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International Man: The SEC just approved a new generation of funds that offer three times the daily performance of commodities like gold, silver, and oil. Wall Street is making it easier than ever for ordinary investors to take leveraged bets on volatile markets. What do you make of these products?

Doug Casey: Leverage is great—when yo...


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In 1999, ABC launched Who Wants to Be a Millionaire? with Regis Philbin.

The show became a national obsession.

Its premise rested on an assumption that needed no explanation: If you won $1 million, you had made it.

Later that year, a contestant reached the final question with one lifeline left.

He used it to call his father.

But he ...


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The mainstream framing, “flight to safety,” “China is riskier so Treasuries yield more,” has it arse backwards.

Safety in a bond market doesn’t mean “the government is more trustworthy.” It means “I can get my real purchasing power back at maturity.” On that measure, the US isn’t winning.

It’s the government that has to pay the most to convince anyone to wait te...


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International Man: The world is in its most precarious geopolitical environment since World War 2.

Considering similar historical periods, what have been the most important investment implications of global conflict between the world’s biggest powers?

Doug Casey: The big question is whether or not WW3 will go nuclear. And if it ...


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The Iran war is straining US weapons stockpiles and raising doubts about Washington’s ability to protect the Persian Gulf.

If that weakens the petrodollar and pushes oil producers away from the US financial system, two assets face clear headwinds: the US dollar and US Treasuries.

The petrodollar system helped create structural demand for both.

If oil expo...


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