Doug Casey for 2006:
A Few Particulars…
Oh, I almost forgot. What about 2006? I rather expect to see gold well over $700, silver closing in on $20, oil at where it now is (but likely closer to $100). The stock market resuming the downtrend it started in 2000, interrupted since October 2003. Interest rates will be heading up decisively. And the U.S. property market is headed down decisively—along with the dollar. All of which should result in a quintuple whammy on Americans’ standard of living, which will likely be compounded by a turnaround in the balance of trade (fewer free goodies from abroad in exchange for paper money) and higher domestic inflation (as some of the trillions of dollars Americans have shipped abroad come home, to be redeemed for real goods). I’m not necessarily expecting the Greater Depression to be announced on CNN this year, but I’ll be surprised if the average American doesn’t become more concerned about his standard of living and financial future.>>
<<America’s long slide towards authoritarianism has greatly accelerated since our version of the Reichstag fire on 9/11, and I see no prospect of it even slowing, much less reversing. It makes me nostalgic for the days of Reagan; even if the reality was two steps backward for one step forward, he at least seemed good-hearted. The Baby Bush, on the other hand, appears to be stupid, ignorant, stubborn and mean-spirited. I don’t know whether or not to credit the reports that he’s hitting the bottle again and flies into fits of rage when his will is challenged. Is it possible Bush is also psychologically imbalanced? That is certainly possible, given his stated views on torture. But, looking to the bright side, at least he’s not Dick Cheney, who appears to be a genuinely degraded being.
What’s likely to happen with the wars they’ve started? My guess is that they’ll grow and spread. Maybe the catalyst will be another big event in the otherwise phoney War on Terror. Maybe it will be some type of air strike on Iran, because of their nuclear program. Certainly, the numbers of Iraqis and Afghans who join the guerrilla resistance movements will grow. It’s foolish to think they like foreign troops running around their countries any more than we’d like an Islamic army in the U.S., however well intentioned. >>>
<<guess my bottom line prediction is that you should rig for stormy weather. But you’ll be well able to afford it with the profits you’ll make in selected gold and gold stocks in 2006. Which should be an excellent year for us, even if not the world at large.>>
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