In a world teetering on the edge of economic and political collapse, Doug Casey offers a unique perspective on what’s coming next. According to Casey, we are at the point of “ground rush” — the moment before hitting the ground, where the forces pushing the global system to its breaking point are undeniable and accelerating.
A Declining System
Doug Casey has been sounding the alarm about the inevitability of a global collapse for decades. He highlights the dangers of the runaway debt, endless money printing, and the erosion of trust in the international financial system. With increasing inflation and the unsustainable practices of central banks, Casey believes we are on the brink of a significant economic reset.
World War II, according to Casey, is already underway — not necessarily in the traditional sense with nuclear weapons, but in the form of cyber and biological warfare. The weapons are more advanced, and the stakes are higher. “These are no longer the days of simple skirmishes. Today, governments are armed with weapons capable of unimaginable destruction,” says Casey. He warns that the war is not limited to just financial tensions but extends to geopolitical and technological conflicts. Nations are engaged in currency wars, and all of this is happening while their economies are crumbling beneath them.
The Role of Technology
Technology has played a crucial role in humanity’s ascent, from primitive survival to modern civilization. But, as Casey explains, while technology has fueled economic growth and capital accumulation, it has also magnified the destructive capabilities of governments and corporations. The rise of technology has also led to an era where even the slightest misstep could ignite massive conflict — be it through a nuclear, cyber, or biological event.
Despite the gloom, Casey remains somewhat optimistic about humanity’s future. He believes that technological advances, when paired with the entrepreneurial spirit of individuals, could ultimately lead to solutions for many of the crises we face. However, he acknowledges the very real dangers in the short term, including the potential for nuclear war and the collapse of the U.S. as a global superpower.
A Greater Depression Is Coming
The decline of Western civilization, according to Casey, is not a matter of if, but when. With the U.S. government in deep financial turmoil, he predicts what he calls “the Greater Depression,” which will be far worse and longer-lasting than the Great Depression of the 1930s. The root causes — including massive debt accumulation, fiat currencies, and unbacked government spending — will ultimately trigger a global economic crisis.
Casey warns that the U.S. is not immune to what is coming. He highlights the real possibility of a civil war, as the country’s ideological divide grows wider and states become more polarized. This internal fracture, combined with mounting external pressures, makes the U.S. highly vulnerable.
Currency Collapse and Gold’s Role
Doug Casey has long been an advocate for gold as a safe-haven asset. As fiat currencies continue to lose value, Casey argues that gold will inevitably return to its rightful place as the ultimate store of value. Central banks around the world are already purchasing gold, recognizing that the U.S. dollar is no longer a stable reserve currency. Casey predicts that the price of gold will rise sharply in the coming years, possibly reaching $10,000–$20,000 an ounce as governments try to reestablish gold-backed currencies.
But what about silver? Casey believes that while silver is a valuable industrial metal, its role as a monetary asset has been severely diminished. Still, it remains a good store of value, especially in times of economic instability.
The Coming Geopolitical Shift
Casey foresees the disintegration of the global order. In his view, nations and regions are becoming more fragmented. The U.S. is no longer a unified country; it has morphed into a “multinational domestic empire.” The consequences of this transformation could be catastrophic, with civil unrest and violence on the horizon.
He warns that massive immigration into the U.S. is destabilizing the country, creating fractures that may lead to further division. Other countries, like Japan, are also facing the consequences of unchecked immigration, which has led to cultural and social tensions.
Preparing for the Future
In the face of such uncertainty, Doug Casey emphasizes the importance of protecting yourself. The first step, he argues, is ensuring your financial independence. This means getting out of debt, securing your wealth in assets like gold, and being prepared for disruptions that could arise from a collapsing economic system.
Casey also stresses the importance of self-reliance. He believes that in an unstable world, people need to be ready to defend themselves and their families. This means owning firearms and being prepared for the worst-case scenario.
Where to Live Amidst the Chaos?
With the world descending into chaos, Casey suggests that the best places to live right now are in countries with more stability. He currently resides in Uruguay, which he views as one of the most stable countries in Latin America. Argentina is another option, particularly after the election of Javier Milei, who represents a shift toward greater freedom in the country.
However, Casey’s ultimate recommendation is for individuals to take matters into their own hands and move to areas where they can prosper independently of the collapsing systems around them.
Conclusion
Doug Casey’s insights on the approaching global crisis are not for the faint of heart, but they offer a sobering and realistic view of the future. As he warns, the inevitable is now imminent, and those who are prepared both financially and mentally will have a better chance of weathering the storm.
