Over two thousand years ago, Aristotle taught us that money should be durable, divisible, consistent, convenient, and value in itself. It should be durable, which is why wheat isn't money; divisible which is why works of art are not money; consistent which is why real estate isn't money; convenient, which is why lead isn't money; value in itself, which is why paper shouldn't be money. Gold answers to all these criteria.
Doug CaseyFear is being used by the political class as an excuse to accumulate more power and self-importance - and collect a lot more taxes to support their agenda.
Doug CaseyGlobal warming hysterics generally have limited scientific knowledge, and of geology and meteorology in particular. Their belief is not science; it's more akin to religion. The main epicenter of hysteria is not the scientific community but seems to be Hollywood.
Doug CaseyThe thought of how far the human race would have advanced without government simply staggers the imagination.
Doug CaseyThe way I see it, gold is headed over $1000 an ounce, probably much higher. At anywhere near current prices, it's the lowest risk, highest potential investment I can think of.
Doug CaseyGlobal warming is the most prominent form of mass hysteria raging across the world today.
Doug CaseyThe time will come, and probably during 2009, that the only way the U.S. will be able to fund its deficits is to create money by printing it. The Treasury will have to sell bonds, and, in the absence of foreign buyers, the Fed will have to print the money to buy them. The consequence will be runaway inflation, increasing interest rates, recession, and inevitable tax increases on all Americans.
Doug CaseyNo one can predict whether the earth will be cooler or hotter next year, let alone do anything to change it. If you're afraid of global warming, turn off the lights when you leave the room - but don't participate in the corruption of science, don't scare our kids with unproven cataclysmic theories, and don't try to ban economic energy sources that people living on this planet depend upon today. And don't try to stop progress; it's the only hope the earth has of seeing clean industry, short of exterminating mankind.
Doug CaseyAll these people who think they deserve free health care, or a job, or a plasma screen TV, simply because they radiate heat at 98.6 degrees, or because they were born in a certain place, or because they have a certain skin color - it's all bunk. There's no such thing as a 'just' wage. There's only what you earn.
Doug CaseyGovernment intervention in the economy - through taxes, regulation and, most importantly, currency inflation - causes distortions and misallocations of capital that must eventually be unwound. The distortions degrade the general standard of living, and the economy goes into a recession (call that an incomplete cleansing). Or it goes into a depression - wherein the entire sickly structure comes unglued.
Doug CaseySo-called 'higher education' is a veritable magnet for second-raters and actively destructive parasites bent on promoting unsound ideas to the inexperienced and gullible. The concentrate in areas like social studies, literature, and art - where opinion reigns supreme. And I find their opinions almost universally appalling.
Doug CaseyThey've been changing the cry from "global warming" to "climate change" because there's so little evidence there's actually any warming going on. I believe that as little as a decade from now, global warming will be recognized as one of the greatest swindles in world history. It has so little scientific basis, it can only rationally be considered a political scam.
Doug CaseyDo all that you say you are going to do and don't aggress against other people or their property. That's the whole of the law. I can live with a law like that.
Doug CaseyThroughout history government has served as a vehicle for the organization of hatred and oppression, benefiting no one except those who are ambitious and ruthless enough to gain control of it.
Doug CaseyTrusting the government with money creation is like trusting a drunk with a whiskey factory.
Doug CaseyDemocracy is no solution - it's just 51% bossing the other 49% around. For God's sake, Hitler was democratically elected! Democracy is just mob rule dressed up in a coat and tie.
Doug CaseyToday most funding for science comes through government. That means that you have to be known to be sympathetic to conclusions that are acceptable to the political classes.
Doug Casey