Doug Casey: Biological Warfare Is a Bigger Threat Than the Coronavirus

Doug Casey: Biological Warfare Is a Bigger Threat Than the Coronavirus By  for Casey Resarch

Editor’s note: Regular readers know that Casey Research founder Doug Casey made his fortune by being a contrarian.

Adhering to contrarian views – buying when there’s “blood in the streets” and not getting shaken out of investments due to panic – is a skill. It takes discipline and a sound mind.

In today’s Conversations With Casey, Doug applies his calm, cool, rational thinking to the coronavirus panic… tells us why it’s just hysteria… and shares what we should really worry about.

Daily Dispatch: Doug, the coronavirus attracted a lot of headline attention in recent weeks. This seems to be the latest in a number of deadly viruses that have emanated from China or Southeast Asia in recent years.

Is this coincidental? Do these things happen everywhere and all the time? Or, can you see any kind of connection between these virus outbreaks and urbanization?

After all, when you’ve got 1.4 billion people living in an area the size of the United States… is this inevitable?

Doug Casey: There are several questions here. In the first place, I suspect this is mostly hysteria. Why do I say that? The total number of casualties from the last two viral epidemics, SARS and MERS, were less than 1,000. That’s not even a rounding error. Your chances of getting these things, including Wuhan coronavirus, are about zero. It’s a decimal point with lots of zeros on the right side.

In other words, don’t worry about it. In fact, before medicine discovered bacteria and viruses, before it was able to diagnose the cause of diseases, many of these things came and went unnoticed. They sickened some people, killed a few others, but most people never even knew that they were there. I look at it in that context.

The real damage is likely to be gigantic amounts of wasted time and resources due to the hysteria.

Daily Dispatch: And the issue of whether this is a “China thing” or related to urbanization?

Doug Casey: Great epidemics have always come out of large population centers. That’s where these things can spread and mutate easily.

The bubonic plague arose from the giant pools of humanity in central and eastern Asia. That’s nothing unusual. If you’re around diseased people, you run a better chance of getting sick. That’s a major reason to stay out of hospitals – they’re veritable petri dishes of disease.

The plot of one of Stephen King’s novels is going to be right eventually – some ultra-lethal mutation will arise, spread insanely well, and wipe out a lot of the human race. The U.S. government has spent many billions of dollars since the end of World War II developing biological agents. No doubt they’ll use them at some point. They have lots of advantages over either conventional or nuclear weapons. They don’t destroy material, you can inoculate your own troops against them, they’re super cheap, they can wipe out the enemy before he even knows he’s under attack, and there’s plausible deniability about who did it.

Taking this further, bio agents can be bred to zero-in on particular racial groups. This would be convenient for the U.S. government, should there be a major war with China. Perhaps agents will be used to just wipe out major crops to cause global famine – easy since most crops today are giant monocultures. I suspect World War III will have a big bio element.

Daily Dispatch: Whoa. Many of our readers will be shocked that governments could develop bio agents to target specific racial groups. Do you really think that’s possible?

Continue Reading / Casey Research >>>

Sharing is caring!

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..