Doug Casey's Take

Trumps Next Move

Find us at www.crisisinvesting.com [https://www.crisisinvesting.com] Matt promotes the Crisis Investing newsletter and VIP private placements, citing past returns and highlighting Midnight Sun's gains and the free Experts Roundtable featuring Arizona Eagle Mining. Doug and Matt discuss Spirit Airlines' bankruptcy and criticize a proposed government bailout as state capitalism, then argue the FAA and TSA should be abolished or privatized. They question Trump's claims about saving eight Iranian girls from execution, debate marijuana reclassification, and emphasize personal responsibility and cultural causes of drug use. In listener Q&A, they cover the importance of economics and psychology, skepticism about modern psychiatry, the value of intrapreneurship, risks of invading Iran, defining the deep state, best healthcare abroad (Switzerland, Thailand, Argentina), where private gold is concentrated (China), property vs self-investment, Roth IRA asset choice, private placement minimums, border interrogation, shareholder voting, helium investing limits, tungsten's strategic value, skepticism on South Africa REITs, and the film Barnum World's critique of political rhetoric. 00:00 Newsletter Pitch and Returns 01:21 VIP Deals and Roundtable 02:50 Spirit Airlines Bailout 04:44 Abolish FAA and TSA 05:48 Iranian Girls Tweet Controversy 08:12 Marijuana Rescheduling Debate 12:02 Economics vs Psychology Discipline 16:28 Intrapreneurship at Work 17:47 Invading Iran and Deep State 19:40 Best Healthcare Abroad 21:22 US Healthcare Reality 21:55 Where Gold Is Hoarded 23:33 Property Or Self Investment 27:06 Roth IRA Asset Choices 29:45 VIP Deal Minimums 30:27 Border Tech And Customs 31:55 Shareholder Voting Skepticism 33:13 Helium And Supply Limits 34:40 Tungsten And Critical Metals 36:56 South Africa REITs Debate 40:05 Barnum Statements In Politics 41:58 Wrap Up And Next Week

The Strait "Reopens" and Gold Keeps Climbing

In today's episode: Good news broke this morning: the Strait of Hormuz is officially open again — assuming you believe what you read in the papers, which Doug emphatically does not. Oil dropped toward $80, gold crept toward $5,000 (a combination Doug calls "a little bit counterintuitive"), and meanwhile C-130s keep flowing into the Middle Eastern theater around the clock. As Doug puts it, "chances are this is just a pause in hostilities — everybody's taking the opportunity to reload." From there the conversation goes exactly where you'd hope it would. We get into Pete Hegseth's now-infamous "prayer breakfast," where the Secretary of Defense appears to have lifted Samuel L. Jackson's Ezekiel 25:17 monologue from Pulp Fiction and delivered it to a room of bewildered military brass as scripture. Doug's review was not kind: "It was kind of weak and mealy-mouthed the way Hegseth delivered those lines." His proposed fix? "Next time he ought to put a red bandana around his forehead à la Rambo, strip his shirt off to expose his war-like tattoos, and then deliver it with proper fervor." Elsewhere in a wide-ranging episode: * Why coin collecting is dead and what that says about how we think about money * Doug's characteristically diplomatic take on Ireland's troubles * The Argentine citizenship-by-investment program that was, then wasn't * Whether traveling as an American is about to get uncomfortable again (Doug remembers the Vietnam-era Canadian-flag-on-the-backpack trick) * Human cloning, Multiplicity, and the curious case of Adolfo Cambiasso cloning his best polo ponies — which rather settles the question of whether someone, somewhere, has tried it on people * An honest look at our private placement track record: the big winners, and the ones that aren't As Doug reminds us near the end: "We're just leaves drifting down the river of time. We shouldn't concern ourselves with these things — they're above our pay grade anyway." Have a great weekend, Matt

Narrative Warfare, Iran, and the Looming Energy Shock

Doug and the host discuss how a gloomy zeitgeist has flipped inspirational "hard work pays off" stories into reminders that most people aren't Will Smith, reflecting young people's uncertainty and widening social division that could escalate beyond clashing ideas. They argue an "information war" now relies less on narrative control than flooding the public with competing, plausible, comforting, and gratifying stories that can't be proven, deepening confusion and polarization. The conversation centers on the escalating conflict with Iran, heated disagreements among investors and military professionals, and the market implications of a U.S. blockade and a Strait of Hormuz shutdown, which they warn could trigger fuel shortages, rapid economic contraction, bankruptcies, more money printing, inflation, and a potential bond-market panic, while noting potential geopolitical winners like Israel and possibly China. 00:00 Confusing Times Setup 01:05 Pop Culture Gloom Shift 03:05 Youth Outlook And Civil Strife 05:57 Iran Conflict Sparks Division 07:19 Markets View And Escalation Risks 11:40 Narrative Warfare Flooding 14:18 Why We Believe Stories 18:12 Extraordinary Claims Need Proof 20:31 Iran Narratives And Religion 22:25 No Shared Western Story 23:13 Heroes and Moral Vacuum 24:19 Drug Boats and Rules 25:48 Iran Blowback and Propaganda 30:36 Blockade Escalation Scenarios 33:38 Strait Closure Economic Shock 35:40 Markets Mispricing the Crisis 38:23 Trump Knew the Stakes 41:01 China Advantage and Bond Panic 43:44 Wrap Up and Prepare

Space Aliens, Disappearing Scientists, and the Coal Comeback

Aliens, Energy Shocks, Migration, and Crisis Investing Q&A with Doug Doug and the host pivot from Iran to UFOs, discussing reports of nine connected people disappearing and a clip of Congressman Tim Burchett reacting to Matt Gaetz's claim of an alien-human hybrid breeding program and calling for disclosure, while the hosts debate the odds of alien visitation and mention alleged underwater craft reports. They then take subscriber questions on energy, arguing coal is undervalued, natural gas is extremely cheap versus oil (about $2.50 vs $100, shifting the usual 6:1 ratio to ~40:1), and explaining LNG's transport constraints and EQT's sensitivity to gas prices. They discuss mass migration into the U.S. from Latin America, speculate on motives, criticize Canadian political "wokeness," address nuclear-war risk and Argentina/Israel relocation rumors, touch on pensions' fragility, explain their Crisis Investing newsletter process, mention a VIP private placement called NAQI (earbud control tech), and share views on trusts. 00:00 Aliens and Disappearances 01:05 Art Bell Memories 02:23 Congress UFO Clip 04:47 Disclosure Day Hype 05:29 Do the Math on Life 08:23 Sci Fi and TV Picks 10:45 Energy Question Coal 12:51 Coal Gas and LNG 15:33 Migration Debate 20:33 Canada NDP Clip Setup 21:12 Canada Genocide Claim 22:52 Trans Surgery And Suicide 24:00 WEF Momentum And War Fears 25:31 Israel To Argentina Rumor 27:26 Technocracy Rabbit Holes 28:04 EQT Natural Gas Selloff 29:03 Shipping Insurance And Straits 31:28 Oil Shock And Australia 33:14 Rebel Vocalists Talk 34:56 Pensions And Dependency Risks 37:25 Newsletter Workflow And Picks 38:19 Private Tech Placement 40:16 Trusts Pros And Cons 42:43 Closing Thoughts And Farewell

TACO Tuesday? Trump's Iran Ultimatum, Energy Shock Fears, and Dubai's Fragile Future

Doug and Matt discuss escalating tensions with Iran, criticizing Trump's social media threats of "civilization" ending and calling his behavior unstable, with one suggesting the 25th Amendment. They argue U.S. involvement benefits Israel, dispute the "47 years" framing by citing the 1953 coup, and warn that threatening to cut power to Iran amounts to mass death. They anticipate potential Iranian retaliation against U.S. Gulf interests and infrastructure, triggering oil disruptions, diesel price spikes, global shortages (especially in Asia), and broader financial stress amid high debt and risky junk lending. They consider knock-on effects like reduced civilian air travel, then pivot to refuges and isolated places like Tristan da Cunha's small, lobster-based community. Finally, they assess Dubai's vulnerability in war and financial downturns, noting falling transaction volumes, possible car abandonments, and the city's artificial, hard-to-maintain nature. 00:00 D-Day Iran Threats 01:30 Trump Unhinged Turn 04:27 Bonkers Tweets Read 05:44 Iran History Context 07:21 Blowback and Terror Risk 09:42 Oil Shock Global Fallout 11:02 Debt Markets Unraveling 14:14 Invoke 25th Amendment 16:04 Escape Plans and Islands 17:04 Tristan da Cunha Life 20:42 Dubai Warzone Real Estate 28:25 Nuclear War Fears 29:31 Waiting for Taco Tuesday