Doug Casey on the Cultural Revolution in the US and What It Means for the Election

Doug Casey on the Cultural Revolution in the US and What It Means for the Election by Doug Casey for International Man

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International Man: In 2016, you accurately predicted that Donald Trump would be the next president of the United States.

It came as a complete shock for most people. What do you think of his chances of winning a second term?

Doug Casey: I’m not a fan of Trump, per se. He has no philosophical center, no core beliefs. He’s an opportunist who flies by the seat of his pants.

His economic policies are disjointed and inconsistent. Many are idiotic. It’s true he wants to deregulate the economy, and he deserves kudos for that.

But he’s encouraging reckless monetary policies—zero-percent interest rates, gigantic increases in debt, massive public-works projects, and the creation of trillions of new dollars. He’s just building the house of cards higher while enriching the Deep State and corrupting the 30 million Americans making more not working than they made working.

Almost as bad as that is the way he slaps on import duties, embargoes, and quotas at whim. He devastated American farmers by provoking China into a trade war, then spent billions in subsidies to keep them from bankruptcy.

His foreign policies are dangerous. Provoking the Iranians and the Russians is counterproductive. What’s worse, he’s started a cold war with China that could easily spin out of control and turn into a hot war.

But on the bright side, he’s a cultural conservative. And that’s why people support him. He wants to see the US return to the golden days of yesteryear, the world of Leave it to Beaver, Ozzie and Harriet, and Father Knows Best. We’d all like to see domestic tranquility and rising prosperity. But that’s not the world we’re going to be living in, not just for 2020, but the whole decade.

For years, I’ve joked that I planned on watching riots on my widescreen from a secure location, not out my front window. Things have now become so predictable that when I turn on the news, I kill the audio and just put the Stone’s “Street Fighting Man” on a continuous loop.

Given a choice between Trump and the Democrats, if you like what’s left of the US, you have to be a Trump supporter. But since we’ll be in the midst of a gigantic political, economic, and social crisis in November, people will want a radical change. That’s what the Democrats are promising, so they’re likely to win. But there are other factors.

The last election was close enough, but now, four years later, there are four more cohorts of kids that have gone through high school and college and been indoctrinated by their uniformly left-wing teachers. They’re going to vote Democrat overwhelmingly.

The only bright spot for Trump is the stock market. That said, I’m not optimistic about the stock market. It’s at current levels not because the economy is doing well, but because of the avalanche of money being printed. Where it is in November is a question of how much more money the Fed will print, and how much of it flows into the stock market.

For reasons I’ve detailed in the past, the economy is going to be worse, however. And people vote their pocketbook. Bill Clinton was right when he said, “It’s the economy, stupid.” If stocks fall, it will compound this effect. A high stock market can give the illusion of prosperity.

On top of all that, the conservatives are completely demoralized. It’s impossible to defend being a white person anymore; propaganda has made it shameful to be white. If you object to the race-baiters, you’ll be shouted down in the media—even by other white people. It looks like everything you grew up with and thought was part of the cosmic firmament is being washed away as unworthy.

Here are two examples.

Recently, in Stone Mountain in Georgia, there were 1,000 uniformed, armed black men who went out of their way to say that they were looking for a fight. “Where are the rednecks that want to fight with us?”

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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..