Doug Casey on Fixing the Economy

Casey has solutions:

“1. Central banks, starting with the Fed, should be abolished. They serve no useful purpose. The US has 260 million ounces of gold. That can be used to back what’s left of the currency. What price, I don’t know – $10,000 an ounce?

“2. Urgently disband 95% of the government. I would go all the way, but I’m a gradualist. It’s not radical – it just means going back to the original ideas of the Constitution

“3. Withdraw troops from all countries around the world. End the insane wars in Iraq and Afghanistan. Cut the military back about 95% too. All these V-2 rockets and carriers are just junk, expensive junk. Their main purpose is going to be excellent dive sites for people of the next century.

“4. Abolish, totally, absolutely, the whole income tax and whole IRS.

“5. US government should default on the debt. That’s the honest way to handle it. They will likely do it subvertly with inflation over time, but I would prefer overtly.

“What are the chances this is going to happen? Slim to none, and slim’s out of town. It ain’t going to happen. Thus, they chose an uncontrolled collapse, not a controlled one.”

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