationist Temptation,” in The Wall Street Journal, written by Richard Haass, the president of the Council on Foreign Relations.

The piece wasn’t worth reading—except that it offers some real insight into what the “elite” are thinking. The CFR is one of about a dozen groups, like Bilderberg, Bohemian Grove, and Davos, where the self-identified elite gather.

These groups don’t have political power, per se. But their members are members of governments, large corporations, universities, the military, and the media. They all went to the same schools, belong to the same clubs, socialize together and, most important, share the same worldview. What might that be? They believe in the State—not the market—as the best way to organize the world.

Believe it or not (I still don’t…) I was recently invited to one of these conclaves. Probably by mistake. I don’t expect to be a fox in the henhouse, but more like a skeleton at a feast. I’ll tell you all about it next month…

But back to the current topic. Like me, you’ve probably asked yourself, “Who are these people? Are they knaves, or fools, or both? What are they smoking? Are they actually crazy?”

Haass starts out by dividing the world of foreign policy observers into the “internationalists” and the “isolationists”—a false, misleading, and stupid distinction. They’re not “internationalists” (which are people who move between countries); they’re “globalists” (people who want to work for one world government, that they control). He uses the term “isolationists” as a pejorative term for the enemy camp, conflating them with non-interventionists—who are a totally different group. Isolationists bring to mind a backward cult, hiding from the rest of the world. Non-interventionists simply don’t want to stick their noses in other people’s business.

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Doug Casey

For over a quarter of a century, legendary investor and best-selling author Doug Casey and his team at Casey Research have been helping self-directed investors to earn superior returns through innovative investment research designed to take advantage of market dislocations..