by Doug Casey
Let’s talk about what conditions will be like and about how you can get through the Greater Depression confidently, comfortably, and profitably. It’s not going to be easy or fun, but it’s possible.
I am of the opinion that what’s happening now isn’t just another cyclical downturn that can be papered over by printing up some more money—although that’s exactly what the U.S. and other governments are doing, and in unprecedented amounts. In fact, what the world’s governments are doing is not only wrong but also the opposite of what they should be doing.
Barring the start of another world war—which is not unlikely—the physical world probably won’t be changed much by the Greater Depression, but the way people relate to the world will change a great deal. And not because of the virus, which is about 90% hysteria; it’s just the pin that broke the bubble.