Has America already descended into a depression worse than the 1930s Great Depression?
Today’s guest, Doug Casey, suggests that we have. He joins us from Buenos Aires, Argentina, where inflation has been 100%+.
Is real estate cheap, adequately priced, or overpriced?
America’s national debt is so bad that we must now spend $1T annually just on the interest alone.
Keith Weinhold and guest Doug Casey explore the silent economic depression in America, discussing signs and impacts on daily life.
They compare real estate affordability across locations, viewing housing as a consumer good. Doug offers insights on Argentina's housing market, inflation, and the new president's influence.
They critique government intervention, fiat currency, and advocate for gold-backed currency, emphasizing moral values.
Strategies to counter currency debasement, like investing in durable goods and property improvements, are shared, alongside the benefits of spending on experiences and potential tax advantages of real assets.
Timestamps:
The silent economic depression (00:00:00)
Discussion on the concept of a silent economic depression and how it may be affecting America.
Real estate and property management issues (00:02:32)
An unusual property management incident and the impact of inflation on real estate in Argentina.
The guest's background and consistency (00:03:53)
The guest's background, consistency in views, and a discussion on diverse viewpoints.
Comparison of housing costs (00:04:59)
Comparison of housing costs and other expenses between the Great Depression era and the present day.
Real estate in the United States and Argentina (00:06:08)
Comparison of real estate prices and living expenses in the United States and Argentina.
Housing as a consumer good (00:09:29)
Discussion on housing as a consumer good and the impact of government policies on housing and wealth creation.
Comparison of housing costs and amenities (00:10:56)
Comparison of housing costs, amenities, and political changes in Argentina.
Impact of inflation on standard of living (00:14:37)
The impact of inflation on capital, standard of living, and the unsustainability of the current economic situation.
Government deficits and inflation (00:18:05)
Discussion on government deficits, inflation, erosion of the middle class, and the role of the government in creating inflation.
A Currency and Gold (00:20:22)
Doug Casey discusses the benefits of using gold as currency and the potential impact of government involvement.
Investing and Loans (00:22:42)
Keith discusses investing in real estate and loans, providing insights and tips for beginners and veterans.
Government Numbers and Inflation (00:24:54)
Popular Podcasts
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations.
Death, Sex & Money
Anna Sale explores the big questions and hard choices that are often left out of polite conversation.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.