The David Lin Report What Happens After Debt Default: 'Greater Depression' Triggered | Doug Casey
Aug 28, 2025
Doug Casey, a best-selling author and expert in finance and economics, warns of a looming 'greater depression' fueled by reckless government spending and Federal Reserve policies. He encourages practical skills training over college and advocates for investing in gold and mining stocks as safer bets compared to tech companies. Casey discusses the need for revitalized manufacturing in the U.S. and critiques the traditional education system. With a humorous twist, he also dives into the complexities of AI investments and the importance of lifelong productivity.
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Greater Depression Forecast
- Doug Casey predicts a "Greater Depression" driven by expanding government and persistent deficits.
- He says most markets look poor except the resource sector, which he favors.
Cut Agencies To Free Capital
- Abolish wasteful agencies and fire unproductive bureaucrats to shrink government spending.
- Doug Casey recommends freeing up capital by removing unnecessary institutions like USAID.
Practical Four-Year Preparation
- Skip the standard four-year party-college model and build practical skills while studying.
- Casey proposes a 16-quarter "Preparation" combining trades, travel, and online academic courses.
